Glossary

here, you'll find a comprehensive glossary of terms and concepts frequently used throughout the palm collective ecosystem activation activation in the palm collective is like a community's decision day it's when the members of the palm collective or community come together to vote on important proposals, allocate funds for projects, or make other significant decisions that shape the direction and policies of their community it's a pivotal moment when everyone's voice counts, helping the community grow and thrive active community an active community in palm is similar to a lively town square these are groups of people who have received support and resources from the main palm collective to sustain their projects it's a bit like providing a local art studio with the materials they need to create beautiful art in return, these communities commit to keeping their members engaged this could involve organizing discussions, allocating grants, or hosting events at least once a year it's all about maintaining the vibrancy and productivity of the palm ecosystem binary vote imagine it as a simple yes or no decision you're asked a question, and you can only choose between two options "yes" if you agree, or "no" if you don't it's a straightforward way to express your opinion on a single, clear cut issue contribution matrix think of the contribution matrix as a big chart that helps distribute rewards fairly in this chart, every community's hard work is given a score, and based on that score, they receive their fair share of rewards it's like a scoreboard in a game where everyone's points decide how much they get in the palm ecosystem, this matrix ensures that those who put in the most effort are recognized and rewarded for their contributions communities requesting funds from the collective also use this matrix to determine how much support they receive based on their contributions dapp (decentralized application) imagine an app (like the ones on your phone) but instead of being controlled by a single company, it's powered by a community these apps work on blockchains, which are like digital ledgers the special thing is, no single person runs the show, and they're usually open to everyone this way, they're transparent and don't rely on any central authority dispute a dispute in the palm collective toolkit is like a polite disagreement it happens when community members don't agree on something and need a way to work it out imagine if people are playing a game, and there's a question about the rules they might have a dispute about how to play in the toolkit, a dispute is a way to handle these disagreements it's a bit like having a referee or judge to decide the rules, so everyone can keep playing fairly and happily it's a fair and organized way to resolve issues discussion a discussion is like an online chat or meeting where community members come together to talk about important topics it's where they share ideas, ask questions, and work together to make decisions it's a bit like a digital version of a town hall meeting or a brainstorming session where everyone's voice can be heard discussions help the community communicate and collaborate effectively governance governance is like the rulebook for a big club where people make decisions together in this case, it's a set of rules and processes that help everyone in a community agree on important things think of it as a way to decide what's best for the group, whether it's about sharing money, making rules, or choosing leaders so, in the palm collective, governance is how people work together to manage everything fairly and make sure everyone's voice is heard grant a grant is like a financial boost given to individuals or teams to support their projects, initiatives, or contributions to the palm collective community it's a way for the community to invest in ideas that can help the network grow and prosper grants can be awarded during specific seasons or awarded through voting or other community driven processes to projects that align with the collective's goals and values grant season in the palm collective, a "grant season" is a treasury event when the community allocates resources (like tokens or funds) to support creative or meaningful projects it's a bit like a contest or an opportunity for people to propose their ideas and get financial backing during a grant season, you can submit your project proposals, and if the community likes your idea, they might provide the resources you need to bring it to life it's a fantastic way to fund exciting initiatives and make a positive impact within the collective innactive community an innactive community is like a neighborhood park temporarily closed for maintenance these are groups that have previously received support from the main palm collective but, for various reasons, haven't been actively engaging their members think of it as a pause button for a community's activities this could be due to a lack of recent votes or grant distributions or other factors in these situations, the distribution of funds may also be put on hold while the community addresses its internal needs or reorganizes the goal is to help these communities get back to their vibrant activities and ensure that resources are used effectively within the palm ecosystem palm id a palm id is like your digital passport in the palm collective it's a unique identifier that represents you and allows you to interact with the palm collective toolkit and features think of it as your online identity with a palm id, you can access your profile, engage in discussions, create and vote on proposals, and more it's your key to being part of the palm collective palm attestation is a system used within the palm collective to validate and confirm specific information about an individual or entity trusted members or parties provide digital verifications, known as "attestations," which enhance the credibility and authenticity of the information these attestations help build trust and reputation within the palm collective, contributing to create a more trustworthy environment palm community a palm community is like a smaller group or club within the palm collective it's a place where people with similar interests or goals come together to work on specific projects or activities think of it as a branch of the bigger community in these communities, you can do things together, make decisions, and create your own rules each palm community is unique, focusing on its own special interests and ideas, but they're all connected to the main palm collective it's like a friendly neighborhood within the big city of the palm ecosystem palm collective the palm collective is like the big headquarters or main hub of the whole community this is where the big decisions are made, like setting the rules and deciding what new features to add the palm collective makes the rules and helps everyone work together smoothly think of it as the heart of the community, where all the important decisions are made and everyone's ideas can come to life palm collective toolkit the palm collective toolkit is like a swiss army knife for online communities it's the whole set of tools and features that lets people create, manage, and grow their online groups, like fan clubs or hobby communities you can create and vote on ideas, manage who's in the club, fund projects, and more it's like having a toolbox for building and running your own little corner of the internet proofs palm collective is introducing palm proofs often referred to simply as "proofs," are digital tokens representing valuable contributions within the palm collective they act as digital badges or tokens that recognize and reward individuals for their meaningful participation, such as creating content, supporting projects, or engaging in governance decisions proofs can carry various privileges or voting power within the community, reflecting the contributor's