Terminologies of Guild Token You Should Want To Know In 2021

Some terminologies to increase your knowledge

Tez – Tezos

Mutez – The smallest subunit of XTZ is the “mutez,” which is 10-6 XTZ or one millionth of an XTZ(0.000001 Tez).  A Mutez is like a penny is to a dollar. The smallest unit of measure for Tezos is the mutez. 1,000,000 mutez = 1 Tezos

Temple Wallet – A secure Cryptocurrency wallet for the Tezos Blockchain as a web extension for your browser. Designed for Firefox, Chrome Opera or Brave (not compatible with Safari).

Dapp – Decentralized applications (dApps) are digital applications or programs that exist and run on a blockchain or P2P network of computers instead of a single computer, and are outside the purview and control of a single authority or person.

Users – Program participants.

Txs – Transactions (Tezos transactions are lower than any ERC20 transaction fee)

Pool Rewards – Earned rewards from the Guild pool, calculated from the 2% of a Participant upon program entry and the 2% from a Participant upon program exit.

Distribution Rewards – Earned rewards from the Distribution of the 6% a Participant upon program entry and the 3% from a Participant upon program exit.

Stake Rewards – Earned rewards from staking.

Re-Roll Rewards – Earned rewards from staking, pool rewards and distribution rewards are available to be put back into the program thus compounding your earnings. (there is a small transaction fee by the blockchain)