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.
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