German-based film and event production company Bitfilm Production has announced ‘Bitfilm of the Day’ which is a new film competition exclusively on blockchain-based social media platform Steemit.

According to the official announcement, Steemit’s first film competition was launched on Monday. Every week from Monday to Friday, Bitfilm will post a movie which is open for voting. The Steem dollars that are collected during the week will go into a jackpot. Regardless of the voter’s Steem Power, it is the individual vote during the first 24 hours after each film’s launch that counts.

“At the end of the week, the film with the most votes will get 70% of the Steem Dollars of that week's jackpot. The other 30% of the jackpot will pay the work of the curator who selects the films and presents them on Steemit. After one year, all 52 weekly winners will be shown at the Bitfilm Festival in a real-life place,” Aaron Koenig, founder and managing director of Bitfilm stated in a previous announcement on Steemit.

Bitfilm Festival showcases films that use digital technology in a creative and innovative way. Bitfilm has been organizing this festival for over 15 years and thus has a certain expertise in curating film programs and organizing film competitions.

Film makers can submit their original film that is available online, using the submission form on the website. The maximum length of the movie should be roughly 5 minutes and there are no restrictions with respect to the topic, genre, and technique.

“We are very excited about Steemit and the new possibilities it brings! So we want to try out this new ongoing competition for film makers and hope you like it,” it added.