The Worldeater

The Worldeater is a global ADA escrow. If Hell does not receive a new deposit for 72 hours, all active participants are paid their dues.

The Worldeater is a global escrow that operates exclusively on Cardano. Anyone, at any time, can deposit any amount of ada into a fixed wallet address. This wallet address is known as the hell wallet. The amount of ada within the hell wallet is known as the hell amount.

The 100 most recent depositors are tagged as active participants. Active participants are slated to receive a payout from the hell wallet. Each active participant's payout is their contribution divided by the others' sum - also known as the pool.

If the hell wallet does not receive a deposit in 72 hours from its most recent deposit, all the active participants are paid their dues via a smart contract.

Let's visualize this with a few examples.

The pool is 100 ada. You have contributed 1 ada towards the 100 ada pool. The hell amount is 1,000 ada. No one else deposits. You earn 1% of the hell amount, and are paid 10 ada. The pool is 500 ada. You have contributed 250 ada towards the 500 ada pool. The hell amount is 25,000 ada. No one else deposits. You earn 50% of the hell amount, and are paid 12,500 ada. The pool is 300 ada. You have contributed 4.5 ada towards the 300 ada pool. The hell amount is 17,500 ada. No one else deposits. You earn 1.5% of the hell amount, and are paid 262.5 ada.

The Worldeater serves as a practical, crypto-exclusive, and attractive interaction point for cryptocurrency transactions.

Practical in the sense that there are no downloads, account registrations, or even browsers necessary to interact with the hell wallet; the barrier to entry is simply a cryptocurrency wallet. Crypto-exclusive in the sense that it is impossible to interact directly with the Worldeater via fiat money. Attractive in the sense that the idea is adequately intriguing, low-risk, and prompts interaction via lucrative rewards. The unprecedented, perhaps game-show / casino-like nature coupled with the ominous theme provides the intrigue. The non-zero deposit threshold provides the low-risk. The potential for unprecedented financial return prompts user interaction.

There is a direct correlation between the prominence of the Worldeater, and the practical adoption of cryptocurrency. Not only that, the deposit / payout functionality is an insatiable feedback loop.

The more people that deposit into hell wallet, the higher the payout is. The higher the payout is, the more people hear about the Worldeater. The more people hear about the Worldeater, the more people that deposit into the hell wallet.

To alleviate the Worldeater's polarizing (all or nothing) nature at scale, Badges have been introduced.

Worldeater badges are various NFTs that are minted and awarded from the hell wallet to certain depositors. There are 11 different types of badges, ranging from the most common (Wood) to the most rare (Diluvium). Each individual badge will be visually unique from any other.