Glossary

Throughout this guide, we have used words and phrases and terms most commonly used within the blockchain gaming industry. Some of these include:

Name	Definition
Community Participants	Community participants means players, stable or racehorse owners, content creators, spectators and viewers within the ZED RUN ecosystem.
ERC 721	Refers to a token standard that can be found on the Ethereum blockchain. The more common term used to refer to these assets is non-fungible tokens or simply, an NFT. An example of an NFT is a ZED RUN racehorse.
Liquidity	Liquidity alludes to the velocity in which the ZED RUN token can be exchanged. The more liquidity there is, generally, the more stable a token's price is.
Metaverse	The collective term for all the elements that make up virtual worlds, including the ecosystem of people and objects that form economies within those worlds.
NFT	Non fungible tokens are used to create verifiable digital scarcity, as well as digital ownership, and the possibility of asset interoperability across multiple platforms.
Play and Earn	A term to describe games in which the players are empowered to own and operate the in game economy. These games are typically limited to NFT-based blockchain games as they rely on tokenised items being transferable on an open market.
TGE	Token Generation Event refers to the launch of the DAO network when the governance tokens are released to participants.
Tokenomics	Refers to the interplay between the ZED RUN in-game ecosystem and economic activity on the platform. Simply put, tokenomics represents how the ZED RUN token will be used, distributed, earned and collected.
Treasury	Holds all funds earned by the ZED RUN ecosystem that has been collected or minted through its direct operations.
Faucets	Faucets are ways in which the ZED token is distributed (i.e. where you can get them from within the game economy).
Sinks	Sinks are where the ZED token can be used. Both Faucets and Sinks (i.e. where you can get them from within the game economy).
Token Issuer	Token issuer is the BVI corporation that is issuing and distributing the ZED token.
wETH	Wrapped Ethereum on Polygon
ZED Token	The ZED token is a utility token representing a holder's capacity to access the player controlled game economy. Anyone can buy or earn the ZED token, but they cannot buy what the token creates. The ZED token is issued and managed by the token issuer, being the Future Future Labs, a British Virgin Island company limited by shares.