🔎Terms and Definitions
Service: This is a service provided by the company and refers to the Fandomdao service that members can use
User: Refers to a person who uses the services provided by the company
Member: Refers to a user who has entered into a service agreement with the company in accordance with Article 5, Paragraph 1 of these Terms and Conditions
Account: Refers to a means of accessing the service that is created and registered when a wallet is created using Web3auth or a wallet is connected using Web3Modal
Feed: Means creating or uploading text, photos, videos, and various files and links in the form of information such as signs, letters, voices, sounds, images, and videos posted by members on the service
Withdrawal: This is the act of a member terminating the service agreement
Blockchain: A technology that stores data in electronic blocks and connects each block sequentially like a chain. It is a distributed technology that records transaction details in a ledger that anyone can view and copies and stores them on each computer participating in the blockchain network. This refers to a type data storage method
Web 3.0: An advanced form of the Internet, it refers to the concept of providing services with enhanced reliability and security based on distributed data, blockchain, and smart contracts. Web3 provides users with better privacy protection, decentralized applications, and transfer of data ownership and control
Cryptocurrency: Information that exists electronically on blockchains such as Bitcoin (BTC) and Ethereum (ETH), which is the purpose of the service
Smart contract: A bundle of program code executable on the blockchain that provides the ability to automatically execute and verify transactions or agreements between contract users according to predefined rules and conditions. Smart contracts are deployed and executed on the blockchain network, providing reliability and security in the distributed environment of the blockchain
Transaction: Refers to a unit that performs tasks such as transferring tokens, distributing and executing smart contracts, and changing account status on the blockchain . A transaction represents a user request or event that occurred on a blockchain network and contains the information and data required for a specific action to be recorded on the blockchain
Digital asset: Refers to all blockchain-based items or data in digital format, including tokens, NFTs, and digital assets derived therefrom, which serve as a means of storing value and a medium of exchange electronically within the service
Network fee: This is the cost paid to process transactions on the blockchain. Users can process their transactions by paying a fee, which is paid for using the network. The company does not collect this fee, and it is used for maintaining the blockchain network, enhancing security, and rewarding network participants
Web3 Auth: A pluggable authentication system developed by Tours Lab that supports social login and Web3 wallet and key management. Web3 Auth supports membership registration, login, wallet creation, etc. in the Fandomdao service
Wallet: A means used to manage digital assets such as coins, tokens, or NFTs. When a user signs up for the Web3 Auth service, a digital wallet linked to the Web3 Auth account is created. Through this digital wallet, members can safely store their digital assets and use the Web3 service provided by the Fandomdao service
Wallet address: A unique identification address that exists on the blockchain to record changes in digital assets. The wallet address serves to identify the user who holds the digital asset and allows tracking the sending, receiving, and transaction history of the asset on the blockchain network. Each wallet address consists of a unique encrypted string that allows you to securely secure, send and receive digital assets
Ethereum Network: A decentralized smart contract platform using ETH. The Ethereum network provides an environment for smart contract execution and data storage
ETH (Ethereum): A digital asset used in the Ethereum network. ETH is used to pay transaction fees and execute smart contracts within the Ethereum blockchain
Binance Network: A decentralized smart contract platform using BNB. The Binance Network provides an environment for smart contract execution and data storage
BNB (Binance Coin): A digital asset used on the Binance network. BNB is used to pay transaction fees and execute smart contracts within the Binance blockchain
FAND (FAND Token): Refers to a token issued by Fandomdao that is used to provide benefits and services using Web3 technology to Fandomdao users and to grow its unique value
FAO (Fandom Activity Points): Refers to an electronic payment method that members can use for other purposes, such as exchanging within the service and participating in voting. Points can be accumulated through activities such as signing up, entering additional information, creating content, purchasing products, or participating in events, or can be replenished through exchange or club rewards
Club (Staking): Refers to the act of participating with FAND tokens held by members and seeking rewards that may arise from that participation
Club Cancellation (Unstaking): Refers to the act of a member opting out of a club and requesting that the FAND used in the club be deposited into the user's wallet
Compensation: Refers to digital assets paid in return for staking
Staking Wallet: Refers to a digital asset wallet where the digital assets of members who applied for the club are collected and stored, and the rewards generated by the club are collected and stored
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