Prize money tournaments

It's really great that lichess is sometimes organizing prize money arena tournaments and I appreciate your effort to make this serve even better. However, I think that prize money for most of those tournaments seem to be too high (200 $). It should be better to make more prize money tournaments with lower amounts of money (10$ or 5$) because the main point is to motivate more players to come and have fun not the amout of earings.

You are right and this is going to happen.

Currently we are working on a new website with, once we are done we going to launch 2 tournaments each day with 10$ prize money each tournament.

Give it 1-2~ weeks.

I think this will be a very good idea.

@BitChess

Seems the "new site" with the daily offering of prize money will need to make a minimum profit to pay for added expenses.
A couple of questions. From where will the prize money come ? (entry fees?) and 2nd, will the site be able to continue using the .org designation (non-profit status?) Thanks

1 year ago..... old thread.....