Competition Enrollment

Crowdfunded Competitions

This page outlines the process of creating and joining crowdfunded competitions on the Arena DAO platform.

Creating a Crowdfunded Competition

1. Competition Details:

   • Specify the competition name, description, and category (e.g., gaming, sports, e-sports)

   • Set the start and end dates for the competition

   • Determine the minimum and maximum number of participants

2. Entry Fee and Prize Pool:

   • Set the entry fee for participants (e.g., $10)

   • Define the target prize pool based on the entry fee and maximum participants (e.g., $1000 for 100 participants at $10 each)

   • Specify the minimum number of participants required for the competition to proceed

3. Prize Distribution:

   • Determine the prize distribution structure (e.g., winner-takes-all, top 3 places, or a more complex tier system)

   • Specify the percentage of the prize pool allocated to each winning position

4. Competition Rules and Guidelines:

   • Clearly outline the rules and guidelines for the competition

   • Specify any entry requirements, such as minimum skill level or geographic restrictions

   • Define the competition format (e.g., single elimination, round-robin, or a unique structure)

5. Publishing and Promotion:

   • Review and confirm all competition details

   • Publish the competition on the Arena DAO platform

   • Promote the competition through social media, gaming communities, and other relevant channels