# LUAG PTS

## LUAG PTS Distribution

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Updated: The allocation for Staking LUA and Adding LUAUSD Liquidity has now been fully minted.
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1. Mint LUA in minting protocol: 70%
2. Staking LUA: 20%
3. Adding LUAUSD Liquidity: 10%

LUAG PTS: an "ERC-404" token for LUAG redemption

> At its core, ERC 404 operates on a mint-and-burn mechanism that facilitates the fractional ownership and transfer of non-fungible tokens (NFTs). 
>
> This mechanism allows for the division of NFTs into smaller, manageable pieces, thus democratizing access to valuable digital assets and enhancing their liquidity in the market. 
>
> For instance, owning a fraction of an ERC 404 token linked to an NFT enables a form of shared ownership, and accumulating enough fractions can lead to the minting of a new, complete NFT in the holder’s wallet​​​​.

<figure><img src="/files/yCGWzgc3fDeNb4h9d8OG" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/XHvufwxp35sedZdwd3Gq" alt="" width="374"><figcaption></figcaption></figure>

There'll be a LUA/LUAG PTS Pool in Uniswap, you can buy/sell your LUAG PTS, every time you swap for more than **10,000**, you'll be minted a Gift Card for gift the final LUAG TGE amount, if selling some LUAG PTS and owning less than 10,000, a gift card NFT will be burn.

Due the trait of ERC-404, **The total amount of Gift card NFT will decrease in every trading**.

**Total LUAG for Redemption in V2: 10,000,000 (1% of LUAG total amount)**

**Total Gift Card Amount: 10,000**

**Total PTS Emission: 100,000,000**

Example:

In LUAG TGE, say there're only 6000 gift cards left, each card owner can redeem different amount of LUAG based on the card type and the amount of each card type

<figure><img src="/files/QSTShPLADl7Hx0fIxEbs" alt="" width="375"><figcaption></figcaption></figure>

If there're 600 card E, then all the card E will split the 10,000,000 \* 20% LUAG for each type, which each card E gets you 3,333 LUAG

<figure><img src="/files/4ATxS3snzTFMxxjpsMEy" alt=""><figcaption></figcaption></figure>

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