Are you familiar with what they call as bitcoin gambling? For those who already know it then they would also be familiar with BetKing. This is a very famous bitcoin dice site that was launched back in April 2013 and became one of the most popular types of crowdfunded casinos for bitcoin until the end of the year 2014.
Around the year 2015, the site has wagered about 400,000+ bitcoins which is the amount of all their competitors have combined. The site also was able to crowdfund around 6,000 bitcoin which gave them the highest betting limits as well. Many people will remember it as one of the most trusted bitcoin dice sites.
The Closure Of This Site In 2016
Many would have wondered by BetKing had to close and what was the problem. One thing is for sure and that was not money. In its run, the site has made around 7,400 as profit where there is a 1.8% house winnings and is the lowest when it comes to the gambling industry.
The founder of the site has worked on it for around four years without any help from staff. One of the reasons why the founder stopped is because he also needed a break from all the hard work he has done alone and furthermore he wanted to create an even better site. This is also the reason why the site has an ICO.
Is ICO The Solution To Improve The Site And Its Profits?
The ICO was made in order to recreate the largest dice website in the world. The site also offered a presale and had a 25% discount for those who bought BKB tokens, the presale got the site 372 bitcoin and also other cryptocurrencies plus around $1,800,000 that are in fiat.
The new site also had more games so that players would have more choices compared to before. The fund for the ICO was about $6 million and it had opened earlier than planned so that players can also bet on recent sporting events. Bear in mind that the site’s main goal is to become the top bitcoin gaming website and it will do all that it takes to reach that top spot.
Cryptocurrencies have made a lot of improvements with how the site operates and thanks to the emergence of more cryptocurrencies, this enabled the site to spread out and also try other means to access more games and get the interest of more players. The site is fully back brimming with new features as well as a new platform that players can enjoy from.