📖1. Definitions and Applications

Here is a comprehensive list of blockchain, business, and technology terms used in the Maniacs.gg ecosystem, arranged alphabetically for easy reference.

Airdrop Definition: A distribution of cryptocurrency tokens or coins, usually for free, to a large number of wallet addresses. Application: Used to distribute $MACS tokens to community members to incentivize engagement and adoption.

Badges Definition: Digital indicators of achievements or milestones within a platform. Application: Used to recognize and reward user participation and achievements in the Maniacs Global Entertainment community.

Blockchain Definition: A decentralized digital ledger that records transactions across many computers so that the record cannot be altered retroactively. Application: Used to securely and transparently record transactions for cryptocurrencies like $MACS.

Bridging Web 2 and Web 3 Definition: The process of transitioning users from a traditional internet (Web 2) to a decentralized internet (Web 3) through blockchain and cryptocurrency adoption. Application: Maniacs Global Entertainment aims to educate and support users in understanding and benefiting from blockchain technology.

Business Model Definition: A company's plan for generating revenue and making a profit from operations. Application: Maniacs Global Entertainment's business model combines real-world entertainment services with blockchain technology to create a sustainable and profitable ecosystem.

Cliff Definition: A specific period before which no vesting of tokens occurs. Application: Used in token vesting schedules to ensure tokens are not immediately available.

Cloud Storage Definition: Remote storage services that allow users to save data on the internet, ensuring easy access and redundancy. Application: Used in Maniacs Global Entertainment for storing game data and user profiles securely and efficiently.

dApp (Decentralized Application) Definition: An application that runs on a decentralized network, typically a blockchain. Application: Maniacs Global Entertainment uses dApps for various functionalities, such as generating tokens from RC Cars left in the park.

Dashboard Definition: A user interface that organizes and presents information in an easy-to-read way, often summarizing complex data. Application: Provides a centralized platform for users to view their statistics, rewards, and interactions within Maniacs Global Entertainment.

Decentralization Definition: The distribution of authority and decision-making power away from a central entity. Application: Miner Maniac NFTs help decentralize token distribution within the Maniacs Global Entertainment ecosystem.

Deflationary Definition: An economic condition where the supply of an asset decreases over time. Application: The burn mechanisms in the Maniacs Global Entertainment ecosystem create a deflationary effect on the $MACS token supply.

Ecosystem Definition: A complex network or interconnected system. Application: The Maniacs Global Entertainment ecosystem includes tokens, NFTs, dApps, and various real-world and digital applications.

Fiat Currency Definition: Government-issued currency that is not backed by a physical commodity. Application: Users can convert their fiat currency into $MACS tokens for use within the Maniacs Global Entertainment ecosystem.

Friends and Family Definition: Early supporters of a project. Application: Initial supporters of Maniacs Global Entertainment who help kickstart the project before broader public involvement.

User Interface (UI) Definition: The part of a website or application that users interact with directly. Application: Ensures that Maniacs Global Entertainment is user-friendly and accessible, providing a seamless experience for community interaction.

Governance Definition: The process of making decisions and managing a blockchain project through voting by token holders. Application: $MACS token holders participate in governance decisions within the Maniacs Global Entertainment ecosystem.

Launchpad Definition: A platform for launching new cryptocurrency projects and conducting initial token sales. Application: Used to introduce new tokens to the market, including $MACS.

Linear Release Definition: A vesting schedule where tokens are gradually released over a set period. Application: Ensures a steady release of tokens to prevent market flooding.

Lock-in Period Definition: A period during which staked tokens cannot be withdrawn. Application: Encourages long-term commitment from stakers within the Maniacs Global Entertainment ecosystem.

Market Value Definition: The value of an asset as determined by the market through supply and demand. Application: $MACS tokens' value is influenced by market dynamics within the Maniacs Global Entertainment ecosystem.

Miner Maniac NFTs Definition: NFTs used to create staking pools, enabling decentralized token distribution. Application: Holders can create Mines, stake tokens, and earn rewards.

Mines Definition: Staking pools created by holding Miner Maniac NFTs. Application: Allows token holders to stake their $MACS tokens and earn rewards.

