TENAMINT is new and we understand that if you're new to the hobby, web3, or all of the above - it can be confusing to wrap your head around all of the terms we may use. With so many complex terms and concepts to wrap your head around, it can be difficult to know where to start. That's why we've put together a glossary of the most important terms related to TENAMINT. By the end of this post, you'll have a solid understanding of the essential concepts and terms related to Tenamint. So if you're ready to dive in and learn more, read on!
$NEAR: The native cryptocurrency of the NEAR Protocol. It is used to secure the network, pay for transaction fees, and as a means of exchange within the ecosystem.
$TNMT: The official TENAMINT token which provides governance functionality for the primary TENAMINT DAO
Appraisal: The process of determining the value of the physical card. TENAMINT utilizes card industry recognized appraisal service to provide an unbiased and professional card value. TENAMINT drops debut at this appraisal price.
Autograph Card: An "autograph card" or "auto" for short is a type of collectible trading card that features a player's signature. These cards are usually produced by card companies and are included in sports trading card sets. Autograph cards are highly valued by collectors and fans due to the personal connection they provide with the player. Some autograph cards also feature other types of player memorabilia, such as game-worn jersey pieces or pieces of game-used equipment, making them even more unique and valuable. Autographed cards are generally more appreciated when the autograph is on the card itself ("on-card auto") rather than on a sticker placed on the card ("sticker auto").
Blockchain: The blockchain is a distributed ledger technology that allows multiple parties to record and verify transactions without the need for a central authority. It uses cryptography to secure and verify the integrity of the transaction data, creating an immutable and transparent record of all transactions.
Card Token: A type of fractional digital collectable token that represents a collectible trading card.
DAO: Decentralized Autonomous Organization, a digital organization that is run by a set of rules encoded in smart contracts on a blockchain, rather than by a central authority.
Drop: A card drop is the initial product release of a newly listed card and its respective card tokens on TENAMINT.
ERC-1155: A smart contract standard for the Ethereum blockchain that allows for the creation of tokens that can represent multiple assets within a single contract. It allows for the efficient handling of multiple assets and fungibility within a single token.
ERC-20: A set of standards for issuing and managing fungible tokens on the Ethereum blockchain. It is the most widely used token standard in the Ethereum ecosystem, allowing for the creation of smart contracts that can be used to represent various types of assets and utility.
ERC-721: A smart contract standard for the Ethereum blockchain that allows for the creation of non-fungible tokens (NFTs). These tokens represent unique digital assets, such as collectible items or in-game assets, that cannot be exchanged for an identical item.
Ethereum: A decentralized, open-source blockchain platform that allows for the creation and execution of smart contracts and dApps.
Fractionalized: The process of dividing a larger unit of an asset into smaller, more affordable units that can be owned by multiple collectors.
Fungible: Fungible refers to something that is interchangeable with other items of the same type and value. In the context of blockchain, fungible tokens are digital assets that are interchangeable with each other, such as cryptocurrencies like Bitcoin and Ethereum. Each unit of the token has the same value and can be exchanged for another unit of the same token.
Gas: A small amount of cryptocurrency that is required to pay for the computational resources needed to execute smart contracts and transactions on a blockchain.
Grade: A card grade refers to the condition of a collectible card, such as a trading card or sports card. Grading companies assign a grade, usually on a scale of 1 to 10, to indicate the card's overall condition. A grade of 10 would indicate a perfect, mint condition card, while a grade of 1 would indicate a heavily damaged or worn card. The grade takes into account factors such as the card's centering, corners, edges, surface, and overall eye appeal.
Grading: In the context of collectible cards, grading refers to the process of evaluating the condition and quality of a card. A professional third-party grading company will assign a grade to a card based on factors such as the card's centering, corners, edges, surface, and authenticity. The grade is usually represented as a numerical value or a descriptor such as "mint" or "poor" and it's used to indicate the overall condition of the card and it can affect the value of the card.
Hobby: The hobby is the all-encompassing word to describe the card collecting hobby and ecosystem.
Marketplace: The marketplace is a secondary marketplace where the card tokens can be bought and sold after the initial product release (drop) has been completed.
Minting: The process of creating new digital assets, such as tokens or NFTs, and adding them to a blockchain.
