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📪Glossary and Rules

Explain parameters in this project

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Parameters

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Common parameters

Feast: Feast is an event open to everyone, where participants can either take meat or soup.

Round: The feast is endless, featuring infinite rounds. Once one round ends, the next begins.

Meat: The last person to join the feast will win the jackpot.

Soup: The portion that will be shared among all participants, except for the final winner.

price: Participants need to pay to join the feast.

Feast ID: The feast owner’s wallet address.

Participant: The number of people who have joined.

Countdown: The countdown starts from 5 minutes and resets whenever someone participates. When the countdown reaches zero, the round ends.

Leftover: The portion of the feast that will be allocated as the initial pool for the next round.

Boost: The owner of the feast can add to the prize pool only before anyone joins.

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Parameters for starting a feast

Initial Food: When a pool is initiated, it requires a certain amount of initial capital. The creator needs to provide this amount. This amount can be minimal, but as a result, the total prize pool may increase slowly.

Price Rate: This is the percentage of the total prize pool amount that each participant is required to pay to take part.

Soup rate: This percentage indicates the portion of the feast that will be shared among all participants, except for the final winner.

Meat rate: This percentage specifies the portion of the feast that can be claimed by the last winner.

Leftover: This percentage indicates the portion of the feast that will be allocated as the initial food for the next round.

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Rules

  • The price rate should be less than the meat rate.

  • The sum of the soup rate, meat rate, and leftover must be 100%.

  • The soup rate and meat rate must be greater than 0% and less than 100%.

  • The leftover is set between 1% and 100%, but it is recommended to set it around 10% to 20%.

Caution: Once your feast begins, all parameters are locked and cannot be adjusted. Please set your feast parameters very carefully!

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