😁 What should a crypto newbie know?
With the new school year underway, it’s time to stock up on some new terms to impress your “classmates”:
🟠 “DAO” (Decentralized Autonomous Organization) – a community-driven entity with no central authority, where decisions are made from the bottom up.
🟠 “Whale” – a person or entity that owns a large amount of cryptocurrency, enough to influence market prices.
🟠 “Airdrop” – a distribution of crypto tokens or digital currencies, 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 written directly into lines of code on the blockchain.
🟠 “HODL” – a misspelling of the word “hold” that has become a term in the crypto community, calling for holding assets instead of selling them during market declines.
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