Glossary

Hardcap is the maximum amount of funds that the project team plans to collect during the ICO (Initial Coin Offering — initial coin offering). This is an important metric for investors, which allows them to assess the potential of a project and its prospects in the real estate market. How does Hardcap work? During the ICO, the project team sets a certain limit on the amount they want to raise. This limit is called hardcap. If the project reaches this limit before the end of the ICO, then the

A mnemonic phrase is a set of words that is used to restore access to a cryptocurrency wallet. It is a kind of password or key that allows you to access funds on the wallet. Mnemonic phrases are used in various blockchains, such as Bitcoin, Ethereum, and others. How does a mnemonic phrase work? When you create a cryptocurrency wallet, you are provided with the mnemonic phrase. This phrase consists of 12 or 24 words that are randomly selected. These words represent a "compressed" form

Memcoins are cryptocurrencies that are based on popular Internet memes. They are often humorous or ironic in nature and may be associated with famous characters or events. They usually have no real value, except for collectors and enthusiasts. How do memcoins work? Like other cryptocurrencies, they use blockchain technology to ensure the security and transparency of transactions. A blockchain is a decentralized database that stores information about all transactions on the network. This also

The Merkle tree is a data structure that is used in the blockchain to verify the integrity of data. It is a tree structure, where each node contains the hash value of its child node. The root node of the tree contains the hash - the value of all data in the block. How does the Merkle tree work on the blockchain? Imagine that we have a block with data about several transactions. We can create a tree where each transaction will be represented as a leaf, and their hashes will be nodes at higher