Common Terms

Term	Definition
Blockchain	Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. In layman's terms, a blockchain is essentially public digital receits of all transactions that happen on-chain.
Burn Tokens	Burning tokens means to permanently remove a number of tokens from circulation. The most common method is sending tokens to a dead wallet.
Centralized Exchange (CEX)	A CEX is a platform owned and operated by a single entity acting as an intermediary between buyers and sellers and operates off-chain. Examples of CEX's include Binance, Coinbase, and Crypto.com.
Claim	Claim typically means a action taken by a holder to withdraw a reward they have earned from a smart contract. In the case of LINQ this could mean several things. Claiming LP is when a holder of $LINQ has earned a claimable balance of LINQ LP tokens. These can be claimed through the DAPP or on etherscan. Claiming ETH could be referencing claiming pending rewards from staking. In any case Claims always require a certain amount of Ethereum Gas or GWEI to process the transaction and interact with the smart contract in question.
Compounding	Compound, to savers and investors, means the ability of a sum of money to grow exponentially over time by the repeated addition of earnings to the principal invested. Each round of earnings adds to the principal that yields the next round of earnings. In savings accounts, this is called compound interest. In the case of $LINQ this could be done in several ways. The first of which is compounding LP rewards claims back into owning more $LINQ, another way could be the rewards from staking LP tokens for example. In the future the protocol might add automated functions to allow holders to compound their rewards with less steps involved.
Contract Address / CA	CA is a acryonm for Contract Address. In the context of Crypto it typically refers to the ERC-20 address of a specific smart contract. In the case of LINQ it could be regarding the primary $LINQ contract, or the LP token contract
Contract Functions	A function is a piece of reusable code which can be called within or outside of a smart contract. Staking, viewing rewards, checking your balance are a few examples on what calling functions entails.
Dead Wallet	Dead wallets hold crypto assets, but are inaccessable to retrieve the cryptocurrency. Crypto projects or businesses often send tokens to a dead wallet if they want to remove tokens from circulation.
Decentralized Exchange (DEX)	A DEX is a peer-to-peer marketplace where users can trade cryptocurrencies in a non-custodial manner without the need for an intermediary to facilitate the transfer and custody of funds.An example of a DEX would be Uniswap, where $LINQ can be purchased.
Decentralized Liquidity	Decentralized liquidity is the primary innovation of the LINQ protocol, also known as Linquidity. It is the concept of using the Uniswap V2 technology to fully decentralize the ownership of the liquidity pool of LINQ. The concept revolves around the minting of New LP tokens as well as the LINQ Teams initial liquidity being fairly distributed to all holders of $LINQ token. This is done through a mechanism that converts some of the value taken from every single swap of $LINQ token and creating Liquidity Tokens (LP). This process happens automatically in the background and holders of $LINQ accrue an ever growing balance of LP tokens based on their total holdings of $LINQ. To process one of these claims a user must simply go to the dapp and pay a small gas cost to recieve the pending due LP tokens for their account. To learn more about Liquidity pools and how they work there are resources in this documentation hub, as well as online else where.
Dune / Dashboard	When referring to the Dashboard for $LINQ we are referring to the Dune Analytics dashboard page that has been created to summarize the onchain data about LINQ protocol. This page has many different useful facts and figures regarding LINQ, and in the future will also show details about staking and the on chain results from that. Anyone who wishes to make a free Dune Analytics account with an email can refresh the panels if they are out of sync and get the most current information from the blockchain.
ERC-20	ERC-20 (Ethereum Request for Comment 20) is the implemented standard for fungible tokens created using the Ethereum blockchain.
Ethereum ($ETH)	$ETH is the native currency for the Ethereum blockchain and is the currency that most investors will use when purchasing $LINQ.
Gas	Gas or Gas Cost in the context of crypto refers to the amount of transaction fee a user must submit in addition to their transaction to incentivize the blockchain validators to process their transaction. Learning more about how blockchains work and specifically Ethereum is a effort of deep study, but in simple terms for any action to happen on the blockchain users must pay transaction fees that range in cost depending on how congested or busy the network is at the time of submitting. There are many tools to look at when gas costs are high but it is a fact of the blockchain when things are busy the costs to transact grow.
Gas limit	The gas limit refers to the maximum amount of gas you are willing to consume on a transaction. More complicated transactions involving smart contracts require more computational work, so they require a higher gas limit than a simple payment. A standard ETH transfer requires a gas limit of 21,000 units of gas. For example, if you put a gas limit of 50,000 for a simple ETH transfer, the EVM would consume 21,000, and you would get back the remaining 29,000. However, if you specify too little gas, for example, a gas limit of 20,000 for a simple ETH transfer, the EVM will consume your 20,000 gas units attempting to fulfill the transaction, but it will not complete. The EVM then reverts any changes, but since the validator has already done 20k gas units worth of work, that gas is consumed.
