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1.2 Terminology
Category | Name | Explanation |
Marketplace | NFT | non-fungible Token |
Marketplace | Fractionization | The process of turning NFT into tradable Shards |
Marketplace | Shards Market | Subscription market. After the shards are generated, they are then put into the market for subscription |
Marketplace | Secondary Markets | Secondary markets where users trade for shards. |
Pools | Pool | Pools for liquidity mining. |
Pools | Rank | $SHD mining profits are only distributed to the pools being ranked. |
Pools | Referral Relationship Bonus | This increase a user's Staking Weight in Pools |
Token | Shard | Shards generated after NFT securitization |
Token | SHD | Tokens issued by the protocol |
Token | Subscribing Token | Token used for Shards subscription |
Token | LP Token | Liquidity Provider Tokens which you can participate in liqudiity mining with. They come from secondary markets. |
Users | Original Owner | Users who convert their NFTs into tradable shards. |
Users | Subscriber | Users who stake Tokens to subscribe for Shards in the Shards Market |
Users | Offeror | Users who apply for a tender offer to acquire ownership of NFT |
Shard Status | Subscribing | After the shard is created, it will enter the 7-day subscription period. |
Shard Status | Listed | After the subscription is successful, the shards will support distribution and free transactions. |
Shard Status | Apply for Buyout | Users with sufficient shards can apply for tender offer. |
Shard Status | Buyout | Tender offer (buyout) |
Shard Status | Failed | During the subscription period, if the shards do not meet the subscription requirements, the fragementation attempt will be considered failure. |
Actionable Events | Create | The user who securitize NFT and create Shards |
Actionable Events | Subscribe | Subscription happens immediately after Fragementation. |
Actionable Events | Settle | After the subscription completes, any user can price the shards according to the current subscription volume. |
Actionable Events | Buyout | Acquire fragments at a price higher than the market price. |
Actionable Events | Vote | After initiating a Buyout Tender Offer, it enters the voting stage, and the shard holder decides whether the tender offer can be carried out. |
Actionable Events | Improve | On the Pools page, users can increase the ranking of a certain pool to make the pool enter the rankings. |
Actionable Events | Referral | Invite other users to get onboard. |
Last modified 2yr ago