CRYPTO TERMINOLOGY
Government issued currencies i.e.Ksh, Rand Naira, Dollar Eur pound yen etc.
Cryptocurrency technology that keeps the system secure and decentralized.
(Decentralized Finance) is an ecosystem that operates independently, free from third parties or exchanges.
(Centralized Finance) has always been the standard for crypto trading before DEFI. CEFI involves the use of companies operating exchange platforms like Binance, FTX, etc.
A white Book is a document that describes what a cryptocurrency is created for and how it will achieve it.
It is a combination of token and economy. It helps to understand the characteristics of supply and demand of a cryptocurrency
Means “Initial Coin Offering”, that is, a new cryptocurrency gives coins at a reduced rate usually to finance the project.
Stands for “Initial DEX Offer” refers to the launch of a cryptocurrency on a decentralized exchange (DEX) usually at a price lower than the listing price in order to raise funds.
There is a difference between coins and tokens. A coin is an asset native to its own blockchain. For example Bitcoin, Ethereum, Solana
Tokens are created on existing blockchains. That is, every cryptocurrency created under BSC, SOL, ETH or any other blockchain is not a coin but a token. For example $cake (Bsc), $corde (Sol), $UNI (Eth). Les jetons sont l’épine dorsale de DEFI et existent pour être utilisés avec DEX.
The total market value of a cryptocurrency. Calculated by (current price x circulating supply = Mcap)
A cryptocurrency tied to the value of the US dollar to make it more stable and less volatile. For example USDt, Busd
It’s kind of like a scam where people who own a large share of a coin encourage others to buy to artificially raise the price. Once the price peaks, they sell everything they own and the price drops drastically.
This term refers to someone who is left with a cryptocurrency after a pump and dump. For example, anyone who holds shitcoins after they drop
Transaction validation fees.
Slang for “shipwrecked”. It implies that the user has lost a lot of money on the cryptocurrency.
A belief that the price of a cryptocurrency will increase exponentially.
A drunken misspelling of the word “hold” which is now slang people use when they say they are going to wait and hold a cryptocurrency.
(Non-fungible tokens) NFTs allow people to buy and sell collectibles like art, music, and collectible cards using smart contracts. NFTs can work like any other speculative asset, where you buy it and hope that its value someday increases, so that you can sell it for a profit.
(Do Your Own Research) often aims to reduce the number of uninformed investors in cryptocurrency. This encourages them to research and understand a cryptocurrency before investing.
(Not a Financial Advise) The term is also often used as a warning when traders and cryptocurrency enthusiasts post posts or share their market analysis on social media platforms. The market cannot be 100% predictable and even a “correct” analysis can fail, so it is important that users exercise discretion when investing.
A crypto whale is a wealthy individual or business who can move large amounts of cryptocurrency at one time. This can have a big impact on the market.
(Fear, uncertainty and doubt) Events and news that create a negative effect on the market
The bullish movement of a market
The downward movement of a market
Higher than ever
Lower than ever
locking down your cryptocurrency to help secure the network and validate transactions
most of the time identical to staking
A pool of funds for a certain crypto purpose
A person providing liquidity to a pool.
This is an address that indicates the location of a particular token or coin in an exchange.
Buy the fucking dip
Technical analysis
Fundamental analysis
Proof of participation
Proof of work
On sale
A wallet prone to sell at the first sign of a price drop
Proof of history
Proof of participation authority