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👑 Community is King. After the initial MineRarity (MR) release, the incredible community vibes drove a serious discussion on how to improve the MR algorithm. We learned from the Dev Team that provenance and blockchain data is the ultimate source of truth. As a community, aligning with that spirit is the right direction. Math • Thesis by @cc_rfm: x.com/cc_rfm/status/… • Thesis by @cutepanda: x.com/cutepanda/stat… Both highlight a key factor: MR should stick strictly to mining probability, removing extra visual pattern rewards (like repetitive TT/CT). 🚀 MR v2 is now LIVE on upeglens.art! > You’ll notice much better diversity among the top 100 uPEGs now, as rankings purely represent mining difficulty without visual bonuses. (Note: OpenRarity retains its visual role in Lens. If you're excited for the upcoming uPEG TCG I'm working on, OR is something players can't ignore!) 🙏 Massive thanks to @holddoteth for digging effortlessly into the details, and to @cutepanda , @absnn355, and @0xmazr for the insightful opinions that made this formula intact. New algo below 👇 Study it if you can! 🧠

I've been told I should post more content. So here it is. $Upeg is genuinely THE most interesting thing to happen to Crypto since $Hype. Trouble is, it requires more than a cursory read of a few KOL posts to understand it. When $uPeg launched, there was a lot of excitement that it was a new type of NFT tech. Trading volume was in the healthy millions, and a lot of traders made good bank from being early buyers, selling at x50-x200 multiples. Most of these people sold their entire holdings - the earliest will regret selling the most, in 6-12 months' time. $Upeg has harnessed Uniswap's V4 Hooks tech to build a fully on-chain dynamic NFT collection. 'Dynamic' because each swap/LP interaction with $Upeg's V4 Hooks liquidity pool triggers a potential minting of a new uPeg NFT - the condition here is that the holder of the uPeg token must hold at least 1 whole uPeg token for every NFT they wish to mint. "Ok, so you get an NFT for each whole $Upeg you hold? What's great about that?" This in itself isn't groundbreaking. However the consequences for the NFT traits are huge and are covered in the excellent detailed thread from @absnn355 which I've quoted. TLDR from the thread: - You cannot apply traditional NFT valuation frameworks to $uPEG because of the dynamic, programmable and trade-driven nature of the NFT traits: trait rarity is not fixed, it is constantly evolving - A new valuation framework for $uPeg must instead account for "Mine-rarity", where traits can refresh and be re-rolled. Mine-rarity would therefore be ranked based on pure mathematical difficulty of obtaining a defined combination of traits, rather than how many similar NFTs exist in a fixed point in time. - The probability of the most rare combination of traits and colours is approx. 1 in 597.87 QUADRILLION (see the quoted thread for the maths), driven by extremely aligned trait structures and highly synchronised colour states. "So this is more than just an NFT collection?" Yes. $Upeg is trying to replace frequency-based rarity with generation-difficulty rarity i.e. tying rarity (and therefore value) to computational effort. Additionally, it is anchoring rarity in transparent on-chain math rather than market-driven metadata snapshots. As more $uPeg transactions take place, the probabilistic state of the NFTs change relative to one another. "So why should anyone care?" $uPeg tech and evolutions of this tech has applications beyond art NFTs. I'll give one example: Credit risk $uPeg rarity is based on how difficult a state (combination of traits, colours, shapes etc) is to generate. This rarity changes with every uPEG transaction. This same mechanism could be applied to financial behaviour, but instead of the typical NFT attributes e.g. traits, colours and shapes, think about personal financially trustworthy behaviours: e.g. maintaining liquidity during economic downturns, leverage discipline, maintaining cash buffers, keeping up repayments, long-term participation etc. All are metrics where there it would be important to know their values relative to other credit seekers. Even more important or valuable if these metrics were dynamic and continuous, thereby enabling much tighter risk management than today's creditors can manage. The (desirably) rarest combination of these would represent the most trustworthy credit applicants, which would then be reflected in your 'NFT'. Trust then becomes dynamic, portable, continuously updated and increasingly difficult to fake. $uPeg is the first project that I've seen to show that this is now possible. We're talking about having a means to create an anonomised, immutable, on-chain financial identity that enables credit markets to make realtime assessments on market participants, at scale. We're talking about the emergence of programmable economic reputation systems. And this is just one possibility for this tech. "So I should fullport $Upeg right now?" That depends. The emergence of a new crypto-native primitive can take a long time to catch on and for investors to associate value with it. It may even need a full on proper bull market to ignite the interest. It may need to shed the 'NFT' tag altogether before people even try to understand it outside of the collectable art realm and look through other lenses such as Defi. Whatever it takes, I'm not recommending for you to buy $uPeg. But if you're curious about this tech, I am HIGHLY recommending you research it and V4 Hooks. There hasn't been anything remotely as interesting as $Upeg in crypto for a very long time.