Glossary

Parazone Protocol

The Parazone Protocol refers to the decentralized finance (DeFi) protocol built on the Ethereum blockchain that facilitates the trading, tokenization, and fractional ownership of real estate assets.

Automated Market Maker (AMM)

An Automated Market Maker (AMM) is a decentralized trading mechanism that replaces traditional order book-based exchanges. In the Parazone Protocol, the AMM enables seamless peer-to-peer trading of real estate assets by utilizing liquidity pools and smart contracts.

Tokenization

Tokenization is the process of converting real-world assets, such as properties, into digital tokens on the blockchain. In the context of the Parazone Protocol, tokenization allows investors to own fractions or shares of real estate assets, enabling increased liquidity and accessibility.

Liquidity Providers

Liquidity providers are participants in the Parazone Protocol who contribute their assets to liquidity pools. By providing liquidity, they ensure the availability of trading pairs and enable smooth transactions for users on the platform.

Decentralized Governance

Decentralized governance refers to the community-driven decision-making process in the Parazone Protocol. Token holders have the power to propose and vote on important matters, such as protocol upgrades, fee structures, and new feature implementations, shaping the future of the platform.

Smart Contracts

Smart contracts are self-executing agreements with predefined rules and conditions that facilitate automated transactions on the blockchain. In the Parazone Protocol, smart contracts are utilized for functions such as asset tokenization, trade execution, ownership transfers, and revenue distribution.

Interoperability

Interoperability refers to the ability of the Parazone Protocol to connect and interact with other blockchain networks and protocols. It allows for the seamless transfer of assets and liquidity between different platforms, enhancing the overall functionality and reach of the protocol.

Fractional Ownership

Fractional ownership refers to the concept of dividing the ownership of an asset into smaller, tradable fractions. In the Parazone Protocol, fractional ownership enables investors to own a portion of a real estate asset, providing greater accessibility and investment opportunities.

Parazone Token (PZT)

The Parazone Token (PZT) is the native utility token of the Parazone Protocol. It is used for governance participation, fee payments, and other platform-related activities within the ecosystem.

Yield Farming

Yield farming is a DeFi practice that allows users to earn additional tokens or rewards by providing liquidity to specific pools within the Parazone Protocol. It incentivizes participants to contribute their assets and enhances the overall liquidity of the platform.

Please note that this glossary provides a basic understanding of key terms related to the Parazone project. For more detailed explanations, refer to the respective sections and documentation within the Parazone ecosystem.