Glossary

To help clarify terms used in this documentation, here’s a glossary of key terms and acronyms:

RWS (Real World Services)

Refers to services provided by people (or organizations) in the real world (consulting, freelancing, design, education, etc.) which CRE8 brings on-chain through tokenization. Analogous to RWA (Real World Assets) but for services.

SPL Token

Solana Program Library Token, the standard for fungible and non-fungible tokens on the Solana blockchain (comparable to ERC-20/ERC-721 on Ethereum).

Service Token / Service NFT

A token representing a service contract or gig. Often non-fungible (unique per job or offering).

Escrow

A financial arrangement where a third party (here, a smart contract) holds funds until specified conditions are met (job completion, etc.)

$CRE8

The native cryptocurrency token of the CRE8 Finance platform, used for fees, staking, governance, and payments

Staking

Locking up tokens (like $CRE8) to support network operations (or platform functions) in exchange for potential rewards.

KYC (Know Your Customer)

A process to verify user identity, often by checking ID documents, to comply with financial regulations

AML (Anti-Money Laundering)

Regulations and processes to prevent illicit funds flow; in crypto, involves monitoring transactions for suspicious activity.

SDK (Software Development Kit)

A set of tools and libraries provided to developers to help them build on or integrate with a platform.

API (Application Programming Interface)

Endpoints and protocols that allow different software systems (or components) to communicate. CRE8’s API lets external applications interact with the CRE8 platform.

PDA (Program Derived Address)

A special Solana address (account) that is derived by a program (smart contract) and often used to hold funds or data in escrow or other programmatic use, with a guarantee that only that program can control it.