Cutting bit questions

Just got the X carve put together and mounted on a dedicated table I can move about the shop. Getting ready to learn how to use the machine. Got a lot of bits when I ordered the unit but there is no description as to what each is or how to recognize them. They all have a colored collar on them is this the identifier? If so need the key to know what each color is. Any help out there?

https://www.inventables.com/categories/carving-bits

Thanks

Each bit should have super small font on the plastic ring telling you the size, type, and cut (e.g. 1/16 DC (down cut) Fishtail)