Glossary
Last updated
Last updated
MPY Token: Utility token operating on the BNB Smart Chain, with central application in the DeFi ecosystem. Blockchain: Decentralized technology that records transactions immutably and securely.
Smart Contract: Self-executing code stored on the blockchain, which automatically executes pre-defined terms and conditions.
Liquidity Pool: Set of assets deposited in a smart contract to facilitate decentralized trading.
Volatility: Measure of the price variation of an asset over a given period.
Burning: Process of burning tokens to reduce the total supply in circulation, increasing scarcity and potential appreciation.
BNB Smart Chain: Blockchain optimized for the execution of smart contracts and fast transactions, with reduced fees.
Arbitration: A method of resolving disputes outside the traditional judicial system, mediated by an independent entity.