Glossary

This glossary defines the main terms used throughout the Inkryptus platform and documentation. Definitions reflect the current state of the product and are updated alongside new releases.

A

Account Statement: A downloadable report available via Profile > Account > Statement that records all transactions, commissions, and balances. Can be used for tax documentation and personal record-keeping. See Statement.

Arena: Inkryptus's on-chain games hub inside the app. Games run on INKY and settle on BNB Smart Chain, so plays and payouts are verifiable. Coin Flip, Golden Kick, and Minesweeper are live. See Arena.

Arena Staking Pool: A staking pool tied to the Arena, with a 36-month lock and open to any registered user from 3 USDT. It earns from a share of Arena activity plus an additive daily INKY emission. Rewards are variable. See Arena Staking Pool.

AMM (Automated Market Maker): A type of decentralized exchange protocol that uses liquidity pools and mathematical formulas to determine asset prices, instead of traditional order books. PancakeSwap, where the INKY/USDT pair is listed, operates as an AMM. See Liquidity and AMMs and liquidity pools.

AML (Anti-Money Laundering): A set of policies and controls designed to prevent the use of financial systems for money laundering or terrorism financing. Inkryptus maintains an AML Policy with KYC verification, transaction monitoring, and cooperation with competent authorities.

APR (Annual Percentage Rate): The projected annualized return on a staking position, calculated from the current daily reward rate. APR is a projection and may vary. It does not account for compounding. See Why your daily rate changes.

B

BEP-20: The token standard on BNB Smart Chain, equivalent to ERC-20 on Ethereum. INKY is a BEP-20 token. All deposits and withdrawals on Inkryptus use the BEP-20 network. See BEP-20 and BNB Chain.

Block: A unit of data on a blockchain containing a batch of transactions. Each block is cryptographically linked to the previous one, forming an immutable chain.

Block Explorer: A web tool for browsing blockchain data: transactions, addresses, contracts, and token balances. Inkryptus uses BscScan as the reference explorer for BNB Smart Chain. See Verify independently.

Blockchain: A distributed, immutable ledger that records transactions across a network of computers. Each transaction is grouped into blocks and cryptographically linked to previous blocks, making the history tamper-resistant. See How does blockchain work?

BNB Smart Chain (BSC): The blockchain network where Inkryptus operates. All platform contracts, token transactions, and staking products run on BSC. See Network.

Bronze (Account Tier): The default account tier for users who have not completed KYC verification. Bronze accounts have a withdrawal limit of US$500 per month. See Withdrawal limits.

BscScan: The block explorer for BNB Smart Chain. Used to independently verify INKY token data, smart contract code, and on-chain transactions. Available at bscscan.com. See How to check your crypto on-chain.

Burn: The permanent removal of tokens from circulation. On Inkryptus, the planned burn mechanism uses the INKY contract's native burn and burnFrom functions, making each burn irreversible and verifiable on-chain. The burn is calculated as 2% of the Inkryptus fraction (30%) of each platform fee. See Whitepaper.

Buy/Sell: The internal asset conversion feature within the Inkryptus app. All trades are paired against USDT as the central currency. There are no direct routes between non-USDT assets. See Swap.

C

CAKE: The native token of PancakeSwap. Available for staking on the Inkryptus platform via the CAKE Pool. See CAKE Pool.

Cap (Token Supply): See Hard Cap. The INKY token has a fixed cap of 200,000,000 units defined in its smart contract. See Supply.

CeFi (Centralized Finance): Traditional financial services operated by centralized entities (banks, brokerages, centralized exchanges). Inkryptus combines CeFi usability with DeFi infrastructure through the Hy-Fi model.

Circulating Supply: The total number of tokens currently in circulation, including wallet balances and staking positions. Distinct from total supply (all minted tokens) and the hard cap (maximum possible). Updated daily and queryable on the Inkryptus website and BscScan. See Supply.

CFT (Combating the Financing of Terrorism): Regulatory measures aimed at preventing financial systems from being used to fund terrorism. Often referenced alongside AML as "AML/CFT". See AML Policy.

Compound: Reinvesting staking rewards so that they earn rewards of their own. On Inkryptus rewards do not compound by themselves: to compound, harvest the profit and open a new contract with it. That is why the rate shown is an APR and not an APY. See what you can do with harvested profit.

Contract Address: The unique identifier of a smart contract on the blockchain. The INKY token contract address is 0x75a320C9.... Every address the platform runs is in Contracts.

Custodial Platform: A platform where user assets are held and managed by the operator. Inkryptus is one, with a difference worth naming: every user wallet lives inside the platform's smart contract on BNB Smart Chain. You have your own address and can follow it on BscScan, and what authorises a movement is contract logic anybody can read rather than a key kept in a safe. See Simplified Custody.

