P2P Tournaments

I thought it would be a cool idea to have P2P tournaments, not Money-wise of course, credit-wise. Since there's really no use for your leftover credits anyways.

An example of a P2P tourney [Credit wise] would be a setup like this

1,000 Credits to enter,

Beginner:
1.) This
2.) Is
3.) My
4.) Example
5.) Of
6.) What
7.) it
8.) Would
9.) Be
10.) like


Intermediate:
1.) This
2.) Is
3.) My
4.) Example
5.) Of
6.) What
7.) it
8.) Would
9.) Be
10.) like

Advanced:
1.) This
2.) Is
3.) My
4.) Example
5.) Of
6.) What
7.) it
8.) Would
9.) Be
10.) like

Expert:
1.) This
2.) Is
3.) My
4.) Example
5.) Of
6.) What
7.) it
8.) Would
9.) Be
10.) like

but of course beginner players probably wouldn't be able to afford such a price so:

-Beginners: 250
-Intermediate: 500
-Advanced: 1,000
-Expert: 3,000

Or whatever sounds legit. And then of course the regular tourney rules.

Oh yeah and awards, varies by how many people joined but say 50 people joined in on advanced, thus being 50,000 Credits for rewards, making winners get awarded something like this

1st Place- Brothaice- 25,000 Credits
2nd Place- DarkbearX- 10,000 Credits
3rd Place- Hammymchacker 5,000 Credits
4th Place- Istayedupallnightrofl- 4,000 Credits
5th Place- where'smymoney- 3,000 Credits
6th Place- Powerfull- 2,000 Credits
7th Place- DJ Swabber- 1,000 Credits

Or which ever fits the best, anyhow, I'd join if somebody made a P2P tourney.