12. Annexes
12.1. Glossary of Terms
12.1.1. Blockchain
A decentralized and distributed digital ledger that stores transactions in an immutable and transparent manner. Each transaction is verified and added to a “block,” which is then linked to previous blocks, forming a chain—blockchain.
12.1.2. Binance Smart Chain (BSC)
A blockchain platform developed by Binance that offers compatibility with smart contracts and fast transactions with low fees. BSC is used for developing and running decentralized applications (dApps) and issuing tokens such as PAGEANT.
12.1.3. Token
A digital unit of value created on a blockchain that can represent an asset, utility, or rights within a project. The PAGEANT token is a utility token used within “The World Beauty Contest” platform.
12.1.4. ICO (Initial Coin Offering)
A fundraising method for blockchain projects where investors can purchase tokens in the early stages of the project. ICOs allow investors to contribute to the project’s development in exchange for tokens.
12.1.5. IDO (Initial DEX Offering)
A fundraising method similar to an ICO but conducted on a decentralized exchange (DEX). Users can purchase tokens as soon as they are listed on the DEX without requiring a centralized authority.
12.1.6. DEX (Decentralized Exchange)
A decentralized cryptocurrency exchange that allows users to trade directly with each other without the need for a central intermediary. Transactions are managed through smart contracts.
12.1.7. Smart Contract
A program that runs on a blockchain and automatically executes the terms and conditions of a pre-defined agreement without requiring a central authority. Smart contracts are used on the PAGEANT platform for voting, staking, rewards, and other functionalities.
12.1.8. Staking
A mechanism where users lock up their tokens on a blockchain platform to support the network and earn rewards. In the case of PAGEANT, users can stake tokens to earn passive rewards.
12.1.9. Liquidity Farming
A process where users provide liquidity on DEX platforms by depositing token pairs into a liquidity pool. In return, they receive rewards in the form of tokens. Liquidity farming helps stabilize the token price and ensure liquidity within the platform.
12.1.10. Burn (Token Burning)
A mechanism where a portion of the circulating tokens is permanently destroyed to reduce the total supply. This is a deflationary strategy used to increase the value of the remaining tokens. PAGEANT tokens will be burned continuously to maintain a healthy token economy.
12.1.11. Deflation
An economic process where the supply of an asset decreases over time, leading to an increase in its value, assuming demand remains constant or increases. In the PAGEANT project, deflation is achieved through token burning.
12.1.12. KYC (Know Your Customer)
An identity verification process for users to prevent fraudulent activities and money laundering. The PAGEANT platform will implement KYC to comply with regulations and protect users.
12.1.13. AML (Anti-Money Laundering)
Measures and regulations aimed at combating money laundering and terrorist financing. The PAGEANT platform will comply with AML requirements to ensure legal compliance and ecosystem security.
12.1.14. Security Audit
A process of reviewing the source code and smart contract infrastructure to detect security vulnerabilities. PAGEANT smart contracts will be audited by security firms to protect users and funds.
12.1.15. Fail-Safe Mechanisms
Protective functionalities included in smart contracts that allow automatic blocking or halting of operations in case of unusual or dangerous activities. These mechanisms protect users and funds in the event of an attack or error.
12.1.16. Gold Reserve
A portion of the funds raised from the sale of PAGEANT tokens will be used to purchase gold, which will partially back the token’s value. This reserve provides stability and confidence for users in case of market volatility.
12.1.17. Governance
A system in which token holders can influence important decisions of the platform. On the PAGEANT platform, token holders can vote on proposals that shape the project’s direction and development.
12.1.18. Decentralization
A system in which control is distributed, and there is no central authority governing the entire system. “The World Beauty Contest” platform is decentralized, meaning users have control over voting and decisions without external influences.
12.1.19. Vesting
A process where the allocation of tokens for the team, partners, and advisors is gradually distributed over a period to ensure loyalty and long-term involvement in the project. PAGEANT tokens allocated to the team and advisors will be subject to a vesting plan.
12.1.20. Whitepaper
An official document that details the vision, technology, token economy, and development plan of a crypto project. This document serves as a guide for investors and users. The PAGEANT whitepaper presents all the key aspects of the platform and the token.