Some of our competitors also offer profit sharing as we do, but we'll also be donating a share of profits each and every quarter to 2 charities. One will be a gambling related charity (keep an eye out for our announcement about that) and one will be another worthy cause which our ODDZ token holders will help select. As well as our charity donations, we also plan to, each quarter, donate a share of our profits to myetherwallet.com to enable them to continue the excellent work they are doing for the Ethereum community.
The MyOddz.bet Team.
I can't understand one part of profits to be donated to charity, but you have not declared donations to which organization?
Hi, apologies if this is unclear. Each quarter, 0.25% of all profits will be donated to myetherwallet.com to enable them to continue the great work they have been, and continue to do for the Ethereum community with their project. This will be ongoing each and every quarter.
Aside from that, there will be two charities each quarter we shall donate to. One charity shall always be a gambling related charity, to aid those that have problems with it. There are many charitable organisations around the world who perform this role so one shall be chosen each quarter by the team from the approximately 50 we have identified so far. The other charity shall be decided by ODDZ token holders, in two possible methods. We have not yet settled on which method to use.
One method is a simple poll on Facebook for example, with a list of 5 charities which our ODDZ token holders can choose from and vote on. The other option will be to airdrop voting tokens to all ODDZ Token holders. They will then be able to send their allocation of voting tokens to one of 5 ethereum wallets. Each wallet address will denote an individual charity, so in this way, the wallet with the largest balance of voting tokens at the end of the vote, receives the charitable donation.
We will take feedback from our ODDZ token holders as to which method they prefer to use. Using Facebook means that voting on a poll could be open to manipulation (though we can't see why someone would want to do that), whereas the issue with using airdropped tokens is the GAS fees to send the voting tokens to the wallet of the users choice.
We shall be asking our ODDZ token holders which method they prefer to use and shall be pursuing other methods available, in plenty of time, before the first donations are due to be sent out.
We hope this clarifies matters for you and thank you for your question!
The MyOddz.bet Team.