BetKing ( http://betking.io ) is a bitcoin betting casino, started by a reputable member of cryptocommunity. It is not a grab money and run away type of scheme. I have never had a bad experience with BetKing and have only praise for service they provide. They are also very responsive to users. It is one of the few online casinos that has been consistent in paying users who win and also benefiting itself with more than 7400 bitcoins in profits. That is a great result! BetKing has been providing its services from April 2013. And in the 2015. It was most visited and played online casino with such an amounts wagered that it surpassed all other competitors. Only int he 2015. It had over 400 000 bitcoins wagered, which is truly astonishing result for a crypto casino. It can compare and even outshine some of the old school online casinos on the market.
Basis of BetKing is a provably fair dice game. It is fun to play, and if you play well you can also earn some profits while having fun. BetKing is also looking to implement more complex games like blackjack, slots, roullete and poker which will add diversity and playabillity to the site. With those games added it is expected to raise even more money for the house with its edge and to attract more investors into bankroll and also more players. Later on it can implement sports betting also, if users want it. With such a broad diversity there is no shortage of fun and good time you can have betting with BetKing platform.
Platform will support most reputable crypto coins such as Bitcoin, Ethereum and Litecoin. We are happy to see that fund raiser is supporting the best crypto currencies on the market. A lot of people hold them as a part of their portfolio so they do not need to convert to some other, often unfamiliar cryptos to participate in the crowd dsale.
BetKing is planning a crowdsale to raise funds for the revamping of the casino. It will issue 100 000 000 BetKing bankroll tokens, on the ethereum backbone, and I am sure everybody has heard of Ethereum. So tokens will be ethereum compatible ( ERC23 ). Out of 100 000 000 tokens. 70 000 000 of them are going into crowdsale, which means that you can get them by contributing to project. By making donations you are taking part in historical event and gaining ownership of a part of bankroll, which will be used as a house stake against players will bet. Now you are asking yourself what will be done with the remaining 30 000 000 tokens, where are they? Don't worry, they will be used for testing, bounties, hiring stuff that will help secure and provide stability to the platform, and for marketing. You can participate in ICO with multiple crypto coins. Bitcoin, Ethereum, Litecoin and Dash are supported.
After the ICO ends and BetKing is operational, every quarter buyback of 10% of the tokens will be held. You can sell your stakes in the bankroll to BetKing casino.
You can participate int he ICO starting 7. of August. ICO will be held until 4. of September, so almost a full month of opportunity. There is no minimum or maximum cap to be raised. There is just a cut off date.
Now you are asking yourself what is the token price? Owner of BetKing provided us with the formula for calculating stakes of crowd sale. Let's suppose raised amount is one million dollars. That gives us 1 000 000 divided by 70 000 000, which is the number of tokens int he crowdsale. Simple dividing gets us that a price of one token is 0.014 dollars. We have talked about buyback of ERC23 tokens by BetKing cassino. But tokens are tradable and if you want you can easily transfer them to any supporting exchange and sell them on the market, if you prefer that way.
ICO is a great way to acquire tokens for a BetKing stake in a bankroll on which you will be getting dividends if the house is successful against the players. But there is also another way in which you can collect them without investing Bitcoin or other crypto currency. It will take your time and commitment instead.
There is a bounty program opened for BetKing platform in which you can invest your time and spread news and informations about BetKing relaunch and the coming ICO. You can work in a range of jobs. For instance if you own blog like me you can write a blog post on your blog and earn stakes for doing that. There is also a signature campaign on the bitcointalk forum. Most popular campaigns lately are the social media campaigns, which often include facebook, twitter and slack. Unfortunately facebook had to be shut down due to facebook policies, but you can still participate in twitter campaign by retweeting posts made by BetKing casino. Don't forget that you need to add a hashtag #ICOBetKing, otherwise your retweets will not be accounted for. Also there is a rule that a tweet can not be older than 5 day when you retweet it. Owner of casino want it to be spread to as many people as possible so he offers translation campaigns also. You can translate ANN thread to your local language and help spread the word to your community. For your work you will be rewarded with stakes.
You can read everything that you need to know about the bounties on this link: https://bitcointalk.org/index.php?topic=1989289.0
Bitcointalk has also a great thread for general discussion where you can ask all your questions or doubts, owner is very responsive and answers in a matter of minutes: https://bitcointalk.org/index.php?topic=1974926.0
I hope we have covered all you would like to know about BetKing platform and its Forth coming crowdsale. Don't forget that ICO date for BetKing fund riser is August the seventh. Come, invest and participate in the bankroll at this link: http://betking.io
Also you can join the community over at slack channel. It is fast and great way of getting information. Join at: slack.betking.io
