BetKing Re-launches With 4 Week ICO

Written by:
Guest
Published on:
Aug/07/2017

The main sale ahead of BetKing’s September 4 re-launch kicked off Monday (August 7) with the ICO going through the month of August and first four days of September.    

BetOnline now proud to accept Litecoin – Click banner above

BetKing opened in April 2013 and by the end of 2014 quickly became the most popular crowd funded Bitcoin casino. From 2015 BetKing had the most wagered volume of all crowdfunded gambling sites, 400,000 Bitcoin, almost more than all competitors combined! With a 6000 Bitcoin crowd fundedbankroll BetKing was the most trusted dice site with the highest betting limits. All 6000 Bitcoin were returned to investors when we closed in December 2016.

There is no cap on the amount of funds that can be raised and 70,000,000 of 100,000,000 tokens will be sold.

Every quarter BetKing will buy back up to 10% of all tokens from holders, if they wish to sell.

The buyback price that BetKing offers is calculated as follows and is independent of 3rd party exchange rates:

(Initial token price + current bankroll profit)

For example, if the ICO raised $2 million in the sale for 70% of tokens, then that would give the initial token price the value of $0.0284.

If the bankroll profit after 6 months was $2 million, then each token would now be worth $0.0484,

($2 million / 70 million) + ($2 million / 100 million).

The current profit is always the total Bitcoin, Ethereum and other crypto-currency profit since launch converted to dollars at time of buy back.

There will also be discounts for buyers during the main sale.

Week 1: 15%

Week 2: 10%

Week 3: 5%

- Aaron Goldstein, Gambling911.com

Gambling News

Sigma2017 Malta Day 1 Agenda

Sigma2017 Malta Day 1 Agenda

For those in Malta at this year’s Sigma2017 the official full Day 1 kicks off Thursday Thanksgiving Day (for those who celebrate in the USA)

Las Vegas Shooting: Negligence Lawsuits Filed With 450 Plaintiffs

Las Vegas Shooting: Negligence Lawsuits Filed With 450 Plaintiffs

Four new negligence cases have been filed on behalf of more than 450 victims in the Las Vegas mass shooting last month.

Billionaire Could Get $5.6M in State Funds for Trump Plaza Demolition

Billionaire Could Get $5.6M in State Funds for Trump Plaza Demolition

A New Jersey redevelopment agency has given preliminary approval to a $5.6 million payment to billionaire investor Carl Icahn to help pay for the demolition of part of Atlantic City's former Trump Plaza casino.

Get Ready for SiGMA

Get Ready for SiGMA

SiGMA, now among the top online gambling affiliate conferences, is due to officially kick off Wednesday with a pre-registration cocktail gathering.  The conference and expo hall opens Thursday.

Syndicate