# Glossary

#### 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.