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A cryptocurrency project named POIDH is offering a substantial reward of 10 million DEGEN tokens, valued at approximately $28,000, to anyone who can break the Guinness World Record for the most skateboard kickflips in one minute. This initiative aims to incentivize real-world achievements through crypto bounties, drawing attention from both amateur and professional skateboarders.
Key Takeaways
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A crypto project, POIDH, is offering 10 million DEGEN tokens (worth ~$28,000) for a new Guinness World Record in skateboard kickflips.
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The current record stands at 36 kickflips, set in 2012 by Ricky Glaser.
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Participants must achieve over 36 kickflips in 60 seconds and provide verified video proof to claim the bounty.
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The bounty is funded by a decentralized autonomous organization (DAO)-like structure, allowing contributors to reclaim funds if the bounty isn't claimed.
The Challenge
The goal is to perform more than 36 kickflips within a single minute. A kickflip involves an ollie combined with a foot flick to rotate the skateboard 360 degrees along its longitudinal axis while in the air. This feat requires significant skill and stamina, with even professional skaters finding the target challenging.
Verification Process
To claim the bounty, participants must submit unedited video evidence that includes a visible timer. Crucially, the record must be officially verified by Guinness World Records. The submission must also include the phrase, "This is for DEGEN."
POIDH and Decentralized Bounties
POIDH, which stands for "pics or it didn't happen," operates on the principle of incentivizing real-world actions with cryptocurrency. The project is supported by a community of DEGEN token holders, including a group known as The Haberdashery. This model functions similarly to a DAO, where contributors can vote on payouts and reclaim their funds if a bounty is not successfully claimed. POIDH charges a 2.5% fee on completed bounties.
The value of the bounty fluctuates with the price of the DEGEN token and the amount of funds contributed by users. While the bounty was initially worth $28,000, its value can change. The project has seen success with other, smaller bounties, with over 1,400 successfully completed out of 2,500 created.
Notable Interest
The current record holder, Ricky Glaser, has expressed interest in the bounty. Professional skateboarders like Dave Bachinsky and Alex Decunha have also been noted as potential participants. Skaters like JD have already shared videos of their attempts, showcasing the difficulty of reaching the required number of kickflips.
This unique initiative blends extreme sports with the innovative potential of cryptocurrency, aiming to create a memorable real-world event funded by digital assets.