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.