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.