The growth path of the currency circle -NO.1 professional terminology
As a newbie who just entered the currency circle, you must have a lot of doubts, and now bigomax will solve them one by one. First of all, you must first understand some professional terms, which will also allow you to better understand the information in the currency circle and better communicate with your friends about cryptocurrencies.
[Fiat currency] Legal currency is legal tender, issued by the state and government, and only government credit is used as a guarantee, such as renminbi, U.S. dollars, and so on.
[BaiBing/Coin King] Bitcoin (BTC)
[Auntie] Another name for Ethereum (ETH)
【Leek】refers to people who speculate coins, retail investors who are just beginning to contact or are not proficient in investing in digital currencies.
[Private placement] A financing behavior. Cryptocurrency private equity is a way to invest in cryptocurrency projects, and it is also the best way for cryptocurrency project founders to raise funds for the operation of the platform.
【Aixio】(Initial Coin Offering abbreviation), the initial coin offering. The concept of initial public offering (IPO) originating from the stock market is the act of issuing tokens for the first time by a blockchain project to raise general digital currencies such as Bitcoin and Ethereum. Aixiou Private Equity, Public Division, internal subscription, fundraising and other rounds of the team.
[Primary market] The primary market is the issuance market of Aisi Europe, which generally includes the original distribution of the team, the corresponding tokens obtained by investors, private placements involving large institutions, and public offerings for the public. These are all digital currency primary markets. , The digital currency primary market has the characteristics of low cost, high risk, and high return.
[Secondary market] The secondary market is also the circulation market. After the fundraising of Aixiou is completed, transactions can be carried out. The transactions are divided into over-the-counter transactions and on-exchange transactions. The largest secondary market at present is the major exchanges.
[Token] is usually translated into a pass. Token is one of the important concepts in the blockchain. Its more widely known name is “token”, but in the eyes of professional “chain circles”, it is more accurately translated as “token”, which represents the district A proof of equity on the blockchain, not currency.
[Buddha holding currency] refers to the fact that after buying the currency, it does not care about the price trend of the digital currency, and intends to hold it for a long time. No matter how far the price of the encrypted currency asset drops, it will not reduce the currency in the hand.
[Airdrop] The act of donating tokens by the project party is called airdrop. Airdrop is currently a very popular cryptocurrency marketing method. In order to allow potential investors and those keen on cryptocurrencies to obtain information about the tokens, the token team will regularly conduct airdrops.
[Candy] The token given by the project party is called candy.
[Wallet] Generally refers to a blockchain wallet, a place where you can store your digital currency assets, and has good security. It is divided into cold wallets and hot wallets. It is not recommended to use if the newcomer does not understand it.
[Cold wallet] Simply put, it is a wallet that is not connected to the Internet, also called an offline wallet. Not connected to the Internet will be more secure than a hot wallet.
[Hot Wallet] is a wallet that stays online, that is, an online wallet.
【White Paper】Specially refers to the official document of the company’s (project) product introduction. It is usually used to judge the quality of the project and its application scenarios.
[Circulation market value] Circulation value = circulation × latest price; refers to the circulation value of a currency’s circulation calculated at market prices.
[Telegram Group] A foreign encrypted social software needs to be used with a ladder.
[Ladder] Also known as the scientific Internet, it refers to V-P-N, why the horizontal line is added, because it is more sensitive, so I won’t introduce it. At present, the domestic networks of many exchanges cannot be directly logged in, and a ladder is needed to connect. If you want to know exactly how to get this thing, you need to ask your friends or groups around you.
【KYC】Identity verification usually requires ID or passport.
[Unplug the network cable] The user’s irony about the failure of the exchange server at a critical moment alluded to the fact that the exchange deliberately disconnected the server so that the user could not access it to achieve a certain purpose.
Conclusion：Technical terminology will be your first step to break the cryptocurrency puzzle. Knowing proper nouns will make your transactions easier and easier.
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