BetKing ICO raises over $1.2 mln in Pre sale.

The BetKing ICO pre-sale ended the 30th of July and raised over $1.2 million. However, with the recent rally of Bitcoin and Ether, the total value of the contributions has skyrocketed to well over $1.5 million. Participants were awarded a 25% discount on tokens purchased during the sale.

The main token sale starts on August 7th at 0:00 UTC and will run until September 4th, the relaunch day of BetKing. A countdown timer can be found on BetKing’s homepage.

During the main sale, there will also be discounts.

– Week 1: 15%
– Week 2: 10%
– Week 3: 5%

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

 

Token buy back program

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:

BetKing will take the total value of all funds at the current exchange rate at the end of the crowdsale to determine the price per token. For example: If BetKing raised $1,000,000 then the price per token would be $0.014 (1,000,000 / 70,000,000).

The buy back price offered by BetKing will be based on the current total bankroll profit. If the price of the token at the end of the crowdsale was $0.014 and the bankroll profit was $1,000,000 then the buy back price would be $0.024 (1,000,000/100,000,000 + 0.014).

 

Quick Preview

Here’s a preview of some of the provably fair games that BetKing will launch. Important note: these are not final designs.

betking game

betking poker

 

You can learn more about BetKing on their website or in this article we wrote earlier.

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