Krows glossary
Every Krows term, from A to Z, explained in one sentence.
- Address
- The public identifier of a wallet or contract. You share it to receive.
- Airdrop
- Tokens that appear in your wallet without asking. Often a trap to make you open a link.
- All or nothing
- If a round does not reach 100% before it closes, every investor gets their investment back.
- Block explorer
- Website to view any address, contract or operation on the blockchain.
- Blockchain
- Public record no one can delete or change. Anyone can check it.
- Board
- The Krows showcase listing startups raising funding that have passed review.
- Checkout
- A startup’s investment page, on checkout.krows.app.
- Diversify
- Spreading your investment across several startups so you do not depend on one.
- External audit
- Independent review of a startup’s accounts or code. If positive, it adds trust score.
- Founder
- The person or team who creates the startup and raises funding.
- Free withdrawal
- Up to 10% of the treasury every 30 days without a milestone, for founders and startups with trust 76 or more. Investors can veto it within 48 hours.
- Investment fee
- 2% + 0.25 USDC added to each investment without Krows Pro. Only refunded if you withdraw within 4 days of investing.
- Issuer
- Whoever creates and offers the tokens. On Krows, always the startup’s founder.
- Krows Pro
- Plan at $19.99/month or $159.99/year (same in € in Europe) with all the information on every startup, a 1.5% + 0.25 USDC fee per investment and messages to 3 founders a month.
- Krows wallet
- The Solana wallet Krows creates for you when you sign in with email, Google or Apple. Only you can use it.
- KYC
- Identity verification. Krows does not require it to use the platform.
- MiCA
- European Markets in Crypto-Assets regulation. It covers offers, stablecoins and providers.
- Milestone
- A startup goal with an amount released if at least 20% of tokens vote and more than 51% say yes.
- Network fee
- What the Solana network charges to process an operation. It is tiny and, on Krows, Krows pays it.
- PDA
- Program-derived address on Solana. It has no private key: only the program can move it.
- Phantom
- A free Solana wallet for phone and browser. You can use it to sign in to Krows, like Solflare or Backpack.
- Phishing
- A trick to get your data or signature by pretending to be someone you trust.
- Publishable key
- The pk_ key that identifies your startup in the button and widget. It is public.
- Quorum
- Minimum turnout or votes in favor for a vote to count.
- Recovery phrase
- The 12 words that give full access to your wallet. Never share them.
- Referendum
- Vote to close a startup. It opens when 40% of tokens request it, needs 40% turnout and passes with 67%.
- Report
- Mandatory biweekly or monthly update from the founder to investors, with a 3-day margin.
- Round
- Period of up to 90 days in which a startup raises funding, with a goal and a closing date. It is all or nothing.
- Secret key
- The sk_ key for calling the API from your server. Never goes in the browser.
- Signature
- Your approval in the wallet for a specific operation. Nothing moves without it.
- Smart contract
- Public program on the blockchain that holds money and only moves it when its rules are met.
- SOL
- The Solana network currency, used to pay network fees. On Krows you do not need it.
- Solana
- The blockchain network where Krows contracts live. Fast and cheap.
- Stablecoin
- Digital currency always worth the same as the dollar or euro, like USDC.
- Test mode
- An environment with test USDC and pk_test/sk_test keys to rehearse with no real money.
- Token
- Digital asset issued by a startup. It gives economic rights, never shares; they are explained in its documents.
- Treasury
- Contract with no private key where a round’s money waits until released.
- Trust score
- Reputation from 0 to 100 for every user and startup. Rises by delivering, drops by failing.
- USDC
- Circle’s stablecoin worth one dollar. It is the one used in rounds.
- Veto
- Investors’ vote against a free withdrawal, within 48 hours.
- Wallet
- App to hold and move your crypto-assets. You hold the keys.
- Webhook
- A signed notice Krows sends to your server when something happens in your startup.
- White paper
- Document with the information of a crypto-asset offer: issuer, project, rights and risks.
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