Unikrn repare to launch first ICO gambling scam

Discussion in 'General Bitcoin Gambling Discussion' started by EvilK, Jun 20, 2017.

  1. EvilK

    EvilK Member

    I don't indulge in esports betting so I can't comment on what kind of a betting site Unikrn is but I do think that most of the recent influx of ICO's launching on the Ethereum network are total scams. Hundreds of millions of useless tokens are being purchased based on white papers and pipe dreams. I really hope that credible bitcoin gambling sites like CloudBet and FortuneJack do not try to launch an ICO to scam their users.
  2. Toast

    Toast Member

    can someone please explain what an ICO is? i recently read some crypto-wallet raised $150 million via an ICO?
  3. Humble Servant

    Humble Servant Active Member Staff Member

    ICO stands for Initial Coin Offering I think. Basically, instead of going to a VC company to look for an investment, you can now sell tokens or vouchers which can be redeemed later when the service is launched. I think most people buy ICO's however in the hope of selling them to the greater fool at a later date for a higher price. Very few of these ICO's will actually launch a product so there will be no place to redeem your voucher.
  4. Humble Servant

    Humble Servant Active Member Staff Member

    It appears Mark Cuban is supporting the Unikrn ICO token....

  5. Freddy

    Freddy Member

    are we really going to live in a world for there is a separate token for every online service? the ico boom is completely ludicrous and a lot of people are going to lose their savings. you have been warned.

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