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RE: Overview and Expansion on Tom Kerr’s post “Technology That Could Revolutionize Gambling and Change The World" in The Racing Post
They forgot to mention the 15,000 USD in contracts that is paid monthly from the peerplays non profit to one of the co-founders who is in turn the president of the non profit. There is zero mention of how much betting volume will be needed to cover this cost or what % of the fees from the bets go to this monthly payment. This is not in a whitepepe or anywhere else.
This is paid from the nonprofit organization that raised money during the crowdfund. This money will be depleted at some point and no further payment will happen. The nonprofit is just to bootstrap the ecosystem. Onchain profit goes to the shareholders not to the nonprofit organization. So your assumption is wrong.
So the crowdfund is to pay for the 15k a month in contracts to Johnahan´s 2 companies. The president of a non profit that pays two for profit companies 15k a month that the president of the non profit owns. The so called "donations" are going to this - first - and to development of the software second as the contracts are a done deal. How much is needed in order to pay for the contracts in full?
No, I describe that this massive contract over many years is paid for by the non proit as you point out. Sommeone is already sitting pertty. Nice deal if you can get it.
did you send kerr the 84 $
Is Kerr going to get the 68$ that this post raised so far?