Contests

Note: This page will cover how to create & fund contests as an admin. For more information on how contests work including how to participate, visit the Contests category here.

What are Contests?

Contests on Common are adaptable, community-hosted competitions that utilize meme coins and other tokens for actual transactions.

Community members can showcase their best ideas and submissions, and the thread with the most upvotes at the end of the Contest wins the prize money funded by the admin. Contests incentivize community contributions and offer a thrilling, transparent system to reward participation.

How to Launch a Contest

Note: Only community admins can launch contests.

Step 1: Create a Topic and set up Weighted Voting

You’ll have two options for weighted voting:

1. ERC20 Token Voting from supported chains

2. Community Stake Voting, specific to your community

   1. By default, Community Stake Contests are recurring

Step 2: Create Your Contest

1. Go to Admin Capabilities → Contests

2. Click on "Launch a Contest" to start building your desired Contest

3. Choose a topic to run your Contest within

4. Input a descriptive name that clearly indicates the desired action (e.g., "Pitch essay ideas for our blog" or "Send us the best memes").

5. Select or generate an image that reflects your brand identity. This will help visually engage participants and set the tone for the Contest.

6. Define the duration of your contest (1-7 days)

Step 3: Define your Rewards

Select the prize payouts and number of possible winners. The top upvoted threads in the active Contest topics will win, with up to 10 winners sharing the prize.

Step 4: Launch your contest!

Hit "Launch" to kick off your contest and let your community unleash their best submissions for a chance to win big!

Step 5: Automatically Reward Your Community Members

After the chosen contest duration, your Contest will end, and winners will be automatically rewarded! Prize money will be distributed to the winning threads as set by the admin.

Contest Rewards

• ERC20 Token Contests: Winners are rewarded directly from the provided token address.

• Community Stake Contests: By default, winners are rewarded in ETH.

How to Fund Contests

After the contest is launched, an option will be given to fund the contest. You can also fund the contest later by clicking on Admin Capabilities → Contests then click “fund” on the contest card.

Admins have two different ways of funding Contests:

1. By using direct deposits with your community’s primary ERC20 token

2. By utilizing fees from community stake

Note: Common takes a 10% fee on all contest funds.

Contest Tips:

• Only threads posted in the contest topic while the contest is active are eligible for contest prizes. If there are pinned posts in the contest topic we recommend unpinning them for the duration of the contest as community members may mistakenly vote for these pinned posts.

• Utilise the topic description to further communicate what the contest is about and how to participate