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LOS ANGELES, CA, May 29, 2014 /24-7PressRelease/ -- It's easy to promise an award when there is little chance of anyone actually winning. That was Warren Buffet's strategy in offering $1 billion for the perfect NCAA bracket during March Madness. Warren Buffet's bracket contest was co-sponsored by Quicken Loans in order to offer the unbelievable prize. As it turned out, it couldn't be believed after all: by the end of March there were no winners. Contestants with the top 20 closest brackets did win a consolation prize of $100,000 each. That's a pretty good reward, but nowhere near the prize the contestants hoped to win.
Mega Justo, a new start-up in the contest industry, just announced their own $100 million prize for the best bracket at this year's World Cup in Brazil, beginning June 12, 2014. The difference is that one contestant, or a group of contestants, will definitely walk away with the prize. The chance of winning is 100 percent in Mega Justo's 100 million dollar bracket, because if there is no perfect bracket, the prize will be split among those who picked the most winning teams. A winning opportunity like that doesn't come along very often.
Until now, international sports brackets were not possible due to complications involving communications, financial transparency and other legal restrictions between the many different countries involved. The main obstacle has been the problems associated with converting the currency of the prize money. All this has changed because Mega Justo is offering the grand prize of $100,000,000 in Bitcoins, which amounts to approximately 280,000 Bitcoins at current exchange rates, subject to change. However, because Bitcoin is not treated as a currency, it can easily be converted to the currency preferred by the winner or group of winners. The contestants and their brackets will be posted online at the Mega Justo website along with official World Cup Brazil 2014 winning statistics. Thanks to Bitcoin's transparency, all the funds collected or spent will be publicly posted for the world to see.
A New Kind of Global Contest
There are two very unique characteristics about Mega Justo's contest. First of all, a minimum of 99,000,000 tickets will have to be registered before the start of the World Cup or the contest will not be held. Deposits made would be refunded upon request in that event.
The other wholly unique feature is that any profits from tickets past the 100,000,000 mark will be given to a charity collectively chosen by contestants. Each ticket buys voting rights in selecting the charity. This gives contestants the ability to live well and do good at the same time.
The world is ready for a new kind of sports bracket contest where someone can actually win the prize. Winning the 2014 World Cup Brazil contest will depend on knowledge of world teams, the latest World Cup news and a bit of luck in building a winning bracket. Mega Justo is committed to making sure that every contestant in their $100,000,000 Social Sports Bracket Contest has a real shot at the grand prize.
Mega Justo's was created with a mission to introduce the first fully functional global contests using Bitcoin. The company is passionate about making certain that their contests are fair, the rules are clear and the finances are transparent. Their contests bring together the excitement of rooting for sports teams with the guaranteed delivery of massive, Bitcoin-powered payouts. Mega Justo believes that astounding prizes and an unbeatable game selection should be easy to understand and available to everyone around the world.
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