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As we all await the Arrival of EOS, it is important to remember the power of the technologies we have sitting right in front of us. BitShares and Steem are still the two biggest chains in cryptocurrency and EOS is going to be able to house 1000's of Chains with similar requirements. This is an important distinction between EOS and its competitors...but the market doesnt understand the value proposition for a token in something that does not yet "exist". However, Steem and Bitshares are in a great position to leverage their own existing use cases and powerful transactional infrastructures to show the market how valuable EOS is, while also setting themselves up to be the respective "leaders of the pack" for both Coverage (Steem) and Trading (BTS) of EOS chains.

So in the spirit of Voltron let us begin this competition of skills and imagination that is called the EOSBIT Logo Contest!

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EOSBIT has been chosen for a Logo Contest!

Of course many platforms offer the capability to pay for others to make a number of logos, but where is the fun in that when there is a platform where I can leverage cryptocurrency and a community of cryptocurrency lovers..?

This is even more true when the people who wish to join in the fun are also people who will accept my own Proto-SMT token, the Beyondbit, in return for their efforts! I look forward to seeing more!

So before we get onto the Instructions for the Logo Contest, Let's dig into the concept behind this new proto-token called the "EOSBit"...

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What is an EOSBIT?

*An EOSBIT is a Bandwidth token. A Bandwidth token is a token/ticket backed by a % of bandwidth owned in the EOS network. Since this token will be backed by a specificied amount of bandwidth in the EOS ecosystem, it will be possible to gain acceptance of these tokens in place of payment to use Beyond Bitcoin Partner Decentralized Apps (DApps). As bandwidth is a limited resource, these tokens will be worth a specified amount of bandwidth soon after the release of the live EOS Chain Launch.

These tokens are intended to gain value based on a market for bandwidth and partner DApps' accepting them as payment for services/perks. We live in a world where bandwidth on networks is accepted as a ubitquitous resource. EOS is the next stage of Blockchain-basesed IOT infrastructure and will solidify the value proposition of "Bandwidth Tokens" as we begin truly building Voltron...

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Logo Contest Instructions:

• Entries must be 1000 px x 1000 px square
• Entries must be in .png/.jpg format with a clear background
• Entries must include the bitshares logo
• Entries must create the EOSBit Token Art using the EOS Logo as a Base
• Entries must include screenshots showing the process of creation (to verify uniqueness)

Prizes for the first 2 rounds are:

• 1st prize: 250 beyondbits + 2 EOSBits
• 2nd prize: 150 beyondbits + 1 EOSBit
• 3rd prize: 100 beyondbits + 1 EOSBit

Prizes for the final round are:

• 1st prize: 350 beyondbits + 2 EOSBits
• 2nd prize: 250 beyondbits + 1 EOSBit
• 3rd prize: 150 beyondbits + 1 EOSBit

To enter, upvote and resteem this post and post your entry in the comments. Each user can submit up to Three Unique Entries per round. The winner for each round will be chosen one week after initial post. Happy steeming!

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Payouts Go out After Post Payout!

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BeyondBit vote tokens are on BitShares! So make sure you have a BitShares Wallet to receive and send them for upvotes on your steem posts!

Download BitShares Wallet

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