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You could also hold a creative contest on the Heroes theme, or an avatar contest (a real one, not the poor imitation that exists)... Tournaments are tournaments, but they will also get boring eventually. You need to look further ahead and develop the forum in several directions...
but if you open this school, people will come on their own, and the prizes are something that can be acquired... you could give some kind of portal currency or something similar to Rep...
Added after 13 minutes
To revive interest in Heroes, I would like to suggest working on creating FAQs for other parts of Heroes, besides the third one. For example, I haven't seen a single good manual for the fourth one, and for other parts either. This could also bring people together, at least for a while, but for the most active fans of Heroes.
Example: a battle between a hero with a summoned fairy against Walking Plants. After all the plants' arrows are spent on the fairy, you summon another batch of fairies and the battle is won NO MATTER WHAT. Is it worth manually fighting with 7 fairies against a hundred plants to finish the battle???
Therefore, on the one hand, you want to somehow revive the Heroes theme, and on the other hand, you don't want to deviate from the standards adopted on other portals, which, with their bans, raise mindless followers who just mindlessly press keys - this applies to Heroes 4, which is in a deplorable state on this resource.