So, at the end of each month, we'll gather together the fic that's been posted during that month, and ask the members to vote for their favorites. (This wouldn't count for recs; just for fic posted by the author, so that all the contestants are members of our little family.) The winner will receive a banner to post on their Profile page, and 500 LJ tokens.
At the end of the year, we'll collect all the monthly winners, hold another vote, and the big winner will receive LJ's biggest token package, 3000 tokens (worth $25), and another banner.
For the shy folks who haven't yet posted a story: give it a whirl! You might just have the story that will win your fellow members' hearts!
So...go! Post. Have fun!