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Dictionary

Shill / shilling

A shill is referring to a person that is convincing someone to participate, or believe in something, which is in the shill’s own interest. In

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Shitcoin

Used with reference to cryptocurrencies that have little or no use. Such cryptocurrencies are often being issued by scammers and are often low effort projects.

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Smart contract

A smart contract is a program which automatically executes when conditions of the agreement are met. Smart contracts are the key mechanism for DeFi and

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Smart contracts

Pieces of software code that executes itself if certain conditions, that are defined in the code, are met. They are essential to the functioning of

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Solana

A decentralized open-source blockchain network, focused on fast transactions and high bandwidth. It has its own native token named SOL. Fractional SOLs are called lamports

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Stablecoin

A cryptocurrency that is being tied to an outside asset, such as gold, the U.S dollar, or Euro. That way, price fluctuations are being tackled,

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Szn

Market Cycle, SeaZoN → Season. Market Cycles are shorter in the NFT space than for cryptocurrencies. They often last only between 1-4 weeks.

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Token

A broad term that describes a digital data element that you can buy, sell or transfer which represents something either real or purely digital.

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Tokenization

The process of transforming something into a digital asset, which makes it tradable, traceable and allows fractionalization.

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Transparency

The ability for anyone to see the code and all transactions executed on the blockchain. For the Ethereum Blockchain, etherscan.io is mainly used.

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Up Only

Everyone’s desired movement in the prices of NFTs. Expression used when somebody is very positive about the future price of an NFT. Opposite is Down

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Utility Token

A token that offers certain utilities. For example, there are tokens that ensure you are a member of a club, some grant you one or

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Wallet

A cryptocurrency wallet identifies where digital assets are being stored on the blockchain. It is secured with a private and a public key.

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Wen?

Means the same as ‘When?’ Used for simple or ironic when questions for example: Wen Lambo? Wen Moon?

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Whale

Somebody that holds such a big amount of cryptocurrency or NFTs that he can influence the market, positively or negatively, but probably in his favor.

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Yield farming.

A means to generate rewards by locking up cryptocurrency. The interest rates are much higher in yield farms than in traditional financial products.

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