Terms and Definitions

DGES (Decentralised Geolocation Ecosystem):

• A platform leveraging blockchain technology to securely record, track, and manage data associated with physical locations.

Blockchain Networks:

• Distributed digital ledgers that securely and transparently record transactions across multiple computers.

Non-Fungible Tokens (NFT):

• Unique digital assets authenticated using blockchain technology, representing exclusive ownership of a particular item or content.

Metadata:

• Data that provides information about other data, but not the content of the data itself, such as the text of a message or the image itself.

Smart Contract:

• A computer algorithm that outlines the terms of a contract, designed for the automatic execution and enforcement of contractual obligations.

DAO (Decentralized Autonomous Organization):

• An organisation functioning without centralized management, built on blockchain technology. Operations are conducted through smart contract calls, enabling participants to influence decision-making processes.

Vesting:

• The gradual unlocking of an asset, such as tokens, making them available for use in transactions over time.

Emission:

• The process of creating and issuing new tokens or digital assets.

Digital Right:

• A right that grants ownership or usage privileges over a digital asset.

Hash Grid:

• A method of segmenting a geographic area into a grid of cells, each uniquely identified by a hash value.

Geohash Data:

• Data produced by a system that encodes latitude and longitude coordinates into a compact string of characters.

Modular Approach:

• A method for designing systems with interchangeable components, allowing for independent development and replacement.

Extensions:

• Additional features or functionalities that can be incorporated into a digital asset through modular smart contracts.

Governance Pool:

• An asset repository enabling RNFT owners to participate in ecosystem governance via DAO voting and earn royalties by contributing their assets.

DAO Reserve:

• An reserve of different tokens managed by the DGES DAO, primarily used to provide grants for promising projects within the DGES ecosystem and support its operational activities.

DAO Treasury:

• A reserve of RNFT tokens, managed by DGES DAO, intended for eventual sale in exchange for stablecoins to support project development when necessary.