📚Glossary

Buy & Sell Tax: A 5% tax levied on token purchases and sales respectively. This tax is used to fund platform development and reward stakers who ensure adequate liquidity within the ecosystem.

Decentralized Finance (DeFi): A financial system built on blockchain technology, characterized by peer-to-peer transactions, transparency, and the absence of centralized intermediaries.

Governance: The process by which users or token holders participate in shaping a platforms growth through voting on proposals that impact the protocol, fee structures, and other crucial aspects.

High-Yield Staking: A staking mechanism offering attractive returns to users who lock their tokens to support network growth and earn rewards.

L2 Chain: A secondary blockchain built on top of the main L1 blockchain to address scalability challenges and enable faster, cheaper transactions.

Staking: A core DeFi functionality within that allows users to stake tokens and earn rewards while contributing to network security and growth.

Secure Network: A blockchain network that is resistant to attacks and tampering, due to robust validator services.

ntTAO Token: The token within the NTD ecosystem that represents governance rights. Holders of ntTAO tokens can vote on proposals that influence the platform's development.

Total Supply: The total number of tokens ever created.

Validator: A node responsible for verifying transactions and maintaining the security of the blockchain network. Neural Validators play a crucial role in ensuring the integrity of the NTD network.

wTAO: Wrapped version of the TAO token that is compatible with the Ethereum network and facilitates seamless staking and unstaking within the NTD network.