Glossary

OpenMotion - An All-In-One Web3 Ecosystem For Animation.

$ANME - OpenMotion token.

Token - A crypto token is a digital currency. It represents a utility and allows the holder to use it for investment or economic purposes.

Blockchain - A blockchain is a distributed database that is shared among the nodes of a computer network.

NFT - A non-fungible token (NFT) is a unique[disputed – discuss] and non-interchangeable unit of data stored on a blockchain, a form of digital ledger. NFTs can be associated with reproducible digital files such as photos, videos, and audio. NFTs use a digital ledger to provide a public certificate e World Wide Web based on blockchains, which incorporates concepts including of authenticity or proof of ownership.

Web3 - is an idea for a new iteration of decentralisation and token-based economics.

DAO - digital decentralized autonomous organisation.

INO - Initial NFT offering.

ERC20 - the technical standard for fungible tokens created using the Ethereum blockchain. A fungible token is one that is exchangeable with another token, whereas the well-known ERC-721 non-fungible tokens (NFTs) are not.

BEP20 - is a token standard on BNB Smart Chain (BSC) that extends ERC-20, the most common Ethereum token standard.