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filler@godaddy.com
Here is a list of terms that are used daily in Web3 communities:
(If any of these definitions are wrong please let us know)
Information that puts you ahead of the game
Buying a NFT or coin without doing too much due diligence
A string of characters that represents a wallet that can send and receive tokens
(All-Time High) The highest price a token has ever been traded
To distribute tokens to an audience via wallets
Feeling confident about the future of a project
Explore all transactions on the blockchain (www.bscan.com or www.etherscan.io)
Digital information stored in "blocks" in a public database
To permanently remove tokens from circulation
Stores digital assets/tokens offline on a physical device
(Cryptocurrency) Digital currency that is secured by cryptography making it hard to counterfeit
People who invest in digital assets without doing their due diligence
Do Your Own Research
(Decentralized Autonomous Organization) A blockchain-based organization that allows everyone to have ownership and engage in decision-making
(Decentralized Application) any application that uses blockchain to store information
When ownership and decision making is controlled by a distributed network
(Decentralized Finance) When distributed networks have control over a currency
A decentralized, open-source blockchain with smart contract functionality
The token ticker for Ethereum which is the native currency of the Ethereum blockchain
(Fear Of Missing Out)
(Fear, Uncertainty, Doubt)
The lowest price listed for an NFT project
A term for government issued currencies
(Good Morning)
The term used for the cost of gas for transactions on Ethereum
The fee required to successfully conduct a transaction on the Ethereum blockchain
Stores digital assets/tokens online/in the cloud
(Hold for dear life) Holding on an asset for a long time
Data that cannot be changed by anyone after its creation
(If You Know You Know)
(In Real Life)
(Know Your Customer)
(Let's F* Go) Used when someone is excited
A scaling solution that supports mass adoption of Ethereum
To produce something on the blockchain for the first time
Verifying transactions on the blockchain
(Maximalist) Someone that believes one particular project is more dominant than others
(Non-Fungible Token) A unique digital object that represents ownership of a digital good
(Not Gonna' Make It)
The most basic unit of blockchain that stores data
A system where no entity can regulate who can use the blockchain and how
A mining system that rewards mining power to miners based on how many tokens they have
A mining system that involves solving computational puzzles to validate transactions
(Profile Picture)
When someone launches or promotes a project to generate sales and then abandons the project while taking all of the profits
A series of words that unlock your crypto wallet
An individual has possession of their digital assets
A piece of code that self-executes once certain conditions are met
A type of currency that a brand, community, or influencer can use to monetize themselves
A cryptocurrency that has its market value pegged to some external reference such as the USD
Using your tokens as a validator to the blockchain to receive an award
To promote a particular project
A representation of an asset that can be held, traded, or staked to earn interest
An environment where there is no centralized authority
Short for a transaction on the blockchain
(We All Gonna' Make It)
Individuals or institutions that hold significant amounts of tokens of a particular token
List of addresses that get early access to a project
What an asset produces in financial value