Docs

Both describe the scoring rules as they stood on 17 September 2026. The rules have changed since; the current ones are always on Methodology. The changes since the papers:

• 30 September hbm-v18: the Discovery Gap and Under the Radar are measured only on an active market.
• 30 September hbm-v19: Still Building’s drawdown is measured only on such a market.
• 30 September hbm-v20: a valuation implausible against its own liquidity is withheld, never used.
• 1 October hbm-v21: a market active only through another pool is measured on that pool, and Under the Radar needs a positive gap.
• 2 October hbm-v22: a launch pool is not a measured market, and automated or CI-only commits no longer count as building.
• 3 October hbm-v23: a repository’s releases on one UTC day count once.
• 3 October hbm-v24: a project’s contract deployments in the same second count once.
• 7 October hbm-v25: Resumed building is called only on a gap HEY watched: the comeback’s sources were being read when the gap began.
• 9 October hbm-v26: a valuation HEY’s own chain readings or another source contradict tenfold is no input to the Discovery Gap or Still Building, as it is shown on no surface.
• 12 October hbm-v27: a project whose building HEY cannot read gets no Discovery Gap, as it already got no Still Building.
• 12 October hbm-v28: a project’s contract deployments each within a minute of the one before count once, not only those in the same second.
• 15 October hbm-v29: a commit that only moves dependency versions in a manifest such as package.json, with or without its lockfile, is maintenance and no longer counts as building (commit-substance-v4).
• 16 October hbm-v30: no Discovery Gap on an unverified token whose ticker another published project’s token carries, nor on a market reading older than a day; Under the Radar only at typical market attention or lower.
• 18 October hbm-v31: a market whose reading carries less than $1,000 of 24-hour volume is too thin for a Discovery Gap, Under the Radar or Still Building; Still Building is not measured on a token whose ticker another published project’s token carries, nor when every builder source the project has is unavailable.
• 19 October hbm-v32: a 24-hour volume one source repeated beside the same price for more than 36 hours is unknown to the scorer, as it already was to the market status: it neither makes a market too thin nor counts as a measured volume.