Zpectrum's suggestion above this is a must.
So you'll take the best three submissions and pay them? Or is there only one prize? Your current statement sounds like you'll take the 3 best submissions for yourself and pay one.
Also, although it's not necessary, I'm sure it won't hurt if you link the light/dark transparent PSDs of your logo.
Best of luck.
The dark bg and transparent are both in the link.
Yes, I will pay the best 3 entries. Only one will be choosen, but I will reserve the right to pay for more if they meet quality standards I look for.
The payment is between 50 to 100 dollars in BTC, depending on quality. There can also happen that not enough entries of quality are made, so I have to reserve the right to not choose any winners.
However, if winners are chosen they will be paid accordingly.
With all due respect, read the rules.