Crypto Bounties Redefine Incentives: $28K for Verified Skateboarding Milestone

POIDH, a blockchain-based bounty platform, has launched a $28,000 DEGEN token reward for anyone who can break the Guinness World Record for the most skateboard kickflips in one minute. The challenge, currently held by Australian skater Ricky Glaser with 36 kickflips since 2012, has attracted interest from professional skateboarders, including Glaser himself and others like Dave BachinskyPOIDH Offers 10M $DEGEN Bounty for Skateboard World Record^[1]. The platform, which operates under the mantra “pics or it didn’t happen,” requires participants to submit unedited video proof, include a visible timer, and receive official Guinness World Records verification before claiming the reward.

The bounty is structured as a decentralized initiative, pooling 10 million DEGEN tokens—a meme coin primarily used in the Farcaster and Base ecosystems. Contributors can withdraw their funds if the record remains unbroken, mirroring a decentralized autonomous organization (DAO) model. POIDH founder Kenny emphasized the project’s alignment with crypto’s potential to incentivize real-world actions, noting that the bounty’s value fluctuates with DEGEN’s price and user contributions. The platform has previously hosted skateboarding contests and daily bounties, but this is its largest reward to datepoidh - paragraph.com^[2].

The physical challenge is formidable. Skaters must execute 37 or more kickflips in a minute, a task described as “tiresome” even for experienced athletes. JD, a participant who achieved 26 kickflips in 39 seconds, highlighted the difficulty of maintaining form and endurance beyond 25 repetitions. Meanwhile, Alex Decunha, who claimed to surpass Glaser’s record in 2021, remains unverified by Guinness, underscoring the platform’s strict verification process.

POIDH’s approach blends crypto innovation with grassroots sports culture. The bounty was boosted to 35,000 DEGEN tokens by community members, including The Haberdashery, a group of DEGEN holders. Kenny, who also co-founded The Haberdashery, likened the project to ConstitutionDAO, a failed 2021 effort to purchase a U.S. Constitution. Unlike traditional DAOs, POIDH allows contributors to self-custody funds and vote on payouts weighted by their stake.

The initiative reflects DEGEN’s growing role in the Base ecosystem. Originally airdropped to Farcaster users in 2024, DEGEN has surged 1,500% in a month, reaching a $212 million market cap. Its integration into projects like Drakula and Superfluid highlights its expanding utility beyond social media rewards. POIDH’s kickflip challenge, however, marks a novel use case—leveraging crypto to fund physical world records.

As of the latest update, 2,500 bounties have been created on POIDH, with 1,400 completed. The platform charges a 2.5% fee on successful claims, ensuring liquidity for its operations. With the Paris 2024 Olympics and skateboarding’s rising popularity, the challenge could attract global attention, blending crypto’s speculative nature with athletic achievementKickflips for Crypto? This Project Will Pay $28K for a Guinness …^[4].