# Blackhole 

## **The Black Holes are dynamic burning mechanism which incentivise the burning of** SpaceX. 

## How it works (1)  <a href="#id-9714" id="id-9714"></a>

This Black Hole has a 24h countdown timer, and operates like a standard lottery.

The higher the amount of **SpaceX** a user participates, the higher their win chance (uniform distribution).

### Every 24h, a user wins:

* 70% credited instantly to the the winner
* 10% is burned&#x20;
* 20% carries over to the next round

## How it works (2) <a href="#id-9714" id="id-9714"></a>

This Black Hole has a 6h countdown timer which resets on each bid.

Minimum Bid/Win chance is 1% of the Black Hole balance.\
Maximum Bid/Win chance is 10% of the Black Hole balance.\
Your win chance = The percentage of the Black Hole amount you bid.

**Example**\
\&#xNAN;***10,000 SpaceX** Black Hole Balance*\
*User A bids **100 SpaceX,** which offers them a 1% chance of winning.*\
*User B bids **1000 SpaceX,** which offers them a 10% chance of winning.*

### If a user wins, Black Hole balance is distributed as follows: <a href="#d363" id="d363"></a>

* 70% credited instantly to winner’s address
* 10% is burned
* 20% carries over to the next round

### If a user loses: <a href="#id-2c99" id="id-2c99"></a>

* 90% goes to Black Hole balance
* 10% is burned

### If nobody bids over a 6h period: <a href="#d74d" id="d74d"></a>

* 50% is burned
* 40% carries over to the next round
* 10% goes towards partner or promo pools