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Glossary

Auction Orders​

Auction orders are orders registered on the auction contract to bid on a fan token auction (FTA). The auction orders from multiple users will determine the clearing price of a fan token once the auction is cleared/finalized.

This is equivalent to bids in the context of auctions, but this term is more commonly used in subgraphs and contracts.

Bids​

Bids are equivalent to auction orders.

Bonding Curve​

A bonding curve is a mathematical curve that defines the relationship between the price of a token and the supply of the token. The bonding curve is used to determine the price of a fan token in the fan token auction (FTA).

To learn more about the bonding curve that is implemented in the Moxie protocol, click here.

Buy Orders​

Buy orders are orders registered on the Moxie Bonding Curve smart contract to purchase a fan token in exchange for a certain amount of the Moxie token deposited into the Vault contract based on the [price](../use-cases/fan-tokens/ 10-get-the-price-of-certain-fan-token.mdx) determined by the Moxie bonding curve.

Fan Token​

To learn more about fan tokens, click here.

Fan Token Auctions​

Fan token auctions (FTA) are auctions that are conducted to determine the clearing price of a fan token based on the bids from multiple users. The clearing price is determined by the Moxie bonding curve and the auction orders from multiple users.

Sell Orders​

Sell orders are orders registered on the Moxie Bonding Curve smart contract to sell a fan token in exchange for a certain amount of the Moxie token withdrawn from the Vault contract based on the [price](../use-cases/fan-tokens/ 10-get-the-price-of-certain-fan-token.mdx) determined by the Moxie bonding curve.

Subject Token​

Subject token is equivalent/synonymous to fan token. This term is more commonly used in subgraphs and contracts.

Portfolio​

Portfolio is defined as all the fan tokens that a user owns. To get a user's portfolio, follow this tutorial here.

Vault​

Vault is a smart contract that holds the Moxie token when fan tokens are purchased. On the other hand, if a fan token is sold, then the Moxie token will be withdrawn from the Vault contract.

To learn more about the Vault contract, click here.