BetKing Relaunch + ICO Crowdsale
BetKing is back!
As our newest sponsor we are excited that they are relaunching with all new and improved software on the 4th of September.
BetKing opened in April 2013 and by the end of 2014 quickly became the most popular crowdfunded 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 crowdfunded bankroll 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.
The new platform will offer new updated provably fair casino games such as Blackjack and Roulette as well as all your favorites.
We will support multiple cryptocurrencies including Ethereum and Litecoin betting.
We will also allow casino websites and app owners to integrate with our platform. We’ll take care of user accounts and betting and let casinos develop their own unique games and promos while not having to worry about bankroll funds or security issues. Soon after launch we will add sports betting, more casino games, poker games and tournaments and native mobile apps.
We also have some unique new games and social features that will be announced next month that players will be able to try on the beta site.
Instead of the old investment feature we are launching a crowdsale on the 7th of August for our BetKing Bankroll Tokens.
BetKing Bankroll Token Crowdsale
100,000,000 BetKing Bankroll Tokens will be created as Ethereum ERC23 tokens.
70 million will be available for sale to crowdsale participants. 30 million will be retained by BetKing for ICO bounties (1%), testing bounties, advisors, hiring, future marketing and development.
BetKing Bankroll Tokens can be purchased with Bitcoin, Ethereum, Litecoin and Dash. All funds will be held in cold storage. A percentage of the profit made from bankrolled games will be used to buy back BetKing Bankroll tokens from holders. Every quarter BetKing will offer to buy back up to 10% of a holders tokens at the current buy back price.
The crowdsale will start on the 7th of August (00:00 UTC) and end on the 4th of September (00:00 UTC).
There is no cap on the total funds that can be raised.
There is no minimum amount needed to be raised for the crowdsale to be successful.
For more detailed information on the ICO visit ico.betking.io for the full structure.