The pump and dump scam is a common way to steal cryptocurrency. It involves selling tokens that have been artificially inflated to users or investors. When buyers don't realize that the token's real market value is less than expected, the fraudster sells at the highest price. When compared to regular stocks, cryptocurrencies are easier to manipulate because a large part of their value comes from speculation.
A list of cryptocurrencies or crypto assets that an investment company, hedge fund, financial institution, or an individual owns.
JPEG is another slang web3 word to say "NFT", mostly used in a negative connotation by web3 individuals who are suspicious of NFTs in general and don't believe NFTs have any value or a future in the blockchain space. It can also sometimes be used by NFT artists & collectors, in a funny, ironic, positive connotation.
JOMO is an acronym for “Joy Of Missing Out”, and the antonym ≠ to “FOMO”.
GameFi, also called "play-to-earn" (P2E) games, is a fairly new word in both the gaming and cryptocurrency industries. It talks about games that are made with the economic and financial aspects of blockchain and cryptocurrencies in mind. This lets players have full control over their in-game assets and use them to make money.
FOMO is an acronym for "Fear of Missing Out"
Usually used in the Crypto Twitter scene as a phrase “buy the dip” - encouraging the crypto investors to buy the crypto assets when the price goes down or is low.
Day trading is the act of buying and selling assets several times in one day to make money off of changes in their prices.
Blockchain is a technology, a distributed & decentralized register (or ledger) that keeps track of who owns digital assets. Any information that is stored on the blockchain can't be changed, which makes it a real game-changer for industries like payments, cybersecurity, and healthcare. Blocks are what make blockchains work. Each block has information about the transactions that happened in a certain amount of time. They also have a unique identity that makes them different from all the other blocks in the chain. Blocks are made by solving cryptographic problems. Mining is the way to deal with these problems. When you mine a block on the blockchain, you get a reward.
Web 3.0, or Web3, is a set of values and technical applications that define a new era of the World Wide Web and a better internet. At its core, Web3 uses blockchains, cryptocurrencies, and NFTs to give users ownership and power back to them. A tweet about 2020 said it best: Web1 could only be read, Web2 can be read and written on, and Web3 will be read-write-own. Gavin Wood, one of the people who helped start Ethereum in 2014, came up with the idea of "Web 3.0." Gavin put into words a solution to a problem that many early crypto adopters had: the Web required too much trust. That is, most of the Web that people know and use today depends on a small number of private companies being trustworthy.
Mostly used in a context of web3 as "Utility Token". Utility Tokens are a type of cryptocurrency token that is made for a specific use case in an ecosystem. Utility tokens basically give users the right to do certain things on a specific blockchain network or decentralized application. For example a digital token of cryptocurrency that is given out to pay for the development of the cryptocurrency and can later be used to buy something from the person who gave out the cryptocurrency.
Tokenomics is a word for the economics of a token. It talks about the things that affect how a token is used and how much it is worth. These things include, but are not limited to, how the token was made and distributed, its supply and demand, reward system, and token burn schedules. To be successful, crypto projects need to have well-designed tokenomics. Investors and other stakeholders must look at a project's tokenomics before deciding to take part. Tokenomics, which comes from the words "token" and "economics," is a key part of doing basic research on a cryptocurrency project. To evaluate the future of a blockchain project, tokenomics is just as important as looking at the white paper, the founding team, the roadmap, and the growth of the community. To ensure long-term growth, crypto projects should carefully plan out their tokenomics. Blockchain projects make rules for their tokens' tokenomics to encourage or discourage users from doing different things. This is similar to how a central bank prints money and sets monetary policies to encourage or discourage spending, lending, saving, and the movement of money. The word "token" can mean either a coin or a token.
Red pilled is a slang word for when someone's worldview or view on a certain issue changes dramatically and quickly. The phrase is a reference to the famous red pill from The Matrix movies. The red pill represents the choice to accept a hard or uncomfortable truth about oneself or about the way things are.
Rugging (verb) - is usually used to describe the bad or unstable connection on of one of the Twitter Spaces speakers. 'You're rugging'
A rugpull is a typical scam in which a developer willfully withdraws from a cryptocurrency project in which they have invested, taking the token value with them. As anybody may build a blockchain and raise money via an ICO without governmental scrutiny, they are more common in Web3 than in traditional financial systems.
Ethereum is a decentralized blockchain network that is powered by the Ether token. Users can make transactions, earn interest on their holdings through staking, use and store nonfungible tokens (NFTs), trade cryptocurrencies, play games, use social media, and so much more. Ethereum is the second-largest blockchain project in the world. It was started in 2013 by Vitalik Buterin, who co-created it to make up for Bitcoin's flaws. Like Bitcoin, the Ethereum network is made up of thousands of computers around the world, called "nodes," instead of a single server. This makes the network decentralized and very hard to attack. As a result, it can't really be shut down. It doesn't matter if one computer goes down because thousands of others are keeping the network going. The Ethereum network may have done its best work with decentralized finance. Around 2019 and 2020, DApps that can do more than one thing in the ecosystem started to appear, and their popularity is growing by the day. The Ethereum network will be used more the more DApps people use. The Ethereum DeFi scene is the biggest one out there, and over the years, successful DApps have brought more attention to the platform.
