Ok, so seems most people are in favor of a $5k prize pool - but what about the allocations?
I kinda liked @Gogo1905’s idea of 3-5 top prizes & 10 prizes for a lesser amount.
So e.g. $2,500 allocated to the top 3-5 prizes and then the remaining $2,500 allocated to ~10 participants?
1 or 2 weeks?
There have been some discussions on Telegram about how to go about the voting.
One possible way would be to use DaVinci and list each meme submission as an NFT priced at 1 ONE and with a super high total available quantity.
Then each purchase would count as a vote.
This is definitely gameable - but can be circumvented by using scripts that’ll only allow one purchase/vote per wallet. But that wouldn’t stop someone from just making new accounts and repeating the process. This could be mitigated by setting a 1 week limit on accounts and completely disregarding votes from accounts newer than 1 week.
The issue with using DaVinci for voting is that it would result in artists dumping a ton of NFT art for 1 ONE on DaVinci’s platform. It would also mean that artists would sell their art work for 1 ONE when it potentially could’ve been worth a ton more. So it kinda sounded like a decent idea initially, but the more I think about it (and in line with discussion on Telegram) it doesn’t seem to be a good idea anymore.
There have been discussions on Telegram to:
- Use DaVinci as the listings platform for each meme submission (each meme submission would be an NFT and each respective artist can set whatever price they want. They’re free to sell their meme as an NFT during or after the competition if they want to).
- Use e.g. something like Strawpoll with both ip tracking and captchas enabled to filter out bot votes etc.
I think irregardless of whatever way we end up structuring the competition people will probably find a way to game it. So even if we have voting, we should probably also perform some kind of manual filtering to filter out obvious gamed submissions.