📜Definitions

  • Decentralized: An adjective used to describe a system or organization in which control, decision-making, or authority is distributed across multiple nodes, participants, or entities rather than being concentrated in a single central entity.

  • OTC: OTC stands for "Over-the-Counter." In the context of Galaxy, OTC transactions involve the direct exchange of tokens between parties without going through the open market. These transactions occur through smart contracts that facilitate trustless exchanges between participants.

  • Pre Market: Pre Market is a term used to describe tokens that have yet to hit the open market, AKA tokens which have yet to launch. Users can trade Pre Market tokens using Galaxy.

  • Cross Settlements: Cross Settlements is a term used to describe the interoperabilic nature of Galaxy, allowing users to settle OTC offers on multiple chains.

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