🌐Terminology / Glossary

Description of terms used in this documentation hub

NFT (Non-Fungible Token): A unique digital asset verified using blockchain technology. Unlike cryptocurrencies like Bitcoin, each NFT has distinct information or attributes that make it unique.
Digital Asset: Any text, image, or multimedia that exists in a digital format. In the context of eesee, these are the items being tokenized into NFTs.
Metadata: Additional information that describes various attributes of the NFT, such as the creator, creation date, and any other relevant data.
Raffle: A type of lottery where users purchase tickets for a chance to win an NFT.
Ticket Sales: The process where sellers can opt for ticket-based NFT sales, setting ticket prices to maximize sales and total revenue.
Ticket Purchase: The act of buying a ticket for a chance to win an NFT.
Winner Selection Model: The method used to determine which ticket holder wins the NFT, often using Chainlink VRF for randomness.
NFT Ticketing: The concept of buying a fraction of an NFT through a ticket-based system.
NFT Collections: A set of NFTs grouped together, usually by the same creator or theme.
NFT Liquidity: The ease with which NFTs can be bought or sold in the market without affecting their price.

Blockchain: A decentralized digital ledger that records transactions across multiple computers.
Smart Contracts: Self-executing contracts with the terms directly written into code, often on the Ethereum blockchain.
ERC-721: A standard for creating non-fungible tokens on the Ethereum blockchain.
ERC-20: A standard for creating fungible tokens, often used for cryptocurrencies, on the Ethereum blockchain.
Gelato VRF: Gelato's Verifiable Random Function, used for generating a random number in a secure and provable way.
Cryptographic Proof: A mathematical way to prove the authenticity of a transaction or process.
Gas Fees: Transaction fees on the Ethereum, Blast or Polygon networks, paid in their native tokens.
Transaction Authorization: The process of giving approval for a transaction to proceed.
Test-net: A testing environment for blockchain development, separate from the main network.

Platform-Specific Features and Policies

Eesee: The platform in question, which offers a unique ticket-based system for buying and selling Digital assets.

Tier-based Model: A model that categorizes users based on their activity level, offering different rewards for each tier.

Target Contribution Policy: A policy that requires users to maintain a certain level of activity to keep their rewards.

Company Treasury: A reserve of funds held by the company for various purposes.

Marketplace Commissions: Fees taken by the marketplace for facilitating transactions.

Fundraising and Investment Rounds

Seed Round: The initial round of fundraising for a new cryptocurrency project.

Public Round: The final round of fundraising before a token becomes publicly tradable.

Seed Round: The initial round of fundraising for a new cryptocurrency project.
Strategic Round: A fundraising round focused on strategic partners.

Last updated 1 year ago