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Fractions

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Last updated 1 month ago

After your profile have 6 or more holders. You are eligible to fractionalize your tickets. This means your supporters can support you with as little or as much as they like and not bound by the price of a full ticket. You can choose not to do this. But by allowing fractions your supporters can save up to 147% in fees. The principle of this technology is base on ERC404. This allow gauge assets to be more adaptable with the general EVM ecosystem. This decision will allow better flexibility for the protocol to grow at a later date. Given that ERC404 is a combination of ERC20 (meme coins etc) and ERC721 (NFT), what does this mean to Gauge terminology.

  • Gauge ticket == NFT

  • Ticket Factions == ERC20 token

The tokenomics of the ticket continues to base on a bonding curve. The price of one fraction is the ticket price divided by 10 ** 18. The price of the fraction increases when any wallet owns at lest one whole token. The price of the fraction decreases if any of the token holder sold either a whole token or a fraction of.

Once your profile have at lest 1 AVAX floor you can follow the steps below to begin fractionalization.

Setup Fractions
Buying Fractions
Selling Fractions