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Glossary

Glossary​

  1. CKG Tokens: The native cryptocurrency of the Cat Kombat ecosystem, used for in-game purchases, upgrades, staking, and trading.
  2. NFT (Non-Fungible Token): A unique digital asset that represents ownership of in-game items, characters, or artwork. In Cat Kombat, NFTs can be traded or used within the game.
  3. Smart Contracts: Self-executing contracts with terms directly written into code on the blockchain. In Cat Kombat, smart contracts automatically manage token distribution and game mechanics.
  4. Vesting Period: The time during which your earned rewards (tokens or other benefits) are locked and gradually released. This prevents large, immediate payouts and ensures long-term engagement.
  5. Tokenomics: The economic model that governs how CKG Tokens are distributed, spent, and earned within the Cat Kombat ecosystem.
  6. Staking: Locking up your CKG Tokens for a period of time to earn additional rewards or boosts in the Play-to-Earn system.
  7. Play-to-Earn (P2E): A model where players earn rewards (CKG Tokens) by participating in in-game activities like quests, battles, or tournaments.
  8. Prize Pool Scaling Strategy: A feature in Cat Kombat where the total monthly prize pool increases with each new app version. Starting with App v1, the prize pool begins at over $1 million, with each subsequent version increasing the total by $1 million. For example, App v2 offers over $2 million in prizes monthly, App v3 offers over $3 million, and so on.
  9. Decentralized: A system where control and decision-making are distributed, often via blockchain technology, rather than being controlled by a single entity.
  10. AML (Anti-Money Laundering): A set of regulations designed to prevent illegal activities like money laundering by verifying user identity and monitoring transactions.
  11. KYC (Know Your Customer): A process requiring players to verify their identity to comply with regulations and prevent fraud, typically necessary for large transactions.
  12. Burn Mechanism: A process where a percentage of tokens is permanently removed from circulation to reduce supply, potentially increasing token scarcity and value.
  13. Liquidity Pool: A collection of funds locked in a smart contract to facilitate token trading and provide liquidity within decentralized exchanges in the Cat Kombat ecosystem.
  14. ICO (Initial Coin Offering): A fundraising mechanism where a new cryptocurrency project sells its tokens to early investors in exchange for capital.
  15. DAO (Decentralized Autonomous Organization): A governance structure where decisions are made collectively by token holders, typically using blockchain technology for transparency and fairness.
  16. Metaverse Integration: The process of connecting Cat Kombat to broader virtual worlds (metaverses) where players can interact with other platforms or games, expanding the in-game experience.
  17. Anti-Fraud Policy: Rules and security measures established to prevent fraudulent activities such as the use of bots, fake accounts, or system manipulation in Cat Kombat.
  18. Dynamic Rewards: Rewards that adjust based on conditions like player activity, game progress, or token supply to maintain ecosystem balance.
  19. Security Audits: A thorough review of the game's code, smart contracts, and infrastructure to identify vulnerabilities and ensure player security.
  20. Referral Program: A system where users can invite others to join Cat Kombat and earn CKG Tokens as rewards when their referrals register or engage with the platform.
  21. Marketplace: A decentralized in-game platform where players can buy, sell, and trade NFTs and other digital assets using CKG Tokens.
  22. Decentralized Exchange (DEX): A blockchain-based exchange allowing users to trade tokens directly without a central authority, often integrated into Cat Kombat for token transactions.
  23. Gas Fees: Transaction fees paid to process and validate actions on the blockchain, such as purchasing NFTs or trading CKG Tokens.
  24. Wallet: A digital storage system for players to keep their CKG Tokens, NFTs, and other digital assets. Players are responsible for securing their wallets and private keys.
  25. Whitelist: A list of approved addresses given special privileges, such as early access to ICOs or specific game features in Cat Kombat.
  26. In-Game Assets: Items, characters, or upgrades within the Cat Kombat game, often represented as NFTs, which can be bought, sold, or traded.
  27. Governance Token: A token that grants its holder voting rights on decisions related to the governance and development of the Cat Kombat ecosystem.
  28. KOL (Key Opinion Leader): Influencers or key partners in the Cat Kombat community who promote the game and may receive special privileges such as discounted token allocations or sponsorship deals.