> ## Documentation Index
> Fetch the complete documentation index at: https://exitlabs.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Glossary

> The words used in Exit Labs, in one place.

# Glossary

| Term               | Meaning                                                                                                                                   |
| ------------------ | ----------------------------------------------------------------------------------------------------------------------------------------- |
| **Founder**        | An NFT from the Exit Founders collection. 3,697 exist.                                                                                    |
| **Office**         | A Founder that has been activated. It earns revenue and XP.                                                                               |
| **Activation**     | Buying a level for a Founder on Anvil and syncing it into Exit Labs.                                                                      |
| **Level**          | 1 to 5, bought on Anvil. Sets the Office's weight, from 1.00× to 3.33×.                                                                   |
| **Sync**           | The button in Exit Labs that reads your Anvil level and opens or updates your Office.                                                     |
| **Tier**           | Garage Office to Exit Tower. Sets the Office's base revenue per day. Raised with XP.                                                      |
| **XP**             | Earned at 1 per second after the cliff. Moves an Office up the tiers.                                                                     |
| **Cliff**          | 14 days after activation and after each full cash-out, during which no XP is earned.                                                      |
| **Revenue**        | `$EXIT` an Office earns every second.                                                                                                     |
| **Cash out**       | Taking your revenue, minus the down-round tax.                                                                                            |
| **Down-round tax** | The cash-out tax. Starts at 90% and falls to your rank's floor over 21 days.                                                              |
| **Reputation**     | A score that sets your rank. It only goes up.                                                                                             |
| **Rank**           | Seed Founder to Exited. Sets your lowest possible cash-out tax, from 30% to 10%.                                                          |
| **Growth Hack**    | A one-use item bought with `$EXIT` that raises an Office's revenue or shortens its cliff.                                                 |
| **xEXIT**          | Your share of the game's liquidity. Locked against an Office for a boost and a share of fees.                                             |
| **Boost**          | Up to 2.5× more revenue from xEXIT locked against an Office.                                                                              |
| **IPO Pool**       | The pool of `$EXIT` that pays Office revenue. Refilled by the swap fee and by half of every Growth Hack purchase. Starts empty at launch. |
| **The Keep**       | Where the cash-out tax goes.                                                                                                              |
| **Treasury**       | The project's wallet that receives 50% of the swap fee.                                                                                   |
| **Anvil**          | The NFT market (`anvil.clutch.market`) where levels are bought and Founders trade.                                                        |
| **Swap fee**       | 10% of every swap in the game's pool.                                                                                                     |