Post
Topic
Board Collectibles
Re: [NEW] Hodlonaut, Limited to 21, 100% profits donated
by
frankbitcoin
on 16/04/2019, 21:19:48 UTC
Would you share how are you calculating the profits on each sale? Are profits = sale price - material expense? Because I have seem some shady charities that pay their CEOs and staff large amounts which decrease the profits. Here it comes, I am an asshole for asking this right. Even though it is a valid concern

If it's a complete sellout, we estimate a total donation of approximately $15,000.

We have to take into account our costs for the metal panels, canvases, paper, ink, employee costs, handling/packaging/shipping costs, etc.

I think a $15K donation is pretty substantial.  I also really like the fact that any excess that is not used is being donated to Bitcoin Venezuela.  I know they are in dire need of food for the folks out there, so this is a win/win situation, either way, in our eyes!

Elizabeth Stark is already aware of this, by the way.

And as I mentioned on Twitter I'd be happy to donate bit-by-bit, not just after a complete sell out. Will post screenshots from any and all donations.

Sold x1 metal panel this morning.  Funds should be deposited within 3 days, at which point they'll have a donation coming their way.  Might be easier to batch the donations weekly, however.