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Core Features

  • Challenge Creation: Creators define off-chain metadata (banner, title, description, category) and on-chain parameters (entry fee, submission, commit and reveal deadlines). Only essential parameters are stored on-chain to save gas.
  • Verifiable Submissions: Participants pay the entry fee to submit entries, all cryptographically verified for authenticity.
  • Commit-Reveal Voting: Voters first commit their choices, then reveal them later. This prevents vote manipulation and ensures fair outcomes.
  • Reward Distribution: After voting ends, the winning entry creator is paid automatically. Voters who backed the winner can claim proportional rewards based on their stake.

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How It Works

  1. Create a Challenge → define metadata and on-chain parameters.
  2. Submit Entries → participants pay the entry fee and upload submissions.
  3. Commit Votes → community members lock in their vote choices.
  4. Reveal Votes → voters reveal their commitments.
  5. Resolve & Claim Rewards → the winner is determined automatically, their prize is sent and supporting voters can claim rewards.

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Benefits

  • Creators: Launch challenges quickly without funding a reward pool upfront.
  • Participants: Compete for rewards generated entirely from entry fees.
  • Voters: Earn rewards for backing the best entries, using a fair, manipulation-resistant voting process.

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Technology

  • Smart Contracts handle rules, voting and payouts.
  • Commit-Reveal prevents front-running and vote manipulation.
  • Web3 Integration ensures seamless wallet-based interactions.
  • Off-Chain Metadata reduces gas costs while preserving transparency.
ChallengeMarket combines blockchain fairness with a simple interface so anyone can confidently create, join and vote on challenges knowing results are transparent and enforced automatically.