pReLUV
In many conventional presale structures, tokens are held under centralized control by the platform, and users cannot claim them until the presale ends. Because nothing is visible in the user’s wallet during the sale period, this structure can amplify doubt and anxiety, such as: “Will I actually receive the tokens?” or “What happens if the project stops mid-way?”
To reduce this trust friction, ReLuv introduces pReLUV, a receipt-like token that provides clear on-chain proof of presale participation.
When a user purchases $ReLUV in the presale, the protocol mints and delivers pReLUV to the user’s wallet immediately, instead of distributing the main token ($ReLUV) right away.
pReLUV represents the right to receive EReLUV in the future under the vesting schedule, and it is 1:1 matched with ReLUV.
As vesting milestones are reached, pReLUV is progressively exchanged for $ReLUV, ensuring that lock-up and vesting are executed transparently and consistently.
To prevent scams and risks that could arise from external secondary trading, pReLUV is designed to be non-transferable (i.e., peer-to-peer trading, transfers, or assignment are not allowed).
This design achieves the following:
Prevents unofficial trading of presale claims or redemption rights
Minimizes fraud and risk from OTC-style deals
Keeps the presale mechanism simple and transparent from a compliance perspective
In summary, the roles of the two tokens are:
$ReLUV: The primary token used for actual circulation and utility
pReLUV: A non-transferable receipt token that represents presale participation and future redemption rights
Through this structure, $ReLuv provides:
greater transparency and psychological assurance to users by recording their entitlement on-chain, and
a robust contract-level mechanism to enforce the designed lock-up and vesting plan.
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