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Crypto Project Offers 10M DEGEN for Kickflip World Record Attempt

Crypto Project POIDH Offers $28,000 DEGEN Token Bounty to Skateboarders Who Break Kickflip World Record

  • A crypto project called POIDH is offering a large crypto bounty to anyone who can break the current Guinness World Record for most skateboard kickflips in one minute.
  • The bounty is worth around $28,000 in DEGEN tokens, a type of meme coin used in the crypto community.
  • Candidates must provide unedited video proof and have their achievement verified by Guinness World Records to claim the reward.
  • POIDH uses decentralized methods inspired by DAOs, allowing funders to take back their contributions if the goal is not met.
  • Several professional skateboarders, including the current record holder and other contenders, have shown interest in attempting the challenge.

The crypto initiative POIDH is putting up a $28,000 bounty for anyone who can perform more than 36 kickflips on a skateboard in a single minute, aiming to set a new Guinness World Record. The project has been running for three weeks and aims to motivate skateboarders by crowdsourcing the prize using DEGEN tokens, a digital coin common among crypto enthusiasts.

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So far, the official record for the most skateboard kickflips in one minute stands at 36 and has been held by Ricky Glaser since 2012, according to the Guinness website. One skateboarder has shared a video of their attempt, and Alex Decunha has previously claimed to beat the record on video, but Guinness only officially verifies Glaser as the record holder.

POIDH, named for the phrase “pics or it didn’t happen,” requires participants to show an unedited video, include a timer, and receive Guinness confirmation before any payout. As outlined in the bounty description, the challenger must also state on video, “This is for DEGEN,” for the submission to be valid. The bounty pool is assembled through a decentralized approach. If no one breaks the record, contributors can withdraw their stakes, and funds are returned. POIDH charges a 2.5% fee when a bounty is successfully claimed.

The project’s founder, known as Kenny, is also associated with The Haberdashery, a group of DEGEN holders who contributed about one-third of the total bounty. Kenny explained that POIDH operates similarly to a decentralized autonomous organization (DAO), where funders vote on payouts based on the amount they contributed. He said in an interview that his interest in using crypto to coordinate real-world action began over a decade ago, but the current system reflects recent developments in decentralized technology.

Since launching, POIDH has seen about 2,500 bounties created and 1,400 completed, according to a Dune dashboard. The kickflip challenge has attracted professional skateboarders including Dave Bachinsky and interest from Ricky Glaser himself, as shown in their social media posts.

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One skateboarder, identified as JD, has attempted the challenge multiple times and managed 26 kickflips in 39 seconds. He described the task as physically demanding and said, “After you get to 25, it’s really tough and tiresome, but you just fight to make the last stretch happen.” JD and other participants are working toward the chance to claim the reward, which is affected by cryptocurrency price changes.

For more information or to view the bounty, visit the official POIDH website.

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