GWEI	Gwei is a portmanteau (a blend of words) of giga and wei. Gwei is a denomination of the cryptocurrency ether (ETH), the digital coin used on the Ethereum network. Ethereum is a blockchain platform, like Bitcoin, where users transact to buy and sell goods and services without a middle man or interference from a third party. Similar to fiat currencies like the U.S. dollar or euro, ether is broken into denominations. Wei is the smallest denomination of ether, like cents are to the U.S. dollar. However, while there are 100 cents in a dollar, there is one quintillion wei (18 zeros) to one ether; there are one billion gwei to one ether.
Linq marines	The LINQ Marines is a self labeled group of holders of LINQ who are active in spreading the word about the LINQ protocol to others on social media. The moniker has been taken as a way for individuals within the community to rally around a specific organizational unit concept.
Linqing	Linqing refers to the concept of completely compounding all rewards given by the LINQ protocol back into $LINQ token. This process involves the following or more: Claim LP tokens, Stake LP tokens, Claim ETH pending, and acquire more LINQ. In the future this can be enhanced by adding in the $LINQ staking mechanism which will also reward ETH. So in the future someone who is "Linqing" is Staking LINQ, Claiming LP tokens, Claiming ETH from LINQ stake, Staking LP tokens, and Claiming ETH from LP stake.
Linqonomics	Linqonomics are the Tokenomics for $LINQ. Buys and sells are both taxed at 6%. 3% of every transaction is autogenerated liquidity that is claimable by $LINQ token holders in proportion to their $LINQ holdings. The other 3% is used for ETH stake rewards and development of the project.
Linquidity	Linquidity refers to the concept of decentralized liquidity innovated on by the LINQ protocol. Please see the entry on Decentralized liquidity to learn more
Liquidity Locker	Liquidity locking is the concept in the crypto industry where investors of a protocol are protected from malicious or unintended effects of a Liquidity Pool owner Removes LP or "Rug Pulling" the value of the token from the rest of the holders. This liquidity locking concept involved a centralized authority enacting a on chain "time lock" effectively keeping the intrinsic value of the LP tokens that make up a liquidity pool out of the hands of the owner to interact with. The tokens still act out their role in the mechanism of liquidity provision, but can not be interacted with by the owner of the tokens until the locking period has matured. This entire concept makes up a vast revenue stream in the crypto industry and has long been the standard operation for projects, especially startups and new projects. LINQ protocol changes this concept entirely by distributing these LP tokens previously locked by a centralized authority or left entirely in the trust ownership of the project owner and giving them to the whole pool of LINQ owners. This novely is just being explored for the first time and is the primary strength of the protocol
Liquidity Value, Liquidity Pool, Pool, Pool value	Liquidity value in the decentralized world refers to the idea of a liquidity pool value. On a DEX protocol this value is achieved by a complex mathematical equation depending on which technology is being used. The liquidity value is in essence the intrinsic value of a token that is then applied to the Automated Market Maker or AMM on a dex protocol. One of LINQ protocols primary strengths is its ability generate incredible liquidity values which help support the token price.
LocQer	The LocQer for LINQ protocol refers to the idea of outside protocols using LINQ technology to decentralize their LP via a suite of tools being designed and developed. The LocQer is part of phase 1.5
LP	LP can refer to a few things. It could be the LP token, the Liquidity Value, the Liquidity Pool, or also Liquidity Provisioning. In general LP covers a broad range of concepts about Liquidity on a DEX protocol. In specific to LINQ it generally refers to the LP tokens claimable by holding $LINQ
Lp distribution	LP distribution in LINQ protocol is the process by which swap based volume is converted into Liquidity Tokens that are then distributed out to be claimed by holders of $LINQ based on their holdings. This balance of pending LP tokens accrues over time and can be claimed by the user
LP Token	LP Token is also referred to as liquidity provider token, pool token, and liquidity tokens. An LP token is a crypto token given to users who loan their crypto to a liquidity pool. $LINQ rewards holders with decentralized liquidity by providing LP tokens as rewards from the linqonomics.
Non-Custodial Wallets	A non-custodial wallet is where the crypto owner is fully responsible for managing their funds. Examples of non-custodial wallets includes MetaMask, Trust Wallet, and Coinbase Wallet.
Off-Chain	Off-chain refers to transactions occuring on a cryptocurrency network that moves the value outside of the blockchain. The cryptocurrency is being traded or sent within a contained ecosystem, such as with a CEX.
On-Chain	On-chain refers to blockchain transactions that exist on and have been verified to the blockchain.
Pending, Pending Balance, Pending Claim	Pending,Pending claim, or Pending balance can refer to the concept of rewards accrued for various different actions both passive or active in the LINQ protocol. Typically Pending Claim means that a holder of $LINQ has accrued a value of LP tokens or ETH rewards and these values can be claimed by each participant individually.
