📚Glossary

List of key terms and definitions related to RDDT, RDDTOR, and NFTs

Our Glossary is like your trusty dictionary for navigating the world of AnonFi and HeyAnon™!

A

AI-Based Moderation A system that uses artificial intelligence to pre-moderate sensitive content and hate speech before posts are published on the HeyAnon™ platform.

Airdrop A distribution method for tokens where a percentage of tokens are distributed to $ANON holders or specific participants for free.

Alpha Testers Early adopters who test the initial version of the HeyAnon™ platform, providing critical feedback for improvements.

$ANON The primary token of the AnonFi ecosystem, essential for governance, staking rewards, and revenue sharing. It is also used for transactions, rewards, and payments on the HeyAnon™ platform.

Anon Anon is the vibrant and dynamic mascot of AnonFi. Embodying the spirit of our community—resilient, forward-thinking, and inclusive—Anon leads the way in the SocialFi revolution, guiding users through our decentralized platform with humor, warmth, and approachability.

Anons The term used to refer to members of the AnonFi community. As an Anon, you are part of a dynamic and engaged group of users who contribute to and benefit from the AnonFi ecosystem.

Anon NFTs The first NFT collection by AnonFi, featuring unique digital art that represents community status, access, and influence.

Aura Reputation System A reputation system on the HeyAnon™ platform that measures user involvement and contributions, awarding points for upvotes, posts, and comments.

B

Beta Testers Individuals who test the HeyAnon™ platform before its full public release, providing feedback to refine and improve the platform.

Blockchain A decentralized digital ledger that records transactions across many computers in a way that the registered transactions cannot be altered retroactively.

C

Communities User-created groups within the HeyAnon™ platform that focus on specific interests or topics, fostering niche discussions and interactions.

Consensus-Based Moderation A community-driven moderation system where moderators are selected based on their activity and reputation within the HeyAnon platform.

Crypto Wallet A digital wallet used to store and manage cryptocurrencies like the $ANON token.

Cryptocurrency A digital or virtual currency that uses cryptography for security and operates independently of a central authority.

D

DAO (Decentralized Autonomous Organization) A decentralized organization represented by rules encoded as a computer program, providing governance for the HeyAnon™ platform through $ANON token voting.

DeFi (Decentralized Finance) Financial services using cryptocurrencies that aim to democratize access to financial instruments without intermediaries.

Decentralization The distribution of power and control away from a central authority, promoting transparency and user control in platforms like HeyAnon™.

DEX (Decentralized Exchange) A peer-to-peer cryptocurrency exchange that operates without a central authority, allowing users to trade directly with one another.

E

Basename (Ethereum Name Service) A system that maps human-readable names to Base addresses, allowing for easier transactions on the HeyAnon™ platform.

ERC-20 A technical standard used for smart contracts on the Ethereum blockchain, including the $ANON token.

G

Governance The process by which $ANON token holders can vote on key decisions affecting the AnonFi ecosystem and HeyAnon™ platform.

H

HeyAnon™ The decentralized social finance platform that integrates both Web2 and Web3 technologies, leveraging $ANON tokens for transactions and rewards.

HODL A term used in the cryptocurrency community meaning to hold onto investments for the long term instead of selling.

I

ICO (Initial Coin Offering) A fundraising mechanism where new cryptocurrencies are sold to early backers in exchange for existing cryptocurrencies.

K

KYC (Know Your Customer) A process of verifying the identity of users to prevent fraud and comply with legal regulations, typically not emphasized in decentralized platforms like HeyAnon™.

L

Litepaper A concise document that provides an overview of the AnonFi ecosystem, including its vision, key components, products, features, and tokenomics. It is a shorter and less detailed version of the Whitepaper.

M

Mainnet The main network where actual transactions take place on a blockchain, as opposed to a testnet used for testing.

Meme Culture An internet culture where ideas, behaviors, styles, and images spread rapidly within a community.

N

NFT (Non-Fungible Token) A unique digital asset representing ownership of a specific item, such as an Anon NFT, which can be used as a profile picture or traded.

P

Presale A sale event for tokens before they are available to the general public, often at a discounted rate to incentivize early investment.

Profile Picture Integration The ability to use Anon NFTs as profile pictures on the HeyAnon™ platform and other compatible social media platforms.

Public Key A cryptographic key that can be shared openly, used to receive cryptocurrency transactions.

R

Revenue Sharing A system where the HeyAnon™ platform distributes a portion of its earnings to active users, content creators, and $ANON token holders.

S

Smart Contract Self-executing contracts with the terms of the agreement directly written into code, used extensively in the AnonFi ecosystem.

SocialFi (Social Finance): A concept that combines social media and decentralized finance (DeFi). It allows users to earn financial rewards for their social interactions, promoting decentralization, transparency, and user empowerment. SocialFi addresses issues like centralized control and censorship, creating a community-driven platform where users benefit from their contributions.

Staking The process of holding and locking up $ANON tokens to earn rewards, contributing to the security and functionality of the AnonFi ecosystem.

T

Testnet A testing environment for blockchain projects where developers can test new features without affecting the main network (mainnet).

Tokenomics The economic model of the $ANON token, including supply, distribution, and use cases within the ecosystem.

U

Utility Token A type of cryptocurrency used to access or purchase a specific product or service within a platform, such as $ANON on the HeyAnon™ platform.

V

Voting Rights The ability of $ANON token holders to vote on key decisions and proposals affecting the governance and future of the AnonFi ecosystem.

W

Web3 A new generation of the internet that uses blockchain technology to decentralize control, offering enhanced privacy, security, and user empowerment.

Whitepaper A detailed document that provides comprehensive information about the AnonFi ecosystem, including technical details, in-depth explanations of features, tokenomics, and future vision.

X

X (formerly Twitter) A social media platform that can be linked to HeyAnon™ accounts for customized usernames and profile pictures.