Have an idea for a provably fair, transparent & honest gambling project? Request funding by creating a new topic in the forum section linked below. The Crypto Gambling Foundation will be happy to fund up to 5 BTC to individual projects as seed funding if we see merit in the idea. All funding is donation based and will not be asked to be returned in any form. Successful websites are more than welcome to give back to the foundation if they would like to.
By doing this, the foundation hopes to create a trend in new websites that follow how we hope to see the Bitcoin gambling scene become. The majority of new websites now days are sadly not. The best way to break this trend is by ensuring correct practice in the new & upcoming websites.
You will have to post a new topic with the application below. The topic has questions which will hopefully help determine whether your a stand out individual. Your business plan, which you will PM to me, will determine whether your business is something viable and worth funding.
All approved websites for funding will automatically become junior members of the foundation. This is not a fully verified operator as you will need at least 6 months of legitimate operation in order to become eligible.
https://forum.cryptogambling.org/topic/42-gambling-website-or-project-funding/That's pretty interesting... Another foundation trying to make money.
Gambling is in no way supportive to the world and we got a lot of casinos already. I'm not entirely sure why you're funding new gambling startups. Only for the money?
If not, why wouldn't you just go for 3rd world projects? They can be quite profitable as well (though riskier and slower).
Thus, I completely disagree on the statements of the previous posters that this is a nice initiative. This is only a nice initiative for themselves.
So you are giving this amount out without asking for any return? Are you do this for charity? Because there are tons of simple site which can scam awau your btc, due to the current price, I think 5 btc is really worth to be scammed. Let say dice site which they can get easy code out there and create their site and claim it here, so you are not going to do anything and fund them just like that?
They're obviously not going to do this without asking for any return. They aren't charity. They're an attempt to become rich.
Indeed there is an attempt here to get rich as well, but they are really risking something from their own pockets, don't you think this is how investing works? They are just investing their money into startups with the hopes that one of them will make it big. Also, what's so wrong in creating new casinos anyway? Remember Nokia? If no one else created new phones because Nokia had the whole market in their hands already, do you think we will every see a smartphone? I don't think so. This is just to say that from your own arguments you are completely wrong.
