# MintBox Concepts

* **MintBox**: the mechanism for the first public issuance of Tokenized Interest; users commit USDC, and Tokenized Interest is allocated to winning users by draw after the commitment period closes.
* **Sale Valuation**: the overall issue valuation of a card or Card Collection in MintBox (single card = Issue Price x Total Supply; collection = sum of the Sale Valuations of all cards).
* **Box**: your participation unit in MintBox. Every Box has the same total value, but different Boxes may contain different types and quantities of Tokenized Interest. Each Box's contents are disclosed before MintBox begins and can be queried by Box number. Which Box number you receive is determined by the Ticket draw.
* **Box Price**: the price of one Box, and the minimum amount needed to participate in the current MintBox.
* **Ticket**: the draw entry generated from your commitment amount. Each Ticket independently participates in the draw. One Ticket is generated for every full Box Price committed.
* **Draw Factor**: the number generated at each draw and used to match against Ticket numbers to determine winners. The generation rule is published before participation begins. It is usually formed from four digits of the Binance BTC/USDC spot price at a specific moment (the tens digit, ones digit, and first two decimal digits), and is public and recomputable.
* **Lucky Digit**: a winning boost earned by inviting friends. When a friend you invited successfully participates in the current MintBox and commits more than 100 USDC, one of your Tickets unlocks 1 Lucky Digit, increasing that Ticket's number of hits and therefore its winning odds.
* **Commit / Allocation / Claim**: respectively, "put USDC into participation," "the final allocation result," and "manually claim allocated Tokenized Interest and the USDC corresponding to any non-winning portion."
* **Target Raise / Total Raised / % of Target**: the target amount, raised amount, and completion percentage for the current MintBox. If the target is not met by the end, all committed USDC becomes available to claim, and users must claim it manually.
* **Max ATH**: the highest profit multiple reached after listing by a single-card Tokenized Interest relative to its Issue Price in the current MintBox; for multiple cards, this uses the card with the highest ATH.


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