> For the complete documentation index, see [llms.txt](https://overtake.gitbook.io/whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://overtake.gitbook.io/whitepaper/usdtake-token-economy/glossary.md).

# Glossary

<table data-header-hidden><thead><tr><th valign="top"></th><th valign="top"></th></tr></thead><tbody><tr><td valign="top"><strong>Term</strong></td><td valign="top"><strong>Definition</strong></td></tr><tr><td valign="top"><strong>$TAKE</strong></td><td valign="top">The native governance and utility token of the TAKE ecosystem, enabling contributors to participate in governance decisions and access different utilities across contributor-built products and services</td></tr><tr><td valign="top"><strong>Activity Score (Aᵢ)</strong></td><td valign="top">A weighted metric that measures a contributor's verifiable participation and impact within a reward or utility pool during a given epoch</td></tr><tr><td valign="top"><strong>Ecosystem Liquidity Pool (ELP)</strong></td><td valign="top">A rule-based mechanism that programmatically allocates a portion of ecosystem generated fees to maintain liquidity, contributor reserves, and market stability. ELP operations are automated through smart contracts with parameters approved by core contributors. The Take Foundation does not execute or direct ELP activities</td></tr><tr><td valign="top"><strong>Epoch</strong></td><td valign="top">A fixed time window (e.g., weekly or monthly) used to calculate activity metrics and distribute token emissions based on verified participation</td></tr><tr><td valign="top"><strong>Fee Rate (F)</strong></td><td valign="top">The standardized percentage applied to completed transactions on contributor built platforms. Used to sustain operations, liquidity, or contributor funding pools</td></tr><tr><td valign="top"><strong>Ecosystem Reserve (θ₃)</strong></td><td valign="top">A portion of service fees allocated to community, engagement, and ecosystem development initiatives under contributor led programs</td></tr><tr><td valign="top"><strong>GMV (Gross Merchandise Value)</strong></td><td valign="top">The aggregate value of digital goods and services transacted within contributor built applications during a specific period. Serves as a primary measure of ecosystem throughput</td></tr><tr><td valign="top"><strong>Reward Pool Allocation</strong><br><strong>(α, β, γ)</strong></td><td valign="top">Ratios defining the division of total token emissions among Buyers (α), Sellers (β), and Evangelists/Developers (γ)</td></tr><tr><td valign="top"><strong>Sink Mechanism</strong></td><td valign="top">Any automated process that temporarily removes or locks $TAKE from circulation (e.g., staking, verification deposits, or rule-based ELP actions). No discretionary burns are performed by any party</td></tr><tr><td valign="top"><strong>Staking</strong></td><td valign="top">The act of locking $TAKE to gain access to governance participation, verification privileges, or contributor rewards. All staking rewards originate from emission schedules, not ecossytem fees or revenue. No guaranteed yield or passive income</td></tr><tr><td valign="top"><strong>T_total</strong></td><td valign="top">The total quantity of $TAKE tokens emitted in a given epoch for community rewards or contributor emissions</td></tr><tr><td valign="top"><strong>Governance Vote</strong></td><td valign="top">A contributor signaling process that expresses community preference. Votes are advisory unless implemented via approved governance procedures</td></tr></tbody></table>