You ask a lot.
Go FAQ yourself.
Long story short, to contribute you must create a giveaway for a game that you own an unused copy of it (NOT IN LIBRARY) but in inventory or a Key.
Oh btw being active on forum, be polite (like me) and etc is also a contribution. At least in this place.
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First, read the entire FAQ. That will probably answer most of the questions you have. Second, only create a giveaway if you have a gift copy or an unused Steam key for the game that you are willing to give away. You can't give away games in your Steam library. Third, I don't think anyone can contribute just $0.01. What you are seeing is a contribution requirement for giveaways. To enter those, you must have given away that value in games (note: bundled games don't always give full value). Most people just set a contributor requirement of $0.01 to allow anyone who has at least contributed one game.
EDIT: Looks like you've read the FAQ already and figured things out. Welcome to the site!
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Im new on this site and was wondering how do I contribute? Do I just put up a game for people to enter? Also I see some people that have contributed 0.01 (which is the minimum). Whats up with that?
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