420 Launchpad concepts¶
- Project — a registered launch subject with a controller, sale asset, metadata commitment and issuance commitment.
- Sale — the bounded sale configuration associated with a project.
- Allocation — protocol-recorded entitlement or allocation state for a participant.
- Controller — the address authorized for project-scoped actions allowed by policy; it is not universal protocol authority.
- Metadata commitment — a hash commitment to project information; it does not make the information truthful.
- Issuance commitment — a commitment to the intended asset/issuance configuration; users must still verify the resulting asset and transaction.