Crypto Terms and Definitions
ATH - All-Time High
BSC - Binance Smart Chain, the blockchain made by Binance.com
Blockchain - A blockchain is a growing list of records, called blocks, that are securely linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.
Centralized Exchange (CEX) - a type of cryptocurrency exchange that is operated by a company that owns it in a centralized manner.
Content Creator - someone who creates entertaining or educational material to be expressed through any medium or channel.
Crypto Token - a type of cryptocurrency that represents an asset or specific use and resides on their blockchain
Cryptocurrency Wallet - a secure digital wallet used to store, send, and receive digital currencies like Bitcoin, Ethereum, BNB or LOF.
Cronos - Crypto.com Blockchain
DCA - Dollar Cost Average. Buying at a lower price then you entered to bring your overall entry price down. Example - Buy 100 at $1.00 and 100 at $0.50 to bring your average price to $0.75.
Decentralized Exchange (DEX) - a type of cryptocurrency exchange which allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary.
Diamond Hands - Holding your assets in high volatility and not caving under pressure to sell.
FOMO - Fear of Missing Out
Gas - the fee, or pricing value, required to successfully conduct a transaction or execute a contract on the blockchain platforms.
Green Candles / Green Bars - Upward facing price action, represented by trading candles on a chart.
Honeypot - Token that only allows buys and sells are disabled. The chart looks great because it only goes up, then the scammer removes all the liquidity.
Liquidity - the amount of money an individual or corporation has on hand and the ability to quickly convert assets into cash.
LP - Liquidity Pool Token created by pairing two tokens together, allowing trading between the two. Example LOF/BNB is LOF paired with BNB to allow trading from one to the other.
Mainnet - an independent blockchain running its own network with its own technology and protocol. The Ethereum Network is also described as 'Mainnet' because it was the first blockchain that allowed building onto.
Market Cap - an indicator that measures and keeps track of the market value of a cryptocurrency.
Paper Hands - Opposite of Diamond Hands. Sells immediately under pressure. Highly emotional trader.
Red Candles / Red Bars - Downward facing price action, represented by trading candles on a chart.
Rugpull - Event in which the project or foreign actor removes all Liquidity from trading and exits, leaving token holders with valueless tokens.
SAFU - The word SAFU in crypto is Secure Asset Fund for Users, In other ways SAFU is a term used to denote ”Safe” in the crypto sphere.
Smart Contract - a self-executing contract, with the terms of the agreement between buyer and seller being directly written into lines of code.
Slippage - Slippage happens when traders have to settle for a different price than what they initially requested due to a price movement.
Staking - the process of locking up crypto holdings in order to obtain rewards or earn interest.
Tokenomics - Combination of the words Token and Economics that explain the basic economy surrounding the token.
Transaction Tax - Taxes Charged on the transaction in route to its destination, usually defined in the tokenomics for that token.
WAGMI - We're All Gonna Make It
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