Five sealed crates.
One holds the jackpot. Burn to bid.
Every bid is a burn of $CRATE from your own wallet. The biggest total burn on a crate opens it. Rounds every 30 minutes; the pot is $CRATE's creator fees, in SOL, sealed by a hash before bidding opens.
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How it works
01
Pick a crate
Five sealed crates. The pot inside is $CRATE's creator fees, in SOL. One crate holds the jackpot, 60% of the pot. The other four hold 10% each. Nobody knows which is which until the reveal.
02
Burn to bid
Every bid is a burn of $CRATE from your own wallet, with the crate written in the memo. Nobody holds your bid. Every bid shrinks the supply.
03
Biggest burn opens it
At the close, each crate goes to the wallet that burned the most on it, and its SOL is sent out in one transaction. The salt is published, so anyone can check the round's hash.