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.
IIRC, This kind of review site earn most of there profit from referral commission from the user that use there code while browsing there list of casino and it’s review. The profit on this kind of business is massive if they can manage to properly market there website to a huge gambling community that still doesn’t have crypto casino account. I would say the 10% of revenue is already a good profit sharing for investors since this is a lifetime offer but of course there’s a risk involved on this kind of investment because there’s no guarantee that they can run the business lifetime since they need to pay there developers and other team member there monthly salary plus the marketing expenses.
Investors should be aware that this kind of investment doesn’t guarantee a huge return or even an ROI because there’s a chance that the business don’t survive on the critical early stage of the business. Good luck! I might purchase some chips for my fomo bag later.