Activity News Daily Digest: What Should a Crypto Newbie Know?

As the new school year kicks off, it’s time to load up your crypto toolkit with some fresh terms to impress your “classmates”:

🟠 “DAO” (Decentralized Autonomous Organization) — A community-led entity with no central authority, where decisions are made from the bottom up.

🟠 “Whale” — A person or entity that holds a large amount of cryptocurrency, enough to potentially influence market prices.

🟠 “Airdrop” — A distribution of cryptocurrency tokens or coins, usually for free, to a large number of wallet addresses, often used as a marketing strategy.

🟠 “Smart Contract” — Self-executing contracts with the terms of the agreement directly written into lines of code on the blockchain.

🟠 “HODL” — A misspelling of “hold” that has become a term in the crypto community, advocating for holding onto assets rather than selling them during market dips.

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