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Glossary of Terms
Last updated: 2025-01-27
Version: 1.0
Tokens and Blockchain
Governance Tokens
VC HB3 Accelerator tokens that grant the right to:
- Receive dividends (15% of all treasury receipts)
- Participate in on-chain voting on development priorities
- Create proposals for voting
- Access accelerator projects
Total tokens: 3,000,000
Available for LP investors: up to 30% (900,000 tokens)
Price: 1,000 USDT per token
Admin Tokens
Tokens that serve as licenses to use the Digital Legal Entity (DLE) platform. Admin token holders receive access to platform settings and updates for 5 years.
Pricing:
- Standard: 1 admin token = 1,000 USDT
- Premium: 10 admin tokens = 10,000 USDT
ERC-20
Token standard in the Ethereum blockchain. The DLE platform uses the ERC-20 standard to create governance tokens and admin tokens.
Smart Contracts
Self-executing programs in the blockchain that automatically execute contract conditions. Used in the DLE platform for token management, voting, and dividend distribution.
On-Chain Voting
Voting system implemented through smart contracts in the blockchain. All votes are recorded in the blockchain and available for verification.
Quorum
Minimum number of votes required to make a decision. In VC HB3 Accelerator, the initial quorum is 51% of all governance tokens, can be increased to 70%.
On-Premises
Software deployment model where software is installed on the client's infrastructure, not in the cloud. The DLE platform uses on-premises deployment to ensure full client control over data.
L2 Chains (Layer 2)
Secondary blockchain networks built on top of the main network (e.g., Ethereum). VC HB3 Accelerator plans to create custom L2 chains for regulators.
EVM Networks
Networks compatible with Ethereum Virtual Machine (EVM). The DLE platform supports all EVM networks, including Ethereum, Polygon, Arbitrum, and others.
Financial Terms
Dividends
Payments to token holders proportional to their ownership share. In VC HB3 Accelerator, 15% of all treasury receipts are distributed as dividends.
Fund Treasury
Fund balance that ensures liquidity of governance tokens. The treasury is formed from receipts from license sales, portfolio company exits, and capital raised from LP investors.
Liquidity
Ability to quickly sell an asset at a fair price. Treasury balance ensures liquidity of all governance tokens through a buyback mechanism.
Exit Rate
Percentage of portfolio companies that successfully exit investments (sale, IPO, acquisition). In conservative scenario: 8-10%, in optimistic: 15-20%.
IRR (Internal Rate of Return)
Internal rate of return — a measure of investment efficiency. Target IRR for VC HB3 Accelerator: 20-30%.
Pre-Seed
Early investment stage when a company is at the idea or prototype stage.
Seed
Investment stage when a company already has a product and first customers.
Series A
First major venture funding stage after seed round.
ICO (Initial Coin Offering)
Initial token offering, a method of raising capital through token sales.
Lock-Up Period
Minimum token holding period during which an investor cannot sell tokens back to the treasury. In VC HB3 Accelerator: 12 months.
Business Terms
LP (Limited Partners)
Limited partners — investors in a venture fund who provide capital but do not participate in management. In VC HB3 Accelerator, LP investors receive governance tokens and effectively become GPs with voting rights.
GP (General Partners)
General partners — managing partners of a venture fund who make investment decisions. In VC HB3 Accelerator, the founder is a GP, and LP investors receive GP rights through governance tokens.
Token Holder
Owner of governance tokens or admin tokens. Token holders have various rights depending on token type.
Client
Token holder who publishes tasks for development, customization, and platform support. Payment is made from the project treasury (15% expenses).
Contractor
Token holder who completes client tasks. Contractors receive payment from the project treasury.
Accelerator
Program supporting entrepreneurs, including education, software configuration, and access to investments. VC HB3 Accelerator plans to attract 21,000+ entrepreneurs to the first accelerator.
Cohort
Group of entrepreneurs participating in the accelerator simultaneously. 4 cohorts of 70 groups each are planned.
Portfolio Company
Company in which the fund invests funds. VC HB3 Accelerator plans to invest in 600 portfolio companies over 5 years.
Technical Terms
Docker
Platform for application containerization. The DLE platform is delivered as Docker containers for simplified deployment.
RAG (Retrieval-Augmented Generation)
Technology that combines knowledge base search with text generation. Used in the DLE platform's AI assistant.
FAISS
Library for efficient vector search, used in the AI assistant for semantic search across the knowledge base.
Ollama
Platform for running local LLM models. The DLE platform uses the qwen2.5:7b model.
AI Assistant
Built-in intelligent assistant of the DLE platform that automates business processes, including customer service, analytics, marketing, and HR.
AI-CRM
CRM system with artificial intelligence integration for customer service automation.
Regulatory Terms
Regulator
Government authority that regulates financial markets and company activities. VC HB3 Accelerator cooperates with regulators to create regulated tokenization infrastructure.
Special Economic Zones
Territories with special legal regime for business. VC HB3 Accelerator is registering in special economic zones of regulators.
CBDC (Central Bank Digital Currency)
Central bank digital currency. VC HB3 Accelerator offers regulators creation of infrastructure for money supply tokenization.
Compliance
Compliance with legal and regulatory requirements. The DLE platform ensures automatic compliance through automated reporting.
Additional Terms
Iterative Growth Model
Business expansion model where profit from one country is reinvested in registration and development in a new country. Cycle: legal entity registration → deployment → marketing → sales → expansion.
Network Effect
Phenomenon where the value of a product or service increases with the number of users. In VC HB3 Accelerator, the network effect manifests in the growth of ecosystem value with the increase in the number of entrepreneurs.
Dogfooding
Practice of a developer company using its own product. VC HB3 Accelerator uses the DLE platform to manage the fund's own assets.
Due Diligence
Thorough review of a company or project before investing. It is recommended to conduct Due Diligence before investing in VC HB3 Accelerator.
Last updated: 2025-01-27
Version: 1.0