518
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(Wrote Crypto & NFT Terminology) |
(alphabetically arranged the terms (this was a lot of work no 🧢)) |
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Some frequently used terms used on Crypto | Some frequently used terms used on Crypto & NFT Twitter and their meanings: | ||
# ATH- All Time High | # ATH- All Time High | ||
# ATL- All Time Low | # ATL- All Time Low | ||
# 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 | ||
# 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 | |||
# CEX- Centralized Exchange | |||
# CT- Crypto Twitter | # CT- Crypto Twitter | ||
# DAO- Decentralized Autonomous Organization | |||
# DApp- Decentralized Application | |||
# DEX- Decentralized Exchange | # DEX- Decentralized Exchange | ||
# | # DYOR- Do Your Own Research | ||
# DeFi- Decentralized Finance | # DeFi- Decentralized Finance | ||
# Degen- A person who purchases coins and/or NFTs without much/any prior research | |||
# Devs- Developers | # Devs- Developers | ||
# Diamond Hand- A person who does not sell their NFT or coin despite it losing value | |||
# Doxxed- When the identity of an anonymous developer, project founder or creator is revealed. | # Doxxed- When the identity of an anonymous developer, project founder or creator is revealed. | ||
# Dump- The act of selling a coin | |||
# FOMO- Fear Of Missing Out | |||
# FUD- Fear, Uncertainty and Doubt | |||
# Fiat- Government issued currency such as USD, Pounds and Euros | |||
# Flipping- refers to buying items at low prices and selling them quickly for a profit | |||
# Floor Price- The lowest entry price listed for a NFT project | |||
# Fren- Friend | |||
# GM- Good Morning | |||
# GMI- Gonna Make It | |||
# GN- Good Night | |||
# HODL- Holding a coin / NFT for long term gains through losses 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. | ||
# KYC- Know Your Customer. Process in which companies verify their users’ identities by requesting a series of personal information (e.g. passport/government-issued IDs) | # KYC- Know Your Customer. Process in which companies verify their users’ identities by requesting a series of personal information (e.g. passport/government-issued IDs) | ||
# L1- Refers to a base blockchain network and it's underlying structure. (eg. Ethereum, Bitcoin) | |||
# L1- | # L2- Layer 2s are scaling solutions that operate on top of an underlying blockchain protocol (e.g. Ethereum) to improve its scalability and efficiency. | ||
# L2- | |||
# MEV- Maximal Extractable Value (formerly Miner Extractable Value) | # MEV- Maximal Extractable Value (formerly Miner Extractable Value) | ||
# Minting- The process by which an NFT becomes part of the blockchain. Once an asset is put on the blockchain, it is “minted” as a token and cannot be altered. | |||
# Multisig- Multi-Signature Wallet, It is a wallet that requires more than one signature for a transaction for moving funds for additional security. | # Multisig- Multi-Signature Wallet, It is a wallet that requires more than one signature for a transaction for moving funds for additional security. | ||
# Pump and Dump- | # NFA- Not Financial Advice | ||
# NGMI- Not Gonna Make It | |||
# Paper Hand- A person who sells their NFT or coin too soon, or as soon as the value drops a little | |||
# Pump and Dump- When a person buys a whole lot of a coin and promotes it to drive it's price higher, then sells it for a very big profit, causing loss for other people. | |||
# Roadmap- A set of goals/achievements for a coin or NFT project which they work hard to reach | # Roadmap- A set of goals/achievements for a coin or NFT project which they work hard to reach | ||
# 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 | |||
# Seed phrase- The 12/24 word phrase which is used to access crypto wallets | # Seed phrase- The 12/24 word phrase which is used to access crypto wallets | ||
# Ser- Sir | |||
# Shill- The act of promoting coins/NFTs | |||
# To The Moon- When a cryptocurrency/coin will go up in value, to the moon is metaphorically speaking | |||
# Tokenomics- A word coined by combining “token” and “economics”. Tokenomics include statistics, quality and data of a token that may interest investors. | # Tokenomics- A word coined by combining “token” and “economics”. Tokenomics include statistics, quality and data of a token that may interest investors. | ||
# VC- Venture Capital | |||
# WAGMI- We Are Gonna Make It | |||
# WL- Whitelist | |||
# Web3- An idea/vision for a new iteration of the web based on a decentralized online ecosystem powered by blockchain technology | # Web3- An idea/vision for a new iteration of the web based on a decentralized online ecosystem powered by blockchain technology | ||
# | # Whale- A person who has a lot of holdings in a NFT or coin. |
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