🕳️Blackhole

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

How it works (1)

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

• 20% carries over to the next round

How it works (2)

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 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:

• 70% credited instantly to winner’s address

• 10% is burned

• 20% carries over to the next round

If a user loses:

• 90% goes to Black Hole balance

• 10% is burned

If nobody bids over a 6h period:

• 50% is burned

• 40% carries over to the next round

• 10% goes towards partner or promo pools