X Awards Over $2.5M in Long-Form Content Contest

X Awards Over $2.5M in Long-Form Content Contest

X’s expanded U.S.-only contest recognized Beaver’s viral Deloitte investigation, which also boosted his SS meme token tied to SomaliScan’s crypto-friendly donation model.

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Fact Check
The assessment is primarily based on one highly authoritative and directly relevant source that explicitly confirms all elements of the statement. This source states that X distributed 'over $2.5 million' to creators for a long-form article contest. This is corroborated by several other, albeit lower-authority, sources that confirm the existence of a 'prize pool' and 'prize money' for long-form content on the X platform, establishing a strong contextual basis for the claim.There is one piece of conflicting evidence from a tech news article, which reports a '$1 million prize' for a similar contest. While this introduces a contradiction regarding the specific amount, this source has a lower authority rating (0.60 vs. 0.75) than the primary supporting source. Furthermore, it does not preclude the possibility of multiple contests or a prize pool that grew over time. Given that the most authoritative and relevant source directly supports the 'more than $2.5 million' figure, the evidence weighs heavily in favor of the statement being true. The remaining sources are irrelevant as they mention the '$2.5 million' figure in completely unrelated financial or legal contexts.
Summary

X awarded the $1 million grand prize in its expanded $2.15 million U.S.-only longform content contest to Beaver for an investigative Deloitte report that drew 45 million views. The contest required 1,000+ word original submissions, with paid-user Home timeline reads determining winners. Beaver, who had issued the SS meme token for SomaliScan, saw the token rise in value after the article’s release and again on award day. SomaliScan accepts donations in BTC, ETH, SOL, and XMR.

Terms & Concepts
  • Long-Form Content: Extended written or multimedia material designed for in-depth exploration of a subject, often exceeding typical article length.
  • BTC: Ticker symbol for Bitcoin, the first and largest decentralized cryptocurrency.
  • ETH: Ticker symbol for Ethereum, a decentralized blockchain platform featuring smart contract functionality.