Basic vocabulary of the crypto market: (This is a popular science article. If you need to know the vocabulary explanation, please leave a message in the comment area)
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1. White paper:
A series of relevant explanations about the project. White papers often include the background of the project's establishment, the introduction of the project, the development of the project, and the background of the founding team.
It is also the channel for newcomers to intuitively understand the information of the coin and the project.
2. Whitelist
Whitelist, many project parties hope to allow early followers of the project to get an earlier opportunity to participate, so they will carry out some related activities and add users to the whitelist. These people can participate in the project earlier or get more tokens at a lower price.
3. CEX
Centralized exchange, the user's assets are placed in the platform's wallet, and the platform provides services to users. Users do not need to manage private key mnemonics and other related issues by themselves. They only need to remember the account password set when they registered to enjoy one-stop service
4. DEX
Decentralized exchange
5. Sidechain
In order to facilitate the transfer of digital assets between different blockchains, sidechain technology came into being. Simply put, sidechains are like pathways that connect different blockchains to each other to achieve blockchain expansion.
6.DEFI
Decentralized Finance
7. DYOR
In layman's terms, they all like to use the abbreviation of "Do Your 0wn Research" to mean non-financial advice, which means "do the research you should do". A disclaimer that you are not responsible for other people's views on NFT.
8. Floor Price
Floor Price refers to the "lowest asking price" or "lowest bid price" of NFT on 0penSea, Foundation, Async Art or other trading platforms
9. EVM
The abbreviation of Ethereum Virtual Machine, which means Ethereum Virtual Machine, is the heart of Ethereum. Ethereum Virtual Machine is actually the operating environment of smart contracts
10. ETF
The full name is Exchange-Traded Fund, also known as Exchange Traded Open Index Fund. As an investment category, it is a very mature financial derivative with a relatively low investment threshold (a few hundred can be traded) and simple trading operations
11. ERC20 TRC20
Network protocol, for retail investors, it is often required to transfer and withdraw coins
[This is also the most vigilant thing in our daily transactions. We must determine which main network protocol is used]
