I was completely new to the crypto market and often struggled with some abbreviations. These abbreviations are very common in the crypto market. Today, I’ve shared some crypto-related abbreviations that I believe will be helpful for you. Feel free to share this on Binance Square!
01 BCS>BNB Smart Chain
02 NFT>NON-Fungible Tokens
03 DeFi>Decentralize Finance
04 DCA>Dollar Cost Average
05 DYOR>Do your Own research
06 APR>Annual Percentage rate
07 APY>Annual Percentage Yield
08 KYC>Know your customer
09 AML>Anti-Money Laundering
10 FATF>Financial Action Taak Force
11 CFT>Combating the Financing of Terrorism
12 DAPPs>Decentralized Application
13 2FA>two-factor Authentication
14 FAQ>Frequently asked Questions
15 PKC>Public Key Cryptography
16 ECDSA>Elliptic Curve Digital Signature Algorithm
17 MPC>Multi-Party Computation
18 PNL>Profit and Loss
19 ROI>Return on Investment
20 TP/SL>Take Profit /Stop Loss
21 P2P>Peer to Peer
22 BAB>Binance Account Bound
23 SBT>Soulbound Token
24 DAO>Decentralize Autonomous Organization
25 EVM>Ethereum Virtual Machine
26 RWA<Real-world Assets
27-MEV>Miner Extractable Value
28 OFAC>Officer of Foreign Assets Control
29 ICO>initial Coin Offering
30 IDO>Initial DEX Offering
31 IEO>Initial Exchange Offering
32 IBIT>Income before Income Taxes.
33 FOMO> Fear Of Missing Out (Rushing to invest due to hype)
34 FUD> Fear, Uncertainty, and Doubt (Spreading negative information to create panic)
35 HODL> Hold On for Dear Life (Hold your assets instead of selling)
36 ATH>All-Time High (The highest price an asset has reached)
37 ATL> All-Time Low (The lowest price an asset has reached)
38 PoW>Proof of Work (A consensus mechanism for validating transactions)
39 PoS>Proof of Stake (An alternative to PoW, using stakes for validation)
40 TA> Technical Analysis (Analyzing price charts for predictions)
41 LTV>Loan to Value (A ratio used in crypto lending platforms)
42 CIP> Crypto Improvement Proposal
43 TVL> Total Value Locked
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