D

DeFi (Decentralized Finance): Financial services built on blockchain networks that operate without traditional intermediaries like banks. Inkryptus integrates DeFi infrastructure (staking, AMM liquidity) within a custodial interface designed for accessibility. See DeFi explained.

Deflation (Token): A reduction in the circulating supply of a token over time, usually through burns. INKY is not deflationary today: staking mints new INKY every day (15.000 INKY today, 20.000 INKY at most under the contract), and no burn has been executed yet. The daily ceiling limits how fast supply grows and the hard cap limits how far, but both limit growth rather than reduce supply. See Supply.

Deposit: The process of receiving crypto assets into an Inkryptus wallet from an external wallet or exchange. Deposits use the BEP-20 network exclusively. See Deposits.

E

ERC-20: The token standard on the Ethereum network. BEP-20 (used by INKY) is the equivalent standard on BNB Smart Chain and follows a compatible interface.

Emission: The mechanism by which new INKY tokens enter circulation through staking rewards. The contract's ceiling is 20.000 INKY a day, counted as two: 10.000 INKY for the common pools, plus the Arena Staking Pool's own emission, which mints on top rather than out of it (5000 INKY a day until the pool holds 2.500.000 INKY, 10.000 INKY a day from then on). Today the two add up to 15.000 INKY a day. See Emission.

F

Fee Sharing Model: The mechanism by which Inkryptus distributes platform fee revenue. Platform fees fund operations, infrastructure, and liquidity management. See Fee distribution.

FIAT: Government-issued currency (e.g., USD, BRL, EUR) that is not backed by a physical commodity. On Inkryptus, fiat currency is used to purchase USDT through the FIAT On-Ramp feature. See FIAT On-Ramp.

FIAT On-Ramp: A separate feature in the Inkryptus app that allows users to purchase USDT using local fiat currency through an integrated payment gateway (Simplex). Distinct from the Buy/Sell (Swap) feature. The method is currently en pausa mientras se conecta un nuevo proveedor. See FIAT On-Ramp.

Flexible Plan: A staking plan with no lock-up period. The principal is never locked: you can close the contract and take back what you staked at any time. The harvest is a separate thing and follows the harvest rules, which apply to every plan: claimable daily, charged the flat transaction fee, and settled instantly up to US$500 of value, above which it enters the approval queue for up to one cycle. See Flexible staking.

G

Gas Fee: The transaction fee paid to blockchain validators for processing on-chain transactions. Inkryptus operations (Swap, Buy/Sell, Harvest, and withdrawals to external wallets) are settled on-chain, but the user does not pay gas because the platform absorbs that cost. The flat 3 USDT fee is the only charge. See Transaction fee.

Governance (Token): The use of a token to influence decisions about a platform's parameters, upgrades, or policies. INKY carries no holder vote today. The whitepaper calls it a technical governance token in a narrower sense: its contract parameters are verifiable on-chain and changes to them are recorded publicly. See INKY Token.

H

Hard Cap: The absolute maximum number of INKY tokens that can ever be minted: 200,000,000 INKY. This limit is enforced by the smart contract and cannot be altered. Even when the burn mechanism reduces circulating supply, the hard cap remains unchanged. See Supply.

Hash: A fixed-length string produced by a cryptographic function from input data of any size. Used in blockchain for transaction IDs and block linking.

Harvest: The action of collecting accumulated staking rewards from a contract into the user's wallet balance. Each harvest operation incurs a flat 3 USDT fee. See Harvest.

Hy-Fi (Hybrid Finance): The model Inkryptus pioneered since 2020, connecting the simplicity of traditional finance with blockchain infrastructure. Designed to remove crypto complexity for users who are new to digital assets. See What is HyFi?

I

Impermanent Loss: A risk associated with providing liquidity in AMM pools. Occurs when the price ratio of paired tokens changes relative to when liquidity was deposited. Relevant to understanding the INKY/USDT pool on PancakeSwap. See Liquidity.

INKY: The utility token of the Inkryptus ecosystem (BEP-20, BNB Smart Chain). Used for staking, internal fee settlement, and swap pairing with USDT. Contract: 0x75a320C9.... See Token Identity.

INKY Pool: The primary staking product on Inkryptus. Users deposit INKY tokens and receive daily rewards from the emission mechanism. Available in Flexible, 12-month, and 36-month lock-up plans. See INKY Pool.

Initial Mintage Vault: The multisig contract that received the 10,000,000 INKY (5% of the hard cap) minted when the token was deployed on May 11, 2023, and releases it according to the Inkryptus economic plan. What that mint is allocated to, line by line, is on Distribution.

