# Dictionary

### Overview

Use this glossary for quick definitions of common crypto and SmartDeFi terms.

* **Blockchain:** A distributed ledger that records transactions on a network.
* **Token:** A digital asset that represents value, utility, or ownership on a blockchain.
* **Decentralized Finance (DeFi):** Financial tools and services built on blockchain networks without traditional intermediaries.
* **Decentralized Exchange (DEX):** A platform for peer-to-peer token trading without centralized custody.
* **Centralized Exchange (CEX):** A trading platform run by a central operator that holds custody of user assets.
* **Smart Contract:** Code deployed on a blockchain that executes predefined logic automatically.
* **Presale:** A fundraising event that gives participants early access to a project before public trading.
* **Wallet:** A tool for storing, sending, and receiving blockchain assets.
* **Wallet Address:** The public destination used to receive tokens or coins.
* **Seed Phrase:** The recovery phrase that gives full access to a wallet.
* **Staking:** Locking tokens in a protocol to earn rewards.
* **Hardcap:** The maximum amount a project aims to raise in a fundraising event.
* **Softcap:** The minimum amount needed for a fundraising event to be considered successful.


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