LIVECrypto Wiki
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Познавательные публикации из мира криптовалют и больших финансов.
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Success fee / appointment for 1 minute /
Success fee
Concept
Literal meaning: Fee for success.
The term “success fi” has a fairly wide application in the environment: from commissions to a worker for completing the volume of assigned tasks to venture investments, where an intermediary working with an investor receives a guaranteed commission for the capital raised.
Concept
Literal meaning: Fee for success.
The term “success fi” has a fairly wide application in the environment: from commissions to a worker for completing the volume of assigned tasks to venture investments, where an intermediary working with an investor receives a guaranteed commission for the capital raised.
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Chargeback / appointment in 1 minute /
Chargeback
Concept
Literal meaning: reverse write-off, return payment.
A term from the world of finance, from the banking sector.
Typically, a refund by bank card is resorted to when there is a disagreement between the buyer and the seller. However, if the cardholder mistakenly sent money to the wrong person, voluntarily transferred it to scammers, or made a bad investment, the chargeback will not work.
Concept
Literal meaning: reverse write-off, return payment.
A term from the world of finance, from the banking sector.
Typically, a refund by bank card is resorted to when there is a disagreement between the buyer and the seller. However, if the cardholder mistakenly sent money to the wrong person, voluntarily transferred it to scammers, or made a bad investment, the chargeback will not work.
See original
Range / appointment for 1 minute /
Range
Concept
Literal meaning: Range.
The concept of a range is also used in a sideways trend, where it determines the width of the price range between the lines of minimum and maximum price values - when the maximums and minimums do not cross their boundaries.
Application
Example of use in trading:
Concept
Literal meaning: Range.
The concept of a range is also used in a sideways trend, where it determines the width of the price range between the lines of minimum and maximum price values - when the maximums and minimums do not cross their boundaries.
Application
Example of use in trading:
See original
Drophunter / appointment in 1 minute /
Drop Hunter
Concept
In other words, this is a user who closely monitors potential token giveaways of new projects and is active in their ecosystems with the goal of receiving a large reward.
Related term
Thus, drophunting is a way to generate profitability in the cryptocurrency sector, in which the user becomes an early participant in some promising project by performing a number of key activities. For example: adding liquidity, swapping tokens, using bridges, etc.
Concept
In other words, this is a user who closely monitors potential token giveaways of new projects and is active in their ecosystems with the goal of receiving a large reward.
Related term
Thus, drophunting is a way to generate profitability in the cryptocurrency sector, in which the user becomes an early participant in some promising project by performing a number of key activities. For example: adding liquidity, swapping tokens, using bridges, etc.
See original
Omnichain / appointment for 1 minute /
Omnichain
Concept
In other words, it is a special messaging transport layer that allows data to be transferred between any connected blockchains without the use of cross-chain bridges or wrapped tokens.
The main value of Omnichain technology is that it is possible to combine incompatible Layer 1, Layer 2 networks and even blockchains that do not support smart contracts, such as Bitcoin.
Concept
In other words, it is a special messaging transport layer that allows data to be transferred between any connected blockchains without the use of cross-chain bridges or wrapped tokens.
The main value of Omnichain technology is that it is possible to combine incompatible Layer 1, Layer 2 networks and even blockchains that do not support smart contracts, such as Bitcoin.
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POAP / appointment in 1 minute /
Proof of Attendance Protocol
Concept
Literal meaning: protocol confirming participation / proving attendance.
In other words, it is a protocol through which NFT digital badges can be created through smart contracts on the blockchain.
Story
POAP was first presented in 2019 at the Ethereum conference in Denver. As part of the event, each participant was given a digital commemorative badge to prove their presence. After which, many cryptocurrency projects also began to use POAP NFTs to effectively communicate with their audience and reward them with privileges.
Concept
Literal meaning: protocol confirming participation / proving attendance.
In other words, it is a protocol through which NFT digital badges can be created through smart contracts on the blockchain.
Story
POAP was first presented in 2019 at the Ethereum conference in Denver. As part of the event, each participant was given a digital commemorative badge to prove their presence. After which, many cryptocurrency projects also began to use POAP NFTs to effectively communicate with their audience and reward them with privileges.
