GLOSSARY
- CRYPTOCURRENCIES
- Cryptocurrencies are digital currencies based on blockchain technology that use cryptography to secure transactions and control the creation of new units. CryptoKmbio enables the exchange of various cryptocurrencies within its platform.
- CRYPTOKMBIO TOKEN (KMB)
- The CRYPTOKMBIO Token (KMB) is the native token of the CryptoKmbio platform. It is used for transactions within the ecosystem, governance participation, staking, and other services within the platform.
- DeFi (DECENTRALIZED FINANCE)
- DeFi (Decentralized Finance) is a financial system that operates without traditional intermediaries, such as banks, and is based on blockchain platforms. CryptoKmbio allows users to interact with DeFi protocols, providing access to financial services such as loans, savings, and insurance.
- BLOCKCHAIN
- A blockchain is a decentralized ledger technology that secures transactions through a chain of blocks, each containing a set of transactions. CryptoKmbio uses blockchain to ensure transparency, security, and decentralization in all operations.
- SMART CONTRACTS
- Smart contracts are self-executing contracts where the terms of the agreement between buyer and seller are written in lines of code. In CryptoKmbio, smart contracts are used for transactions, staking management, and other processes without intermediaries.
- ERC-20
- The ERC-20 standard is a set of rules for creating tokens on the Ethereum blockchain. ERC-20 tokens are interoperable with all services that support this standard, facilitating their use on exchanges and decentralized platforms.
- STAKING
- Staking is the process of locking tokens on the blockchain to support network security and participate in its governance. Users who stake their tokens can receive rewards in return for their contribution.
- WALLET (DIGITAL WALLET)
- A wallet or digital wallet is a tool that allows users to store, send, and receive tokens securely. Wallets can be of different types, such as software, hardware, or web-based.
- DAO (DECENTRALIZED AUTONOMOUS ORGANIZATION)
- A DAO is an organization managed in a decentralized manner, without a central authority, where decisions are made through community voting. CryptoKmbio utilizes a DAO platform for key decision-making about its development and operations.
- YIELD FARMING
- Yield farming is a process that allows users to earn additional returns on their cryptocurrency investments by providing them to liquidity pools on DeFi platforms. CryptoKmbio offers this option to help users maximize their earnings by participating in its ecosystem.
- LIQUIDITY
- Liquidity in the context of CryptoKmbio refers to how easily an asset can be bought or sold without affecting its price. The CryptoKmbio ecosystem is designed to optimize liquidity, ensuring that users can transact quickly.
- NFTs (NON-FUNGIBLE TOKENS)
- NFTs are unique digital tokens that represent ownership of digital assets or content, such as art, music, or collectibles. While CryptoKmbio focuses on an ERC-20 token, it may explore NFTs to diversify its offerings.
- HODLing
- The term HODL refers to the practice of holding cryptocurrencies for the long term without selling them, regardless of market fluctuations. It is a popular strategy among Bitcoin and cryptocurrency investors.
- REGULATORY COMPLIANCE
- Regulatory compliance refers to the process of adhering to all applicable laws and regulations, particularly concerning cryptocurrencies and data protection. CryptoKmbio implements policies to comply with regulations such as GDPR (General Data Protection Regulation) and local cryptocurrency laws.
- PROOF OF STAKE (PoS)
- Proof of Stake (PoS) is a consensus mechanism used in blockchain where users can "stake" their tokens to validate transactions and earn rewards. CryptoKmbio may implement PoS to ensure network security and reward participants.
- DEX (DECENTRALIZED EXCHANGE)
- A DEX (decentralized exchange) is a cryptocurrency exchange platform that allows users to buy, sell, and trade tokens directly with each other without the need for a centralized intermediary. DEXs operate on decentralized blockchains like Ethereum.
- CEX (CENTRALIZED EXCHANGE)
- A centralized exchange (CEX) is a platform where cryptocurrencies can be traded through an intermediary that manages transactions. These platforms provide liquidity, security, and user-friendly experiences for traders.
