Heya cool contest. What is done with all the steem/SBD that is transferred to the contest administrator?
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Its used to payout participants.
I'm not sure if they keep a fee or not but if they do its only small.
Hey guys, just to clarify the contest prize pool and what happens to the STEEM/SBD (I'm one of the 4 who runs the contest):
75% of what we receive from entry fees is currently given out as prizes to the Top 3 and 25% goes back in to the @yourtop3 account as SP to grow it so we can give bigger upvotes the next month and hence bigger prizes (so like an accumulative effect).
Although once 2020 hits, we'll change the model a little bit as we have plans to dish out even more prizes... can't give too much away at the moment but ultimately, there'll be more ways to win ;)
Feel free to join our Discord and we'll be happy to answer any more questions!
Thanks for the clarification.
I look forward to winning whatever version of the YOURTOP3 is next.
Well there will always be the current version of the contest, have no fear! Buuuuut winning all the versions we're planning, now that's going to be a challenge, even for the champ 😁
View or trade BEER.
Hey @nickyhavey, here is a little bit of BEER from @rentmoney for you. Enjoy it!
No worries! Looking forward to reading about your top 3 now (could you knock rentmoney off the top? As much as we love him, he's won the last 3 contests haha 😂)