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Definitions

You will see the following definitions used in Stobox products and in our Knowledge Base guidelines:

Whitelist
a list of wallet addresses authorized to work with the selected security token. If it is enabled, only verified users can purchase, trade, and send security tokens to other whitelisted wallets after a lock-up period expires (if there is any lock-up period).
Сorporate manager
an administrative role of the Issuer team member that allows performing certain functions in the Corporate Dashboard account or directly on the smart contract within the permissions assigned by the Super Administrator.
Smart contract
is similar to an ordinary contract but exists on the blockchain and is executed as a code. For instance, the security token smart contract allows purchase only to investors whose wallet addresses are on the Whitelist at a set price.
Corporate treasury address
the main wallet address of the Issuer from which the security token distribution occurs. It is set up by default during the system deployment procedure. Also known as corporate wallet address and Super Administrator wallet address.
Atomic Swap
a smart contract that allows verified and whitelisted users to purchase security tokens anytime. It accepts crypto investments and sends security tokens in return 24/7 as per set conditions. It is set up during the system deployment procedure upon the Issuer's request.
Limits of transactions
a limit on the number of transactions that an investor is allowed to do on the blockchain for a selected security token.
Minimum limit
a minimum amount an investor should pay to purchase selected security tokens.
Maximum limit
a maximum amount an investor should pay to purchase selected security tokens. If investors want to purchase more, they can request to increase this limit. However, an additional AML check may apply.
Residual limit
shows how much more you can invest. For instance, you have a maximum limit of $10,000 and invest $1,000. The residual limit will show you $9,000, which means you can invest $9,000 more.
Trading limit
a limit for the secondary market (trading) and sending security tokens from one whitelisted wallet address to another whitelisted wallet address.
Transaction limit
a number of transactions an investor can do during trading (DS Swap) or sending security tokens to another whitelisted wallet address (p2p transfer).
Redemption
a process when a company burns a portion of tokenholders' security tokens on their wallet addresses for a company to redeem security tokens under agreed conditions. To be able to do it, Issuer should specify their intention to proceed with redemption in advance during the system deployment procedure.
Burn
a process where a corporate manager removes security tokens from the total supply. The tokens are sent to a wallet address that cannot be used for transactions other than receiving the coins. The wallet is not whitelisted, and the tokens can no longer be used.
Mint
a process of creating (issuing) new security tokens in the Corporate treasury wallet address or the specific whitelisted addresses on a blockchain network.