Glossary

Agent — an autonomous software process that reasons, plans, and executes multi-step tasks, funded with a TOKE budget.

Agent economy — the emerging class of economic activity where agents, not humans, are the transacting parties.

Budget — the TOKE an agent may spend, bounded by a spending policy.

Collateral — a provider's bond, forfeited on faulty execution or downtime.

Composability — Tokelio working across wallets, frameworks, and tooling rather than a single closed ecosystem.

Escrow — payment held until a verifiable result is delivered.

Idempotency key — a token that makes a settlement safe to retry without double-charging.

Inference settlement — payment for a completed AI task and delivered result.

Priority routing — paying for faster execution paths and premium workflows.

Reputation staking — bonding TOKE behind a track record so trust can accrue and be put at risk.

Settlement — paying TOKE for a completed unit of agent work and receiving a receipt.

Spending policy — the guardrails (per-task cap, daily cap, allow-list) that let an agent spend autonomously and safely.

Utility surface — the full set of interlocking functions TOKE serves across the agent economy.