Essential Terms

Definitions

• 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.