A blue chip is a publicly traded company that is well-known nationally or internationally, has been around for a long time, and is financially stable. Blue chips usually sell high-quality goods and services that a lot of people like.
As a single unit of currency, a coin can be traded for an agreed-upon amount based on the state of the market. It can sometimes be traded for a coin or token from a different blockchain, either through a cryptocurrency exchange or a private transfer. You can also trade coins and tokens through decentralized exchanges and atomic swaps.
A bull market is when prices are going up or are expected to go up on a financial market. Most of the time, the term "bull market" is used to talk about the stock market, but it can also be used to talk about bonds, real estate, currencies, and commodities.
Since the prices of securities go up and down almost constantly during trading, the term "bull market" is usually used to describe long periods when a lot of prices are going up. Most bull markets last for a few months or even a few years.
Tasks like trading cryptocurrency can be done automatically by software or so called Bots. Another type of Bots are also known on Twitter as Twitter bots - is a software program designed to automatically follow Twitter users, like, retweet, comment and DM people. Twitter bots have a very bad reputation, most users are annoyed by them, report and block them, because bots are normally create a lot of spam content in ones feed and notification tab.
During a crypto bull run, prices go up, people are excited, and the arrow on price charts points up.
Users' public and private keys are stored in their cryptocurrency wallets (crypto wallets), which also have an easy-to-use interface for managing cryptocurrency balances. They also let you send and receive cryptocurrency through the blockchain. Some wallets even let users do things with their cryptocurrency assets, like buy and sell or interact with decentralized applications (dapps). There are two types of wallets: hot and cold. The biggest distinction between hot wallets and cold wallets is that hot wallets are connected to the internet through your computer or phone, while cold wallets are hardware devices (for example: Ledger) that can hold your data offline. Most popular (hot) mobile app wallets: Metamask, Trust, Coinbase, Exodus.
Cryptocurrency, also called crypto or crypto-currency, is any digital or virtual currency that uses cryptography to keep transactions safe. Cryptocurrencies don't have a central authority that issues or controls them. Instead, transactions are recorded and new units are made using a decentralized system.
In the context of blockchain technology, mining is the process of adding new transactions to the blockchain, which is a big public list of all the transactions that have already happened. Mining is most often associated with bitcoin, but it is also used in other technologies that use the blockchain. People who run mining operations for bitcoin get more bitcoins as a reward.
"Layer 2". The performance and accessibility of layer 1 blockchains are frequently improved by layer 2 (L2) blockchains, which are built on top of them. For instance, Polygon is a well-known layer 2 blockchain that enables users to profit from the Ethereum network without having to deal with its expensive fees and somewhat poor transaction speed.
"Layer 1". The key elements of multi-level blockchain frameworks are blockchains. They don't need assistance from other blockchain networks to facilitate transactions. All layer 1 blockchains, including Bitcoin and Ethereum, provide access to their networks via their own native cryptocurrency.
The metaverse is a digital reality that lets people interact virtually through social media, online games, augmented reality (AR), virtual reality (VR), and cryptocurrencies. Augmented reality adds sounds, images, and other sensory information to the real world to improve the user's experience. Virtual reality, on the other hand, is all made up and improves on made-up worlds. Some of the most popular metaverse platforms are Decetraland, The Sandbox, Roblox, Meta form Facebook.
"Paper Hands" is opposite of "Diamond Hands". A paper hands investor is someone who sells too soon because they don't like taking risks or are afraid of losing money. People say that when they feel even a little bit of stress, they fold like paper and sell investments before they have a chance to turn around.
The word "shitcoin" refers to all of the worthless cryptocurrencies on the market. Cryptocurrencies that were made without a clear goal, sold at prices based on speculation, or have no use because they are just cheap copies of other projects.
Stablecoins are digital currencies that are tied to the value of another currency, good, or financial instrument. Stablecoins are meant to be an alternative to the high volatility of Bitcoin (BTC) and other popular cryptocurrencies, which makes them less useful for everyday transactions.
Used in a connection of a major market trend going up. The term "mooning" is often used as a verb to describe a cryptocurrency with a strong upward trend on the market. "To the moon" is often used to describe a strong belief that the price of a certain cryptocurrency will soon go up by a lot.
An electronic proof of asset ownership. These are usually divided into two categories. Non-fungible tokens (NFTs) are one-of-a-kind and cannot be duplicated; fungible tokens, like Bitcoin, are interchangeable, identical tokens.
web3 slang to say "When?". In a context of crypto mostly used as "wen moon?" -asking when the crypto asset will go up in price. But can also be used with other words, like for example "wen launch?" - while waiting for some very long expected project to launch a new feature etc.
