in the hotelhotel 01
empty
nobody holds the hotel
held at—
their stake—
closes15 min after a claim
the bump pays
—
stake back + 10% of the outbid
The hotel is empty. The first claim of 1,000,000 Hotel or more takes it, and the clock starts.
door logquiet
how it works
- Claim. Bid in the coin. An empty hotel takes 1,000,000 or more; after that you need the holder's bid plus 10%.
- Hold. 90% of your bid is your stake. The other 10% goes to the holder you bumped.
- Get paid to leave. When someone outbids you, your stake comes back plus 10% of their bid, in their transaction.
- Close. Fifteen minutes with no outbid and the hotel closes: the holder gets the stake back plus the purse,and 30% of the accumulated fees and a new hotel opens.
a worked example
cz claims the empty hotel for 1,000,000. 1,000,00 becomes the purse; her stake is 9,000,00.
heyi outbids at 12,000,00. cz gets 9,000,00 + 1,200,00 = 10,200,00 back, right away. heyi's stake is 10,800,00.
Nobody outbids heyi for 15 minutes. The hotel closes and heyi gets 10,800,00 + the 1,000,00 + 30% of the accumulated fees purse = 11,800,00.