Running your Donate-to-Win Challenge on Hyype Space
Within the Hyype Host Portal, Charity Hosts can create Donate-to-Win Challenges which allow them to set an entry fee for Members and earnings are split between the Charity and top entries at the end of the Challenge.
Select to Create a Donate-to-Win Challenge
In the Hyype Host Portal, choose to create a Donate-to-Win Challenge to begin the Challenge creation process. (Note: this type of Challenge is only available to hosts that are approved Charities)
Input your entry fee in tokens
During the Challenge creation process, you are prompted to input the token amount for your entry fee. This is the amount of tokens that each entrant will have to pay in order to enter your Challenge.
Submit your Challenge for Approval
Once you complete the Challenge creation process and checkout, your Challenge is reviewed by the Hyype Space team before going live on the Hyype Space mobile app
Run your Challenge
Members enter your Challenge and give claps or Thunderous applause to their favorite entries. With each entry in the Challenge, the prize pool and the amount raised for the Charity increases. As the Prize Pool increases, the Prize amount for the top 3 positions increases proportionally until their value is maxed out. Next, the prize value for positions 7-10 increase equally until they reach their maximum. Finally, if the top 10 prize values are maxed out, the remainder of the prize pool is allocated to the next position that is not maxed out until that position prize value is maxed out and the prize pool is fully allocated.
Fulfill prizes and receive funds
At the end of the Challenge, after all the claps are tallied and prize pool is fully allocated, the prizes are sent by Hyype Space to each position with a prize pool allocation and the funds raised are sent to the Host Charity.