On Layer3, Contests enable users to compete with fellow contributors in order to earn XP, crypto, and governance tokens. For a detailed walkthrough on how to create a contest, click here.
What are they?
Contests are designed so that contributors can seamlessly contribute to a DAO without the downsides of lengthy onboarding processes. For DAOs, it's easy to pitch a task to multiple contributors and reward the submission you like best.
How do they work?
DAOs and/or communities upload a contest with a required task
Contributors can view the requirements for each contest and submit their deliverable within the allocated time period
DAO and/or community members will decide on the winning submission
The winning contributor is automatically paid out in the community's chosen token