Glossary

Core Concepts

  • Repo Token - A digital token representation of a GitHub repository that enables tracking of funding and community support. Each repo token is uniquely linked to its corresponding open-source project.

  • Namespace - The identification system for different repository sources. Repo.trade can extend beyond GitHub through namespaces that support GitLab, BitBucket, and other version control platforms.

  • Auction - The initial 14-day period during which community members can contribute USDC to acquire tokens for a newly launched repository. 35.7M tokens are distributed daily based on proportional contributions.

  • Swap - After the auction concludes, the repository token can be traded against USDC on Repo.trade using an automated market maker mechanism.

Technical Terms

  • AMM (Automated Market Maker) - The decentralized trading mechanism that allows repository tokens to be swapped without traditional order books. Repo.trade uses a constant product formula (x*y=k) for its AMM.

  • CPAMM (Constant Product Automated Market Maker) - The specific type of AMM used by Repo.trade, where the product of token supply and price remains constant, creating a predictable price curve.

  • Bonding Curve - The mathematical formula that determines token price based on supply, creating a relationship where the price increases as more tokens are purchased.

  • Tokenomics - The economic model governing repo tokens, including the distribution (50% to auction participants, 40% to owners, 10% reserved), utility, and fee structure that aligns incentives between developers and supporters.

Platform Features

  • Daily Distribution - During the auction period, 35.7M tokens are distributed each day based on proportional contributions, for a total of 500M tokens (50% of supply) over 14 days.

  • Fee Structure - A percentage of each transaction that is split equally (50/50) between the repository owner and the protocol for ongoing development.

  • Owner Verification - The process by which repository owners authenticate through GitHub to claim their share of tokens and fees.

  • Initial Liquidity Pool - The pool of USDC and tokens that enables trading after the auction phase, seeded by auction proceeds and 40% of token supply.

Ecosystem Participants

  • Repository Owner - The individual or organization that owns the GitHub repository and receives 40% of tokens plus 50% of all trading fees generated by their repository token.

  • Contributor - Users who provide USDC during the auction phase to acquire repository tokens.

  • Trader - Users who buy and sell repository tokens after the auction phase has completed.

  • Future Builders - Developers who may contribute to the repository in the future and can be rewarded from the 10% token reserve.