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

Google Play Changes Stance on iGaming Apps

Google Play Changes Stance on iGaming Apps

Google Play has a wide array of apps available in its Android-exclusive store. However, fans of iGaming and online sportsbook apps were facing a ban as originally planned by the gaming giant.

Ocean Resort Casino Owner: We'll Surprise the World

Ocean Resort Casino Owner: We'll Surprise the World

The owner of Atlantic City's Ocean Resort Casinos promises to "surprise the world" when the former Revel casino reopens next week.

Taruhan Olahraga & Taruhan Langsung - Bertaruh Piala Dunia 2018 - Indonesia

Taruhan olahraga dari indonesia online menggunakan dompet bitcoin dan buka akun taruhan.  Bertaruh Piala Dunia 2018!

Online Gambling Affiliates Will Need to Have HTTPS Implementation or Risk Traffic Loss

In July, Google will be updating its Chrome browser to warn visitors when they land on a page that is not secure, one that does not incorporate the HTTPS:// before a URL

Atlantic City Weekly Addresses the Question; Can You Cheat the Slot Machines?

Anyone who enters a gambling casino to try their luck on real money slots or plays online slot machines at an Internet casino is looking for any edge they can find to come out a winner. When it comes to “cheating” a slot machine, that is a whole other matter.

Syndicate