Glossary

AML	Anti-Money Laundering. AML refers to the laws, regulations and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.
Block explorer	A web application which allows the user to inspect blockchain data.
DAO	Decentralized autonomous organization.
Fiat	Government-issued currencies (“Fiat Money”) such as USD or EUR.
Gas	Fees for the processing of transactions within a blockchain system.
KYC	Know-Your-Customer. KYC or “Know-Your-Customer“ is a set of guidelines used in financial services which stipulate that professionals must attempt to verify the identity and suitability of their customer and identify the risks involved in maintaining a business relationship with said customer.
Polygon	One of the most established blockchain protocols for smart contracts.
PoS	Proof-of-Stake, a blockchain consensus mechanism, whereby the consensus is established by node voting in proportion to the number of coins one holds.
QR code	Quick Response code, a type of machine-readable matrix barcode.
SLCT	SmartLeCo token
Smart contract	A 3rd party software/code which can be deployed and run on a supporting blockchain network and be triggered by transactions and/or commands to execute the code within.
SmartLeCo	Smart Leaders Community
SmartLeCo Ecosystem	Incorporates products and businesses that meet market demands and generate real income, prioritizing user satisfaction.
Ticker	Short symbol for a token.
Transaction Fee	The fees to be paid for making transactions on the Polygon Blockchain.
User	Anybody using the Polygon Blockchain or SmartLeCo token.