Glossary

Every term on the site, in plain language.

Every term the site uses, in plain language. The mechanism words are the same definitions that appear in the dotted-underline popovers throughout the app.

Mechanism

permissionless

Anyone can create a raise here for 0.5 SOL, and nobody reviews or approves them. What protects you is the mechanism — escrow, claimable refunds and market governance — not a gatekeeper. More →

escrow

Escrow means the money sits in a program neither the team nor Backable can touch. If the raise misses its goal, your money stays yours and you can claim it back whenever you want. More →

claimable refund

If a raise closes below its goal, every backer can claim their money back in full. You have to send the claim yourself — nobody can approve, delay or refuse it. More →

committed vs raised

Committed is what backers put into escrow. Raised is what the project actually receives — when demand exceeds the goal, the excess stays yours to claim back. More →

allocation

Everyone pays the same price per token. When a raise is oversubscribed, your share is weighted by how long your money stayed committed, and you claim back whatever wasn't converted. More →

treasury

A shared account owned by the project itself rather than by the founders. The team can only draw its published monthly budget from it; anything larger goes to a proposal. More →

monthly budget

After a raise funds, the team can withdraw a fixed amount each month and nothing more. The limit is enforced by the program itself, not by a promise. More →

governance proposal

Any spend beyond the monthly budget has to be proposed publicly and approved before it can happen. Approval is decided by markets rather than a vote. More →

decision markets

Instead of voting, people trade on whether a proposal would make the token more or less valuable. The trade that wins decides the outcome — don't vote, trade. More →

3-month average

Unlocks are measured against a time-weighted average price rather than a single moment. A brief price spike cannot trigger an unlock, which makes manipulation impractical. More →

FDV

Fully diluted valuation is the token price multiplied by every token that will ever exist. It is the number that tells you what the whole project is being valued at, not just the part being sold. More →

fixed supply

The total number of tokens that will ever exist is fixed at launch. Creating more requires a proposal that markets have to approve, so your ownership cannot be quietly diluted. More →

price-based unlock

The team's tokens do not unlock on a calendar. They unlock in steps only when the price holds at multiples of the price backers paid, so the team gets paid after backers do. More →

liquidity

Part of the raise is paired with tokens in a pool so the token can actually be traded from day one. Without it there would be a token but no market. More →

concentration

Concentration is how much of the committed money comes from a single wallet. A concentrated raise is not automatically bad, but it changes who effectively controls the outcome. More →

legal entity

A real company holds the project's intellectual property, domain and accounts, and it answers to the DAO. Without one, there is nothing off-chain to hold accountable. More →

B1 transparency filing

A standard disclosure covering prior token sales, market-maker deals, insider allocations and known risks. Filing one is optional, so its presence is itself a signal. More →

Platform

raise

A single fundraise on Backable: a goal, a window, a published budget, and a token. Older links may call these launches.

backer

Anyone who commits money to a raise. Backers hold tokens if the raise funds, and can claim their money back in full if it doesn't.

window

How long a raise accepts commitments — typically 24 hours to 7 days, chosen by the founder before launch.

settlement

The moment a raise closes and the program works out who gets what: treasury, liquidity, token allocations, and whatever each backer can claim back.

runway

How many months the treasury covers at the published monthly budget. Computed against 80% of the goal, since 20% seeds liquidity. More →

demand multiple

Committed divided by goal. A demand multiple of 4× means most of each commitment stays with its backer to claim back. More →

DAO

The project's governing body. On Backable it owns the treasury and the legal entity, and it decides through markets rather than votes.