monthlycrypto.art

How It Works: The Monthly Crypto Art Challenge

The process of how our challenges work is tuned to allow the community as a whole (artists, art connoisseurs, and generous donors) to participate in a fair and supportive way. This is achieved by charging a participation fee ("Prize Pool Fare") from each participant. The prize pool (separate prize pools for each month) consists of the sum of all participants Prize Pool Fares (minus operational costs. OPERATIONAL COSTS WILL NEVER EXCEED 10% OF THE TOTAL VALUE OF THE PRIZE POOL). The Prize Pool Fare is subject to change after each monthly competition, however under no circumstances will the Prize Pool Fare change during a current month's challenge. If a Fare change occurs, ample warning will be given on the homepage. After the voting period is complete and the top 3 pieces have been picked, the prize pool (for that month) will be split 50% for 1st place and 25% for both second and third place. Be aware that since the voting period for each month rolls into the next month, there will be a 2 week overlap between the voting period of the previous month and the opened submissions for the next month.

How to participate:

1. Pay the Prize Pool Fare

   1. • This is where the community support comes in!

      • To be able to provide fair value prizes to winners, if you wish to participate (submitting a piece, voting for your favorite piece, or just donating to the prize pool to be a cool human) you must first pay the Prize Pool Fare.

      • To pay your Prize Pool Fare visit www.monthlycrypto.art/challenge and follow the instructions found there.

2. Submit a piece

• In order to submit a piece check your email for a Fare confirmation and find the Submission Form link and fill out the form so we can get to know you and your piece (no personal info required).

• Submissions are open on the first of each month through the end of the month.

3. Vote

   1. • Once the voting period is open you will receive a notification via email containing the voting link

      • the voting period for any given month will take place the first 2 weeks of the following month

      • once voting period is over the prize pool will be split and distributed between the winners

4. Share! Any friend of a friend is a friend of ours!

   1. • Tag us on social media Twitter: @monthlycryptart Instagram: @monthlycrypto.art

      • Make sure to spread the word on social media so your friends can vote for you.

      • Or just share your favorite piece to support our artists for free.

      • The more we share the bigger we grow, the bigger we grow the bigger the prize pools, the bigger prize pools the better the art will be. At the end of the day that's what its all about, good art and proper support for artists.