A plain-language guide to the core crypto terms you might need to understand the project

Let's start with the foundation of all cryptocurrencies — blockchain technology. Think of it as a public ledger where records are arranged in a chain of blocks. It's stored simultaneously across thousands of computers, and the records it contains cannot be falsified. Blockchain underpins all cryptocurrencies and guarantees the transparency and security of every transaction: since no single party controls it and all records are visible to everyone, blockchain prevents anyone from altering entries after the fact.

A natural question arises: why can't someone simply change a record? In practice, it's virtually impossible — because in a blockchain, every block is linked to the one before it. That means changing a single entry would require changing every subsequent block, simultaneously, across thousands of computers.

Cryptocurrencies come in two forms: coins and tokens. The key distinction is that coins have their own blockchain, while tokens are issued on top of an existing one.

Our project is a token built on the TON blockchain (Telegram Open Network), originally developed by the team behind the Telegram messenger. TON's advantage is that it was designed from the ground up as a mass-market, user-friendly tool within the Telegram ecosystem — resulting in near-instant transactions, low fees, and infrastructure that's organically embedded in the messenger itself.

The agreement and enforcement mechanism behind every transaction is a smart contract — an automated algorithm built into the blockchain that monitors and executes the terms of a deal. Think of it as a digital contract that eliminates intermediaries (banks, notaries) and automates transactions, while guaranteeing transparency, security, and irreversibility. It ensures both parties fulfill their obligations and executes the terms automatically when the predefined conditions are met.

Real-world asset backing, or RWA (Real World Assets). These can be almost anything — there are projects backed by real estate, precious metals, or, in our case, farm produce.

Asset tokenization is the process by which a business converts an existing, real-world traditional asset into digital form using blockchain. This means the assets underlying an RWA token have value outside of any crypto exchange — they exist as an actual business or resource, and that's what gives the digital token its worth. This sets RWA projects apart from more conventional cryptocurrencies, where price is often driven purely by supply and demand dynamics.

A breakdown of the key terms you'll need when buying and working with tokens:

There are two types of crypto exchanges. A CEX (centralized exchange) works like a traditional platform — similar to a bank or broker: a middleman company holds your funds, verifies your identity, and oversees all transactions. For example, Binance, Bybit, and OKX are CEX exchanges.

A DEX (decentralized exchange) works differently: there is no middleman. Trades happen directly between users via smart contract. No one holds your funds, no documents are required, and no one can freeze your account.

$AUM is available exclusively on DEX — and that's a deliberate choice. A decentralized exchange aligns with the core principles of the project: transparency, no intermediaries, and direct control over your own assets.

To buy a token on a decentralized exchange, you need a crypto wallet — an application that stores your tokens and lets you transact with them. One important thing to understand: a wallet doesn't store tokens as files — it stores the access keys to your assets on the blockchain.

Two options work with $AUM:

Tonkeeper — a standalone mobile app and one of the most popular wallets in the TON ecosystem. Clean interface, support for all TON network tokens, and built-in access to DEX exchanges.

@wallet — a wallet built directly into Telegram. If you're already a Telegram user, this is the fastest way to get started: no separate app download needed, everything works within the familiar interface.

These aren't just random terms — they're four concepts that come up constantly in crypto and are worth understanding before you start:

Transaction — any action involving tokens — buying, selling, transferring — is a transaction. It is recorded on the blockchain and becomes public and irreversible. A transaction cannot be undone once confirmed, so always double-check the recipient address and amount before hitting the button.

Holder — a person who owns a token and prefers a long-term holding strategy over trading short-term price movements. In the context of $AUM, holders are project participants who believe in its long-term value and keep their tokens for price appreciation and participation in the rewards program.

Token lock — a voluntary lockup of your tokens for a set period of time. The tokens don't go anywhere — they remain yours — but you won't be able to sell or transfer them until the lock period ends. In $AUM, locking your tokens for 365 days qualifies you for the rewards program: a part of the farm's profit is distributed among those who have locked their tokens, demonstrating a long-term commitment to the project.

Slippage — one of the key things to know when buying on a DEX, and something beginners are often not warned about. Slippage is the acceptable price deviation between what you see on screen and what you actually pay when the trade executes.

This happens because prices on a DEX change constantly, driven by the ratio of tokens in the liquidity pool. By the time you confirm a transaction, the price may have shifted slightly — and slippage determines how much of a deviation you're willing to accept.

Set it too low and the transaction will fail because the price moved. Set it too high and you risk buying at a less favorable rate. For most tokens, 1–3% is sufficient, though low-liquidity pairs may require more. This parameter can usually be adjusted manually in the DEX interface before completing a purchase.

One of the most common questions from newcomers is: "Can I get my money back if I change my mind?" This is where liquidity comes in.

Liquidity is a measure of how quickly and easily an asset can be converted back into cash. Cash in your pocket is a highly liquid asset — you can spend it right now. An apartment is illiquid — selling it takes time. A token sits somewhere in between: it can be sold fairly quickly, but only if there are buyers in the market.

If there are few buyers, a token is considered illiquid, and selling it quickly at a fair price becomes more difficult. That's why it matters for any project that its token is actively traded with sufficient volume.

A separate case is when you deliberately lock your tokens for a fixed period — as with the $AUM rewards program. In that case, you're voluntarily making your tokens temporarily unavailable for sale. This is a conscious condition of participation in exchange for rewards — it's entirely optional and done at your own will.

There are a few simple things to check before buying a token — no deep analytical expertise required.

Trading volume is the total value of all trades involving the token over the past 24 hours. The higher the number, the more actively the token is being traded and the easier it is to buy or sell. You can check this on aggregators like Geckoterminal or DEX Screener — they pull data across most tokens in one place.

Spread is the difference between the buy price and the sell price. The tighter the spread, the better the liquidity. A wide spread means the market is "thin" — and each trade moves the price significantly.

Liquidity pool — on decentralized exchanges, where most TON-based tokens trade, liquidity isn't provided by live buyers but by dedicated token reserves contributed by participants. The larger the reserve, the more stable the price when buying and selling.

At this stage, $AUM's liquidity pool is relatively modest — which is normal for a young, early-stage project. That said, the token's structure is designed so that liquidity should grow organically over time. Here's why: 60.8% of all tokens are locked by the team until May 2026, meaning only around 39% of the total one-billion supply is in free circulation — approximately 390 million tokens.

On top of that, a portion of those are held by long-term participants who voluntarily lock their tokens to qualify for rewards. So the actual tradeable supply is even smaller. This may reduce liquidity in the short term — but it's precisely what makes the market more stable: fewer tokens in circulation means fewer chaotic sell-offs, fewer speculators, and less volatile price swings.

There's an additional factor: our token buyback mechanism. A part of the farm's profit after each harvest goes toward purchasing tokens from the open market, gradually reducing available supply. With stable or growing demand, this creates natural upward price pressure.