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So basically you are offering $100 for a bunch of drafts from different designers and you get to pick one from the lot? It's one thing to hire someone where the designer can expect a guaranteed pay after all the work, but it's not fair to setup a "contest" for so little money where the only benefactor is you.
I am not a designer myself but even if I am not, I am pretty sure stuff like this is insulting to designers out there (at least the US based ones).
My 2 cents
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