1,200 initial supply of generative circuits.
Each circuit could grant the holder ownership of a brand new Tesla Model 3.
Here is how the game will work.
Once you have a Circuit, you have an amazing generative art piece.
You can just keep it.
Enjoy it.
And have it forever.
OR
On February 20th, Schrödinger’s box will unlock and you can burn your circuit to see if it’s “alive or dead” to win a Tesla Model 3 (or $50k USD alternative).
The choice is yours.
To burn or not to burn.
Choose wisely.
Only one token can be burned at a time every 10 min till the winner is found.
If and when you burn your Circuit token, you will find out if you win or not ( we do random request to Chainlink, once Chainlink’s response comes in 60 seconds or so, and we use that information to determine if you win or not).
So…
Will you take your chance and burn your Schrödinger Circuit forever?
Keep in mind…
If you open the box and your token is dead, it is gone FOREVER.
How do I use Schrödinger's Box?
Once every ten minutes Schrödinger's Box will open, accepting a single token to determine its fate.
This starts with an outside oracle being consulted to see if it or one of the other tokens remaining in contention are deemed the winning token.
If the token is selected as the winner then the contest is over and the Box will not reopen, otherwise we restart the process after removing it from contention.
Regardless of the outcome the inserted token is burned.
Each round is independent from the previous round with a new token chosen as the winning token so nothing is predetermined.
In this way each burned token increases the odds that the next round will result in a winner. We start with the odds of 1/1200, then 1/1199, decrementing by one each round.
Should you throw your token into the box or keep it safe in your vault?
Do you wait for better odds but risk a winner being picked before you play?
All up to you.
FAQs
Why only every ten minutes?
In the event there is a winning token submitted we want to ensure that no tokens are burned unnecessarily.
What if a winner is never selected?
HODLers are out there, you never know. In the event that there is not a winner, on August 20th 2024 BPX Collective will select a charity of their choice to donate the cash alternative prize to.
I won, what do I do now?
Congrats! The winning wallet will be sent a winning token that they will have to redeem for the prize!
What if two people or more try to submit a burn at once?
Due to the Schrödinger's Box only being able to accept a single token at a time it is possible to have a failed transaction if two people attempt to use the box at the same time.
This should be rare as the burns start to naturally spread out as we continue but is not really possible to work around while still preventing excess burns in event of a winner.
In the event you do have a failed transaction it will cost a fraction of the cost that it would have cost upon success, so you may see a larger cost when submitting but it should only cost around $1-3 for a failure with typical gas costs.
This is standard for a transaction on the blockchain, wether moving tokens or minting a new NFT.