📚Glossary

SafeSwap

SafeSwap is a decentralized platform and protocol that enables the swapping of native tokens between EVM-compatible blockchains, allowing users to securely transfer tokens across different networks without the need for intermediaries or trusted third parties.

Atomic Swap

Atomic swap is a decentralized mechanism that allows for the peer-to-peer exchange of cryptocurrencies or tokens directly between two parties (or wallets) on different blockchain networks, ensuring secure and trustless asset transfers without the involvement of intermediaries.

Native Token

A Native Token refers to a cryptocurrency or digital asset that operates directly on its native blockchain, without being wrapped or represented by another token.

Wrapped Token

A Wrapped Token is a token that represents another cryptocurrency or asset. It involves creating a separate token that is backed by an equivalent amount of the original native token. The wrapped token is typically pegged to the value of the original native token, and its issuance and redemption are managed by custodians or smart contracts.

EVM

The Ethereum Virtual Machine (EVM) is a decentralized runtime environment that executes smart contracts on the Ethereum blockchain, enabling the execution of code written in Ethereum's programming language, Solidity.

EVM Compatible

EVM Compatible refers to blockchain platforms or networks that are designed to be fully or partially compatible with the Ethereum Virtual Machine (EVM) and its programming model, allowing developers to use similar tools and languages to build and deploy smart contracts.

Cross-Chain

Cross-chain refers to the interaction and interoperability between different blockchain networks, enabling users to access assets and services across multiple networks. Cross-chain dApps specifically facilitate the transfer of assets or data between different blockchains.

Multichain

Multichain refers to the operation of a decentralized application on multiple blockchain networks simultaneously, providing users with more options and features. However, it does not necessarily imply direct asset transfers between those blockchains.

Swapping

Swapping involves the exchange of one cryptocurrency or token for another, either within the same blockchain network or across different blockchain networks, typically aiming for a one-to-one exchange ratio without focusing on the market value or price of the tokens involved.

Trading

Trading involves the buying and selling of cryptocurrencies or tokens on a marketplace or exchange platform to take advantage of price fluctuations and generate profits.

Cross-Chain Swap

Cross-chain swapping, or interchain swapping, refers to the process of exchanging cryptocurrencies or tokens between different blockchain networks, allowing users to transfer assets seamlessly across disparate blockchain ecosystems, promoting interoperability and liquidity.

Token Bridge

A Token Bridge is a technology or protocol that facilitates the transfer of tokens or assets between different blockchains, enabling interoperability and connectivity.

DEX

A DEX is a type of cryptocurrency exchange that operates in a decentralized manner, allowing users to trade digital assets directly with each other without the need for intermediaries.

HTLC

HTLC, or Hash Time-Locked Contract, is a smart contract mechanism used in blockchain networks to facilitate secure and trustless transactions. It employs cryptographic hash functions and time locks to ensure the conditional execution of a transaction. With an HTLC, the sender locks a certain amount of cryptocurrency or assets in a contract, requiring the recipient to provide a specific pre-image within a specified time to claim the funds. If the pre-image is not provided within the given timeframe, the funds are returned to the sender.

Transaction Fee

A transaction fee is a small amount of cryptocurrency paid to miners or validators as compensation for processing and validating a transaction on a blockchain network. In the context of SafeSwap, a transaction fee is incurred when initiating a swap on the source blockchain and when claiming tokens on the destination blockchain.

Platform Fee

The platform fee is an additional fee charged by SafeSwap for utilizing its protocol. This fee is a small premium on top of the standard transaction fees and is designed to support the development and maintenance of SafeSwap.

Listing Fee

The listing fee is a payment required from projects or token issuers to have their tokens listed on SafeSwap and enable cross-chain functionality. This fee is typically charged to cover the costs associated with evaluating, integrating, and maintaining the token's compatibility with SafeSwap's infrastructure and ensuring its smooth operation across different blockchain networks. The listing fee helps support the ongoing development and expansion of SafeSwap.

Token Minting

Token Minting refers to the process of creating new tokens on a blockchain. It involves the generation and issuance of new tokens according to a specific protocol or smart contract.

Token Burning

Token Burning is the process of permanently removing tokens from circulation. It involves sending tokens to an address or smart contract from which they cannot be accessed or spent.

Token Locking

Token Locking refers to the temporary or permanent restriction placed on tokens, preventing them from being transferred, sold, or used for a specific period or until certain conditions are met.

Token Unlocking

Token Unlocking is the process of removing the restrictions or limitations placed on tokens that were previously locked. Once tokens are unlocked, they become freely transferable, tradable, and usable according to the token's underlying smart contract rules.

Native Token Bridge

A Native Token Bridge is a platform that enables the direct transfer of native tokens between different blockchains without the need for wrapping or creating a separate representation of the token. It allows users to transfer tokens from one blockchain to another while maintaining the same token's native properties and characteristics. Native Token Bridges facilitate interoperability and liquidity between blockchains by enabling the seamless movement of tokens without additional wrapping or conversion steps.

Wrapped Token Bridge

A Wrapped Token Bridge involves the creation of a separate representation of a token on a different blockchain. It typically requires wrapping the original native token by a custodian or a smart contract to issue a wrapped version of the token on the target blockchain.

Total Supply

Total supply represents the total number of coins or tokens that have been created or mined thus far, including both circulating supply and any locked or reserved tokens. It encompasses all coins that have been issued or generated and excludes any verifiably burned tokens. Total supply gives an overview of the current state of the cryptocurrency's issuance and distribution, including tokens that may be held by the project team, locked in smart contracts, or allocated for specific purposes.

Circulating Supply

Circulating supply refers to the number of cryptocurrency coins or tokens that are actively circulating in the market and available for trading. It represents the subset of the total supply that is not locked or held by the project team or inaccessible for various reasons. Circulating supply is an important metric used to calculate the market capitalization of a cryptocurrency and is generally more relevant for assessing the current supply-demand dynamics and price performance.

Max Supply

Max supply is the maximum predetermined limit on the number of coins or tokens that will ever be created or mined in the lifetime of a cryptocurrency. It represents the upper bound on the total supply and signifies the scarcity of the cryptocurrency. The max supply is typically determined by the protocol rules and cannot be exceeded. It provides clarity on the future inflation rate and ensures that the cryptocurrency maintains its scarcity and value proposition.