The lab

How it works

1. Fees go to the Lab. Two thirds of the fees from $UGHS, $TEST and $UGH, and half of the ughs royalties, go to the Lab's wallet. The last third of the token fees goes to the artist.
2. The Lab buys ughs off the floor. The cheapest one each time, at most one every ten minutes, so new listings have time to show up.
3. Every ugh it buys moves up a stage. ugh, hugh, uhugh, guhugh. Same token, same number, fewer pixels each time. The guhugh is the peak of every ugh's evolution, and only a few will ever reach it.
4. Then it gives them away. Every day at 13:00 UTC a three hour draw window opens, and the draw falls on a random moment inside it, picked by a block hash, so nobody knows it in advance. If the Lab holds no ugh when the window opens, there's no draw that day, and every ticket carries over to the next one.
5. Up to three per draw. The ughs that waited longest go first. A wallet wins one, plus one more for every five ughs it bought and still holds that cycle. The rest wait in the bank for the next days.
6. How to get in. Buy ughs or tokens during the cycle and still hold them at the draw. Every floor price worth of ETH you put in is one ticket, for ughs and tokens alike. An ugh you list for sale after buying it gives no tickets, and buys made after the draw moment don't count.
7. Then it can happen again. List your hugh, and if the Lab buys it back it becomes an uhugh.

What changed and when: Updates