# Glossary

STEM is a sports team statistics token exchange. The exchange presents team tokens, the price of which is formed on the basis of the team's sports statistics. The sports team token pricing mechanism is available in the Statistics [Token Pricing section](https://stemx.gitbook.io/stem-exchange-user-manual/pricing-and-emission).

Other terms and definitions:

**Statistics token** - a unit of currency associated with a specific sports team, the price of which is determined based on the sports statistics of the team (Atalanta team - ATL token, Manchester United team - MAU token, etc.).&#x20;

**Order** - an order to buy or sell tokens. Orders can be of 2 types: orders at the market price and limit orders with a limit on the value of the token.&#x20;

**Market order (“Market”)** - an order at the best price, in which the user does not independently specify the price, but is ready to buy/sell at the best available market offer.&#x20;

**Limit order** - an order indicating the limit price that the user agrees to. So, for example, in a limit order for the purchase of tokens, the limit price will be the one above which the user is not ready to make a purchase. In a limit order to sell a token, the limit will be the price below which the user is not ready to sell his tokens.&#x20;

**User currency account** - a user account in STEMX or SXUSD, which is used as the main wallet of the account, receiving or sending transactions to external wallets or exchanges. From foreign currency accounts, funds are distributed to trading accounts for working on the stock exchange.&#x20;

**User trading account** - a user account for trading tokens of a specific sports team. The trading account can be replenished only from the user's currency account. Money from this account is used to buy/sell team tokens. The user has one trading account in each currency for each token.&#x20;

**STEMX** is the token of the STEM exchange and ecosystem. The token is traded on open exchanges, works in the Waves, BSC (bep-20) networks. Inside the STEM exchange, you can use STEMX to buy sports team tokens.&#x20;

**SXUSD** is the internal currency of the exchange, which is the equivalent of the US dollar. Inside the STEM exchange, you can buy sports team tokens for SXUSD. Operates only within the exchange.
