A very good initiative. But how will you authenticate the posts? I am a little curious.
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If you check the video there are some suggestions on how to authenticate an account or an identifity. We realize there is a way to go around this and the contest could be rigged, which is exactly why we ask for a reputation minimum and for them to be an active part of a community. Any user who ends up in the top 5, will go through a more thorough research, both the user and the accounts he invited to join.