Use of Funds from NFT Sales

At Degengamble.xyz, we believe in complete transparency, especially when it comes to how we utilize the funds raised from our NFT sales. The capital raised through the sale of our 200 NFTs, totaling $1,000,000, will be strategically allocated to ensure the growth, compliance, and sustainability of our platform. Below is a breakdown of how the funds will be utilized:

1. Marketing - 40% ($400,000)

Marketing is crucial to our success, as it allows us to build brand awareness, attract new users, and establish Degengamble.xyz as a leader in the decentralized P2P betting space. The marketing budget will be used for:

• Digital Advertising: Investing in online ads across social media platforms, Google Ads, and crypto-focused websites to reach a broad audience.

• Community Building: Engaging with crypto and NFT communities through forums, Discord, Telegram groups, and influencer partnerships.

• Content Creation: Developing high-quality content, including blogs, videos, and tutorials, to educate users and promote our platform.

• PR Campaigns: Launching public relations initiatives to generate media coverage and feature our platform in industry-leading publications.

• Giveaways: Certain planned giveaways to attract new community members.

2. Obtaining Gambling License - 25% ($250,000)

To operate legally and build trust with our users, acquiring a gambling license is a top priority. The funds allocated for this purpose will be used to:

• Legal Consultation: Hiring legal experts who specialize in gambling regulations to guide us through the licensing process.

• Application Fees: Covering the costs associated with applying for and obtaining a gambling license in relevant jurisdictions.

• Compliance: Ensuring that our platform meets all regulatory requirements, including anti-money laundering (AML) and know-your-customer (KYC) procedures, to operate smoothly and legally.

3. Operations - 35% ($350,000)

The operational budget ensures that we can maintain and enhance the platform, providing a seamless experience for our users. The funds will be used for:

• Platform Development: Ongoing development and maintenance of the platform, including implementing new features and improving user experience.

• Infrastructure Costs: Covering server hosting, data storage, and other technical infrastructure necessary to keep the platform running efficiently.

• Customer Support: Building a responsive customer support team to assist users with any issues or questions they may have.

• Security: Invest in cybersecurity measures to protect user data and ensure the platform’s integrity.