# Definitions

**Affiliates**: is a natural person, agent, group or organization that is affiliated with kaieco.net whether directly or indirectly.

**Blockchain**: is *a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.* The blockchain is a decentralized & distributed public network at the very heart of our ecosystem.&#x20;

**CEX**: is a centralized crypto exchange owned and operated by a private company. A Centralized Exchange stores assets, regulates their own exchanges, and charge exchange fees. In CEX, the exchange process happens via order book.

**DEX**: is a decentralized exchange (DEX) and is a type of crypto exchange which allows for direct peer-to-peer crypto transactions to take place online securely & without the need for an intermediary..

**Digital Asset**: A digital assets is issued through computer protocols and not backed by an entity or Central Bank. For the purposes of these Terms and Conditions, the following digital assets shall be considered digital assets: $kaiECO, $kaiDHT, $BNB, $WBNB, $BUSD, $ETH, & $WETH.\
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**Holder**: is a natural person who owns kaiECO or kaiDHT tokens.

**KAIECO**: refers to KaiECO.net, Kai ecosystems.

**$KaiECO** refers to the KaiECO Token - the smart contract running on the Binance Smart Chain (BSC); or Ethereum network (ETH).

**$KaiDHT**: refers to Kai Dog House Token - the smart contract running on the Binance Smart Chain (BSC); or Ethereum network (ETH).\
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**Partner/s**: is a natural person, agent, group or organization that is an official business partner of kaieco.net. They can include, contractors, freelancers, corporate relations, suppliers, local authorities entities we work closely with or have entered into a formal relationship.

**The Platform:** refers to KAIECO, KaiECO.net, Kai ecosystems.

**User:** is a natural person who accesses the platform and owns kaiECO or kaiDHT tokens.
