A battle of the bids! - there is a 15 minute countdown timer which resets on the next bid. Each bid has to increase in value, and the last person bidding takes the accumulated PZAP prize pool!
Min Bid is 1% of the King of Zap pool balance.
10% of bid will be burned instantly.
King of Zap is now auto loaded with 10 PZAP if the pot is less than 0.1 PZAP.
The check is made every 10 mins.
When the countdown timer ends, the King of Zap pool balance is distributed as follows:
50% credited instantly to winner’s address (last bidder).
30% is burned.
10% carries over to the next round.
10% goes to marketing treasury (we are also thinking of donating a portion of this).
Anyone can click on the claim button, But the winning share will go to the last bidder.
If nobody bids over a 15 minutes period, then anyone can click on the claim button to start new game. The Winning Reward will go to the last bidder.
Important: all bids are final, your PZAP cannot be returned after bidding!