Favourable offers a unique approach by providing two distinct features: tournament brackets with 100% prize pools and fundraisers users can sponsor using earnings accumulated in their wallet. Let’s break down how this system works and how it benefits users:
Tournament Brackets with 100% Prize Pools:
Higher Earning Potential:
In this mode, when users participate in tournament brackets, the platform allocates 100% of the collected funds as prizes. This means that every dollar contributed by users goes directly into the prize pool, creating a highly lucrative earning potential for participants.
Competitive Incentives:
The promise of a 100% prize pool ensures that users are highly motivated to participate in tournaments and compete vigorously to win a significant share of the pool. This competitive atmosphere encourages more users to join and contribute.
Positive User Experience:
Users appreciate transparency and fairness. With a 100% prize pool, they can be confident that their contributions are directly linked to the potential rewards they can earn, enhancing their overall experience on Favourable.
Fundraisers:
Balancing Fundraising and Earnings:
In fundraisers, Favourable offers users the opportunity to fundraise for things they want & by doing so are potentially able to acquire substantially more than if they were to only rely on earnings from events hosted by Favourable.
Community Involvement:
This model encourages users to engage in philanthropy and support various causes, fostering a sense of community and social responsibility among Favourable’s users.
Favourable Wallet and Liquidity:
Favourable Wallet:
Users on our platform have a Wallet where they can accumulate their earnings from tournament brackets and other activities.
Sponsoring Fundraisers:
The earnings from tournament brackets with 100% prize pools can be credited to the Favourable Wallet. Users can then choose to sponsor fundraisers by contributing funds directly from their wallet. This creates a seamless link between the competitive aspect and the philanthropic aspect of our platform.
Liquidity for Fundraising:
Since users have earnings in their Favourable Wallets, they can easily fundraise for causes they believe in without having to make additional payments. This liquidity enables users to support a wide range of causes, making the fundraising process more accessible and convenient.
4. Versatile Fundraising:
Funding for Anything Within Reason:
Favourable allows users to fundraise for anything within reason, offering a flexible and inclusive approach. This means users can support personal projects, community initiatives, charitable causes, or any other endeavors they find meaningful.
Let’s recap:
Favourable’s innovative model combines competitive gaming with philanthropy by offering tournament brackets with 100% prize pools and fundraisers where users can request much more than prizes on offer.
This approach provides users with attractive earning potential, encourages community involvement, and allows for easy sponsorship of fundraisers using earnings accumulated in the Favourable Wallet.
The liquidity in the wallet ensures that users can fundraise for a wide range of causes, making our platform a versatile and user-friendly crowdfunding solution.