10. Glossary of terms

AURC - Auroca Utility Token, using the token users may access the Auroca Governance Interface and engage with the Auroca DAO development and decision-making. AURC will not be accepted as a form of payment on the Auroca Dao Interface.

ART(s) - Asset-Referenced Token, digital assets backed by tangible resources, that purports to maintain a stable value by referencing another value or right, or a combination of the two.

DAO - Decentralized Autonomous Organization is an entity with no central leadership, governed by a community organized around a specific set of rules enforced on a blockchain.

Proto-DAO - Prototype Decentralized Autonomous Organization: An early-stage or basic version of a decentralized autonomous organization (DAO). It serves as a prototype or experimental model for testing governance mechanisms, operations, and functionalities before full deployment.

TGE - Token Generation Event, represents the moment when, for the first time, a token is generated on its blockchain and made available to the public.

Tokenization - the process of converting rights to an asset into a digital token on a blockchain. This process allows for the representation and transfer of ownership of assets in a digital format, enabling increased liquidity, efficiency, and accessibility in asset trading and management.

Proof of reserves - A cryptographic method used to prove that an entity holds the assets it claims to have. It involves providing cryptographic proofs, such as hash values or digital signatures, to demonstrate the existence and authenticity of reserves.

Utility token - Utility tokens are tokens which are intended to

provide access digitally to an application or service by means of

a blockchain-based infrastructure. Utility tokens are not designed as an investment tool or means of payment but rather as a means of accessing and participating in a platform's functionality.

IDO - A decentralized fundraising method for cryptocurrency projects, where tokens are issued and distributed directly on decentralized exchanges instead of traditional centralized platforms.

RWA - Real World Assets, refer to tangible assets that exist outside the digital realm. These can range from bonds to commodities, machinery, etc. The concept of RWAs in the blockchain context is about digital tokens that represent these physical and traditional financial assets.

Progressive Decentralization - is the process of gradually revoking permissions over a protocol and transferring decision-making powers to a distributed network comprising members of the protocol’s community (e.g., users and developers).

Cliff - Tokens distributed pending a Cliff cannot be accessed or transferred before the Cliff term comes to its end. Should a token holder earn or receive tokens bound by a Cliff seize their activity before the cliff period comes to term, this will result in forfeiting their claims to the accumulated tokens bound to the Cliff period. Vesting - The gradual release of tokens to holders according to predetermined conditions, such as time-based milestones or performance goals. This process helps align incentives, promote long-term commitment, and mitigate risks of token dumping.