The Worldeater

The Worldeater is a global escrow for the Cardano cryptocurrency. It operates from a fixed wallet address, known as the hell wallet.

The 100 most recent depositors are slated to receive their share of the wallet balance. An active participant’s share is their contribution divided by the other’s sum. The other’s sum is known as the pool.

If Hell does not receive a new deposit for 72 hours, all active participants are paid their dues.

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.

Access to the Worldeater API, Worldeater governance, and other other perks are permanently exclusive to active badge holders. The level of reward / privilege is dependent on the type of badge the holder has.