# 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="https://1073425533-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQ0i49wQWLITnZS6WsqL3%2Fuploads%2FxDUC7bV1UrTHjzmnT0WB%2Fimage.png?alt=media&#x26;token=f4627380-fde0-4030-a3d5-34033737fac7" alt=""><figcaption></figcaption></figure>

<figure><img src="https://1073425533-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQ0i49wQWLITnZS6WsqL3%2Fuploads%2FeQYGXO5CSghIvf6rBKhx%2Fimage.png?alt=media&#x26;token=537d51ce-c071-46c5-a21b-fb3c1b5d7e11" 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="https://1073425533-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQ0i49wQWLITnZS6WsqL3%2Fuploads%2F2t1McS3DnZjfTCqQKEnT%2Fimage.png?alt=media&#x26;token=9d6e9be9-7064-4f56-bf33-770504b02a85" 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="https://1073425533-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FQ0i49wQWLITnZS6WsqL3%2Fuploads%2FAMP7A4fH6XM6spmMJpQb%2Fimage.png?alt=media&#x26;token=ea9db0a0-9669-40a8-bfd2-5ab4907cf07e" alt=""><figcaption></figcaption></figure>

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