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RE: THINKING ABOUT ORGANIZING A WRITING CONTEST? HOW WOULD YOU MANAGE A 300 STEEM BUDGET?

in #steemit6 years ago

I'd have top 3 prizes, then Top 5 prizes and top 10 prizes, in the sense that top 3 are much greater than the 4th and 5th place which are greater than the 6th to 10th place, while each tier has amounts close together. Then I would say the the rest of the prize pool will be equally distributed to all remaining participants. This means that it will have to be significantly less than the other prizes, and it also leaves room for 20 people to receive a nice little amount, or 100 people to receive a small token amount.

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Thank you @binkyprod for your feedback.

Yours
Piotr