Presale — selling a project's tokens before the public launch (TGE) at a discounted price, typically to early supporters or whitelisted wallets, often with vesting attached.
For buyers it is the highest-risk entry: the product may never ship, and presale allocations dumped at TGE are a classic exit-liquidity pattern. DYOR applies double.
The unique identifier of an account or contract on a blockchain.
Abstract Datagram Network Layer — TON's low-level peer-to-peer protocol.
Automated Market Maker — algorithmic pricing through a liquidity pool.
A sustained period of falling prices, usually 20%+ off the peak, with pessimistic sentiment.
A group of transactions finalized by validators and chained to the previous block.
Bag of Cells — the binary serialization format for structured data and smart contracts in TON.
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