Glossary

Understand key terms that are utilised on Fjord.

Allocation

The number of tokens a participant is eligible to buy in a sale. Can be capped per wallet or per tier.

AMM (Automated Market Maker)

A type of decentralized exchange that uses algorithmic pricing based on token ratios in a liquidity pool.

Buy-Only LBP

An LBP where participants can only purchase tokens. Selling is disabled during the sale period.

Claim Delay

A delay set after the sale ends, during which participants cannot yet claim their tokens. Often used to allow time for LP setup.

Collateral Token

The token used to purchase project tokens in a sale, such as USDC, WETH, or another accepted asset. The project receives this token at the end of the sale.

Cross-Chain Sale

A sale where participants can contribute from any EVM-compatible chain using supported bridges. This allows broader access without needing to bridge manually before participating.

FDV (Fully Diluted Valuation)

The theoretical market cap of a token if all tokens in the total supply were in circulation. It is calculated as token price multiplied by total token supply.

FJO

The platform token for Fjord Foundry. May be used for staking, eligibility for certain sale tiers, or other platform benefits.

Hard Cap

The maximum amount a sale can raise. Once this amount is reached, the sale ends and no further purchases are accepted.

LBP (Liquidity Bootstrapping Pool)

A dynamic token sale mechanism where price starts high and decreases over time through token weight shifts. Designed to reduce bot activity and encourage price discovery based on real demand.

Min Raise

The minimum amount a sale must raise to be considered successful. If this threshold is not met, funds are returned to participants.

Placeholder Token

A temporary token used when the actual token is not yet ready at the time of the sale. These are later redeemable for the final token after TGE.

Price Curve

The projected token price path during a sale. In LBPs, this is determined by token weight changes. In tiered sales, pricing is defined step-wise across each tier.

Sale Tier

A pricing stage within a tiered sale. Each tier has its own price, allocation, and optional eligibility rules.

Sablier

A token streaming protocol. Used on Fjord to deliver vested tokens to participants over time after a sale ends.

Slippage

The difference between the expected price and the actual price received during a transaction. It results from real-time price changes and can be controlled by setting a slippage tolerance.

Synthetic Liquidity

A virtual collateral amount used to simulate real liquidity in zero-liquidity LBPs. This allows sales to launch without depositing upfront stablecoins.

Testnet

A blockchain network used for testing purposes. Fjord supports Sepolia testnet so creators can simulate their sale setup before going live.

Token Claim

The process of collecting tokens after a sale ends. Participants must return to the sale page and manually claim their tokens once the claim window opens.

Token Vesting

A method of distributing purchased tokens over a period of time. This prevents immediate selling and aligns participants with the long-term goals of the project.

Whitelisted Sale

A sale restricted to approved wallet addresses. Wallets must be added during setup and only those listed will be able to participate in gated tiers or sales.