When the auction opens, 20 of the 550 Band Caps go to bidders who were outbid, five names drawn every week. An outbid bid comes straight back to you, ETH and entry, and the ETH you bid still counts toward the draw.
Win one and you become one of his delegates: a seat on the board whose only job is to make Otis rich, a vote on what he does next, and a seat holders can back with theirs.
Paste any wallet to see where it stands. The board is updated every 10 minutes.
A bid is 150,000 OTIS plus any ETH you add on top.
Both come back to you at once. The ETH you bid becomes your score in the next outbid draw.
Every week a draw names five outbid bidders, each with a chance in proportion to their score. They take turns, in order, to claim that draw’s cap.
The cap makes you one of his delegates, with a seat on his board. A rarer cap carries more weight in a vote, up to twenty times a Common for the one of one.
Reading the board.
| Rank | Wallet | Outbid ETH | Bids beaten | Share of the draw |
|---|
Your score is the ETH of your bids that another wallet beat.
Outbid on a 0.5 ETH bid and later on a 0.3 ETH bid: a score of 0.8 in the next outbid draw.