Prizes

USDT prize pool per round. Milestone-based payouts across three months.

$ cat PRIZES.md

Prizes

Prizes are paid in USDT to the Nimiq wallet address you submit with your entry. Amounts vary per round — see each competitions/competition-N.yml for the round-specific pool.


Competition 1 — Inaugural ($17,000 total)

Place Total Builder payout (upfront) Maintenance funding (3 × month)
🥇 1st $10,000 $4,000 $2,000 × 3 months
🥈 2nd $5,000 $2,000 $1,000 × 3 months
🥉 3rd $2,000 $500 $500 × 3 months

Competitions 2 & 3 ($11,000 each)

Place Total Builder payout (upfront) Maintenance funding (3 × month)
🥇 1st $6,000 $2,400 $1,200 × 3 months
🥈 2nd $3,500 $1,400 $700 × 3 months
🥉 3rd $1,500 $375 $375 × 3 months

How the payout schedule works

Prizes are milestone-based. A portion is paid upfront (after the 7-day verification window) and the rest is paid monthly for three months, each month gated on a maintenance milestone.

Month Milestone Payment
0 Demo day → 7-day verification → upfront payout Builder payout
1 Mini App remains live and functional Month 1 maintenance
2 Mini App live + critical bugs fixed + community feedback addressed Month 2 maintenance
3 Mini App live + meaningful update (new feature, UX improvement, or performance gain) + brief status summary Month 3 maintenance

If a milestone is missed in a given month, that month's payment is forfeited — but previous payments are not clawed back (unless there's a rule violation). The goal is to fund real products, not one-shot demos.


Optional bounties ($50,000 separate pool)

Ten thematic bounties run in parallel, $5,000 each. The first builder to reach 1,000 verified unique earners in a bounty category claims the reward.

Bounty Category
Survey-to-Earn Users earn by completing surveys
Validate-to-Earn Users earn by validating data or claims
Play-to-Earn Skill-based games with rewards
Learn-to-Earn Educational content with earning
Test-to-Earn User testing and feedback
Write-to-Earn Writing and content creation
Design-to-Earn Design and creative work
Translate-to-Earn Translation and localization
Tag-to-Earn Data labeling and tagging
Code-to-Earn Open-source contributions

A bounty is independent of the round placement — you can win both. Bounties stay open until claimed.


Payment details

  • Currency: USDT (Tether), paid on Polygon unless another supported network is mutually agreed.
  • Wallet: we pay to the Nimiq wallet address you submitted in submission.yml. Triple-check it before submitting.
  • Timing: upfront payment within 7 days of demo day (after verification). Maintenance payments within 7 days of each monthly milestone check.
  • Taxes: prizes may be taxable income in your jurisdiction. You are responsible for reporting and paying any applicable taxes.
  • Compliance: we cannot pay to wallets linked to OFAC-sanctioned jurisdictions.

Changes between rounds

Prize amounts may change between rounds based on funding availability. The amounts in this document are a reference; the binding amounts are always in each round's competitions/competition-N.yml.