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.

DITEX

Ticker for the Ditex token

Ditex Ecosystem

Incorporates products that meet market demands and generate real income, prioritizing user satisfaction.

Block explorer

A web application that allows the user to inspect blockchain data.

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 that 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 is a blockchain consensus mechanism that establishes the consensus by node voting in proportion to the number of coins one holds.

QR code

Quick Response code, a type of machine-readable matrix barcode.

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.

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 Ditex token.

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