...
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, plus an additional 1 FIO to cover gas fees (4.2919 total), 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. When the user enter’s their FIO Address, a script checks to see that they are legitimately part of the Pass the Torch chain by checking the FIO blockchain. If they are, then an additional 1 FIO is sent to that same FIO address (from the Foundation) to cover their gas fees for passing the torch forward.
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.
...