Charity Idea:
Hi Adam,
Hope you are keeping well. First I’d like to thank you and the team for all the time and effort you are putting into this company/DAO.
A hybrid ( Maybe to big) idea pinched from a current and successful model to promote Bamboo as a charitable token/company and encourage people to be apart of this community/DAO and the community of companies affiliated with the token
I’m am making an assumption that people need to hold Bamboo tokens/NFTs to be apart of deals/promotions or experiences through GURU connections etc and from other irons in the fire you my have. So therefore, there is already alot of potential exposure for the token and the people within the community/DAO. This then allows for word of mouth promoting from community members about Bamboo benefits, with its promotions, deals or experiences from affiliated companies plus this idea. In addition, these companies can also promote themselves and the charitable benefit of this token, through this idea or the opportunity to be apart of this charitable process.
Assuming this, through owning a certain amount of Bamboo (let’s say 20 dollars worth), you are able to enter a competition where you can purchase a ticket from a limited quantity of only 250,000, which are worth $100 each of USDC or something equivalent, which are bought through the Bamboo Hex and this is held in a Bamboo company wallet.
Participates need to send this money from their Bamboo wallet to receive there possible prize later. These participates will have a 1 in 15 chance of winning money, experiences, items or getting their money back.
Being either a Bamboo holder or also a ticket purchaser, this will allow you to vote on where a certain amount of this prize money will be allocated (either for 1 charity or spread across 2 or 3 depending on how many votes they receive each). These can be nominated/discussed in the DAO, then voted on which ones will receive the prize money or how the quantities are spread prior to the competition.
Tickets:
$100 × 250,000 = $25,000,000
$5 million can be used for a charitable donation as stated above.
1st prize $2,500,000 or equivalent in property of your choice in your country.
2nd prize $1,500,000 or equivalent in other means
3rd prize $1,000,000 or equivalent in other means.
That’s leaves $15,000,000 to create another range of prizes of significant value, all the way down to people possibly receiving their $100 back or an equivalent prizes to that value.
Not sure if legally wages are allowed to be extracted from this to facilitate this process for Bamboo But I hope my thought process/and good intentions to promote Bamboo are coming through.
This also allows for affiliated Bamboo companies to be apart of the charitable promotion process and or provide prizes for the process or for other companies to get on board.
I feel from being involved in equivalent competitions at the moment, it gives a sense of helping others and changing their lives. While promoting Bamboo in a positive light nationally and potentially globally. However, also allowing participates to change their own lives significantly, in a small way or getting their money back.
Over time I believe this would contribute to Bamboo becoming a wanted asset, which would allow access to discounts, privileges or experiences with affiliated companies, but also an experience to be involve with a charitable competition with great incentives to participate.
Hope you don’t mind me sharing this idea.
Kind regards
Waz
