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Topic: ⚖️ Crypto Gambling Foundation ⚖️ - Funding up to 5 BTC to new gambling startups (Read 807 times)

legendary
Activity: 1904
Merit: 1011
All Games incl Racer and Lottery game are Closed
sorry but I dont get it. why is no one answering? is the idea dead? or only for special user?

my posting was

as I am not sure where to post I will post it also here

I dont need funding

I need help with provably fair for one of my games

please check here
https://forum.cryptogambling.org/topic/71-who-will-help-me-to-add-provably-fair-to-one-of-my-games/

thx
member
Activity: 150
Merit: 10
Bitcoiner
A great promotion , I hope to see a great provably fair and big site with 0% fees
legendary
Activity: 1904
Merit: 1011
All Games incl Racer and Lottery game are Closed
I seem to have stumbled upon this thread quite some time after it was created. A great initiative but sad to see dirth of new idea which has lead to not a single project getting funded.
I though have an idea but it will take me a month or a two to convert it into something presentable. Will be submitting my application soon.

welcome back to the scene! I am really eager to see your application

good luck
hero member
Activity: 952
Merit: 576
I seem to have stumbled upon this thread quite some time after it was created. A great initiative but sad to see dirth of new idea which has lead to not a single project getting funded.
I though have an idea but it will take me a month or a two to convert it into something presentable. Will be submitting my application soon.
hero member
Activity: 1344
Merit: 507
Although not a single project has been funded so far..

Well, it didn't quite seem to reach much publicity.
They probably have high requirements too since it is 5BTC which were at the time of posting worth a lot more.
But no one selected so far looks like a cost free marketing strategy and not really building up a provably fair casino network!

Still enough shady shit on the online gaming market!
hero member
Activity: 756
Merit: 505
Although not a single project has been funded so far..

Well, it didn't quite seem to reach much publicity.
They probably have high requirements too since it is 5BTC which were at the time of posting worth a lot more.
I agree, for sure they won't just randomly and loosely send 5BTC to anyone just like that. They will likely do a lot of research on the project and probably they want a big cut too from the profits and that could be one of the reasons why the other party (the project owner) will decline. Maybe also they do not want to create new competition like what you said before.
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
Although not a single project has been funded so far..

Well, it didn't quite seem to reach much publicity.
They probably have high requirements too since it is 5BTC which were at the time of posting worth a lot more.
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
Wow!
What an amazing thing to do especially considering people at CGF are making competition for themselves by doing so!
Seems like they're comitted to a cause, not just to profit Smiley
hero member
Activity: 756
Merit: 505
Quote
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.
sr. member
Activity: 882
Merit: 269
This is a great projects and the idea seeing to be too good to be through. One of the beauty of bitcoin development is the potential of creating a lot of good idea around it.
legendary
Activity: 1834
Merit: 1008
What projects have you funded in the past? I mean that how high is your bar on getting accepted for funding?

I think he already mentioned that he offers up to 5 btc for each start up casino which I assume that it will be more likely dice game which can have nuch better roi for sure. And to be true, OP much more likely second moneypot which they accept your site and give you some money to run your business with of course some rules on the profit sharing. But this is better because it takes higher risk for them to give out money so they do not control the money flow
legendary
Activity: 2856
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
What projects have you funded in the past? I mean that how high is your bar on getting accepted for funding?
sr. member
Activity: 588
Merit: 254
Quote
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.
hero member
Activity: 896
Merit: 514
Interesting that the foundation is showing interest in funding these new gambling startups. Though what's the game plan? How does the foundation determine the credibility of the site, the viability of the idea, how the devs will use the money for further development, etc.? Also, will the foundation get a cut from these gambling sites that they actually fund? It has a good intention, but I think it should have some sort of mechanism.
legendary
Activity: 1834
Merit: 1008
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?
legendary
Activity: 3738
Merit: 1708
Its actually a fairly good idea. Basically kind of like Venture Capitalism in the Bitcoin gambling area.

In my opinion with the vast majority of bitcoin gambling sites out there, there are primarily 2 issues.

1) The developer is very creative and has a unique idea aside from regular dice. However they don't have enough capital and the site never gains enough interest or they close it down due to solvency issues.

2) The developer is a beginning or not even a developer at all but has enough capital. In this sense they pretty much launch a copy and paste dice site which there are already 100s examples of. It has enough capital to handle whale gamblers but since its a stale idea, it dies off due to not interest.

Hence this is a pretty unique idea and a great way to introduce new gambling concepts.
sr. member
Activity: 623
Merit: 362
Awesome initiative. Looking forward to what you guys achieve. Need to look into this. I've always wanted to start a Bitcoin casino.

Look into it, do some research. Bitcoin has broken down the barriers of entry to get into this awesome industry.

Never thought of it like that, you have a point. Normally people would have to get CC approved etc.
full member
Activity: 182
Merit: 100
Edward Miroslav
Awesome initiative. Looking forward to what you guys achieve. Need to look into this. I've always wanted to start a Bitcoin casino.

Look into it, do some research. Bitcoin has broken down the barriers of entry to get into this awesome industry.
sr. member
Activity: 623
Merit: 362
Awesome initiative. Looking forward to what you guys achieve. Need to look into this. I've always wanted to start a Bitcoin casino.
full member
Activity: 182
Merit: 100
Edward Miroslav
Would love to see some more entries, this is an initiative where we hope to make even a small difference in trying to change the foundation of how Bitcoin users decide to gamble. Changing the trend from what normal fiat casinos do would be something incredible. Maybe one day we could even move to push the same innitiative to real money casinos.

I guess you could say we want to change how people view online casinos, and it starts by changing the newcomers.
Do we need to have code set up? I am working on a business plan but do not have anything else. Would it be considered?

You don't need to have code setup, but you need to be capable. I wouldn't bother until you have done full research and understand how you're going to approach the situation.

We're more looking to fund gambling startups who are ready to get into the industry but need some extra funding to make their games fair.
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