Some Pros and Cons of Including Bitcoin in CrossFit Competition Prize Purses
The Rogue Invitational has the second largest prize purse of any CrossFit competition, behind only the CrossFit Games, due in part to some creative thinking by the team.
Remind me: The Rogue Invitational prize purse is derived from eight sources:
- Rogue has provided a 1 million dollar cash investment.
- $275,000 of Bitcoin purchased at $16,000 per coin. Any growth on this coin will add to the purse and will be paid out at the valuation at the time the prize purse is locked.
- $5 per attendee ticket sold will be added to the purse.
- 10% of registration fees for the 2023 online qualifier, “The Q.”
- 10% of registration fees for the 2023 community event, “The C.”
- NEW: $5.00 for every Rogue Invitational T-shirt sold.
- NEW: $5.00 for every pair of GORUCK Ballistic Trainers sold on roguefitness.com.
- Sponsors will have the ability to make direct contributions to the purse.
The current value of the prize purse is at $1,491,259 with the first place man and women each receiving $256,496, which is more than double of what the second place finisher at the CrossFit Games received this year ($125,000).
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