🍃PTL

Nuri Petals are a receipt of contributions towards the growth of Nuri, and the overarching Scroll ecosystem. Nuri is distributed to liquidity providers in the same fashion that traditional token emissions are, but are non-transferrable.

At the end of the pre-mining period, the PTL supply will be snapshotted to determine the conversion of PTL to NURI tokens. The conversion is automatically calculated within the PTL smart contract and abides by the following formula:

$$Ratio = NuriAllocated / PetalSupply$$

For example, if the end of pre-mining results in 10m PTL being the total supply, and 1m NURI tokens are allocated for conversions, the Ratio of PTL to NURI would be:

1,000,000 / 10,000,000 or 10 PTL: 1 NURI