Raiseout $RAISEOUT CA
not live yet · the address lands here at launch

ETH on the line · ladder 1 opens at launch

0.000

stakes that stop raising split to the seats that raise

Ladder 1 opens when $RAISEOUT is live. Round 1 is the join: take a seat with 0.002 ETH. From round 2 every seat raises 0.001 or is out, and its stake splits to the seats that raised.

ladder 1 · round 1 · join whistle --:--

raised still to raise out

Connect a wallet holding 10,000 $RAISEOUT to take a seat.
the tape0 prints
  1. the tape starts with the first seat taken. It prints like this:
  2. SEAT a wallet in with 0.005
  3. RAISE R2 +0.001 → 0.006
  4. OUT R2 stopped · 0.005 to the raisers
  5. WHISTLE R2 2 out · +0.0019 × 5

How the ladder runs

  1. Join. Round 1: take one seat with at least 0.002 ETH. Holders of 10,000 $RAISEOUT, up to 20 seats. Fewer than two seats and round 1 runs again.
  2. Raise. From round 2, every seat still in raises at least 0.001 ETH before the whistle. Rounds run ten minutes.
  3. Out. A seat that does not raise is out. Its whole stake goes 95% evenly onto the stakes of that round's raisers, 5% to the house.
  4. End. One raiser left takes everything. Nobody raises: every seat takes its stake back. After round 12 every seat still in takes its stake. The next ladder opens at once.

worked ladder

R1 · 7 seats × 0.0050.035

R2 · 5 raise 0.001, 2 stop0.010 out

house 5%0.0005

to each of the 5+0.0019

each raiser now holds0.0079

R3 · 1 raises, 4 stop0.0316 out

house 5%0.00158

to the last raiser+0.03002

last raiser takes0.03892