Acronyms
Here is a list of common acronyms you may hear with their explanations. If you hear terminology you don't understand, Discord and the forum are great places to ask for clarification!
AML (Anti-Money Laundering): Regulations and laws designed to prevent the illegal generation of income through financial transactions.
ARB (Arbitrium): A popular Ethereum Layer 2 scaling solution that improves transaction speed and reduces costs by processing transactions off-chain.
ATH (All Time High): The highest price an asset's market price has ever reached. Commonly used for both stocks and cryptocurrencies.
BTC (Bitcoin): The first and most well-known cryptocurrency, launched in 2009, often referred to as digital gold.
CeFi (Centralized Finance): A system in which financial services like loans, savings, and trading are managed by centralized entities (companies or organizations).
dApp (Decentralized Application): Applications built on a blockchain that operate without a central authority. They run on decentralized networks like Ethereum and provide various services such as trading, lending, or gaming.
DeFi (Decentralized Finance): A financial ecosystem that enables users to access traditional financial services like lending, borrowing, and trading without intermediaries, using decentralized networks and protocols.
DYOR (Do Your Own Research): A reminder to individuals to perform their own analysis before making investments or decisions in crypto to avoid overextending or investing beyond their risk tolerance.
ETH (Ethereum): A leading blockchain platform that supports smart contracts and decentralized applications (dApps), with Ether (ETH) being its native cryptocurrency.
FOMO (Fear Of Missing Out): The anxiety or fear that one might miss an investment opportunity, which often leads to impulsive decisions in trading.
FUD (Fear, Uncertainty, Doubt): A term used to describe negativity or misinformation surrounding a cryptocurrency project, token, or market that causes panic or distrust among investors.
HODL (Hold): A popular term in the crypto community originating from a typo of "hold." It refers to holding onto cryptocurrencies for the long term, despite market volatility.
ICO (Initial Coin Offering): A fundraising mechanism in which a company or project offers new cryptocurrencies or tokens to investors in exchange for established cryptocurrencies (such as Bitcoin or Ethereum) or fiat money.
KYC (Know Your Customer): A mandatory verification process that requires users to provide personal identification information to comply with financial regulations, typically to prevent fraud and money laundering.
MM (Market Maker): An entity or individual that provides liquidity to a market by offering to buy and sell assets, ensuring there are enough trades available for other participants.
MM (MetaMask): A popular cryptocurrency wallet and gateway to decentralized applications (dApps) that allows users to manage, store, and trade their digital assets securely.
NFT (Non-Fungible Token): A unique digital asset stored on a blockchain, often representing art, music, videos, or other collectibles. Each NFT is one-of-a-kind and cannot be exchanged on a one-to-one basis like cryptocurrencies.
ROI (Return on Investment): A financial metric used to evaluate the profitability of an investment by calculating the ratio of return relative to the cost of the investment, usually expressed in months or years.
TGE (Token Generation Event): The moment when a project's tokens are created and distributed to investors and participants. This event typically occurs after an ICO or IDO and marks the launch of the token into the market for trading.
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