# Glossary

1. **UNIRA Token**: The native digital currency of the UNIRA DeFi protocol, designed for decentralized transactions and community engagement.
2. **$UNIRA**: Short representation of UNIRA token.
3. **DeFi**: Short for Decentralized Finance, it refers to financial services and applications built on blockchain technology, aiming to democratize and decentralize traditional financial systems.
4. [**Tax Economy**](unira-defi/tax-economy): A mechanism within UNIRA where a fixed percentage tax is levied on token transactions to fund various ecosystem activities.
5. [**Hyperdeflationary**](unira-defi/hyperdeflation-and-elasticity): An economic model where the total supply of a token continually decreases, often achieved through burning tokens.
6. [**Elastic Supply**](unira-defi/hyperdeflation-and-elasticity): A token supply that can change dynamically based on certain conditions, ensuring sustainability and adaptability.
7. **Smart Contract**: Self-executing contracts with the terms of the agreement between buyer and seller directly written into code.
8. **Liquidity**: The ease with which an asset can be bought or sold without significantly affecting its price.
9. **DAO (Decentralized Autonomous Organization)**: A blockchain-based organization represented by rules encoded as a computer program, controlled by organization members.
10. **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.
11. **DAO Treasury**: A reserve of funds used for various purposes, including supporting protocol activities.
12. **Revenue**: Income generated by the protocol through various means, contributing to its sustainability.
13. [**Tax Penalty**](unira-defi/penalty): A fee imposed on token holders who fail to meet the Activity Mandate, encouraging active engagement.
14. **Tranche**: Smart contracts in the UNIRA protocol for holding tokens or assets.
15. [**Activity Mandate**](unira-defi/activity-mandate): A rule requiring token holders to transact a minimum percentage of their holdings every 14 days to maintain engagement.
16. [**Lap**](unira-defi/lap): A 14-day period that divides each Season, serving as a cycle for events and rewards.
17. [**Trigger**](unira-defi/triggers): A smart contract event that can be activated by $UNIRA token holders to initiate various actions within the protocol.
18. [**Temporary Tranche**](unira-defi/temporary-tranche): A smart contract that accumulates $UNIRA tokens collected from taxes until a threshold of $5000 worth of tokens is reached.
19. [**Lap Tranche**](unira-defi/lap-tranche): A smart contract storing $UNI tokens received from the Temporary Tranche during a 14-day Lap, with rewards distributed upon Trigger activation
20. [**Lap Dividend**](unira-defi/lap-dividend): Rewards distributed to $UNIRA holders at the end of each Lap as an incentive for continued engagement.
21. [**Permanent Tranche**](unira-defi/permanent-tranche): A storage mechanism for $UNI tokens, released to $UNIRA holders as a Mega reward during Relaunch.
22. [**Tucking**](unira-defi/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.
23. [**Relaunch**](unira-defi/relaunch-mechanics): 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.
24. [**Business DAO**](business-dao): A decentralized autonomous organization focused on supporting UNIRA's sustainability and growth.
25. **NFT Branding**: Building and promoting UNIRA's digital identity using NFTs.

