Glossary.
The terms you will see throughout a launch and campaign.
Reference
In this guide
Token and trading terms
| Term | Meaning |
|---|---|
| Mint | The Solana account address that identifies a token and records its supply, decimals and authorities. |
| Token account / ATA | An account holding one token’s balance for an owner; an associated token account uses a standard derived address. |
| Base units | The smallest integer amount defined by the token’s decimals. |
| Basis points | Hundredths of a percent: 100 basis points equals 1%. |
| Virtual reserves | Synthetic inputs to curve pricing, not withdrawable funds. |
| Real reserves | Actual accounted assets available for permitted transfers. |
| Graduation | The transition from curve trading to an AMM pool; distinguish readiness from completed migration. |
| AMM / LP | Automated market maker / liquidity-provider position. LP policy governs the launch’s liquidity position. |
| Slippage | The difference a user permits between an expected quote and execution. |
Community and custody terms
| Term | Meaning |
|---|---|
| KOL | Key opinion leader: an organizer bringing a community to a campaign. |
| Eligibility | The campaign’s qualification rule; it is not proof of unique human identity. |
| Registration | The explicit, authoritative entry binding one wallet to a team. |
| Threshold | A minimum qualification level, not necessarily the winning condition. |
| Settlement | Final application of the published rules to record winners and awards. |
| PDA | A deterministic program-derived address with no private key; a program can authorize its actions through the runtime. |
| Rewards vault | The token account holding protected community inventory. |
| Entitlement | A wallet-bound right to a defined award under release conditions. |
| Vesting / cliff | A release schedule / an initial waiting period before a release. |
| Claim | Transfer of the currently available part of an entitlement to its beneficiary. |
| Dust | The base units left after deterministic integer division. |
| Merkle proof | Evidence that an entry belongs to a committed dataset; not proof the dataset itself is truthful. |