If your wallet is connected to Ethereum, you’ll then be asked if you want to switch to a different, cheaper Ethereum L2. Here, you can opt to create a contest from scratch if you want more customization, or you can choose from a series of templates—e.g. Start your Crypto journey with Binance, the world’s premier Crypto exchange, trusted by millions worldwide for secure and reliable trading.
Jokerace utilizes joke NFTs as governance tokens, serving as membership tokens for the Jokerace community. These tokens grant membership access and participation in the contests. The platform also allocates rewards, like a USDC pool, to incentivize engagement and activity within the community. JokeRace supports a wide range of applications, scaling from small local initiatives to large international projects. The platform enables contests that serve as tools for idea selection, team formation, grant allocation, and community activation.

Platform Functionality

Participants cast votes for their preferred entries, paying a set amount. 70% of the collected funds form a shared reward pool distributed among those who supported the winning entries, while the remaining 30% goes toward platform development and maintenance. What makes JokeRace interesting compared to offchain contest platforms is that it offers things they can’t, like programmatic rewards, open composability with 3rd-party apps, onchain reputation, etc. This multi-role approach transforms JokeRace into a starting point for hosting a variety of events — from cultural battles and creative competitions to strategic governance decisions within DAOs. Each role gains both functional tools and incentives for active participation and long-term engagement.

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This sets it apart from traditional voting systems, making the process both democratic and financially rewarding. JokeRace is an on-chain contest platform that empowers communities to not only drive engagement but also generate income from the participation process itself. Users can set up contests in seconds, choosing eligibility criteria, voting formats, and presentation styles. All data and votes are recorded on the blockchain, ensuring immutability, transparency, and freedom from third-party intermediaries. Initially conceived as a lighthearted voting game that went viral, JokeRace has evolved into a fully-fledged platform capable of hosting hackathons, grant competitions, and various other events.

  • Now you’ll immediately be greeted with the “My Rewards” dashboard where you can toggle on self-funding for your contest—just choose the “Send all charges to the rewards pool” option and press “Next.”
  • A key element is the flexibility of the technical structure, allowing new features to be added without rewriting the core system.
  • Users can set up contests in seconds, choosing eligibility criteria, voting formats, and presentation styles.
  • JokeRace represents the evolution of contest platforms, bringing community engagement into the blockchain world where a vote becomes currency and a decision is both a social and financial act.
  • This makes the platform particularly appealing to teams looking to experiment with interaction formats and increase audience engagement.

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ZED Champions is the new evolution of Zed Run with automated races, the $ZED token on Base, strategic breeding mechanics, and an active Web3 community. A tool designed for managing and tracking assets across the Starknet ecosystem. A digital wallet integrated into the Opera web browser, enabling users to send, receive, & store crypto. Now, you’d press “Next,” then “Create Pool,” and complete the three ensuing deployment transactions as prompted, and voila! That’s how simple it is to make a contest on JokeRace that has rewards without needing any money upfront. The big idea is to let communities “run, grow, and monetize” with DIY contests that can be deployed in minutes on basically any Ethereum Virtual Machine (EVM) chain.
The project offers a decentralized ecosystem that values high-quality content and fair monetization, giving creators freedom and control over their work. A key element is the flexibility of the technical structure, allowing new features to be added without rewriting the core system. This makes JokeRace not just a contest tool, but a programmable interaction layer between blockchain infrastructure and user experience. And it’s a resource now available to any project, big or small, in the Ethereum ecosystem, with the use cases ranging across bounties, hackathons, grants, polls, and beyond. JokeRace is the contest protocol for communities to run, grow, and monetize by deploying a contest on any EVM chain. Contests enable communities to earn by submitting and voting on entries.

  • From time-to-time we may add links in this newsletter to products we use.
  • JokeRace is an innovative on-chain contest platform for communities, enabling them to create, host, and monetize competitions with audience participation via crypto transactions.
  • The platform, powered by on-chain governance, is separate from JokeDAO, though both stem from the same founding team.
  • Immersed in Ethereum since 2017, he writes the Metaversal newsletter on the onchain frontier, covering everything from AI projects to crypto games, as the team’s lead NFT analyst.
  • Thanks to on-chain transparency, flexible configurations, and the absence of intermediaries, the platform appeals equally to creative groups, technical communities, and commercial organizations.
  • The smart contract–based architecture grants developers and community administrators full control over contest logic, while the API layer allows seamless integration with other Web3 services.
  • Initially conceived as a lighthearted voting game that went viral, JokeRace has evolved into a fully-fledged platform capable of hosting hackathons, grant competitions, and various other events.

JokeRace’s funding and investors

Jokerace, a community-driven contest platform by JK Labs, enables Web3 communities to create, submit, and vote on proposals for various use cases. The platform, powered by on-chain governance, is separate from JokeDAO, though both stem from the same founding team. Jokerace features modular contest options, integrated voting, and reward distribution mechanisms across EVM-compatible chains, supporting applications in grants, governance, and curation. The redesigned v3 version eliminates token voting, making the process entirely on-chain. This redesign enhances discoverability and features contests on the front page.
First, on jokerace.io you can either connect an existing wallet to get started or automatically create one through Para and fund it via card, Apple Pay, or Coinbase. If you want to learn more about the intricacies of JokeRace, I recommend diving into the platform’s FAQ. But this self-funding tech is simple to try even as a newcomer. The latest Ethereum and L2s apps, tools and resources, sent to your inbox once per month.
It’s free for you to create a contest, and you can customize who can vote—or let anyone vote by paying per vote. We split charges from entering and voting 90/10 (you keep 90%) so you’ll make money. You can keep it, put them back into the rewards pool to enable self-funded contests, or send to a smart contract that can perform actions on behalf of players.

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Use cases include hackathons, game shows, grants, awards ceremonies, “best tweet/meme/essay” competitions, bounties, persuasion games, feature requests, group decisions, elections, amendments, etc. All of these have directly or indirectly enabled onchain-native, user-generated marketing onchain projects to run, grow, and monetize. This makes the platform particularly appealing to teams looking to experiment with interaction formats and increase audience engagement. JokeRace is built as a fully on-chain and open-source project, with each contest deployed as a separate smart contract. This ensures maximum transparency, independence from centralized servers, and resilience against external rule changes. The smart contract–based architecture grants developers and community administrators full control over contest logic, while the API layer allows seamless integration with other Web3 services.

How JokeRace enables communities and chains to run, grow, and monetize contests

At this point, you’ll be asked to configure your winner and rewards settings. I’ve set my contest up with 4 placement ranks and with 40% of accrued funding slated for the 1st place entry, but you have total flexibility here to customize your settings however you want. Now you’ll immediately be greeted with the “My Rewards” dashboard where you can toggle on self-funding for your contest—just choose the “Send all charges to the rewards pool” option and press “Next.” For my contest, I uploaded a preview image, set my title, summarized my contest and voter info, and then added my Farcaster profile as a point of contact for participants. You can also toggle into the “Advanced Settings” if you want to customize jokerace casino the total entries and entries per player allowed. Doing this routes 70% of all the payments from votes into a prize pool.

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