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With the ability to decentralize information and services, there won’t be a single entity that has total control over all the information and related services on the application.ĭeFi stands for “decentralized finance”, unlike traditional finance or CeFi (centralized finance), where a bank or company has control over your money. blockchain) instead of a centralized server. #Diamond hands to the moon meaning software#Decentraland DAO is one of the examples.ĭApp stands for “decentralized application”, which is a software application that partially runs on a distributed network (i.e. #Diamond hands to the moon meaning how to#More and more recent NFT/ Metaverse projects are setting up DAO treasury in which the fund is collected from their NFT sales, and holders can decide how to use the treasury and future project direction, etc. The rules and governance of each DAO are coded in smart contracts on the blockchain and cannot be changed unless voted upon by the members of the DAO. DAOs are not governed by one single person or entity. It originally refers to a person who copies another person’s ideas, appearance or behaviour, in the NFT world, it means a knock-off project which copies another more popular project.ĭecentralized Autonomous Organization. It means to purchase an asset after its price has dropped, which is usually considered as a bargain as the asset is likely to bounce back and increase in value over time after the short-term correction. It runs in parallel with Binance’s native Binance Chain (BC), providing the high transaction capacity of BC with added smart contract functionality.īTD refers to “buy the dips” while BTFD refers to “buy the fxxxxxx dips”. ![]() It was announced in September 2020 by Binance, a leading cryptocurrency trading exchange. Some DeFi platforms like PancakeSwap use BSC, benefiting from much lower transaction fees. Some examples are: to conduct trades and execute transactions on behalf of human investors and to offer a range of customizations for Discord servers, including answering frequently asked questions, offering mini-games to their communities, spitting out memes on a daily basis, etc.īSC refers to Binance Smart Chain. It is, however, always advised not to ape in any projects without having proper research and understanding on what you’re buying! Unless you are a true degen (see below what degen is)!īot refers to the automated software that performs specific actions. Originated through the ‘apes together strong’ meme. Many NFT projects hold live AMA sections regularly to keep up the engagement with their NFT holders.Īpe in usually refers to people who rush into buying a new NFT or coin without doing much due diligence or research. The floor price for one Mutant Ape is now sitting at 6.3ETH (as per December 2021).ĪMA is an abbreviation for “ask me anything”, it is used by people who are opening themselves up for a session where the community can ask any kind of question. #Diamond hands to the moon meaning free#For example, in August 2021, NFT collection “Bored Ape Yacht Club” holders were airdropped a “mutant serum”, which allowed them to mint a free Mutant Ape in the likeness of their original form can be freely traded. In addition, it can be used as a marketing strategy for NFT/ crypto-related projects to generate attention and new followers. Some NFT projects may airdrop free companion NFTs to reward the original NFT collection holders. #Diamond hands to the moon meaning for free#Me with Charles Hoskinson sometime early 2019.Īn airdrop refers to sending cryptocurrency coins/ tokens or NFTs for free to different wallet addresses. For example, CryptoPunks are a collection of 10 000 NFTs, of which each one of them is unique. 1/1 of x refers to one unique NFT of a collection of X NFTs. No, this is not some kind of arithmetic problem. Let’s YOLO because I’m sure WAGMI! Feel free to red this crypto/NFT slang like a novel or just hit “CTRL+F” to search for whatever you are looking for. OK! My dear Degens, WELCOME to the complete Crypto and NFT slang dictionary! Let’s Ape In into this 1:1 article that will help you in your future DYOR. I have created the first NFT Investing Masterclass and if you are interested in this topic, I would like to invite you to take a look. Oh, BTW, if there’s something I’m really passionate about is teaching. The crypto and NFT communities have their own language, and this glossary will help you with all those crypto slang.Īcronyms are also widely used, and here you will find all the acronyms, slang and terminology. This space runs very fast, and you need to be up-to-date on the lingo that the community uses. It doesn’t matter if you are a beginner or a pro. ![]() WAGMI? Ape In? Diamond Hands? DYOR? Search no more! Here you can find a glossary with 79 crypto/NFT words that will help you navigate the crypto/NFT space like a pro! Oh, and also memes! 79 Crypto/NFT Words You Need To Know: The Crypto/NFT Slang Dictionary ![]()
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