Glossary

Truckology: The study and analysis of the trucking industry, including its operations, logistics, technologies, and trends.

Staking: In the context of blockchain and cryptocurrencies, staking refers to the process of actively participating in a proof-of-stake (PoS) consensus mechanism. By staking their tokens, individuals can support network operations, validate transactions, and potentially earn rewards in return.

DeFi (Decentralized Finance): DeFi is an umbrella term that encompasses various financial applications and services built on decentralized blockchain platforms. It aims to provide traditional financial services, such as lending, borrowing, trading, and investing, in a decentralized and permissionless manner, without the need for intermediaries like banks.

Smart Contract: A smart contract is a self-executing program that runs on a blockchain. It automatically enforces the terms and conditions of an agreement between multiple parties, eliminating the need for intermediaries. Smart contracts are integral to many DeFi applications.

Liquidity: In the context of finance, liquidity refers to the ease with which an asset or security can be bought or sold without causing significant price changes. In DeFi, liquidity is a critical component that ensures efficient trading and enables users to enter or exit positions quickly.

Yield Farming: Yield farming, also known as liquidity mining, is a process where cryptocurrency holders provide liquidity to decentralized exchanges or lending platforms in return for rewards. By locking up their funds in specific protocols, participants can earn additional tokens as an incentive.

Decentralized Exchange (DEX): A decentralized exchange is a platform that allows users to trade cryptocurrencies directly with one another without the need for intermediaries. DEXs operate on blockchain networks and utilize smart contracts to facilitate peer-to-peer transactions.

Tokenomics: Refers to the economics and design principles behind a particular cryptocurrency or token. It encompasses factors such as token distribution, supply, inflation, utility, governance mechanisms, and the overall economic model of the project.

Fiat Currency: Fiat currency refers to government-issued currencies that are not backed by a physical commodity, such as gold or silver. Examples include the US dollar (USD), euro (EUR), or Japanese yen (JPY).

Proof of Stake (PoS): Proof of Stake is a consensus mechanism used in some blockchain networks, where validators are chosen to create new blocks based on the number of tokens they hold and "stake" as collateral. It is an alternative to the Proof of Work (PoW) consensus used by cryptocurrencies like Bitcoin.

Gas Fee: In blockchain networks, gas fees represent the cost required to perform transactions or execute smart contracts. Gas fees are paid in the native cryptocurrency of the network and help prioritize transactions by assigning higher fees to expedite processing.

Supply Chain Management: Supply chain management involves the coordination and control of the flow of goods, information, and services from the point of origin to the point of consumption. In the context of the trucking industry, it pertains to the management of logistics, transportation, and inventory-related processes.

THEO-THEOX Tokens: are designed to create a sustainable and profitable ecosystem that benefits everyone involved. Truckology's ecosystem revolves around two flagship tokens