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Ships, Captains, and Sailors
There are 3 primary actors in the Sail ecosystem: the Ship, Captain, and Sailors.
When a Ship is launched, corresponding ERC20 $SHIP Tokens are minted that represent the Ship's governance token. $SHIP Tokenholders manage the group of contracts that facilitates the crowdfund of ETH, distribution of ownership, purchase/sale of NFTs, and distribution of profits. (As of 2023.08.01, new Ships deploy ERC721 NFTs as Membership Tokens instead of ERC20 Tokens. See Boarding Pass NFT section).
Collectively, all members of a Ship are referred to as the Crew.