Glossary
UNIRA Token: The native digital currency of the UNIRA DeFi protocol, designed for decentralized transactions and community engagement.
$UNIRA: Short representation of UNIRA token.
DeFi: Short for Decentralized Finance, it refers to financial services and applications built on blockchain technology, aiming to democratize and decentralize traditional financial systems.
Tax Economy: A mechanism within UNIRA where a fixed percentage tax is levied on token transactions to fund various ecosystem activities.
Hyperdeflationary: An economic model where the total supply of a token continually decreases, often achieved through burning tokens.
Elastic Supply: A token supply that can change dynamically based on certain conditions, ensuring sustainability and adaptability.
Smart Contract: Self-executing contracts with the terms of the agreement between buyer and seller directly written into code.
Liquidity: The ease with which an asset can be bought or sold without significantly affecting its price.
DAO (Decentralized Autonomous Organization): A blockchain-based organization represented by rules encoded as a computer program, controlled by organization members.
NFT (Non-Fungible Token): Unique digital assets that represent ownership of a specific item or piece of content, often used in digital art and collectibles.
DAO Treasury: A reserve of funds used for various purposes, including supporting protocol activities.
Revenue: Income generated by the protocol through various means, contributing to its sustainability.
Tax Penalty: A fee imposed on token holders who fail to meet the Activity Mandate, encouraging active engagement.
Tranche: Smart contracts in the UNIRA protocol for holding tokens or assets.
Activity Mandate: A rule requiring token holders to transact a minimum percentage of their holdings every 14 days to maintain engagement.
Lap: A 14-day period that divides each Season, serving as a cycle for events and rewards.
Trigger: A smart contract event that can be activated by $UNIRA token holders to initiate various actions within the protocol.
Temporary Tranche: A smart contract that accumulates $UNIRA tokens collected from taxes until a threshold of $5000 worth of tokens is reached.
Lap Tranche: A smart contract storing $UNI tokens received from the Temporary Tranche during a 14-day Lap, with rewards distributed upon Trigger activation
Lap Dividend: Rewards distributed to $UNIRA holders at the end of each Lap as an incentive for continued engagement.
Permanent Tranche: A storage mechanism for $UNI tokens, released to $UNIRA holders as a Mega reward during Relaunch.
Tucking: A provision allowing users to exempt their tokens from the Activity Mandate by paying a fixed tax of 1% on total tucked tokens in every 14 days.
Relaunch: A pivotal event within the UNIRA protocol that marks the end of a Season and initiates a new one, resetting token supplies and rewarding active participants.
Business DAO: A decentralized autonomous organization focused on supporting UNIRA's sustainability and growth.
NFT Branding: Building and promoting UNIRA's digital identity using NFTs.
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