Farm.Space - Introducing The Black Hole

The Black Hole is a dynamic burning mechanism which incentivises the burning of $SPACE.

How it works

The Black Hole has a 12h 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 SPACE Black Hole Balance
User A bids 100 space, which offers him a 1% chance of winning.
User B bids 1000 space, which offers him a 10% chance of winning.

If a user wins, Black Hole balance is distributed as follows:

• 80% credited instantly to winner’s address.
• 10% is burned
• 10% carries over to the next round

If a user loses:

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

If nobody bids over a 12h period:

• 50% is burned
• 40% carries over to the next round
• 10% goes towards upcoming promo pools(Like that of Beefy)

Official website: https://farm.space/

Telegram: https://t.me/farmdotspace
Telegram Ann Channel: https://t.me/projectTBAsoonAnn
Discord: https://discord.gg/9RhP7u6
Twitter: https://twitter.com/farmdotspace