NFT (Non-Fungible Token) Definition: A unique digital asset verified using blockchain technology, representing ownership of a specific item or piece of content. Application: Includes Miner Maniac NFTs, Ownership Certificate NFTs, Exclusive and VIP Passes, and Trophies.

Ownership Certificate NFTs Definition: NFTs represent ownership of physical or digital assets, granting specific rights. Application: Used for assets like RC Cars, which generate tokens when left in the park.

Phantom Wallet Definition: A cryptocurrency wallet specifically designed for the Solana blockchain, used to manage digital assets and interact with decentralized applications. Application: Supported by Maniacs Global Entertainment to facilitate secure and efficient transactions within the ecosystem.

Pool of Tokens Definition: A collective group of tokens designated for a specific purpose. Application: Used to allocate staking rewards within the Maniacs Global Entertainment ecosystem.

Presale Definition: An early sale of tokens before the public sale, often at a discounted rate. Application: Conducted through Ambassadors in the Maniacs Global Entertainment ecosystem.

Public Sale Definition: The sale of tokens to the general public. Application: Follows the presale, allowing broader community participation.

RC Cars Definition: Radio-controlled cars used for entertainment and competitive racing. Application: Integrated into the Maniacs Global Entertainment ecosystem for FPV racing and token generation.

Rewards Definition: Benefits or incentives given to participants for their actions. Application: Includes staking rewards, tasking rewards, and other incentives within the Maniacs Global Entertainment ecosystem.

Rust Definition: A programming language focused on safety and performance, particularly in concurrent environments. Application: Utilized in developing secure and efficient system-level components within the Maniacs Global Entertainment infrastructure.

SEED Definition: Initial round of funding for a project. Application: Early development funding phase for Maniacs Global Entertainment, typically involving Friends and Family.

Smart Contract Definition: Self-executing contracts with the terms of the agreement directly written into code. Application: Used to automate transactions and agreements within the Maniacs Global Entertainment ecosystem.

Staking Definition: The process of holding and locking up a certain amount of cryptocurrency to support the operations of a blockchain network. Application: Users stake $MACS tokens in Mines to earn rewards and participate in governance.

Supply and Demand Definition: The relationship between the availability of a product and the desire for that product. Application: Influences the market value of $MACS tokens within the Maniacs Global Entertainment ecosystem.

Tasking Rewards Definition: Points or tokens earned by completing specific tasks or activities within an ecosystem. Application: Mine owners and participants earn tasking rewards by undertaking tasks, enhancing their engagement and earning potential.

TGE (Token Generation Event) Definition: The event where tokens are created and distributed. Application: Marks the official launch of $MACS tokens within the Maniacs Global Entertainment ecosystem.

Token Burn Mechanism Definition: The process of permanently removing tokens from circulation to reduce supply. Application: Used to increase the scarcity of remaining tokens.

Tokenomics Definition: The study of the economics of a token, including its distribution, supply, and demand. Application: Governs the distribution and use of $MACS tokens within the Maniacs Global Entertainment ecosystem.

Unbonding Period Definition: The period during which staked assets are locked before they can be withdrawn. Application: Ensures commitment and stability within staking pools.

User-friendly Definition: A characteristic of software or systems that are easy to use and understand. Application: Maniacs Global Entertainment is designed to be accessible and engaging for users, enhancing their overall experience.

VC (Venture Capital) Definition: Financial capital provided by investors to startup companies and small businesses with perceived long-term growth potential. Application: Used to fund the development and expansion of Maniacs Global Entertainment.

Vesting Definition: The process by which employees or founders gradually earn their rights to their share of tokens over time. Application: Ensures that team members are incentivized to contribute to the long-term success of the project.

VIP Passes Definition: Special NFTs that grant holders exclusive access to events, competitions, and other premium experiences. Application: Provides entry to exclusive events and offers special perks within the Maniacs Global Entertainment ecosystem.

Web 2 Definition: The current state of the internet, which includes social media, blogs, and e-commerce sites where content is created and shared by users. Application: Traditional online activities that can be integrated into the Maniacs Global Entertainment ecosystem.

Web 3 Definition: The next generation of the internet, characterized by decentralization and blockchain technology. Application: Forms the foundational technology of the Maniacs Global Entertainment platform, enabling decentralized operations and innovations.