Acronym for "Greatest Of All Time". Usually, the word "GOAT" is used as web3 slang to praise individuals who have reached the top of their fields.
It's the degree to which an asset can be converted into either cash or some other asset.
Acronym for "Let's fucking go", usually used with a rocket emoji 🚀. It is commonly used to hype up the launch of some project, online event like Twitter Spaces or Livestream etc.
web3 way of saying word "Friends"
Abbreviation for "We're all going to make it". This is an acronym that is related to "ngmi," which means "not going to make it," and "gmi," which means "going to make it." It is often used in online trading to show solidarity with other investors after big good news about their holdings.
Smart contracts are contracts that are made on a blockchain and automatically carry out their terms. A smart contract is a program that can automatically carry out agreements on the blockchain as long as the initial conditions of the contract are met. The validation process and the clear record of previous transactions on the blockchain make sure that the contract has been found to be reliable, which builds the necessary trust.
to shill, shilling (verb) - presenting a project in an annoying manner
Acronym for "Proof of Attendance Protocol", or POAP, is a non-fungible token (NFT) that is given to people who attend an event, class, or activity. Basically, it's a badge of honor or a way to show that you were there or took part in something online or in real life.
Abbreviation for profile picture, for example on your social media account. PFPs are also commonly used in a context of NFT collections, since there are a lot of NFT PFPs collections, that you can mint and use as your profile picture (this feature is widely spread on Twitter)
"Not Going To Make It" is what "NGMI" stands for. In the context of web3, NGMI is used to emphasize that a crypto investor could miss out on a big profit or lose a lot of money if they don't own Bitcoin, bet on altcoins, or use risky strategies like leverage trading.
A term (often used as a verb) describing the significant increase in the value of a cryptocurrency.
Expecting a decrease in the price.
Expecting an increase in the price.
Government issued currency that is not backed by a physical commodity such as Gold but by the government that issued it. Such as the U.S Dollar, the British Pound & theEuro.
Short for All Time High; the highest value a cryptocurrency has ever reached.
A whale is someone with a lot of crypto.
Digital assets that are unique are known as non-fungible tokens (NFTs). They are a mechanism to indicate ownership of a special thing, such as a work of art, a fashion collectible, or even a plot of land, and are often driven by smart contracts on the Ethereum blockchain. They can only be owned by one individual at a time, just like real goods.
the action of an artist or a collector first publishing a work of art on the blockchain.
Acronym for "In Real Life", referring to the life outside of the Metaverse
"Hold on for dear life" - term used usually in a meaning of "not selling" a cryptocurrency and stocking long term.
Acronym for Good Night
Acronym for Good Morning
Gas is the term for the cost associated with executing a smart contract or transaction on the Ethereum network.
The cheapest asking price for a collection overall or for a subset of the collection in any NFT marketplace.
Acronym for "Do Your Own Research"; mostly used in a context of advise about cryptocurrencies.
someone who, despite significant market swings, maintains their position (investment, NFT, cryptocurrency). The price movements of the assets wouldn't bother someone with diamond hands. They intend to hold the investment till they reach their financial goals.
abbreviation for "degenerate," generally used to describe individuals who place risky and poor bets. It can refer to those who engage in digital assets like NFTs without carrying out due research in the cryptocurrency market.
DeFi stands for Decentralized finance that relies on smart contracts without any middlemen required
dApp is a decentralized app that have a smart contract backend and a UI frontend
DAO stands for Decentralized Autonomous Organization. It is an organization that is run by its members and independent of any single individual or organization's authority. They don't have any hierarchical, top-down structures, unlike a regular business or government.
This is the practice of utilizing mathematics to encode and safeguard sensitive information from harmful actors. The word "encryption" is derived from the Greek "kryptos," which means "hidden."
A web3 slang for saying Build
Bitcoin is the first and the most popular decentralized digital currency. Cryptography is used to safeguard Bitcoin. Bitcoins cannot be physically held. Each record of ownership is encrypted yet kept on a public ledger (blockchain) that anybody may access. Through a process called "mining," which utilizes a significant amount of computational power, all Bitcoin transactions are confirmed.
A bear market is a time when asset prices have fallen by 20% or more from recent highs. Investor confidence is consequently poor, and the economy and market become pessimistic.
Application Programming Interface is referred to as API. It is a collection of procedures, guidelines, and resources for creating software programs. APIs define how software components should communicate, including what information to utilize and how to proceed.
Alternative cryptocurrencies, or alts, are those that are relatively new to the market and have low valuations. The term "altcoin," which combines the words "alternative" and "coin," was initially used to describe any cryptocurrency that wasn't Bitcoin.
valuable insider information. Alpha holders have knowledge that hasn't yet been made public to the rest of the market. These individuals spend countless hours looking for untapped projects, and occasionally they post about these on Twitter or other social media.
In the realm of cryptocurrencies, an airdrop is the free transfer of tokens or coins from an organization into the wallets of its customers or members.
