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Key Terms

Understanding these core terms is essential for using the Energy Substantiation platform.

Users

A user is an identity within the platform. Users log in and have access to one or more organizations and accounts.

  • Each person has their own user account
  • Users can manage multiple accounts
  • Multiple users can manage the same account

Organizations

An organization is a container for accounts. Every account belongs to one organization.

  • Organizations group related accounts together
  • May represent a manager, company or other entity

Accounts

An account is the entity that participates in auctions. Accounts can be:

  • Accounts hold balances (USD and tokens)
  • Orders are placed on behalf of accounts
  • Each account has its own assets and limits

Assets

Assets are the financial instruments on the platform:

Asset Type Examples
Currency USD
Tokens WTIC (West Texas Intermediate Oil Coin)

Tokens

A token represents exposure to a physical commodity:

  • 1:1 backed by physical commodities
  • Value tracks the spot price
  • Zero carry cost
  • Tradeable 24/7 on blockchain

Orders

An order is how you participate in auctions:

Order Type Purpose
Offer Supplier commits to provide tokens
Mint Investor requests to purchase tokens
Burn Holder requests to redeem tokens
Buy-Back Supplier retires obligations

Fills

A fill is the record of an executed trade where orders are matched.

  • Created when orders match in an auction
  • Contains all transaction details
  • Used to track positions and obligations

Auctions

The daily auction is where orders are matched:

  • Runs once per market day
  • Determines the clearing price
  • Creates fill records for matched orders

Fees

Fees are charged for mint and burn operations.

See token pages for specific fee schedules.

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