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Onboarding / appointment in 1 minute /
Onboarding
Concept
Simply put, it is a simple and unobtrusive way to show the user how to use a specific product or development.
Properly organized onboarding should easily guide the client from the moment of first acquaintance to full use.
Example
Imagine that a team is developing an application, let's say it is a DEX platform with a gasless function in an EVM environment. Ideal onboarding is when the product talks about itself and naturally guides the user through the necessary screens (in some places with tooltips), demonstrating the ease of operation and financial benefits of this technology.
Concept
Simply put, it is a simple and unobtrusive way to show the user how to use a specific product or development.
Properly organized onboarding should easily guide the client from the moment of first acquaintance to full use.
Example
Imagine that a team is developing an application, let's say it is a DEX platform with a gasless function in an EVM environment. Ideal onboarding is when the product talks about itself and naturally guides the user through the necessary screens (in some places with tooltips), demonstrating the ease of operation and financial benefits of this technology.
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DYOR / appointment in 1 minute /
The literal meaning: do your own research.
Often, without giving direct financial recommendations, cryptocurrency experts, when expressing their opinion on a specific asset or strategy, use this acronym, disclaiming responsibility for any consequences to people who blindly accept someone else’s vision and assessment of the situation as the only correct one.
Often, without giving direct financial recommendations, cryptocurrency experts, when expressing their opinion on a specific asset or strategy, use this acronym, disclaiming responsibility for any consequences to people who blindly accept someone else’s vision and assessment of the situation as the only correct one.
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Genesis / appointment in 1 minute /
Genesis
Cryptographic systems also use the terminology: genesis block or generation block.
The first block is numbered “block 0”, so it is often called zero. However, in the first version of Bitcoin, the initial block is numbered "block 1".
#крипта #Binance #CryptoWiki
Cryptographic systems also use the terminology: genesis block or generation block.
The first block is numbered “block 0”, so it is often called zero. However, in the first version of Bitcoin, the initial block is numbered "block 1".
#крипта #Binance #CryptoWiki
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Deflation / term in 1 minute /
Deflation
Concept
In relation to cryptocurrencies, deflationary assets are digital financial products that have investment attractiveness due to a decrease in their market supply through the inherent mechanics or the introduction of certain updates to the blockchain (creation of forks).
Concept
In relation to cryptocurrencies, deflationary assets are digital financial products that have investment attractiveness due to a decrease in their market supply through the inherent mechanics or the introduction of certain updates to the blockchain (creation of forks).
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Emission / term in 1 minute /
Emission
Within the framework of blockchain projects, the issue largely determines the price of the asset and the possibilities of its use.
Types of emissions
Limited one-time
The asset is released immediately in full.
Example: Binance Coin.
Advantage: low inflation.
Limited controlled
Most popular digital currencies are issued according to this principle.
Within the framework of blockchain projects, the issue largely determines the price of the asset and the possibilities of its use.
Types of emissions
Limited one-time
The asset is released immediately in full.
Example: Binance Coin.
Advantage: low inflation.
Limited controlled
Most popular digital currencies are issued according to this principle.
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Flip / appointment in 1 minute /
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Halving / appointment in 1 minute /
Halving
Literal translation: divide in half.
In other words, cryptocurrency halving is a sequential decrease in the reward for creating a new network block.
Example
Let’s get creative using Bitcoin as an example:
it is known that btc works on the PoW algorithm;
The integrity of the network is ensured by miners through their ASICs;
Literal translation: divide in half.
In other words, cryptocurrency halving is a sequential decrease in the reward for creating a new network block.
Example
Let’s get creative using Bitcoin as an example:
it is known that btc works on the PoW algorithm;
The integrity of the network is ensured by miners through their ASICs;
See original
Security token / term in 1 minute /
Security token
Literal meaning: investment token.
It is known that tokens are created on the basis of the blockchain, and all details of their execution are prescribed in a smart contract.
Security tokens are created to be linked to real securities, that is, they are real financial investments. They are traded on cryptocurrency exchanges.
Literal meaning: investment token.
It is known that tokens are created on the basis of the blockchain, and all details of their execution are prescribed in a smart contract.
Security tokens are created to be linked to real securities, that is, they are real financial investments. They are traded on cryptocurrency exchanges.
