Web3 literacy vocabulary
To the moon—Prices continue to skyrocket
LFG——Let's Fucking Go, rush, rush, rush
Whitelist
Pre-sale
Bonus - Additional Rewards
BTC — Bitcoin
ETH — Ethereum
Crypto – Cryptocurrency
Meme - Meme Coin
NFT - Non-fungible tokens
FOMO – Fear of Missing Out
FUD – Fear, Uncertainty, Doubt
GM - Good morning
HODL – Long-term holding
Bull Market
Bear Market
DeFi – Decentralized Finance
Staking
Mining
Liquidity Pool (LP) – Liquidity Pool
Yield Farming – Liquidity Mining
ICO - Initial Coin Offering
IDO – Initial Digital Asset Issuance
IEO – Initial Exchange Offering
DEX – Decentralized Exchange
CEX – Centralized Exchange
Fiat – fiat currency
Wallet
Private Key
Public Key
Smart Contract
Gas Fee – Fuel Cost
Rug Pull – a scammer who absconds with victims' money.
DYOR - Self-research
APY – Annualized Yield
TVL – Total Value Locked
KYC – Understanding Your Customers
DAO – Decentralized Autonomous Organization
Layer 1 (L1) – The underlying blockchain
Layer 2 (L2) – Layer 2 Expansion Solution
BSC – Binance Smart Chain
Cross chain
Bridge – Cross-chain bridge
Oracle - Oracle
Airdrop
Soft Fork
Hard Fork
Block Reward
Hash Rate — Computing Power
Satoshi (SATS) – the smallest unit of Bitcoin
Gwei – Ethereum transaction fee unit
Seed Phrase - Seed phrase
POS – Proof of Rights
POW - Proof of Work
GameFi – Blockchain-based Financial Services
SocialFi – Social Finance
Binance
OKX - Ouyi
CZ – Founder of Binance
AMA - Q&A Event
DM - Private Message
VC - Venture Capital
MC – Circulating Market Capitalization
KOLs (Key Opinion Leaders)
Paper hand
Diamond hand
Metamask - Metamask Wallet
U - Stablecoin
CMC—CoinMarketCap
Mn - Million
Bn - Billion
ATH - All-time High Price
ATL - Lowest Price Ever
Whale
Pump and Dump — Price manipulation (pushing and dumping)
Shill - Platform-based shill
Rekt - Huge Losses
BTD / BTFD - Buy on dips
AML - Anti-Money Laundering
