The 100 Million eCash Content Contest, which rewards the most interesting and original eCash related content, will change the structure of its prizes, adding new opportunities for each entry. Cain, the creator, and sponsor of the contest announced on Thursday, August 26th he would be “upping the ante” when it comes to prizes. In his more recent article, Proof of Writing 54, Cain details the reasons behind this restructuring.
Cain explains that its original idea was to distribute 100 million eCash in 100 days, with him providing the funds for the prizes. However, something unexpected happened in the midst of the contest. Someone donated 50 million eCash to him, effectively subsidizing half of the prize money. He stated:
“About a week into the experiment someone generously offered to foot half the bill, no strings attached. I was blown away, and also a little relieved. Blown away that someone would do this for nothing in return, and a little relieved because my cost was getting cut by 50%.”
Instead of leaving it at that, Cain decided to honour his earlier commitment and instead used the generous donation to create 3 additional prizes. He explains:
“I said I would give out 100M XEC, so that's what I plan to do, and the extra 50M eCash I received from the generous donor will be used as part of a grand prize going to the top 3 daily winners of my choosing at the end of the 100 days. I will reward 25M, 15M and 10M XEC, respectively, to the 1st, 2nd, and 3rd place winners.”
These additional prizes will likely entice participants to keep contributing to the pool of content that has already been exposed on Twitter about eCash and its qualities. Cain has compiled the now 18 winners of the contest in a Twitter thread available here.
The Winning Formula
While the contest was started by Cain on a whim, as he himself stated, it is now more organized, and with this latest article he is offering more insight into what kind of content he is looking for and is providing some guidelines contestants can follow to increase their chances of being selected as winners. The eCash supporter stated that to be elected, these submissions have to excel in one of these categories: Execution, Originality, Creativity, Utility, and Technology.
In this sense, Cain acknowledged that the final objective is to increase awareness about the eCash brand and to entice the creation of interesting content for the community. He concluded:
“I have no idea what to expect. Nobody knows what the value of XEC will be 85 days from now, but I wish everyone the best, and most importantly, I hope people have fun =)”