Glossary

Approval — a one-off transaction giving a contract permission to move a specific token on your behalf. Required before your first sell of any token.

Bonding curve — the formula a new token trades against before graduation. It sets the price from how much has been bought so far, so you always have a counterparty and never wait to be listed.

Burn — permanently destroying tokens. Burned supply is gone; it is not held anywhere. Part of every trade fee is a burn.

Circulating supply — tokens actually in existence and held by someone. Falls over time as fees burn supply, and drops sharply at graduation when unsold curve tokens are burned.

Contract address — the unique on-chain identifier of a token. The only thing that reliably distinguishes one token from another; names, tickers and images can all be copied.

Creator — the wallet that launched a token. Fixed at launch, earns 0.3% of every trade forever.

Creator rewards — the creator's share of the fee, accruing inside the token contract until claimed.

Curve progress — how full a bonding curve is, 0% to 100%. At 100% the token graduates.

Delegate — locking HH against a token to buy it promotion time. Also called staking.

FDV (fully diluted valuation) — price multiplied by total supply, including tokens not yet circulating. Always at least as large as market cap.

Gas — the network fee paid in ETH for any transaction. Separate from Holyhood's trading fee.

Graduation — the moment a token's curve fills and it moves into a locked Uniswap V3 pool. A threshold being reached, not a quality judgement.

HH — Holyhood's own token, used for delegation.

Holder — a wallet with a non-zero balance of a token.

IPFS — the distributed storage where token images live, so artwork is not hosted only by Holyhood.

Liquidity — the assets available to trade against. Deeper liquidity means your trades move the price less.

Liquidity lock — at graduation the pool position is held by the token contract permanently and can never be withdrawn by anyone, including the team.

Market cap — price multiplied by circulating supply.

Migration — the transaction that performs graduation. Anyone can call it; the protocol runs a keeper that does it automatically.

Price impact — how far your own trade moves the price. Grows with trade size.

Promoted — a token with active HH delegated to it, shown with a badge and placement. Paid visibility, not an endorsement.

Round trip — buying and then selling the same token. Always loses money on Holyhood, because each leg pays the 1% fee.

Slippage — the maximum price movement you will accept between submitting a trade and it landing. Exceeded, the trade reverts rather than filling at a worse price.

Sniping — buying in the first seconds after a launch, before others can react. Shown on each token's safety card as "bought at launch".

Treasury — the protocol's address, receiving the creation fee, the protocol's 0.4% of each trade, and graduation fees.

Uniswap V3 pool — where a token trades after graduation. Holyhood uses the 1% fee tier.

Wallet sign-in — signing a short message to prove an address is yours. Costs no gas and moves no funds. Needed for account features, not for trading.

WETH — wrapped ETH, the form ETH takes inside a Uniswap pool. You do not handle it directly; the app wraps and unwraps for you.