Glossary

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A

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Address

A unique identifier for wallets and smart contracts on the blockchain. Looks like: 0x1234...abcd

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Airdrop

Free distribution of tokens to users based on certain criteria, such as points earned or platform activity.

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AMM (Automated Market Maker)

A protocol that uses mathematical formulas to price assets automatically, eliminating the need for traditional order books. InkySwap uses the formula x * y = k.

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APY (Annual Percentage Yield)

The real rate of return on liquidity provision, accounting for compound interest over one year.

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B

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Bonding Curve

An automated pricing mechanism where token price increases exponentially as supply decreases. InkyPump uses: P = a * e^(bx)

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Burned Liquidity

Liquidity pool tokens that are permanently destroyed, making it impossible to withdraw the liquidity. This prevents rug pulls.

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Buy Pressure

Market demand pushing token prices upward through increased purchasing activity.

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C

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Contract Address

The blockchain address where a smart contract (like a token) is deployed. Used to interact with and verify tokens.

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Cloudflare Turnstile

Security verification system protecting certain API endpoints from abuse and bots.

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D

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DEX (Decentralized Exchange)

A peer-to-peer marketplace where transactions occur directly between traders without intermediaries. InkySwap is a DEX.

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Developer Holdings

Percentage of token supply held by the token creator. Lower percentages generally indicate better decentralization.

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Dutch Auction

An auction where the price starts high and decreases over time until someone bids. Used for Emperor of the INK selection.

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E

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Emperor of the INK (EOTI)

The daily featured token on InkyPump’s homepage, selected through Dutch auction. Provides 24-hour premium visibility.

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ETH (Ethereum)

The native cryptocurrency of Ethereum and Ink L2, used for gas fees and trading.

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ERC-20

The technical standard for fungible tokens on Ethereum-compatible blockchains.

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F

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Fair Launch

Token distribution model with no pre-mine, private sale, or team allocation. All users have equal opportunity to buy.

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Funding Progress

Percentage of tokens sold during the bonding curve phase (0-100%). At 100%, the token “graduates” to full trading.

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Fungible Token

Tokens that are interchangeable with each other. Each token is identical in value and properties.

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G

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Gas Fees

Transaction costs paid to process operations on the blockchain. Required for all on-chain activities.

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Graduated Token

A token that has completed its bonding curve phase (100% funded) and now trades on regular DEX markets.

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H

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Holder Distribution

How token ownership is spread across different wallets. Better distribution = more decentralization.

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Homepage Placement

Premium visibility position on InkyPump’s main page, reserved for Emperor of the INK tokens.

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I

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Ink (L2)

Kraken’s Layer 2 blockchain where InkySwap operates. Provides faster, cheaper transactions than Ethereum mainnet.

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InkyPump

The token launch platform using bonding curves for fair token distribution and price discovery.

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InkySwap

The decentralized exchange for trading graduated tokens with permanent liquidity protection.

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K

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King of the INK (KOTI)

The token with the highest market cap currently in the funding phase on InkyPump.

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Kraken

Major cryptocurrency exchange that created the Ink L2 blockchain.

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L

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Layer 2 (L2)

A blockchain that operates on top of Ethereum, inheriting its security while providing faster and cheaper transactions.

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Liquidity

The amount of assets available for trading in a pool. More liquidity = less price impact on trades.

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Liquidity Pool (LP)

Smart contract holding reserves of two tokens that enables automated trading between them.

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LP Tokens

Tokens representing ownership share of a liquidity pool. In InkySwap, these are burned to prevent rug pulls.

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M

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Market Cap (Market Capitalization)

Total value of all tokens in circulation. Calculated as: token price × circulating supply.

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Meme Token

Cryptocurrency inspired by internet memes or jokes, often community-driven with viral potential.

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MetaMask

Popular browser extension wallet for interacting with Ethereum-compatible blockchains.

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P

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Permanent Liquidity

Liquidity that cannot be removed from the pool because LP tokens are burned at creation.

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Points

Rewards earned through platform activity (trading, creating tokens, referrals) that contribute to future airdrops.

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Post-Bond Trading

Trading tokens after they’ve graduated from the bonding curve. Available on both InkyPump and InkySwap.

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Pre-Bond Trading

Trading tokens still in the bonding curve phase, only available on InkyPump.

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Price Impact

How much a trade affects the token price. Larger trades relative to liquidity cause higher price impact.

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Progressive Web App (PWA)

Web application that can be installed like a native app, providing enhanced performance and offline capabilities.

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R

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Rate Limiting

API usage restrictions to ensure fair access and platform stability. Limits vary by user tier.

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Referral Code

Unique identifier for tracking new users brought to the platform. Referrers earn 10% of referred users’ points.

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Rug Pull

Scam where developers drain liquidity pools, leaving investors with worthless tokens. Prevented on InkySwap through burned LP tokens.

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S

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Slippage

Difference between expected and executed price due to market movements during transaction processing.

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Smart Contract

Self-executing code on the blockchain that automatically enforces agreed-upon rules without intermediaries.

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Social Links

Token project’s community channels (Telegram, Twitter, website) for communication and updates.

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Swap

Exchange of one token for another at current market rates.

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T

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Token

Digital asset representing value, utility, or ownership on the blockchain.

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Token Creation

Process of deploying a new token on InkyPump with bonding curve mechanics. Costs 0.001 ETH.

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Top 10 Holders

The ten wallets holding the most of a particular token. Their combined percentage indicates concentration.

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Trading Volume

Total value of tokens traded over a specific period (usually 24 hours).

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Transaction Hash (Tx Hash)

Unique identifier for a blockchain transaction, used to track and verify operations.

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Turnstile Token

Security verification token from Cloudflare required for certain sensitive API operations.

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U

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Uniswap V2

The AMM protocol that InkySwap is based on, using the constant product formula x * y = k.

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V

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Volatility

Degree of price variation over time. Higher volatility = larger price swings.

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Volume (24h)

Total trading activity in the last 24 hours, measured in ETH or USD.

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W

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Wallet

Software or hardware that stores cryptocurrency private keys and enables blockchain transactions.

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WalletConnect

Protocol enabling connection between mobile wallets and web applications through QR codes.

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Web3

The decentralized web built on blockchain technology, emphasizing user ownership and control.

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WETH (Wrapped ETH)

ERC-20 compatible version of ETH that can be traded like other tokens on DEXs.

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Whitelist

List of approved addresses allowed to participate in certain activities (not used in InkySwap’s fair launch model).

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Symbols & Numbers

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0x

Prefix for Ethereum addresses and hexadecimal values.

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24h

24-hour time period, commonly used for tracking volume and price changes.

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100% Funded

Token has sold all bonding curve supply and graduated to full DEX trading.

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10% Referral Bonus

Percentage of points earned from referred users’ activities.

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Mathematical Formulas

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