🔹Glossary

Stablecoin: A stablecoin, a prominent variant of cryptocurrency, is meticulously designed to maintain a consistent value by anchoring it to a specified reference asset. This anchor can take the form of widely recognized entities, including fiat currencies like the US Dollar or Euro, tangible and precious commodities such as gold or silver, or even existing cryptocurrencies with established value.

Smart Contracts: At its core, a smart contract is a self-executing computer program that automates, verifies and enforces the terms of an agreement between multiple parties. Built on blockchain technology, a smart contract operates without the need for intermediaries, ensuring transparency, security and reliability in the execution of predefined actions once certain conditions are met.

Proof of Reserves: The intricate mechanism through which the originator of an asset-backed decentralized digital token validates, through cryptographic and mathematical means, the absolute assurance that every single token ever issued stands in complete alignment with a reserved counterpart, thereby establishing an unassailable link between these tokens and the tangible underlying asset they represent.

Cryptocurrency system: A cryptocurrency, also known as crypto-currency or simply crypto[a], represents a groundbreaking digital form of money meticulously engineered to operate as a seamless medium of exchange across a computer network, free from any dependency on a centralized entity.

Settlement: Settlement entails the meticulous fulfillment of a binding commitment, serving as the definitive discharge of an IOU (I Owe You) that could have traversed hands among participants within a network.

Transaction: A token transaction is a digital exchange or transfer of tokens, representing value or rights, within a blockchain or decentralized network.

Token: The term "Token" technically means the same as "Cryptocurrency" or "Crypto Asset". However, it has acquired increasingly more specific meanings depending on the context. The term token primarily refers to cryptocurrencies other than Bitcoin and Ethereum. Furthermore, the term token is secondly used to describe specific digital assets that run on another cryptocurrency blockchain, as many decentralized finance (DeFi) tokens do.

Protocol: Protocols are important rules and guidelines that form the underlying infrastructure to enable the secure, transparent and efficient exchange of digital assets, while at the same time guiding and developing the cryptocurrency ecosystem and protecting the security and data integrity of users.

Crypto Asset: A "Crypto Asset" is a type of digital or virtual asset that uses cryptography to secure and verify its transactions

Decentralized Finance (DeFi): It’s an umbrella term for the part of the crypto universe that is geared toward building a new, internet-native financial system, using blockchains to replace traditional intermediaries and trust mechanisms.

Ethereum: Ethereum is a platform that is an evolved form of blockchain technology. In particular, it enables the development of smart contracts and decentralized applications.

Arbitrum: Arbitrum is an effective response to the scalability issues of the Ethereum ecosystem. It was developed as a second layer solution built on top of Ethereum's main blockchain. It's purpose is to increase the capacity of the Ethereum network, increase transaction speed and reduce transaction fees.

Tron: TRON is a decentralized, blockchain-based operating system with smart contract functionality, proof-of-stake principles as its consensus algorithm and a cryptocurrency native to the system, known as Tronix (TRX).

Polygon: Polygon (Formerly Matic Network) is a blockchain platform which aims to create a multi-chain blockchain system compatible with Ethereum. As with Ethereum, it uses a proof-of-stake consensus mechanism for processing transactions on-chain.

BNB Smart Chain: BNB Smart Chain, formerly Binance Smart Chain, is an Ethereum Virtual Machine (EVM) compatible blockchain platform capable of general purpose smart contract execution. It is a base layer, or Layer 1 (L1), which is part of the BNB Chain ecosystem of blockchains that is developed with the support of cryptocurrency exchange Binance. It is known for its fast transaction time and low transaction cost.

Avalanche: Avalanche is a decentralized, open-source proof of stake blockchain with smart contract functionality.

Asset Backed: Any cryptocurrency whose value is anchored to a tangible real-world asset, essentially making it a digital representation of that asset, is referred to as an "Asset-backed" token. This stands in contrast to "Utility-backed" cryptocurrencies, which derive their value from the utility or functionality they provide within a specific blockchain ecosystem.

Know Your Customer (KYC): Refers to the process of verifying and documenting users identities and personal information. Additionally, the expression is also employed to allude to the regulations stipulated by banking institutions and anti-money laundering frameworks that oversee and regulate these particular undertakings.

Digital Currency: Digital currency is a type of currency that is used digitally instead of traditional physical coins or banknotes. It is used in other transfer transactions such as buying and selling, payment through digital devices.