Reference
Glossary
- ICO
- Initial Coin Offering — a sale of a new token before it trades publicly.
- SOL
- The native currency of the Solana network.
- Minimum raise
- The amount an offering must reach to succeed.
- Hard cap
- The most an offering will accept.
- FCFS
- First come, first served allocation.
- Pro-rata
- Allocation proportional to commitment, with excess returned.
- Cliff
- A period before any tokens unlock.
- Vesting
- Gradual unlocking of tokens over time.
- Liquidity
- Tokens and SOL placed in a market so people can trade.
- Allowlist
- A list of accounts approved to take part in a private offering.
- Vault
- A program-controlled account that would hold contributions (planned).