Glossary
web3: An idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics. Decentralization, privacy, security and machine learning are early principles of Web3.
social token: Social tokens are digital tokens on a blockchain that allow creators to monetize experiences and services. The token can increase in value, and it can be resold by the token holder. Social tokens are just like any other cryptocurrency.
drop: Tokens are distributed to fans and members of a creator's community during limited-run time periods called Drops. During a drop, you can complete creator-curated challenges (like taking a quiz or watching a music video) and earn tokens for free.
airdrop: A crypto airdrop is a transfer of free cryptocurrency from a crypto project into users' wallets. On P00ls, Airdrop is the act of putting the tokens you’ve earning on the P00LS platform into your own personal digital wallet.
know your customer (KYC): KYC means "know your customer." It refers to a financial institution’s obligation to carry out certain identity and background checks on its clients before allowing them to use its product or platform.
creator worlds: Creator Worlds are exclusive virtual spaces only available to tokenholders. Your holdings are your backstage pass, rewarding you for being a fan!
Cyphernaught: An engaged $00 community member. Comes from the word “Cypherpunk” and another word for zero, “naught”.
OG: An OG is a community member that has had enough P00LS experience to access certain privileges. An OG helps and supports the development of the community, through Discord mainly. They’re also automatically granted a golden ticket once they obtain the OG status.
Golden Ticket: The P00LS golden ticket, is P00LS's very own NFT, and just like $00 and $CREA tokens it gives you exclusive access to special privileges.
Whale: A whale, is a financial term that defines a singular holder or a company that buys large portions of crypto and financial assets, usually consequential enough to influence the market.
Spatial gallery: Spatial gallery, is a virtual place where the community can meet up, participate in certain events, access exclusive content, and more!
Last modified 19d ago