# Glossary

> The words used across Kasseal.

| Term | Meaning |
| --- | --- |
| KAS | Kaspa’s native coin. 1 KAS = 100,000,000 sompi. |
| KCC-20 | Kaspa’s covenant-based fungible token standard. Every Kasseal token is the reference KCC-20 program. |
| KCC-23 | The token declaration standard: name, ticker, image and links, anchored to the token’s id. |
| Covenant | A Kaspa script that controls how a cell can be spent and what the next cell must look like. Kasseal’s curve and pool are covenants. |
| Covenant id | A token’s on-chain identity. Tickers can repeat; ids cannot. |
| Lineage | The chain of cells that share one covenant id. A token has one; its curve and its pool each have their own. |
| Cell / UTXO | An unspent output holding KAS, and for token cells an amount of tokens. |
| Block | The curve’s unit: 1,000 tokens. The curve price steps up once per block; the app shows token amounts. |
| Bonding curve | The covenant that sells the token at a price rising linearly with each block of tokens sold, and buys it back on the same curve. |
| Graduation | The moment the curve sells out and the pool is created. |
| KAS pair / pool | The TOKEN/KAS constant-product pool a token trades on after graduation. |
| Reserves | The KAS and tokens in a pool. Their ratio is the price. |
| LP shares | KCC-20 tokens representing a deposit in a pool that takes deposits (contract set v1). |
| Pool setup | The one-time transaction after a v1 graduation that creates the pool’s LP shares and opens it for deposits. |
| Contract set | A version of the curve and pool covenants. Every token on Kasseal runs contract set v1, whose pools take deposits once they are set up; a token keeps the set it launched with. |
| Sealed supply | A total supply fixed at launch that no one can increase. |
| Launch proof | The nine checks that show a token was launched by the rules. |
| Token lock | A contract that holds tokens and releases them to one beneficiary on a fixed schedule; nobody can release them early. |
| Beneficiary | The one address a token lock pays. Only it can extend the lock. |
| Slippage | How far the price may move against you; beyond it the trade is not made. |
| Price impact | How far the average price of your own trade is from the price before it, fee excluded, on the curve or on a pool. |
| Accepted / confirmed | Accepted: a block took the transaction. Confirmed: 10 confirmations later, shown only while Kasseal’s node is synced. |
| Attempt | One try of a trade. A click makes up to 5, each signed in your wallet; at most one can land. |
| Average entry | The average cost per token of what a wallet holds, from its own buys (curve fee included). The chart’s Avg entry line marks it. |
| P&L | Profit and loss: what you sold (realised) plus what you hold valued at the current price before selling (unrealised), by average cost. The same figure on the leaderboard, profiles, Portfolio and the share card. |
| Protected name | A name or ticker that reads as KAS, a stablecoin, BTC or ETH. Such a token carries a warning and is never featured. |
| Blue score | Kaspa’s count of blocks in the chain’s blue set; Kasseal uses it to measure time windows. |
| kascov | A Kaspa covenant explorer; transactions in the app link to it. |

Source: https://app.kasseal.com/docs/glossary