MTS: Multi-Token Standard
Multi-Token Standard: The Multi-Token Standard (or MTS) a smart contract standard that allows for the creation of tokens that can represent multiple assets within a single contract. It allows for the efficient handling of multiple assets and fungibility within a single token. This standard is optimal for truly representing fractionalized assets. This token standard is utilized to represent the fractionalization of the trading cards featured on TENAMINT.
NEAR Protocol: NEAR is a decentralized, open-source blockchain platform designed to enable the development and deployment of decentralized applications (dApps). The NEAR protocol also includes built-in developer tools and a user-friendly interface to make it easier for developers to build and deploy dApps on the platform. NEAR aims to provide a platform for developers to build decentralized apps with a high degree of scalability, security, and ease of use.
NEAR: NEAR Protocol, an open-source, decentralized application platform that allows for the creation and execution of smart contracts.
NEP-245: NEP-245 is a smart contract standard for the NEAR blockchain that allows for the creation of tokens that can represent multiple assets within a single contract. It allows for the efficient handling of multiple assets and fungibility within a single token. This token type is utilized to represent the fractionalization of the trading cards featured on TENAMINT.
NFT: Non-Fungible Token, a type of digital asset that represents ownership of a unique item or piece of content, such as a digital artwork. NFTs are stored on a blockchain and can be bought, sold, and traded like physical assets.
Non-Fungible: Non-fungible refers to something that cannot be replaced or exchanged with something else of equal value. In the context of blockchain, non-fungible tokens (NFTs) are unique digital assets that cannot be replicated, they are one-of-a-kind and represent ownership of a specific item or asset such as digital art, collectibles, gaming items and more.
Platform: The TENAMINT digital infrastructure that makes it possible for users to buy, sell, and build their collection.
Population Report: A report which provides information on how many of a specific card have been graded and in what condition. This report is generally provided by the grading companies.
Pull: The process of getting a card from an unopened card pack.
Rewards: TENAMINT rewards generally refer to the distribution of the service fee that is charged to the buyer of every transaction. Rewards can be earned by being the initial card lister or a card token holder. Other rewards and reward earning opportunities may be available as well.
Rookie Card (RC): Generally, a "rookie card" is a type of collectible trading card featuring a player's first appearance in a professional sports league. It is produced and released by card companies for fans and collectors. Rookie cards are often highly sought after due to their historical significance as the player's first officially licensed card, as well as their potential investment value if the player goes on to have a successful career. They can also be valuable due to their rarity, as many factors such as production numbers and demand can influence their scarcity.
Rookie Patch Autograph (RPA): A "rookie patch autograph" is a type of collectible card found in sports trading card sets, usually in the sport of basketball. The term "rookie" refers to a player's first year in the league, while the "patch" refers to a swatch of a player's game-worn jersey, which is usually placed on the card. An "autograph" is a signature made by the player. So, a "rookie patch autograph" is a collectible card featuring a signature by a first-year player and a piece of their game-worn jersey. These cards are highly sought after by collectors and can be valuable due to their rarity and unique combination of player memorabilia.
Slab: A slab is a protective case primarily used to encase a collectible card, that has been graded. Slabs generally include a label which provides card details such as a description, serial number, and assigned grade.
Sub-DAO: A smaller DAO that operates under the control of a larger DAO.
TCG: Trading Card Games (or TCG) are a category of trading cards which include Pokemon, Magic the Gathering, and other similar cards which are playable. These games are played with collectible cards that players acquire and use to play the game. Each card represents a character, spell, or other game element, and players use them to defeat their opponents by strategically building decks, summoning creatures, and casting spells. These games can be played between two or more players and the objective is to reduce the opponent's life points to zero. TCG cards can be collected without the intention of being played.
Token: A token is a digital asset that represents a specific value or utility on a blockchain network. Tokens can be used for a variety of purposes, such as representing a digital currency, providing access to a specific service or application, or representing an asset.
Tokenized: The process of representing ownership of an asset, such as a stock or real estate, in the form of a digital token.
Trading Cards: A card featuring an image (photograph or illustration) and information about a specific subject, such as a sports team, character, or celebrity. These cards are typically collected and traded by hobbyists.
Vault: The storage location of the cards listed on the platform. TENAMINT uses card industry recognized vaulting solutions to ensure every card is secure and insured.
Wallet: A digital wallet is a software-based storage system for cryptocurrencies and other digital assets. It allows users to store, send, and receive digital assets.