Staking (Acki Nacki)
Process of locking NACKL to participate in network roles. There is no fixed staking interest rate; rewards derive from network participation.
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Archives: Glossary
Archives: Glossary
Accepted Currencies (System Pool)
Currencies chosen by Block Keepers to exchange for freshly minted SHELL in the System Pool.
Burn to Redeem (NACKL)
Mechanism letting NACKL holders destroy tokens in exchange for their proportional share of the Accumulator’s assets.
NACKL Intrinsic Value (Floor)
Computed as Accumulator contents divided by NACKL supply. Increases as revenues accrue and supply decreases.
Accumulator Contract
Contract that locks all payments collected from SHELL sales. NACKL holders can burn tokens to redeem a proportional share of its contents.
SHELL Minting Rate
Rate set by Block Keepers per currency pair in the System Pool, acting as a collective signal for current conversion price.
System Pool (SHELL)
On‑chain pool where SHELL is minted and sold for currencies chosen by Block Keepers; also the venue for selling unused SHELL back.
SHELL “Equal or Less” Pricing
Mechanism where SHELL can be bought at the System Pool price set by Block Keepers, or sold back for equal or less, anchoring price to real‑world costs.
SHELL (Computation Token)
Usage token for paying compute and storage. Sold from a System Pool for accepted currencies; unlimited supply with revenues sent to the Accumulator.
NACKL (Security & Value Token)
Native staking and value‑accrual coin. Grants a pro‑rata claim on SHELL revenues via the Accumulator; supply decreases over time.
Block Keepers (group)
Collective term for Block Producers, Block Keepers (role), and Acki‑Nacki Verifiers when not addressed separately.
