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Create “buzz” and awareness for FIO
Press Coverage
Word of Mouth
Increase FIO Address Registration
Engage current and new users in experiencing FIO
Incentivize wallets that don’t support FIO Data (send/receive) to add it.
Mechanics
The first Pass the Torch Contest will focus on FIO Send and FIO Data only in order to increase the applications which can participate in the contest.
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Foundation passes the “torch” to a known person who the Foundation knows will actively participate and who has registered a FIO Address. The torch is “passed” by sending that person’s FIO Address 3.2919 FIO Tokens and including in the FIO Data a cryptographic key. 3.2919 represents the date that the FIO chain went live.
The recipient goes to a specified web page and enters their FIO Address in order to be included in the prize drawings (and optionally their email address to receive future updates). This website will use strict Captchas to minimize automated entry.
That person is told to pass the torch to at least one other person that they trust will also pass the torch on. They pass the torch in the same manner by sending to the FIO Address of the recipient exactly 3.2919 FIO and the Torch key in the FIO Data.
Users *can* pass the torch to multiple recipients. However, each must have 3.2919 FIO attached which they must fund.
This process continues until a specified date based deadline
The Foundation will publicize a “finish line” FIO Address and on the Finish Line day. Whoever has a copy of the torch on that day sends 3.2919 FIO to the Foundation’s specified FIO Address along with the Torch key in the FIO data within 48 hours.
Given the dynamics of the contest it should run over several months.
Only wallets that support FIO Send/Receive and FIO Data Send/Receive can participate. Lead time might be given to wallets to enable this functionality so they can participate.
Qualifying for Drawings:
The Torch must be successfully sent back to the Foundation on the Finish Line Day
A chain map is pulled showing the path of the transfer of 3.2919 FIO that started with the Foundation and ended with the Foundation.
Every qualifying participant is entered into the drawing. To qualify for the drawing:
The FIO Address must have been entered on the entry website
The FIO Address must be associated with an account in the chain map
The FIO Address must have sent the Torch to another FIO Address within 48 hours of receipt.
The “Torch” from each chain (if it split into more than one) must end with a transfer of 3.2919 FIO back to the specified Foundation FIO Address along with the Torch key in the FIO Data within 48 hours of the Finish Line day.
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