$20 is a reasonable amount, but this could dissuade some participants from participating. I still feel that $10 should be the entry fee just like last year since a bullish market doesn't necessarily mean that all investors profited from it.
The lower entry fee could help accumulate more participants which could probably be more profitable when compared to fewer participants paying a higher entry fee. Just my 2 cents.
I think $20 would not look much of an amount if we are able to manage some good amount of prize money from the sponsors. Imagine a pot worth of $2k or $3k. You are being a part of it by paying only $20 which is a lot if one consider the return.
Anyway guys, let's focus on finding sponsors now.
Now I need you guys to help me on finding sponsors. My goal is to manage a main sponsor who will put minimum $2k in the prize pot and for the side sponsors (4 small banners at the bottom) maybe $300 each?
PS: I would appreciate your efforts and let's put a price for it. If anyone brings a sponsor then 5% will be given to you to honer your efforts. These days I am not much into Telegram so Forum PM or publicly make a post about your source and also tell them to PM me on the forum if they are interested to sponsor our pool.