A few comments before the contest really kicks off.
Zpectrum's suggestion above this is a must.
I will accept the 3 best submissions and will pay in BTC for the best entry.
So you'll take the best three submissions and pay them? Or is there only one prize? Your current statement sounds like you'll take the 3 best submissions for yourself and pay one.
Also, although it's not necessary, I'm sure it won't hurt if you link the light/dark transparent PSDs of your logo.
Best of luck.
The dark bg and transparent are both in the link.
Yes, I will pay the best 3 entries. Only one will be choosen, but I will reserve the right to pay for more if they meet quality standards I look for.
The payment is between 50 to 100 dollars in BTC, depending on quality. There can also happen that not enough entries of quality are made, so I have to reserve the right to not choose any winners.
However, if winners are chosen they will be paid accordingly.