Increase in value.
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Annual Percentage Rate. The annual rate of return that your capital will gain in a year.
Annual Percentage Yield. The annual rate of return that your capital will gain taking into consideration compounding.
Refers to anything with economic value.
The technology running in the background of cryptocurrencies, including 2omb Finance, that keeps everything decentralized. It is a digital form of record keeping.
It is a structure that has one governing body that regulates and oversees all orders.
The native/base coin of the blockchain
It is the process of reinvesting your earnings in order to generate even bigger earnings.
It is the study of secure communication techniques that allows only the sender and intended recipient of a message to view its contents.
A medium of exchange
Annual Percentage Rate divided by 365 days
Decentralized Autonomous Organization. An automated and decentralized organization that needs no leadership team or board of directors to make decisions and enact policies. The community votes are weighted based on the number of tokens they carry.
A token goes into a deflationary phase and becomes a deflationary token when no new supply can be minted anymore as it hits its maximum supply. For $2SHARE, this will happen on April 3, 2022. When this happens, it is usually marked by an increase in token price as supply gets constrained as long as demand is stable.
This refers to the desire or willingness of a person to pay for a specific good or service
Decrease in value.
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A fork happens whenever a community makes a change to the blockchain’s protocol or basic set of rules. When this happens, the chain splits — producing a second blockchain that shares all of its history with the original, but is headed off in a new direction.
Fees we pay for every transaction on the blockchain. In 2omb, the fees are paid in $FTM.
The term "Golden Goose" is based on a literary fable that tells the tale of a goose laying golden eggs. It refers to a person, thing, or organization that is or has the potential to earn a lot of money for a long period of time.
Impermanent loss happens when the price of your tokens changes compared to when you deposited them in the pool.
A record-keeping system used to record information available for public use.
The ease of buying and selling the tokens. The higher the volume, meaning more funds are being traded, the higher the liquidity
The process of creating new supply of tokens (also known as “printing money”) through smart contracts.
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Refers to something people can modify and share because its design is publicly accessible.
The value we aim for and in the case of this protocol, it’s 1.01 FTM or more per 2omb.
A protocol consists of basic sets of rules that allow data to be shared between computers
This is used widely in cryptocurrency in order to validate transactions. It requires members of the network put in the effort to solve a difficult mathematical problem to prevent hacks in the system.
Pump and dump is a manipulation scheme that individuals or an entity will accumulate the buying of an asset and artificially inflate the price and once the price is increased (pumping) they will start selling it off (dumping).
It is a term that refers to the official routines, procedures, or processes that are considered to be excessively complex which results in delay or inaction.
A scam. It usually happens when crypto or virtual asset project developers manipulate a token's perceived worth and then abandon the project while taking investor funds with them.
It is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code
The process of locking in your tokens into the protocol in exchange for rewards.
It is the total amount of a specific good or service that is available for the people.
This refers to forms of currency and other valuable tools that are developed on a blockchain that they’re not native to ($2OMB is a token while $FTM is the coin).
It is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets.
Total Value Locked or the total amount in USD invested in the project.
Time-Weighted Average Price.
Real-world use for a token.
It is the measure of how much the price of an asset fluctuates over a period of time.