How does it work? Every Friday you or your group submit a project for consideration.
If you are the winner you will be paid $500 in Mastercoins or Bitcoins at the current exchange rate. If your project did not get chosen don’t worry you can submit it again the following week.
What are the criteria?
The criteria are open ended however you should show that what you have done is useful in some way, the best way to show usefulness is to have people endorsing your project (show votes, likes, tweets, sign ups, +1s, etc) or using it.
Please post on this thread on bitcointalk.org (https://bitcointalk.org/index.php?topic=440596.new#new), on mastercointalk (http://mastercointalk.org/index.php?topic=106.0)or on our Facebook group (https://www.facebook.com/groups/mastercoin).