# Glossary

| TON                               | Known as The Open Network or Telegram Open Network, is a blockchain platform.                                                                                                                                                                                                                                                                                                                                                                     |
| --------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Telegram Bot & Telegram Mini-apps | Bots are [applications](https://core.telegram.org/bots/webapps) that run entirely within the Telegram app. No need to download, just click to play.                                                                                                                                                                                                                                                                                               |
| Earn from tournaments             | This refers to a business model where developers earn revenue by holding tournaments.                                                                                                                                                                                                                                                                                                                                                             |
| IAA                               | The profit model of watching ads in games is called In-app Advertising.                                                                                                                                                                                                                                                                                                                                                                           |
| IAP                               | The profit model of in-game payment, also known as Pay to Win, is referred to as In-apps Purchase.                                                                                                                                                                                                                                                                                                                                                |
| Wallet                            | Beyond the simple transfer and collection of crypto assets, a digital wallet - also referred to as a Crypto Wallet - offers a range of valuable functions. Among them are the management of private keys, visualizing encrypted assets, verifying identities, interacting with smart contracts, and even enabling social networking.                                                                                                              |
| Wallet Address                    | When we generate a crypto wallet, we actually generate a private key through a series of algorithms, and use this private key to generate a public key and form a key pair. Think of the private key as your wallet's password, while the wallet address is the account that others use to send assets to you. While you can share your wallet address publicly, it's crucial to keep your private key confidential and not share it with anyone. |
| USDT                              | A cryptocurrency called Tether (USDT) is pegged to the US dollar. 1 USDT is equal to 1 US dollar.                                                                                                                                                                                                                                                                                                                                                 |
| Entry Fees in Tournaments         | On TG Games, you only need to pay fees when entering a tournament. This fee is used to buy an entry ticket which can be paid with points, fiat currency, or cryptocurrency.                                                                                                                                                                                                                                                                       |


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