Poolbook Book No. 1

The book is open and empty — the first name to sign starts the hour, and the split on the hour is paid by whoever signs last.

the hour starts at the first name60:00

0.003 ETH a line, one per wallet per book · hold 5,000 $POOLBOOK · how the split pays ↓

the book · signing order → pool 0.000 ETH
$POOLBOOK contract not live yet gmgn ↗

The tape every signature and every split, as it lands

    How the book pays

    Sign
    One entry per wallet per book: exactly 0.003 ETH, for holders of 5,000 $POOLBOOK. Up to 60 names a book.
    The hour
    The first name in a book starts its hour. Anyone can sign until the clock runs out; later names never move it.
    The split
    On the hour the newest name pays: its 0.003 is divided equally across every name above it.
    Payout
    Every name above the newest takes back its 0.003 plus its share. A name alone gets its entry back. No house cut. The next book opens itself.

    A worked hour

    Twelve names sign. The hour runs out. The twelfth name pays 0.003 across the other eleven: each takes back 0.003 + 0.000272 = 0.003272. The twelfth takes back nothing.

    Had a thirteenth name signed at minute 59, the twelfth would have been paid instead: 0.003 + 0.00025, and the thirteenth would pay the room.

    Last splits