Who picks the winner?
The lake contract draws the winner with on-chain randomness when each catch closes. Nobody, the team included, can choose the winner, and every draw can be checked on the explorer.
How big is each prize?
Exactly the 0.8% of every trade that came in since the last bite, plus anything carried over. A busy 15 minutes means a big fish. Nothing is promised in advance.
What if almost nobody traded?
If the prize is under $20 when the bite comes, nobody wins that round and it carries over to the next one. Every fish that does get caught is worth at least $20.
Do I need to cast again after every catch?
No. Cast once and your line stays in every catch, as long as your balance stays above your line.
Can I buy right before a bite and win?
No. A new line joins from the next catch, and the winner's balance is checked at the draw.
Where does the treasury go?
1% of every trade funds the team, development, marketing and the gas for every draw. The treasury wallet is public: [TREASURY ADDRESS].
How does launch work?
$BITE launches on Pons, on Robinhood Chain. It starts on a bonding curve, and once the curve fills it moves to a Uniswap V4 pool whose liquidity is locked forever. There is no team allocation: the team buys on the market like everyone else.