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Difference between revisions of "Crypto & NFT Terminology"
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# Airdrop- When a coin/token gets dropped to a person's wallet for free | # Airdrop- When a coin/token gets dropped to a person's wallet for free | ||
# Ape in- The act of purchasing a NFT or a coin | # Ape in- The act of purchasing a NFT or a coin | ||
# Bearish- Expectation that a coin / NFT will go down in value | # Bearish- Expectation that a coin/NFT will go down in value | ||
# Blue Chip- Well known projects with not a lot of volatility | # Blue Chip- Well known projects with not a lot of volatility | ||
# Bridge- The process of transferring of tokens and/or arbitrary data from one chain to another for a fee. | # Bridge- The process of transferring of tokens and/or arbitrary data from one chain to another for a fee. | ||
# Bullish- Expectation that a coin / NFT will go up in value | # Bullish- Expectation that a coin/NFT will go up in value | ||
# CEX- Centralized Exchange | # CEX- Centralized Exchange | ||
# CT- Crypto Twitter | # CT- Crypto Twitter | ||
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# GMI- Gonna Make It | # GMI- Gonna Make It | ||
# GN- Good Night | # GN- Good Night | ||
# HODL- Holding a coin / NFT for long term gains through losses or highs. | # HODL- Holding a coin/NFT for long term gains through losses and/or highs. | ||
# ICO- Acronym for Initial Coin Offering. It is an unregulated funding method, where the development team for a new cryptocurrency sells digital assets to early adopters. | # ICO- Acronym for Initial Coin Offering. It is an unregulated funding method, where the development team for a new cryptocurrency sells digital assets to early adopters. | ||
# IDO- Initial Dex Offering. In IDOs, new NFTs or tokens are launched via a decentralized liquidity exchange as a fundraising method for upcoming crypto or NFT projects. | # IDO- Initial Dex Offering. In IDOs, new NFTs or tokens are launched via a decentralized liquidity exchange as a fundraising method for upcoming crypto or NFT projects. | ||
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# Rug Pull- refers to a scenario when a team behind a seemingly authentic NFT project abandons it and runs away with investors’ funds. | # Rug Pull- refers to a scenario when a team behind a seemingly authentic NFT project abandons it and runs away with investors’ funds. | ||
# Secondary Market- After an NFT is minted, it can be sold or purchased on the secondary market, such as LooksRare | # Secondary Market- After an NFT is minted, it can be sold or purchased on the secondary market, such as LooksRare | ||
# Seed phrase- The 12 | # Seed phrase- The 12 or 24 word phrase which is used to access crypto wallets | ||
# Ser- Sir | # Ser- Sir | ||
# Shill- The act of promoting coins/NFTs | # Shill- The act of promoting coins/NFTs | ||