Glossary

Every term on this site, in one line each.

Terms A to Z

12 words: Your wallet backup, also called a seed phrase. Anyone with them controls the wallet.
Active: A node that sent a heartbeat in the last 180 seconds and is in the draw.
Address: Where coins and assets are sent. X Coin addresses start with X.
Admin token: NAME!. Whoever holds it can make assets under NAME.
Asset: A named thing on the chain you can hold and send: a token, an NFT, or a record.
Block: A page of the ledger. About one per minute.
Bonding curve: The price formula behind each Launch listing. Buys push the price up, sells push it down.
Burn: XFER sent to an address nobody can spend from, as the cost of creating an asset.
Circulating: XFER the supply API still counts after burns. On this chain it matches total.
Confirm: A payment is confirmed once it is in a block.
Creator fee: 0.30% of a fair Launch trade, set aside for the lister. Together with the 0.60% platform fee, a fair trade pays 0.90%. The lister claims the 0.30% from the listing.
Escrow: Coins or tokens held while a book order rests, returned if you cancel.
Explorer: A read-only website that shows the chain.
Fill: A trade that went through, fully or partly.
Genesis: Block 0, the first block. It pays nothing.
Halving: Every 2.1M blocks (2,100,000) the block reward halves and one more winner is added.
Hat: The set of active X Verified nodes in this minute's draw.
Heartbeat: A short signed message a node sends about every 30 seconds to stay active.
Heavy: Desktop app 1.0.27 with the tree menu, Market and Rewards pages. You can claim a name right in the browser web wallet with Sign in with X, no download needed. Heavy is only for running a node, which is what enters the lottery draw.
Height: A block's number, counting from 0.
Issued: XFER the subsidy has paid. issued_atoms on /api/supply, before you subtract burns.
IPFS: A file network that stores asset pictures and description files. The chain keeps the file id.
Listing fee: 10 XFER to list an asset you already issued. Not the 100 XFER create burn.
Mature: A lottery win becomes spendable after 100 blocks.
Max supply: Every XFER the subsidy schedule will ever pay. About 21B.
Mempool: Payments waiting to go into a block.
NFT: A unique asset, NAME#ITEM. There is exactly one.
Node: A program that keeps a full copy of the chain and checks every block.
Order book: Resting buy and sell orders at set prices on a Launch listing.
Platform fee: 0.60% of a Launch trade. Of that, 0.20% goes to the listing's pool when it has stakers. With the 0.30% creator fee, a fair trade pays 0.90%.
Pool: Tokens a fungible listing holds in escrow. No deposit cap. Each deposit locks for 7 days from its block time. Pool rewards are 0.20% of trades while someone has staked, plus anything the creator adds, shared by stake and time.
Reissuable: Whether more of an asset can be made later.
Referral: A pair of Sign in with X accounts. The referred handle needs a blue check and 25 hours in the hat.
Reward wallet: The address a listing creator can fund with tokens or XFER, and the address a daily fee batch pays. Pool rewards stream from there for 7 days by stake and time.
Root name: Your main name, from your X handle. One free per X account.
RWA: Real-world asset. A token that stands for something off the chain.
Seed node: The node that signs blocks today. It is not in the draw.
Slippage: The most a Launch trade's price may move before the trade is refused. Default is 1%.
Slot: The minute a height belongs to.
Sub-asset: A token under your name, NAME/PROJECT.
Trigger order: A chart order that waits in this browser until the price hits it. Locking the wallet cancels it.
Units: Decimal places an asset can split into, 0 to 8.
Vault: The wallet stored in your browser, locked with your password.
X Verified: An X account with a blue check, or a business or government check.
XFER: The coin of X Coin.
Xferon: The smallest unit. 100M xferons (100,000,000) make 1 XFER.

Example

Example: Look up Hat

Example: you see "hat" on the lottery page. The glossary line says it is the set of active X Verified nodes in this minute's draw. The longer page is The lottery.

Common mistakes

Using a one-line definition as the whole rule. Open the linked guide before you act.

FAQ

New words?: Pool, slippage, referral, and the supply fields are in this list.
Search?: The search box on every wiki page matches titles and these terms.

The wiki explains how the software works. It is not legal, tax, securities or financial advice. Rules differ by country and change over time. Nothing here is a promise that XFER or any token will have value. Terms of Use.