Frequently Asked Questions
HOW DOES IT WORK?
There will be 50 treasure hunts, one in every state, followed by one more nationwide hunt for all of the state winners. The winners of the first 50 treasure hunts will each win their choice of a cold wallet with $5,000 worth of Bitcoin, or a check for $5,0000. Those 50 winners will go on to compete in the final MILLION dollar chase for $1,000,000 worth of Bitcoin.
HOW MUCH DOES IT COST?
Registration is $50 per state hunt. Your registration includes entry into your selected state’s $5,000 KryptoChase Treasure Hunt, plus instant access to our beginner-friendly Getting Started with Cryptocurrency eBook. After signing up, you’ll receive an email with your ebook download link and all the details to your hunt. Click HERE to register today!
CAN I ONLY PARTICIPATE IN THE TREASURE HUNT IN MY STATE?
No! You can register for and participate in as many of the treasure hunts as you would like to. Go HERE to register today!
WHEN WILL THE TREASURE HUNTS TAKE PLACE?
The treasure hunts will happen shortly after 1,000 participants register in any given state. The dates for the treasure hunts in the each state will be announced as registrations fill up.
HOW WILL THE CLUES BE GIVEN?
After registering, you’ll download the Skavengerz app and create your account using the same email address you used for hunt registration. On the morning of the hunt, clues will be released in the app at 8:00 AM local time.
The clues will typically be presented as riddles, and participants must solve each one in order to uncover the next step and ultimately track down the hidden treasure. Every clue brings you closer to the $5,000 prize — so sharpen your problem-solving skills and get ready for the chase!
HOW LONG WILL THE TREASURE HUNTS TAKE?
Although we can't predict with certainty how fast the riddles will be solved and the treasures found, we anticipate that the hunt will take 48-72 hours. If no one has claimed the prize by Sunday morning at 8am, we will release some clues that should ensure that someone is able to solve the riddle and find the treasure by Sunday evening.
WHAT EXACTLY IS THE TREASURE?
In the case of the 50 state treasure hunts, the winner can choose between a crypto-currency "cold wallet," which contains $5,000 worth of Bitcoin, or a check for $5,000. For the final treasure hunt, the treasure will contain a cold wallet worth $1,000,000 in Bitcoin.
HOW WILL THE WINNER BE ABLE TO ACCESS THE COLD WALLET, CONTROL THE BITCOIN, AND CLAIM THE PRIZE?
As soon as the hunt concludes and a winner is confirmed, they will be contacted by us and instructions will be given. If the winner chooses to take the prize in the form of Bitcoin, a cold wallet will be sent, along with the Seed Phrase needed to access the wallet. Step-by-step instructions will be included, explaining how to use the wallet and how to access the Bitcoin.
WHAT CAN THE WINNER DO WITH THE BITCOIN THEY WIN?
We will not give legal or financial advice, but the winner will control the Bitcoin, with the ability to transfer it to another crypto wallet or account, to sell it, to trade it for other crypto currencies, or to hold it for as long as they choose to.
HOW MUCH BITCOIN CONSTITUTES THE $5,000 PRIZE, AND HOW MUCH BITCOIN CONSTITUTES THE $1,000,000 PRIZE?
The conversion rate has been set as $113,837.70 US Dollars per Bitcoin. At that rate, the state treasure hunt prizes are set at .044 BTC (approximately $5,000) each, and the final prize is set at 8.784 BTC (approximately $1,000,000).