# FAQ

**What's Potion404?**

Potion404 is a project based on the ethereum blockchain using the new ER-C404 standard. Potion404 is a first mover in this new meta, as we've created the first staking platform to support this new type of ERC, and it's set to get better every time!

**What is an ERC-404 ?**

In simple terms, ERC-404 is a new protocol in the ethereum blockchain that allows developer to create fungible NFTs, tradable on UNISWAP as usual ERC-20 tokens and Opensea as usual ERC-721 NFTs. This allows for many more possibilities than just one of these types. It also makes all NFTs liquid, which solve problem in the NFT space.

<figure><img src="https://1526133587-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FBN5yurS4617YgVjsciw7%2Fuploads%2FF13SXUsYn9I5oYodIl5C%2Fimage.png?alt=media&#x26;token=5f6646fc-ccf5-4190-bf4d-72a77501579d" alt="" width="375"><figcaption></figcaption></figure>

**How I can stake my potion?**

To stak your potion, you'll need to buy at least one potion to get a full NFT, which will reduce inflationary pressure when the price of a potion will be very high (only for the [$P404 staking pool](https://potion404.gitbook.io/potion-404-whitepaper/staking-reward-in-usdp404), as the $ETH pool is not inflationary). Next, you'll need to go to our dApp to stake your potion: <https://www.potion404.com/staking>.

**How I counter the inflation my potion?**

The team burning $P404 tokens to control inflation.\
Volume also helps to counter this. On the first day, we had a buying volume of over $8M while the TVL was around 250k, so the selling pressure is counteracted.

**Who is in the team?**

The team consists of 3 developers and advisors.