There is currently a total of $100,000 in funding for the prize, so up to that much will be awarded, total. (There is obviously some possibility that it will receive further funding if many prizes are given out, and funders see it as valuable enough to fund further.)
It’s two years’ salary!
It’s not a single prize—as the examples show, individual prizes are likely in the $5-10k range.
Thank you—why would they say in the title is a $100k prize???
There is currently a total of $100,000 in funding for the prize, so up to that much will be awarded, total. (There is obviously some possibility that it will receive further funding if many prizes are given out, and funders see it as valuable enough to fund further.)
Sure, but that’s not what it means to advertise a “$100,000 prize”
Agreed, this definitely should have been clearer.
I suggest “$100k prize pool”
Good suggestion! Updated the description.
The post says individual prizes are $5k-$10k. I’m not sure why the post title says $100k—maybe that’s the total amount of prize money available.
Thank you—why would they say in the title is a $100k prize???
Yes, that is the total funding currently available.