# Essential Terms * **Creator:** any entity engaged online who creates work shared online either for free, with or without advertisements, or in exchange for a certain amount of any currency (cryptocurrency or FIAT). This can be via a one-time payment or through a recurring subscription fee. * **User:** any entity engaged online who consumes a Creator’s work online either for free, with or without advertisements, or in exchange of a certain amount of any currency (cryptocurrency or FIAT), with a one-time payment or through a recurring subscription fee. * **Advertiser:** any publisher, marketer, business, organization or charity that needs to promote itself and are willing to pay for it. * **Content/Creator Work:** any work shared by a Creator to their Community including texts, images, graphics, audios, videos. . . * **Governance and Utility Token:** FRK * **Social Media Platforms:** any platform such as Discord, Telegram, Facebook, Twitter, and Instagram where the User has friends, fans or followers and the advertiser pays to distribute their content. * **Community:** the people that a Creator knows, where the relationship is managed on any online channel/platform. It does not refer to any particular social platform. * **Creator Economy:** similar to the gig economy, a system where Creators are rewarded or are sharing content to their social network. * **Smart Contract:** business instructions that are programmed in the blockchain and executed along with a transaction to enforce the terms of a relationship. * **Qualified Interaction:** interaction made by a User with a Creator Work counted in the purpose of paying Users and Creators (ie watching a Youtube video). * **Standard Period :** period of reference to calculate Revenue Sharing with Creators. Originally set at 1 (one) week. * **Initial Price:** Price for the minting of one Fraktion during the first Standard Period. * **Current Price:** Recalculated price for the minting of one Fraktion the first Standard Period. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://whitepaper.frak.id/essential-terms.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.