CRYPTO TERMINOLOGY:

1. FIAT - Government issued currencies i.e. Dollar Euro pound rubles yen etc.

2. BLOCKCHAIN - the cryptocurrency technology that keeps the system secure and decentralized.

3. DEFI - Decentralized Finance is an ecosystem that operates independently, free of third parties or exchanges.

4. CEFI – 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.

5. WHITE PAPER - A white paper is a document that describes what a cryptocurrency is created for and how it will achieve it.

6. TOKENOMICS - This is a combination of token and economy. It helps to understand the supply and demand characteristics of a cryptocurrency

7. ICO – Stands for “Initial Coin Offering” i.e. a new cryptocurrency gives away coins at a discounted rate usually to fund the project.

8. IDO - stands for "Initial DEX Offering" refers to the launching of a cryptocurrency on a decentralized exchange (DEX) usually at a price below the listing price in order to raise funds.

9. COIN - There is a difference between coins and tokens. A coin is a native asset of its own blockchain. For example Bitcoin, Ethereum, Solana

10. TOKENS - 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). Tokens are the backbone of DEFI and exist for use with DEX.

11. MARKET CAPITAL - The total market value of a cryptocurrency. Calculated by (current price x circulating supply = Mcap)

12. STABLECOIN - A cryptocurrency pegged to the value of the US dollar to make it more stable and less volatile. For example USDt, Busd

13. PUMP AND DUMP – This is a bit like a scam where people who own a large share of a coin encourage others to buy to artificially increase the price. Once the price peaks, they sell everything they own and the price drops drastically.

14. BAGHOLDER – This term refers to someone who stays with a cryptocurrency after a pump and dump. For example, everyone who holds shitcoins after they drop

15. GAS FEES - Transaction Validation Fee.

16. REKT - Slang for “castaway”. This implies that the user has lost a lot of money on the cryptocurrency.

17. MOON - A belief that the price of a cryptocurrency will increase exponentially.

18. HODL – A drunken misspelling of the word “hold” which is now slang people use when they say they will hold and hold a cryptocurrency.

19. NFT – (Non-Fungible Tokens) NFTs allow people to buy and sell collectibles like art, music, and trading cards using smart contracts. NFTs can work like any other speculative asset, where you buy it and hope its value rises one day, so you can sell it for a profit.

20. DYOR – (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.

21. NFA – (Not a Financial Advise) The term is also often used as a warning when traders and cryptocurrency enthusiasts post 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.

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