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Initially i focus on technical and making the website ready .later i would focus on partner's prepared planned on launch . when i say partner most times work is shared 50-50
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juggy thanks for your reply ,
i dont feel its risky model ,since i payout only crowdfunded , i do understand i may lose out few customers if the payout are less , however will see an other workaround what can it be done at later stage to retain the customer .
yes timezone is issue , however i chose the index value from single reputed market (say google /coindesk) which most parts of world checks for bitcoin value . if there are multiple winners as mentioned above , max payout is 100$ or crowd received fund (first come first basis).
regarding spending on website/servers avoiding scammers ,bots is definetly an challenge i need to plan later technically to make it safer .
thanks
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gotottack , thanks for replying
1)regarding closing price- i do undesrtand its 24/7 market. hence i chose it will be today's midnight GMT timestamp closing price .
2)it wont be set odds gambling . i would rather chose to make it prefer it to be simple to user . prediction starts from 1:00 AM and ends at 10:00 PM . will annouce the result next day morning 5:00 AM .
First 100 correct predictors will get 100 $ or the money recieved from crowd fund .
does it makes sense . i am still new to this and trying to discuss with you guys and then plan to launch . so plz educate me , if i am missing or my understanding is wrong
thanks
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Hi Friends ,
I am planning to launch an daily prediction contest website on bitcoin closing price . concept is simple -- User pays 10cent per prediction (max allowed prediction per user is 5 attempts) , winners will get max 100$ worth of bitcoin or crowd fund received .
Will this business model work good ?? Any pros and cons ? or better suggestion .
I need business partner who has sound knowledge on bitcoin ready to invest and take this business model to next level . 1)partner should be wellversed with bitcoin (market , trading , mining, payment gateway solution ) 2)blogging 3)marketing strategy
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Hi Friends ,
I am planning to launch an daily prediction contest website on bitcoin closing price . concept is simple -- User pays 10cent per prediction (max allowed prediction per user is 5 attempts) , winners will get max 100$ worth of bitcoin or crowd fund recieved .
Will this business model work good ?? Any pros and cons ?
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