# Glossary

<table data-header-hidden><thead><tr><th width="152"></th><th></th></tr></thead><tbody><tr><td>AML</td><td>Anti-Money Laundering. AML refers to the laws, regulations and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.</td></tr><tr><td>Block explorer</td><td>A web application which allows the user to inspect blockchain data.</td></tr><tr><td>DAO</td><td>Decentralized autonomous organization.</td></tr><tr><td>Fiat</td><td>Government-issued currencies (“Fiat Money”) such as USD or EUR.</td></tr><tr><td>Gas</td><td>Fees for the processing of transactions within a blockchain system.</td></tr><tr><td>KYC</td><td>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.</td></tr><tr><td>Polygon</td><td>One of the most established blockchain protocols for smart contracts.</td></tr><tr><td>PoS</td><td>Proof-of-Stake, a blockchain consensus mechanism, whereby the consensus is established by node voting in proportion to the number of coins one holds.</td></tr><tr><td>QR code</td><td>Quick Response code, a type of machine-readable matrix barcode.</td></tr><tr><td>SLCT</td><td>SmartLeCo token</td></tr><tr><td>Smart contract</td><td>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.</td></tr><tr><td>SmartLeCo</td><td>Smart Leaders Community</td></tr><tr><td>SmartLeCo Ecosystem</td><td>Incorporates products and businesses that meet market demands and generate real income, prioritizing user satisfaction.</td></tr><tr><td>Ticker</td><td>Short symbol for a token.</td></tr><tr><td>Transaction Fee</td><td>The fees to be paid for making transactions on the Polygon Blockchain.</td></tr><tr><td>User</td><td>Anybody using the Polygon Blockchain or SmartLeCo token.</td></tr></tbody></table>


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