Every crypto users always hear several term like a
HODL, MOON and
DUMP. And most of them already know what is that meaning.
So, i will explain another terms that often exist in Crypto Project( like a ICO).
Whitepaper : a document presented by start-up with the intention of informing and encouraging investors to participate in start-up's ICO.
One Pager : a simple one page document that gives a high-level overview of a product, service and business.
Pre-ICO : Tokensale event run before ICO and price is cheaper than ICO.
AMA (Ask Me Anything) : a time when you can discuss with the team of project and run 1 or 2 hours.
Burn token : remove few of token to reduce total supply of that tokens.
POW : Proof of Work, a decentralized consensus mechanism that is done by mining algorithms by spending computational power.
POS : Proof of Stake, a decentralized consensus mechanism in which your existing stake in currency is used to mine or forge blocks to reach the consensus.
Roadmap : Simple way of explaining future developments planned for a blockchain platform.
ICO Team : People behind of project who create and develops that project.
If you have other terms of crypto, you can reply this.