glossary

$SMILE Token: The native digital currency of the smileEcosystem, essential for transactions, rewards, and engaging in various ecosystem activities.

• smileRewards: An extensive reward system within the smileEcosystem that allocates incentives to token holders based on criteria such as the size of their holdings and their transaction activities.

• smileBurn: A strategic mechanism employed in the smileEcosystem to progressively decrease the total supply of $SMILE tokens, enhancing their scarcity and value over time.

• smileFee: A dynamic fee structure in the smileEcosystem, adaptable to changing market needs, and instrumental in supporting both smilRewards and smileBurn.

• smileInvest: A distinct segment of the smileEcosystem dedicated to investment, knowledge sharing, Airdrops and other benefits.

• smileCity: A self-sustained and self-regulated digital space within the smileEcosystem where token holders actively engage in governance through voting and proposing initiatives.

• Decentralized Autonomous Organization (DAO): A democratic governance model anticipated for future implementation in the smileEcosystem, empowering token holders with decision-making authority.

• Liquidity Providers: Contributors in the DeFi space who supply liquidity to trading pools, in return earning rewards for their support.

• smileFee An innovative feature of the smileEcosystem, this dynamic fee structure adjusts based on the market capitalization, ensuring a balanced and responsive environment for users.

• smileBack: A component of smileRewards focusing on the engagement-based reward system, where token holders are rewarded daily based on their ecosystem activity levels.

• smileBoxes: Special compressed NFTs (cNFTs) in the smileEcosystem, offering users a variety of rewards and can be earned or traded as part of the ecosystem's reward structure.

• Compressed Non-Fungible Tokens (cNFTs): A type of NFT in the smileEcosystem designed to reduce minting costs and size, offering an efficient and eco-friendly approach to NFT creation.

• Token22 Standard / Token Extension: A feature of the Solana blockchain utilized by $SMILE, offering enhanced functionalities for both fungible and non-fungible tokens, and introducing capabilities like confidential transfers and customizable fees.

• Solana Blockchain: The underlying blockchain technology chosen for the smileEcosystem, known for its speed, efficiency, and scalability, aligning with the needs and features of $SMILE.