Prize Pool

A prize pool is a smart contract that collects all the subscription payments of the same currency and redistributes them after a 10% fee deduction among those who successfully complete the challenge.

Prize pools have two main characteristics:

1. Currency: The chosen coin/token that users pay their subscription fee with. SnoozUp currently supports ETH, USDC, USDT, and CRO. When a user pays in a specific currency, they become part of that currency’s prize pool and will receive a share of it upon successful completion of the challenge.

1. Duration: How long the challenge runs. Initially, our challenges are weekly, starting on Mondays and ending on Sundays. Prize pool rewards are distributed no later than Tuesdays.