We’re a new platform that helps creators monetize their content through brand photo/video contests. As we’ve been growing, we get more submissions to every challenge — which means more competition!
We wanted to create a way to reward everyone for every challenge, so we’ve changed our prize structure. Now, the prize pool grows by $20 with each new submission, and everyone wins some cash every time. Here’s how it works:
- The prize pool starts at $20
- Every time a new user submits, the prize pool grows by $20. So if there are nine submissions to a challenge, the prize pool becomes $20 + 9($20) = $200. It grows quickly, so get friends to submit!
- Larger prizes are still given to 1st, 2nd, and 3rd place winners. 1st place gets 40% of the prize pool, 2nd place gets 30%, and 3rd place gets 20%. In our example, above, that’s $80, $60, and $40 each.
- The final 10% is split among all of the other creators that submitted to the challenge! In the example above, that means if you were one of the 6 creators that didn’t win, you would get $3.33. It’s small, but it adds up quickly, and it’s guaranteed.
We hopes this gives Viralspace creators a reason to attempt to enter every challenge and continue to invite other quality creators. Click here to go back to the website and enter challenges!
This applies to all challenges starting February 28. Challenges that started before then will have the prize structure stated in the description.
(Just a note: we will be watching to ensure that photos fit challenge guidelines. So if we have a challenge asking for photos of food, please don’t upload a photo of a sock. That’s all we ask!)