Appendix

Glossary

Betswave
A decentralized sports betting and gaming platform built on Hedera.

Hedera / HTS (Hedera Token Service)
Hedera is the underlying network. HTS refers to Hedera’s native token framework used to issue and manage tokens.

USDC
A stablecoin used on Betswave for placing and settling bets to support stable, predictable payouts.

WAVE
A Hedera (HTS) token with a fixed max supply of 1,000,000,000. WAVE is not used for betting; it is used for governance, rewards, and platform benefits.

ORCA NFT
A premium, non-transferable (soulbound) ERC-721 membership token with an annual subscription model, tiered benefits, and on-chain expiration.

Non-custodial
A model where users retain control of their funds rather than depositing them into a centralized platform wallet.

P2P (Peer-to-peer) betting
A betting model where users bet directly against other users instead of betting against the platform as the counterparty.

On-chain settlement
Settlement logic and fee enforcement are executed through smart contracts and are verifiable on the blockchain.

DAO (Decentralized Autonomous Organization)
A governance framework where decisions are proposed and voted on by eligible participants (in this case, staked WAVE holders).

Multi-signature (Multi-sig)
A wallet/control mechanism requiring multiple approvals to execute sensitive actions, used for safety-first operations in early stages.

Staking / Locking
Committing tokens for a period to access governance participation and other benefits. Longer lock periods can increase voting power.

TGE (Token Generation Event)
The event when tokens are initially issued and made available per the defined distribution plan.

IDO (Initial DEX Offering)
A public sale mechanism typically conducted through a decentralized exchange environment for fair access and price discovery.

Vesting
A scheduled release of tokens over time to reduce sudden circulating supply increases.

Cliff
An initial period during which no vested tokens are released, followed by a vesting schedule.

Liquidity Pool
Tokens allocated to support market liquidity, reduce slippage, and enable smoother trading and price discovery.

Slippage
The difference between expected trade price and executed trade price, often influenced by liquidity depth.

Buyback / Burn (optional mechanisms)
Governance-controllable mechanisms that may be activated to purchase tokens from the market (buyback) and/or remove tokens from circulation (burn), subject to predefined rules and decisions.

Definitions (for clarity)

• “Member” refers to a wallet holding an active (non-expired) ORCA NFT.
• “Non-member” refers to a wallet that does not hold an active ORCA NFT.
• “Voting power” refers to governance weight derived from staked WAVE and lock duration, subject to per-wallet caps.