Tezos to run $1.15 million cryptocurrency treasure hunt

The Tezos Foundation, the non-profit, educational arm of open source dapp platform Tezos, has put 1 million of its cryptocurrency “tezzies”—currently worth some $1.15 million—into a cryptocurrency treasure hunt run by Satoshi’s Treasure, the same team that’s behind a competition for $1million dollars of Bitcoin that started back in April of this year. 

The main hunt won’t start until after Satoshi’s Treasure has finished going through an audit. The process is not expected to be finished for a few months, but when it does, prospective detectives will be rewarded in “non-fungible Prize Tokens” for “using their problem-solving skills to beat puzzles”. 

The prize tokens—of which there are three types: “uncommon,” “rare” and “epic”—can be cashed out for tezzies. But there’s a catch. None of the tokens can be exchanged for tezzies until enough tokens to claim the whole one million token pot have been transferred to a smart contract. 

Coinbase…