> For the complete documentation index, see [llms.txt](https://docs.shardingdao.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.shardingdao.com/1.introduction-to-shardingdao/1.2terminology.md). # 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. | --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.shardingdao.com/1.introduction-to-shardingdao/1.2terminology.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.