A quick reference for crypto and Web3 terms you may encounter on Phenom Poker.
- Blockchain — a digital ledger that records transactions transparently
- Base — Ethereum Layer 2 network where PHNM lives
- Polygon — blockchain used for Phenom Poker deposits and withdrawals
- USDT — a dollar-pegged stablecoin (1 USDT ≈ $1)
- USDC — another dollar stablecoin (used for staking payouts)
- PHNM — Phenom Poker's native token
- Staking — locking tokens to earn rewards
- DEX — decentralized exchange (e.g., Aerodrome)
- DAO — community-owned organization on the blockchain
- Wallet — digital storage for crypto assets
- Gas fee — cost of processing a blockchain transaction
- OTP — one-time password used for login
- Passkey — biometric login (fingerprint/face ID)
- KYC — Know Your Customer identity verification
- Rakeback — percentage of rake returned to players
- Smart contract — self-executing blockchain program