Phrase	Definition
Private Key	A private key is a long alphanumeric code that acts similarly to a password. Private keys are used to authorize cryptocurrency transactions. Never provide your private key to anyone or input it in any websites. You will only need to use it to import your crypto to another wallet.
Read contract	You can view wallet specifics that interact with the smart contract. Read contracts allow you to query information without needing to connect your wallet to Etherscan. For $LINQ, there are some references in the docs on interacting with Etherscan and the Token Contract.
Recovery Phrase	A recovery phrase, also known as a seed phrase, is a series of words generated by your non-custodial wallet that gives you access to the crypto associated with that wallet. Never provide your recovery phrase to anyone or input it in any websites. You will only need to use it to import your crypto to a wallet.
Redistribution	Redistributions in crypto are typically from the tokenomics and gives a portion of each transaction back to the holders. $LINQ holders receive LP token redistribution rewards due to the linqonomics. These rewards need to be claimed manually to ensure lower gas fees for holders.
Rewards	Rewards come in two ways with $LINQ. One is the LP token's you get from redistributions and the other is the passive income you get for staking your $LINQ and LP Tokens. These rewards are paid out in Ethereum and have to be claimed manually.
Rug Pull	A rug pull is a scam where a group often hypes up their project to gain liquidity from investors and then removes the liquidity so the investors tokens are essentially worthless. $LINQ is solving this problem with decentralized liquidity.
Slippage	Slippage is referenced as a percentage and is the amount you're willing to pay in case of higher volume. To calculate slippage, take the tax of the token and add an extra percent. $LINQ's tax is 6%, and an ideal slippage would be 7% unless there's higher volume.
Social FI	SocialFi brings together the principles of social media and decentralized finance (DeFi). SocialFi platforms offer a Web3 (decentralized) approach to creating, managing and owning social media platforms and the content generated by its participants. At the heart of SocialFi, applications are content creators, influencers and participants who want better control of their data, freedom of speech and the ability to monetize their social media following and engagement. Monetization typically happens in cryptocurrencies, while identity management and digital ownership are driven by nonfungible tokens (NFTs). These platforms are structured as decentralized autonomous organizations (DAOs) that are better suited to prevent centralized censorship decisions. As blockchain technology has come in leaps and bounds in the last few years, SocialFi infrastructure is able to cope with throughputs required for social media interactions. Social FI for LINQ is part of the Phase 2 development where a comprehensive specialized Social Fi App will be built. Please read the documentation on phase 2 to learn more
Stake	Staking is a way of earning rewards for holding certain cryptocurrency. Holders can stake $LINQ or LP tokens to accumulate rewards.
StaQing	StaQing is a LINQ specific stylized name for the various different Staking options available to $LINQ holders.
Tax distribution	Tax distributions in crypto typically refer to a swap based tax applied to every single buy and sell of a specific asset. This tax is then used to fund various different project related expenses, and/or provide incentives for actions by participants in the protocol. In LINQ tax distributions comprise of Liquidity Token distribution as well as Ethereum rewards from taxes
Tax Flush	Flushing is the process of deploying a contract to a predetermined address when a set of conditions is met. $LINQ redistributes rewards once enough volume has been met, thus 'flushing' the contract.
Tax, Swap Tax	Tax in crypto is referenced as a percentage. It is stating how much of your crypto will be deducted from your requested purchase. Tax for $LINQ is 6% for buys and 6% for sells. These taxes are used to reward holders within the linqonomics.
Time Lock	A time-lock is a smart contract that restricts the spending of some digital assets until a specified future time or block height. For $LINQ, a time-lock is used to lock away $LINQ or LP tokens while staking for a predetermined period of time.
Token	Crypto tokens are digital representations of interest in an asset or used to facilitate transactions on a blockchain. $LINQ is a token on the Ethereum blockchain.
Token Contract	A token contract is a smart contract that contains a map of account addresses and their balances. The balance represents a value that is defined by the contract creator. Examples of token contracts include using balances to represent physical objects or monetary value. The unit of this balance is commonly called a token.
Tokenomics	Tokenomics is combining both 'token' and 'economics' to describe a cryptocurrency tokens supply, tax, and utility.
UINT256	UINT256 is an unsigned integer value that can store up to a 256-bit integer or data units.
Uni-V2	Uni-V2 tokens are the name of LP tokens on the V2 Uniswap protocol. This name is a catch all term for every LP token and for each Liquidity Pair using V2 Uniswap there will be a Uni-V2 token contract that manages the liquidity pool
Uniswap V2	Uniswap V2 allows traders to directly swap from one ERC-20 token to another ERC-20 token. $LINQ can be purchased by swapping another ERC-20 token or $ETH for it.
Volume	Volume refers to the total number of times crypto is traded in a given period. The more $LINQ that is bought and sold, the more LP tokens are redistributed to holders.
write contract	Referring to an Etherscan smart contract that will interact with your wallet and different contract functions.