We are spending the fund only in outsourcing services.
he team members are working at least 6 months without receiving any incentive. Even if there are some revenue which we generate but until we ensure first page on the search engines it’s not much to feed the family of the team members. Everyone has their bills to pay.
So, the money is to pay for the developers and the team, but the investors will only get 10% of the revenue, that doesn't sound as a good deal to me. The investors are an important part of the team, and they should get a bigger piece of the cake.
I really wish you great luck with the project, but i don't like the business model, is not attractive for me as investor.
I agree.
The project owners are asking for between 1BTC and 2.5BTC in funding. This is somewhere between 25K and 63K USD worth of capital.
Is it really that expensive to create a casino review website? I guess that most of the budget would be spent for marketing and search engine optimization, but how there's going to be a return of investment? How the casino website is going to make enough money?
Posting gambling ads and providing paid premium features for a fee? Are there any gamblers, who are willing to pay for premium services offered by a casino review website?
10% of the overall revenue seems really low, because the potential revenue is unknown. It can be 10K per month, or it can be 1K per year.
Anyway, this project is backed by some highly reputable Bitcointalk members. Good luck.