K

KYC (Know Your Customer): Identity verification process required for upgraded account access. Inkryptus uses Veriff for KYC. Completing KYC upgrades an account from Bronze to Silver tier. See Complete KYC.

L

Liquidity: The ease with which an asset can be bought or sold without significantly affecting its price. In the Inkryptus context, liquidity refers to the depth of the INKY/USDT pool on PancakeSwap. See Liquidity.

Liquidity Pool: A pool of tokens locked in a smart contract that enables trading on an AMM. The INKY/USDT pair on PancakeSwap uses a liquidity pool. See Liquidity.

Lock-up Plan: A staking plan where the user commits their assets for a fixed duration (12 months or 36 months) in exchange for higher reward rates. Early withdrawal is not available during the lock-up period. See Fixed-term staking.

M

Market Cap: The total market value of a token's circulating supply, calculated as price per token multiplied by the number of tokens in circulation.

Minter: An authorized entity with permission to create new tokens through the Token Minter contract. Currently, the only authorized minter is the INKY Staking Pool contract. See Token Minter.

Multisig Wallet: A wallet that requires multiple cryptographic signatures to authorize transactions. On Inkryptus each user wallet is a contract, and moving funds out of one requires more than one signature. See Custodial wallet model.

N

Non-Custodial: A model where the user holds their own private keys and is solely responsible for their assets. Inkryptus does not operate as a non-custodial platform. See Custodial Platform.

O

On-Chain: Any action or data that is recorded directly on the blockchain and can be independently verified. Inkryptus staking contracts and INKY token transfers are on-chain.

Off-Chain: Actions or data processed outside the blockchain and therefore not recorded on a public ledger. This is a general term used across the crypto market. Inkryptus operations are not off-chain: Swap, Buy/Sell, and staking are settled on BNB Smart Chain. Each operation carries an internal system ID for reference, and the platform abstracts the blockchain complexity (gas, transaction signing, routing) so the user does not have to handle it. See On-Chain and Simplified Custody.

P

P2P (Peer-to-Peer): Buying crypto from another member and paying them directly in your own currency, bank to bank or by mobile money. Inkryptus holds the crypto for the whole trade and releases it only when both sides confirm, and mediates if they disagree. The money leg happens outside the platform. See P2P Trading.

PancakeSwap: A decentralized exchange (AMM) on BNB Smart Chain. The INKY/USDT trading pair is listed on PancakeSwap. PancakeSwap is not used as a trading route within the Inkryptus app. See Liquidity.

Performance Fee: A fee of 25% applied to staking profits only. The fee is calculated on daily profit, never on the principal. If there is no profit, no fee is charged. See Performance fee.

Principal: The original amount of assets deposited into a staking contract, excluding any accumulated rewards. The performance fee is never applied to the principal.

Private Key: A cryptographic key that grants control over a blockchain wallet and the ability to sign transactions. There is no per-user private key on Inkryptus to hold or hand over: wallets live inside the platform's smart contract, and the contract is what moves them. See Custodial wallet model.

Products Vault: The Inkryptus-controlled wallet that holds the platform's product reserves, including the assets behind the USDT and CAKE staking products, and most of the INKY/USDT v2 LP tokens. It is an externally owned account, not a smart contract, so no on-chain code governs how its assets move. Distinct from the INKY Pool, which has its own contract. See Products Vault.

Q

Quote: The price estimate displayed before a Buy/Sell operation is confirmed. Quotes have a short validity window. If the price moves beyond that window, the app requests a fresh quote before execution. See Price quoting.

R

Rewards: Tokens earned from staking activity. Rewards are generated daily and can be collected via the Harvest action. The amount depends on the staking product, plan, and current emission parameters. See Why your daily rate changes.

S

Seed phrase (Recovery Phrase): A sequence of words used to recover access to a non-custodial wallet. Inkryptus does not use seed phrases, because a wallet here is a position inside the platform's smart contract rather than a keypair you hold. See Custodial wallet model.

Silver (Account Tier): The account tier for users who have completed KYC verification. Silver accounts have a withdrawal limit of US$500.000 per month. See Withdrawal limits.

Simplex: A third-party payment gateway integrated into the Inkryptus FIAT On-Ramp feature. It enables purchases of USDT with local fiat currency by credit card or other payment methods, and is currently en pausa mientras se conecta un nuevo proveedor. See FIAT On-Ramp.

Simplified Custody: The Inkryptus custody model. Each user has an individual on-chain address on BNB Smart Chain, and the wallet at that address is a contract Inkryptus operates, where moving funds out requires more than one signature. There is no seed phrase to write down and nothing to lose, and every movement stays verifiable on the blockchain. See Custodial wallet model.

