About Starzip
Glossary
Key terms used throughout the Starzip platform and documentation.
B
- Buyback & Burn
- A mechanism where the platform uses a portion of its revenue to purchase tokens from the market and permanently destroy (burn) them, reducing the total supply over time.
D
- DEX
- A cryptocurrency exchange that operates without a central authority, allowing users to trade directly through smart contracts on a blockchain.
G
- Gas Fee
- A fee paid to the blockchain network to process a transaction. On Starzip (opBNB), gas fees are paid in BNB.
I
- Issuer
- A business owner who registers on Starzip and issues a Store Token through the Launchpad.
L
- Launchpad
- A token sale event on Starzip where users can commit funds to acquire Store Tokens before they are listed for trading.
- Limit Order
- An order to buy or sell a token at a specific price. The order is only executed when the market reaches the specified price.
- Liquidity
- The ease with which a token can be bought or sold on the market without significantly affecting its price.
- Lock-up
- A period during which tokens cannot be traded or transferred. Lock-up periods are applied to tokens acquired through Launchpads.
O
- opBNB
- A Layer 2 blockchain network built on BNB Chain. Starzip operates on opBNB for fast and low-cost transactions. Gas fees are paid in BNB.
Q
- Quote Currency
- The currency used to price a trade. On Starzip, supported quote currencies include USDT and USDC.
S
- Settlement Contract
- A smart contract that holds deposited user funds on Starzip. Users deposit into the settlement contract to trade and withdraw back to their wallet.
- Slippage
- The difference between the expected price of a trade and the actual price at which the trade is executed, typically caused by low liquidity or market volatility.
- Soft Cap
- The minimum funding target a Launchpad must reach (30% of the offering goal). If not met, the Launchpad is cancelled and all funds are refunded.
- STAR
- The native utility token of the Starzip platform. Not yet issued — utility and distribution will be announced at the Token Generation Event (TGE).
- Store Token
- A utility token issued by a business on Starzip. Store Tokens represent a business and can be traded on the platform.
- Staking
- Locking up STAR tokens for a period of time to earn benefits such as priority access to Launchpad events and increased allocation weight. (Coming soon)
T
- TGE
- The event at which STAR tokens are officially created and distributed.
- Trading Fee
- A fee charged on each trade executed on Starzip. Starzip uses a maker/taker model: 0.15% for taker orders and 0.03% for maker orders (subject to change).
V
- Vesting
- A schedule that determines when locked tokens are gradually released and become available for trading or transfer.