Glossary of Terms
1. Blockchain: A decentralized and distributed digital ledger used to record transactions across multiple computers in a way that ensures the security and integrity of the data.
2. Cryptocurrency: Digital or virtual currency that uses cryptography for security and operates independently of a central bank.
3. DeFi (Decentralized Finance): A movement that leverages decentralized networks to transform traditional financial products into trustless and transparent protocols that operate without intermediaries.
4. Dapp (Decentralized Application): Software built on a blockchain, making it decentralized and immune to control from a single entity.
5. Token: A type of cryptocurrency that represents an asset or a utility on a particular project.
6. Tokenomics: The study of the supply and demand characteristics of cryptocurrency tokens, including their creation, distribution, and destruction.
7. Market Cap: The total value of a cryptocurrency, calculated by multiplying the current price by the number of coins in circulation.
8. CEX (Centralized Exchange): Online platforms where cryptocurrencies can be exchanged for fiat currencies or other cryptocurrencies. These exchanges are operated by centralized companies.
9. DEX (Decentralized Exchange): Platforms that allow peer-to-peer trading of cryptocurrencies. They operate without a central authority or middleman.
10. Smart Contract: A self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code.
11. Sacrifice Mechanism: A system in which token holders choose to forego or "sacrifice" their tokens for certain advantages or in support of a cause.
12. Shareholding Points: Points awarded to users or token holders which may represent a stake or interest in a project, often allowing them to earn rewards or have voting rights.
13. Buy Tax & Sell Tax: Fees imposed on the buying and selling of tokens, usually redistributed for various purposes such as rewards, development, and marketing.
14. Fair Launch: A method of launching a new cryptocurrency without having a pre-sale, ensuring that early adopters don't have an unfair advantage.
15. Whitepaper: An authoritative report or guide that provides a deeper understanding of a complex issue, typically proposing a solution or detailing a new concept, especially in the context of cryptocurrencies.
16. AMA (Ask Me Anything): An interactive online question and answer session, often hosted by project founders or key team members to address community inquiries.
17. Market Validation: The process of determining whether a product or service will be of interest to a particular target market.
18. Allocation: The process of setting aside or earmarking tokens for a particular purpose, such as founder rewards, community giveaways, or development.
19. Staking: The act of holding and locking up a quantity of a cryptocurrency in a wallet to support operations like validating transactions, securing the network, and earning rewards.
20. Liquidity: The ability to quickly sell or buy without causing a drastic change in the asset's price. In crypto, liquidity often refers to the amount of an asset available in trading pairs on exchanges.
This glossary provides a foundational understanding of the terms commonly used within the Crypto-Strikers ecosystem and the broader cryptocurrency world. For more in-depth explanations and to stay updated on new terminologies, always refer to our official communication channels.
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