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Web-site? It should just be Website, unless when you mean Web page or Web pages.
Anyway, you should consider making it more concise. For example, drop the "Encourage our web-site developers..." since you have already talked about the "encouragement". I think you need to totally rephrase Option 1
"Giving a donation, your web-site will enter the Table of Honour! The amount of the donation does not matter! At the end of the month, if you become the largest donator of the month, you will be announced in the section "LAST MONTH WINNER", and you will win 80% of all donations received during that month!" should be...
"Your website will be entered into the Table of Honour upon receipt of a donation from you, regardless of the total amount. All the donation entries will be tallied up at the end of the month, and the top donator will be awarded 80% of the total. The "Last month's winner" section will be updated each month to announce the winner, his/her donation, and the prize."
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