11. Glossary

Longhouse foundation ecosystem - is a system where well owners and token holders (water owners) collaborate to secure water access globally while protecting groundwater biodiversity for at least 150 years.
Water flow - a legally verified amount of water passing through a specific location every year. Longhouse Foundation only works with water flows, not water reservoirs. Impact - Generate positive, measurable social and environmental impact
Longhouse Water Quality Standard – the standard that Longhouse requires to connect a well into the ecosystem.
WATER150 token – the token Water150 by Longhouse Foundation is distributing.
DROP token - annual voucher for a water tapping functionality
Centralized - A centralized organizational structure is one in which a single entity or a small number of them are in control of an entire network.
Decentralization - The transfer of authority and responsibility from a centralized organization, government, or party to a distributed network
Decentralized Exchange (DEX) - A peer-to-peer exchange allowing users to trade cryptocurrency without the need for an intermediary.
Cryptocurrency - Cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation.
Initial Coin Offering (ICO) / Initial DEX Offering (IDO) - An ICO or IDO is a type of crowdfunding, or crowdsale, using cryptocurrencies as a means of raising capital for early-stage companies
Distributed Ledger Technology (DLT) - A database that is shared by multiple participants, in multiple places. The basis for blockchains. The acronym “DLT” stands for “distributed ledger technology.”
Token Generation Event (TGE) -The time at which a token is issued.
White Paper - A document released by a crypto project that gives investors technical information about its concept, and a roadmap for how it plans to grow and succeed.
Tokenomics - The science of token economy which consists of a set of rules that governs a cryptocurrency's launch and supply
Hydrological cycle - A biogeochemical cycle that describes the continuous movement of water on, above and below the surface of the Earth
Pre-Sale - The sale of a cryptocurrency, ahead of it going public, to specific investors.
Cliff - Lockup period before vesting begins, starting from TGE or more commonly from IDO/first exchange listing
Vesting - The act of restricting the release of a token for a particular period of time
Staking - Staking is originally a form of participation in a proof-of-stake (PoS) system to put your tokens in to serve as a validator to the blockchain and receive rewards
ReFi Regenerative Finance - Regenerative Finance uses money as a tool to solve some of the most challenging issues we face in the world to benefit the environment and society as a whole.
DeFi Decentralized Finance - An umbrella term for a collection of crypto projects that aim to remove a centralized intermediary — like a bank or an exchange — to provide financial services. They use DApps (Decentralized Applications) to execute common services like lending, savings accounts and trading coins or tokens.
Extraction Permit - a legal document that shows the verified allocation of water available to tap from a well. It is based on the water flow.
Digital Wallet - A place where cryptocurrency users can store, send and receive digital assets.
Smart Contract - A computer protocol intended to facilitate, verify or enforce a contract on the blockchain without third parties
Market Cap - Total capitalization of a cryptocurrency’s price. It is one of the ways to rank the relative size of a cryptocurrency.
Token Supply * Price = Market Cap