TIPS AND ABBREVIATIONS YOU NEED TO KNOW IN CRYPTO

 These are some short terms we use in crypto

   👇

DIP-  Decrease In Price


PUMP - Increase in price


BULL-  Bullish season (Pumps)


BEAR- Bearish season (Dumps)


DEFI- Decentralized Finance


DEX - Decentralized Exchange Pancakeswap, Poocoin, Uniswap, Sushswap, etc


CEX -Centralized Exchange e.g Binance, Bybit, Mexc etc


DW- Decentralized Wallets e.g Metamask, Trust wallet, Bitkeep wallet, Okx wallet etc


P2P -Peer to Peer


NFT- Non Fungible Token


ATH - All Time High


ATL - All Time Low


ALT- Altcoin e.g Ethereum,  Binance, Tron etc


DAPP -Decentralized Application 


DAO - Decentralized Organinzation


DYOR -Do Your Own Research 


NFA - Not A Financial Advice 


EVM- Ethereum Virtual Machine 


EVM Address - Ethereum address (polygon, CORE, BNB)


FOMO - Fear Of Missing Out


FUD - Fear Of Uncertainty and Doubts


HODL - Hold On For Dear Life


MC - Market Cap


LP - Liquidity Pool


KYC- Know Your Customer 

 

POS- Proof Of Stake


POW- Proof Of Work


ICO- Initial Cex Offering 


IDO -Initial Dex Offering 


IEO -Initial Exchange Offering 


Whale A wealthy person in crypto that hold large amount of Coins 


RUG PULL- A scam project or a project that later turns scam


Dev- Developer of a project ( dev nor be your papa)


AMA- Ask Me Anything 


PRESALE- A sale before a token launch 


AIRDROP - A reward for doing task. 


TELEGRAM AIRDROP  MINI APP- Apps inbuilt on telegram (Hot, Notcoin, Blum, Tapswap)

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