Glossary

Blockchain

A decentralized, distributed ledger technology that records transactions across many computers in such a way that the registered transactions cannot be altered retroactively.

Decentralized Marketplaces

Online platforms where buyers and sellers engage in transactions directly with each other, without the need for intermediaries, facilitated by blockchain technology.

Escrow Account

A financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction.

Link-in-Bio

A tool used by social media users to provide a single URL in their profile that links to multiple destinations, such as websites, stores, or other social media profiles.

MOTI

A self-sovereign social network that enables users to connect accounts, profiles, and wallets into a universal self-sovereign profile, transforming interactions into verifiable credentials.

MOTI BIO

A feature of MOTI that allows users to create a profile showcasing their verifiable credentials and achievements, displayed as badges.

MOTI Passport

A feature of MOTI that grants users access to various communities and environments based on their verified credentials.

MOTI Marketplace

A decentralized marketplace ecosystem within MOTI where users can engage in peer-to-peer transactions, claim rewards, and receive compensation.

MOTI Token

The native cryptocurrency used within the MOTI ecosystem for transactions, staking, and earning rewards.

Self-Sovereign Identity (SSI)

A model for managing digital identities in which individuals have sole ownership over their identity without relying on a central authority.

Staking

The process of locking up tokens in a wallet to support the operations of a blockchain network, earn rewards, and enhance security.

Universal Staking Wallet

A wallet within MOTI where users stake tokens to participate in transactions, access marketplaces, and verify credentials.

Verifiable Credentials (VCs)

Digital certificates that represent proof of a user's identity, achievements, contributions, or other verified information.

Trust as a Service (TaaS)

A service model provided by MOTI that involves issuing verifiable credentials for actions, contributions, and achievements, verifying identity and credentials, and accessing universal staking wallets.

Tokenomics

The economic model and policies governing the use, distribution, and management of tokens within a blockchain ecosystem.

Soulbound

A concept in MOTI where verifiable credentials act as personal digital assets that are tied to an individual's identity and cannot be transferred.

Distributed Ledger

A database that is consensually shared and synchronized across multiple sites, institutions, or geographies, allowing transactions to have public witnesses.

Credential Verification

The process of verifying the authenticity of a user's credentials within the MOTI ecosystem.

Badges

Digital representations of a user's verifiable credentials and achievements within the MOTI network.