the line
pot 0 ETH
no bids yet
the tapewaiting
How the line works
- Raise. Hold 10,000 $RAISELINE. The opening bid is at least 0.001 ETH; every raise is at least 10% over the top bid.
- Raised over. The bid you raise over is credited back in full plus 10% of it, paid by you, the moment your raise lands.
- The pot. 5% of every bid goes into the pot. When the clock runs out, the top of the line takes its bid back plus the pot. A raise in the last 90 seconds pushes the close out 90 seconds.
worked raise
You top the line at 0.020 and send 0.021 (0.001 dues to the pot).
A raise to 0.030 sends 0.030 + 0.002 (10% of yours) + 0.0015 dues = 0.0335.
You are credited 0.022. The pot is now 0.0025.
Nobody tops 0.030 before the close: it takes 0.0325.
credited to you0ETH