Glossary

Staking: The process of holding and locking a certain amount of tokens in a wallet to support the operations and security of a blockchain network. In the context of Qoodo, users can stake their QDO tokens to participate in the staking pool and earn rewards.

Token Utility: Refers to the various purposes and functions of a token within a specific ecosystem. In the case of Qoodo, the QDO token has utility in accessing premium features, participating in the marketplace, supporting employee reward programs, and more.

Wizard: A user-friendly tool or interface that guides users through a series of steps or processes to accomplish a specific task. In Qoodo, the log wizard helps users create and manage logs efficiently.

Smart Contract: Self-executing contracts with predefined rules and conditions that are written in code and stored on a blockchain. Qoodo utilizes smart contracts to automate and enforce agreements, such as the staking contract and compliance-related contracts.

Token: A digital representation of value or utility that is stored and transferred on a blockchain. In Qoodo, the QDO token is the native token of the ecosystem and serves various purposes within the platform.

Blockchain: A decentralized and distributed ledger technology that records and verifies transactions across multiple computers. Qoodo leverages blockchain for transparency, immutability, and security of data and transactions.

Regulation: Refers to rules, laws, and guidelines set by regulatory authorities to govern and ensure compliance in specific industries or activities. Qoodo helps businesses achieve regulatory compliance through its compliance-related features and tools.

Vesting: A process where tokens or other assets are gradually released to individuals over a specific period of time. In Qoodo, vesting is used to control the release of tokens based on performance and subscription duration.

Cliff: A point in time within a vesting schedule where a certain number of tokens become available for the token holder. It marks the end of a lock- up period and allows the token holder to access a portion of their vested tokens.

TGE (Token Generation Event): Refers to the event or process through which a new token is created and made available to the public. Qoodo's TGE marked the launch of the QDO token.

IPFS (InterPlanetary File System): A decentralized file storage system that uses a distributed network of computers to store and retrieve files. Qoodo utilizes IPFS to store and retrieve documents and other relevant data.

QR (Quick Response) Code: A two-dimensional barcode that can be scanned by a smartphone or other devices to quickly access information or perform specific actions. Qoodo uses QR codes for product tracking and accessing specific data.

Layer: In the context of blockchain technology, a layer refers to a separate protocol or infrastructure built on top of an existing blockchain network. Qoodo may utilize additional layers to enhance scalability, privacy, or functionality within its ecosystem.

Compliance: Refers to the adherence to legal, regulatory, and industry-specific requirements and standards. In the context of Qoodo, compliance involves ensuring that businesses meet and maintain the necessary rules and regulations related to their operations.

Task Management: The process of planning, organizing, and tracking tasks to ensure their efficient and timely completion. Qoodo provides features and tools for managing tasks within the platform, allowing businesses to streamline their workflow and improve productivity.

Quality Assurance: The systematic process of ensuring that products or services meet specified requirements and standards. Qoodo helps businesses track and monitor quality-related activities, perform audits, and maintain consistent quality control.

Audit: A comprehensive examination or review of processes, systems, and operations to evaluate compliance, efficiency, and effectiveness. Qoodo enables businesses to conduct audits and maintain accurate audit trails for regulatory and internal purposes.

Project Management: The practice of planning, organizing, and controlling resources to achieve specific project goals within defined constraints. Qoodo provides project management features that allow project managers to assign tasks, track progress, and ensure project success.

Compliance Officers: Professionals responsible for overseeing and ensuring compliance within organizations. In the context of Qoodo, compliance officers can leverage the platform's features to streamline compliance processes, track compliance-related tasks, and maintain records.

Quality Managers: Professionals responsible for managing and ensuring quality control within organizations. Qoodo's tools and features can assist quality managers in monitoring and improving quality assurance processes and maintaining high-quality standards.

Regulatory Compliance: The adherence to laws, regulations, and standards set by governing bodies and industry authorities. Qoodo helps businesses achieve regulatory compliance by providing tools for tracking, documenting, and ensuring adherence to relevant regulations.

SMEs (Small and Medium Enterprises): Businesses that have a small to medium size and typically have fewer employees and resources compared to large corporations. Qoodo caters to the compliance and task management needs of SMEs across various industries.

Multinational Corporations: Large companies that operate in multiple countries and have a global presence. Qoodo's solutions can be beneficial for multinational corporations with complex compliance requirements and extensive task management needs.

Staking Portal: An online platform where users can access and engage in staking activities, such as staking their QDO tokens and managing their staking rewards.

Layer 2 Solutions: Secondary scaling solutions built on top of a blockchain network, designed to improve scalability and reduce transaction costs. Qoodo may explore layer 2 solutions to enhance the performance of its platform.

Gas Fee: The cost required to execute transactions or smart contracts on a blockchain network, usually paid in the native cryptocurrency of the network (in Qoodo's case, QDO tokens).

Compliance Metric: A measurement or assessment system used to evaluate and monitor compliance performance. Qoodo utilizes a compliance metric to determine reward eligibility and track user compliance.

Revenue Sharing: A mechanism where a portion of the revenue generated by Qoodo is distributed to token holders or stakeholders, contributing to the overall value and utility of the QDO token.

Mobile Availability: Refers to the accessibility and availability of the Qoodo platform on mobile devices, allowing users to conveniently access and utilize its features through mobile applications.