How it works
Sells free lab animals, buys burn $LAB. Here is every rule, in the order the keeper runs it.
Three steps
Fees arrive
The creator of $LAB forwards the coin's creator fees to the keeper wallet. Everything above the keeper's 0.05 SOL reserve for network fees counts as forwarded.
Each 0.5 SOL splits
10% stays for work (server, RPC, hosting). 90% is divided by $LAB sell and buy volume since the last split: the sell share goes to the release fund, the buy share buys $LAB and burns it.
A unit is paid
When the fund holds the current unit's cost in dollars, at the SOL price of that moment, the keeper pays the organisation and the next unit becomes current.
The split, with numbers
Say 0.5 SOL has arrived and since the last split people sold 30 SOL and bought 10 SOL of $LAB. Work takes 0.05 SOL. The other 0.45 SOL splits 3 to 1: 0.3375 SOL to the release fund and 0.1125 SOL to buy $LAB, which is burned in the same transaction. If nobody traded since the last split, it is half and half. The numbers always add up to the lamport.
The memo on that transaction reads lab split 7 30.0000 10.0000 0.3375 41250: the split number, sells, buys, SOL to the fund and $LAB burned.
The queue
A unit is one species, one organisation, one thing paid for and one cost in dollars. The queue goes round the species: rat or mouse $50, rabbit $250, cat $500, beagle $1,000, a year of sanctuary care for a monkey $10,000. Every figure and its source is on the registry. The costs are estimates; the owner checks them with the organisations and updates them.
Nothing runs on a clock
There are no rounds, timers or daily payouts. The keeper acts when SOL arrives, when the fund reaches a price, and when the owner approves an organisation's address.
Ready to send
The owner approves every organisation's donation address. A unit the fund has paid for, whose organisation has no approved address yet, is set aside as "ready to send": its SOL stays in the fund, reserved, and goes out the moment the address is approved. If an organisation will not take money from a coin, it leaves the list and its species moves to the next organisation.
Receipts
Every release lists its transaction, the organisation, what was paid, the SOL price and the platform's confirmation (an email or a page). Where a platform has no API, the owner attaches the confirmation in the admin page. If an organisation publishes the story of a particular animal, the link is added to the record.
What the counter means
The coin does not buy animals. It pays organisations for their work: intake from a lab, vet care, foster homes, sanctuary care. That is why the counter says releases paid, not "animals saved", and why each record says exactly what was paid for.
$LAB is a memecoin. It is not an investment and not a charity receipt for you; its price can go to zero and you can lose all you put in.