Bubble Creators

  • Users create bubbles and earn a share of the prize pool when the bubble pops.

  • Creator's share is the complement of the winner's share: 30–50%, depending on the timing (earlier pops reduce creator rewards, later pops increase them).

  • Creators must still be holding their NFTs when the bubble pops or they forfeit their share of the prize pool. If they have 1 active bubble they need to have 5 NFTs (or whatever the requirement is at the time). If they have 2 active bubbles they need 10 NFTs, etc. This is enforced at the contract level to ensure consistency.

  • Creators can configure their bubbles:

    • Pop Probability: P10, P25, P50, P100, P250, P500, P1K, P10K, P100K, P1M (e.g., P10 = 1 in 10 chance).

    • Accepted Tokens: Select up to 5 whitelisted ERC-20 or ERC-314 tokens for ticket purchases.

    • Burn Percentage (optional): Set a portion of ticket deposits to be permanently burned.

    • Ticket Price: Set the cost for entering the bubble.

  • Creators must seed the prize pool when creating a bubble:

    • Seed Amount = Ticket Price × Pop Probability ÷ 4.

    • The first token selected from the accepted tokens list determines the token they are expected to use for seed funding.

    • Despite having to provide an investment up front (with a slight risk) its actually a great deal for creators. Considering the law of averages they stand to gain nearly a 2x profit on their investment over time.

  • Creators receive their seed funding back if a bubble is manually popped:

    • Once a bubble is created a 7 day timer is established. Each new ticket purchase resets the timer but if it reaches 0 then it has become stale and anyone can manually pop it. In the event that a bubble is manually popped the creator will get their seed funding refunded but any other assets left in the bubble will be sent to the treasury.

Last updated