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Glossary
Short definitions of the terms used across CryptoMuz, from authority and bonding curve to vesting.
| Term | Meaning |
|---|---|
| Authority | On Solana, an address allowed to perform a restricted action such as minting or freezing. |
| Bonding curve | A pricing formula where a token's price rises as more of it is bought, used by some launchpads. |
| Burn | Permanently destroy tokens, reducing the supply. |
| Decimals | How many decimal places a token can be divided into. |
| ERC-20 | The standard fungible token on Ethereum and other EVM networks. |
| EVM | The Ethereum Virtual Machine. EVM networks run the same contracts. |
| Faucet | A service that gives free test coins on a testnet. |
| Freeze authority | The power to freeze individual token accounts so they cannot transfer. |
| Gas | The fee paid to a network to process a transaction. |
| Liquidity pool | Funds locked in a contract so a token can be traded on a decentralised exchange. |
| Mint | Create new tokens, increasing the supply. |
| Mint authority | The power to mint new tokens. |
| Multisender | A tool that sends a token to many wallets in a few transactions. |
| Non-custodial | You hold your own keys and funds. The service cannot move them. |
| Ownership | On EVM, the account allowed to call a contract's restricted functions. |
| Renounce ownership | Give up contract ownership permanently so restricted functions can never be used. |
| SPL token | The standard token on Solana. |
| Supply | The total number of tokens in existence. |
| Testnet | A practice network whose coins have no value. |
| Tokenomics | How a token's supply is created, distributed and used. |
| Transfer tax | A fee taken from each transfer or trade of a token. |
| Vesting | Releasing tokens gradually on a schedule instead of all at once. |