The Ritual
UPEG holders sacrifice their tokens to don a uMASK at a 15% discount vs market price.
1,000 uMASKs reserved — 10% of total supply. Whole-token UPEG only.
Discount
−15%
vs market price
Live rate
~85
UPEG / uMASK (spot)
Reserved
1,000
Remaining
—
Ritual progress
0 / 1,000 · 0%
How the Ritual works
- Live spot pricing. The UPEG cost per uMASK is calculated at the moment of conversion using the current UPEG/ETH spot price from a Uniswap v3 pool. There is no fixed rate — the cost moves with the market.
- 15% discount baked in. Whatever the spot ETH-equivalent of 1 uMASK is, you pay 85% of it in UPEG. So if the market rate is 100 UPEG/uMASK, the Ritual price is ~85 UPEG. If UPEG triples in value, you'd pay ~28 UPEG. The discount is the constant.
- Whole UPEG only, slippage-protected. The contract rounds the UPEG cost up to the nearest whole token (no fractional UPEG accepted). You pick how many uMASKs you want; you confirm a max UPEG cost (slippage tolerance, default ~2%); if price moves against you mid-tx, it reverts and you only lose gas.
- Manipulation-resistant. The contract reads spot price + a 5-minute Uniswap v3 TWAP and reverts if they diverge by >5%. Single-block sandwich attacks fail; sustained manipulation costs more than the discount.
- Reserved supply. Only the first 1,000 uMASKs are claimable through The Ritual. After that, mint at full market price.
- Permanent burn. UPEG you sacrifice is burned — taken permanently out of circulation.
- Random tier. Tier (Common/Cursed/Wraith/Nightmare) is rolled procedurally on mint. Mythic 1/1s are not available via Ritual.