Stakepit·referee's call

Smallest stake
is out.

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

The pit is empty. The first stake in sits alone until a second arrives.

pit0ETH
round — whistle in —:— 0 / 10 seats

out of the pit

Nobody is out yet. The first whistle with two stakes in sends the smallest one out.

sit in

One seat per wallet · 0.001 ETH floor · holders of 10,000 $STAKEPIT · seats close at the first drop.

the tape plays print as they land

  1. Quiet so far. The first stake in prints here.

the rule book

  1. Sit in. One seat per wallet, at least 0.001 ETH, for holders of 10,000 $STAKEPIT. Ten seats a pit, open until the first stake is out.
  2. The whistle. Every 20 minutes the round ends and the smallest stake is out. On a tie, the later one goes. Raise before the whistle to climb off the bottom.
  3. The split. The stake that is out splits evenly onto every stake still in. Nothing is taken at a drop.
  4. The take. Last one standing takes the whole pit, less 3% to the house. Bank it any time.

worked pit

start0.040 · 0.022 · 0.0185 · 0.0125 · 0.010 R10.010 out → +0.0025 to each of 4 · 0.015 now smallest R20.015 out → +0.005 to each of 3 · 0.026 now smallest R30.026 out → +0.013 to each of 2 R40.0425 out → the 0.040 seat takes the 0.103 pit, less 3% = 0.09991 ETH