Slippage: The difference between the expected price of a trade and the actual execution price. It is normal in an AMM liquidity pool (v2 or v3), where the pool itself moves the price with supply and demand, so a larger order gets a different rate than a small one. Inkryptus prices an internal Buy/Sell against that pool, and the confirmation screen already carries the impact, so there is no difference between the amount you approve and the amount that executes. See What is slippage?

Smart Contract: A self-executing program deployed on a blockchain that automatically enforces the terms encoded in its logic. Inkryptus staking products and the INKY token operate through smart contracts on BNB Smart Chain. See Contracts.

Stablecoin: A cryptocurrency designed to maintain a stable value relative to a reference asset, typically the US dollar. USDT is the primary stablecoin used on the Inkryptus platform. See What is USDT?

Staking: The process of depositing assets into a smart contract to generate rewards. Inkryptus offers staking products for INKY, USDT, and CAKE. See Staking.

Supported Assets: The BEP-20 tokens available on the Inkryptus platform. All are traded against USDT as the central pair. The list may evolve with the product roadmap. See Wallet for the current list.

Swap: The internal asset conversion feature on Inkryptus. All conversions route through USDT as the central pair. Flat 3 USDT fee per operation. See Swap.

T

Token Minter: The smart contract (0x68bdab3d...) responsible for controlling the emission of new INKY tokens. Only authorized minters (currently the INKY Staking Pool) can trigger minting through this contract. See Emission.

Token: A digital asset created and managed through a smart contract on a blockchain. INKY is a utility token on BNB Smart Chain. Tokens are not currencies issued by a government. See What is a crypto token?

Tokenomics: The economic design of a token: supply, emission, distribution, utility, and the mechanisms that influence its value over time. See INKY Token.

Transaction Fee: A flat fee of 3 USDT applied to Swap, Withdraw, and Harvest operations. It is deducted in the asset the operation moves, converted at the current market rate: the coin being sent on a Swap, the coin being claimed on a Harvest, the coin being withdrawn on a Withdraw. See Transaction fee.

Total Supply: The total number of tokens that have been minted to date, including tokens in circulation, in staking, and in reserve wallets. Distinct from the hard cap (maximum possible) and circulating supply (actively available). Queryable via the INKY contract's totalSupply function on BscScan. See Supply.

TVL (Total Value Locked): The total value of assets deposited in a platform's smart contracts. Used as a measure of a DeFi platform's adoption and trust.

2FA (Two-Factor Authentication): An additional security layer that requires a second verification step beyond the password. On Inkryptus it is email-based, and it guards sensitive operations such as a withdrawal rather than only the login. See Security model.

U

USDT (Tether): A stablecoin pegged to the US dollar. USDT is the central currency for all Buy/Sell operations on Inkryptus. See Swap.

User Wallet: The personal wallet holding a user's assets (USDT, INKY, BTCB, ETH, CAKE, etc.). See Wallet.

Utility Token: A token designed to provide access to specific functions within a platform, rather than to represent ownership or investment returns. INKY is classified as a utility token. See What is a utility token?

V

Volatility: The degree of price variation of an asset over time. Cryptocurrency markets are known for high volatility. See Risks.

W

Web2: The current generation of internet applications characterized by centralized services, user-friendly interfaces, and account-based access (e.g., banking apps, social media). Inkryptus uses a Web2 interface layer to make blockchain products accessible.

Web3: The next generation of internet infrastructure built on decentralized technologies, blockchain, and token-based economics. Inkryptus bridges Web2 and Web3 by providing a familiar interface with on-chain execution and verification. See What is Web3?

Wallet: A digital tool for storing, sending, and receiving cryptocurrency. On Inkryptus, each user has an individual address on BNB Smart Chain, and the wallet there is a contract the platform operates under a multisig. That is why there is no seed phrase to write down: custody is simplified rather than handed to you. See Wallet.

Wallet Address: A unique alphanumeric string that identifies a wallet on the blockchain. Used to receive deposits. Each Inkryptus user receives their own wallet address at account creation. See Wallet.

Whitepaper: A technical document describing the vision, architecture, token economics, and roadmap of a project. The Inkryptus Whitepaper is available in the Legal section.

Withdrawal: The process of sending assets from an Inkryptus wallet to an external wallet address. Uses the BEP-20 network. Subject to withdrawal limits based on account tier (Bronze or Silver) and a flat 3 USDT fee, with no network gas on top. See Withdrawals.

Withdrawal Limit: The maximum value a user can withdraw per month, determined by account tier. Bronze: US$500/month. Silver: US$500.000/month. Limits reset on the 1st of each month at 00:00:01 UTC. See Withdrawal limits.

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