See original
Service token / term for 1 minute /
Utility token
Alternative names: utility token; utility token; useful token.
These assets reflect some value within the business model of a project: reputation, points for certain actions, game currency, etc.
Unlike security tokens, utility tokens do not provide the right to own a share of a company, so they cannot be considered an investment.
Alternative names: utility token; utility token; useful token.
These assets reflect some value within the business model of a project: reputation, points for certain actions, game currency, etc.
Unlike security tokens, utility tokens do not provide the right to own a share of a company, so they cannot be considered an investment.
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Management token / term for 1 minute /
Governance token
Governance tokens are typically issued to encourage active participation in the community.
Blockchain projects establish different conditions for self-government. As a rule, it all comes down to changing the service’s commissions and optimizing the algorithm for distributing new tokens.
For example, in June 2020, algorithmic money-making protocol Compound released its own governance token called COMP, kicking off a liquidity mining mania in the DeFi space.
Governance tokens are typically issued to encourage active participation in the community.
Blockchain projects establish different conditions for self-government. As a rule, it all comes down to changing the service’s commissions and optimizing the algorithm for distributing new tokens.
For example, in June 2020, algorithmic money-making protocol Compound released its own governance token called COMP, kicking off a liquidity mining mania in the DeFi space.
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Consolidation / term in 1 minute /
Consolidation
Flat can be considered a synonym for consolidation. Both terms mean movement within a price range without a noticeable jump.
At the same time, consolidation is usually called a lull in prices after a rapid growth or decline of the market, that is, it is preceded by a pronounced trend.
A flat is a long time period of market conditions during which the price cannot determine the direction of further movement.
Flat can be considered a synonym for consolidation. Both terms mean movement within a price range without a noticeable jump.
At the same time, consolidation is usually called a lull in prices after a rapid growth or decline of the market, that is, it is preceded by a pronounced trend.
A flat is a long time period of market conditions during which the price cannot determine the direction of further movement.
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Flat / term in 1 minute /
Flat
Semantic alternative: lateral movement.
For example, when the Bitcoin rate fluctuates in the range of 43–45 thousand dollars for some time (several days, a week, a month, etc.), it is said to be in a flat.
#trading#NFTCommunity #Binance
Semantic alternative: lateral movement.
For example, when the Bitcoin rate fluctuates in the range of 43–45 thousand dollars for some time (several days, a week, a month, etc.), it is said to be in a flat.
#trading#NFTCommunity #Binance
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Rug pull / appointment for 1 minute /
Rug pull
The term comes from English. rug pull - pulling out a carpet.
With the help of this fraudulent scheme, scammers earned approximately $2.8 billion in 2021, which is quite significant from the total $14 billion stolen that year.
#сленг #NFTCommunity #Binance
The term comes from English. rug pull - pulling out a carpet.
With the help of this fraudulent scheme, scammers earned approximately $2.8 billion in 2021, which is quite significant from the total $14 billion stolen that year.
#сленг #NFTCommunity #Binance
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Instamine / term in 1 minute /
Instamine
The term comes from English. instant - instant and mine - production.
In other words, this is the algorithmically assigned number of coins in the genesis block.
The main point with instamining is that the computational complexity to obtain coins is very simple, so creators of new digital currencies often mine them right before the launch of their platform. At this moment, there is no competition and you can mine large volumes of digital assets with minimal investment.
The term comes from English. instant - instant and mine - production.
In other words, this is the algorithmically assigned number of coins in the genesis block.
The main point with instamining is that the computational complexity to obtain coins is very simple, so creators of new digital currencies often mine them right before the launch of their platform. At this moment, there is no competition and you can mine large volumes of digital assets with minimal investment.
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BinanceTurns7
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#BinanceTurns7 Come celebrate 7 years of Binance with us to unlock digital badges and win some exclusive 7YA swag!
Task 1: Share Your Binance Birthday Wishes to Unlock the Basic 7YA Digital Badge
- Complete the setup of your Binance Square profile (e.g., username, profile, biography) and follow this account @Binance_Square_Official during the Activity Period.
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Activity Period: 2024-07-05 12:00 (UTC) to 2024-07-10 11:59 (UTC)
Binance Square Official
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