I've decided to introduce a new concept here on chess.com. We'll see how it goes...
This is an online tournament with a cash prize fund!
Here's the flyer:
Super Saturday Showdown
When: Saturday, May 2 - Starts at 9PM EST
Where: chess.com Live Chess server
Type: 6 Round Swiss
Entry Fee: $1 (Usd)
Time Control: 3 minutes + 2sec increment
Prizes: Based on entries. 100% of entries returned to the prize fund.
Prize Structure: 1st - 50%, 2nd - 30%, 3rd - 20%
Other: Anonymous registration. Entrants will be announced when the events begins. PM me (ih8sens) to register. I will be organizing, not playing.
If you have any questions feel free to reply to this thread or PM me!
This is a new concept. Anonymous entry has been introduced to limit withdrawals when stronger players register. Prizes will be paid via paypal within an hour of the event ending. Should any issues with this trial run arise, Street Chess reserves the right to return entry fees to all entrants and cancel the event at any time.
Message me privately here on chess.com for more information about registering for this event. Registration closes 30 minutes prior to the event.
For those interested in joining this and/or other events like this, please join this group! Thanks!