My mistake, however even assuming the average word and spaces is 8 characters, this still equates to about $8.50 per 1,000 words.
Check my calculation if this is correct.
100 characters = $0.16
100 characters * 10 posts = $1.6 (1000 characters)
I can only imagine the quality of participants he will be getting at this rate.
His budget is tight so he knows what he's expecting by having that low rate.
@OP does this require to wear signature?