CRYPTO TERMS

New to crypto? Here are some basics to help you understand the Yibbles ecosystem.

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Wallet

A digital container that holds your crypto and allows you to interact with blockchain apps. Think of it like a username and password combined.

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Token

A digital item on the blockchain. Yibble tokens represent your connection to a specific yibble character.

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Blockchain

A public digital ledger that records all transactions. Like a shared spreadsheet that everyone can see but no one can change.

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Solana

The blockchain network Yibbles runs on. Known for fast transactions and low fees.

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Bonding Curve

A pricing formula where token prices automatically adjust based on supply. More kindred joining = higher price. Kindred leaving = lower price.

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Kindred

Community members who have adopted a yibble. Your kindred count shows how many people have joined the community.

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Gas Fees

Small fees paid to process transactions on the blockchain. Like postage for sending digital packages.

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Slippage

The difference between expected price and actual price when a transaction completes. Prices can change between when you click and when it processes.

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Smart Contract

Code that automatically executes when conditions are met. Yibble trades happen through smart contractsβ€”no middlemen needed.

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Liquidity

How easily you can trade in or out of a position. Higher liquidity = easier trades with less price impact.

⚠️ Remember: Crypto is experimental and speculative. Only participate with what you can afford to lose completely.