impact permissioned community a permissioned community is like a private club on the internet you need an invitation or special permission to join these communities are often more exclusive, and not just anyone can become a member in the palm collective, permissioned communities have specific rules about who can participate, and they might need you to prove something about yourself before you can join it's like an online vip club permissionless community a permissionless community is like an open park that anyone can visit in the palm collective, permissionless communities are open to anyone who wants to participate you don't need an invitation or special permission it's a bit like a public square where everyone can gather and join the conversation these communities are all about inclusivity and openness it's an online space where anyone can be part of the action primary wallet a primary wallet is like your digital keychain it's a special wallet associated with your palmid that holds your valuable digital assets, like proofs and other digital collectibles this wallet is the one you use to sign off on important transactions on the blockchain, giving you control over your palmid's activities it's your main hub for all things valuable in the digital realm proposal a proposal is like a formal idea that someone suggests it's like saying, "hey, let's do this!" in the palm collective, proposals can be about all kinds of stuff, like how to use money or make decisions other people in the community then discuss, vote, and decide if they like the idea if most people say yes, the proposal becomes a plan, and the community goes ahead with it if most people say no, the idea doesn't happen so, proposals are like suggestions for the group to talk about and decide on together quadratic voting think of it like this it's a voting system where you're given a limited number of votes, and you can choose to distribute them however you like but, here's the twist the more votes you use for one option, the more they cost you so, it encourages you to really think about what's important to you it's a way to make sure the most crucial stuff gets the most attention in a fair and balanced way quorum vote this is like making sure enough people are in the room before you make a decision in a quorum vote, a minimum number of participants must be present for the vote to count it ensures that important decisions aren't made when only a few people are involved, making the process more fair and representative if there aren't enough people present, the decision gets postponed until more folks show up roles the palm collective toolkit allows for granting members of the collective or community responsibilities, permissions, and levels of control within the collective or community respectively currently, we have the following roles member refers to an individual who is part of the palm collective or a specific palm community it's like being a part of a club or group members typically have certain rights and responsibilities within the community, such as vote help decide on important stuff, like where community funds should go or which projects should get support create proposals share your ideas with the community and get feedback or funding participate in discussions chat with other members about the community's future claim palm proofs collect tokens that show your contributions to the community apply for grants ask for financial support for your own projects participating in votes contributing to forums and discussions admin an "admin," short for "administrator," is someone with special responsibilities and powers within an online community, like the palm collective admins make sure everything runs smoothly they can manage the rules, the members, and the overall organization of the community think of them as the leaders or caretakers who keep things in order and help everyone have a good experience in the community and has been given specific permissions within the palm collective or the palm community including all member role permissions permission to manage proposals, grants & forums permission to manage conflict resolution & dispute management manage treasury, overseeing the allocation and utilization of funds, and adjusting governance strategy parameters to align with the evolving needs of the community ability to initiate and approve governance upgrades, driving the continuous improvement and evolution of the palm collective ecosystem super admin a "super admin," also known as a "super administrator," is like the ultimate leader in an online community, such as the palm collective they have the highest level of control and power super admins can do things like appoint other admins, change important settings, and even make big decisions for the community they're like the community's superheroes, responsible for keeping everything in order and ensuring the community's success and has been given specific permissions within the palm collective or the palm community including all admin role permissions permission to configure the communitysubdao, including governance parameters and access control mechanisms permission to appoint and remove admins, ensuring a balanced distribution of authority within the ecosystem permission to activate emergency protocols if necessary, taking responsibility for the overall governance and operation of the communitysubdao permission to create new treasuries for the communitiessubdaos, enabling flexibility in financial management and supporting the establishment of unique financial structures within the palm collectivedao ecosystem secondary wallet a secondary wallet is like your backup keychain each palmid can be linked to a main wallet and several secondary wallets these wallets can help manage and secure your digital assets, including proofs and other digital collectibles however, they don't have the same level of control as your main wallet only your main wallet can add or remove secondary wallets it's a way to keep your digital treasures safe and organized treasury treasury in the palm collective toolkit is like a digital wallet for important stuff imagine you have a special wallet that can hold different kinds of tokens, like digital collector's items or even special coins unique to your group it keeps everything organized and makes sure only the right people can use or move these items it's like a safe place for all your digital goodies, with strong rules to keep them secure plus, it keeps a record of everything so you always know where your stuff came from and where it's going it's all about transparency and safety for your digital treasures verifiable credentials palm prints is a digital system that functions like a collection of secure online badges these badges verify specific information about you, such as your identity or accomplishments they are issued by trusted sources and come with proof that these sources are indeed trustworthy think of them as digital equivalents to the certificates, licenses, and ids you might keep in your physical wallet however, verifiable credentials or palm prints makes sharing this information online more secure and versatile verifier a "verifier" is a feature within the palm collective it helps confirm someone's online identity by checking their online profiles, such as twitter or email, to ensure they are who they claim to be this verification process contributes to the trustworthiness and integrity of the palm collective, acting like a digital fingerprint to establish and confirm the real identity of users within the ecosystem vote a vote in the palm ecosystem is like raising your hand to express your opinion it's a way for community members to decide on important matters, like which projects to support or changes to the rules each member's vote holds a certain weight, and the outcome depends on the collective decisions of the community it's democracy in action within the digital world