Investors who have been missing Betking, are glad to know that this popular casino platform is all set to hit the market with a new updated version in the coming month. To break the ice, the ICO campaign has been announced by the company, which is starting from August 7, 2017, and will run until September 4, 2017. The ICO serves as an opportunity for investors to hold stakes in the Betking platform, and fund its future development as well.
What’s New in the Platform?
The updated Betking casino platform is bringing various new features, including exclusive support for more cryptocurrencies and updated casino titles. It is to be noted that Betking, initially launched in April 2013, proved to be a great hit for 3 years, being one of the most popular online casinos; however, in view of potential development needs, the company issued profit payouts to all investors and stopped operations in December 2016. At the same time, the relaunch was also announced for 2017.
The relaunched version of Betking will now offer new fair casino games such as Roulette and Blackjack and support Litecoin and Ethereum, besides bitcoin. Moreover, investors, casino websites and app owners will be able to integrate Betking with their platform. The updated version lets Betking manage user accounts and look after bets, while app and casino owners will develop their unique promos and games, without a need to be concerned about their security or bankroll funding problems. The addition of poker, sports betting and other casino tournaments and contents are also expected right after the launch, while the feature-rich beta platform will be unveiled in August so that users can develop their expectations. Whether you have Android or IOS devices, Betking will provide complete mobile app support.
About the ICO
In its three years of operations after the initial launch, Betking achieved a profit worth of 7400 BTCs just from a single game, without any marketing. With the advent of more games and increasing possibilities for supporting a strong community and various cryptocurrencies, Betking decided to go on a bigger scale.
The upcoming ICO of the rebranded platform is offering 100,000,000 Betking Bankroll tokens, 70% of which will be sold to participants and rest retained by Betking for bounty payouts, marketing and operational costs and team based expenses. The funds raised via the sale of tokens through Bitcoin, Dash, Litecoin, and Ethereum, will be kept in cold storage. Half of the funds will be used for house bankroll that players bet against and from which the winnings are paid for, and remaining for covering marketing and legal costs.
The ICO Terms…
- The Token Price
The price per Betking Bankroll token is to be decided on the basis of total raised funds in the ICO. Total funds will be taken at the rate of exchange during the time of ICO’s end. The total current profit will determine the buy-back price offered by Betking. Liquidity seeking token holders can sell their tokens over any exchanges or to third parties.
Profit Discounts
The platform will use certain profit percentage made by bankrolled games to rebuy the tokens from holders. The ICO’s first-week investors will get 15% discount, second week 10% and third week 5%. The previous Betking bankroll providers are to enjoy an additional 5% discount, irrespective of the week of their buying.
For more details about this upcoming ICO, please visit http://betking.io/#ico
Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.
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