Good morning my people, I was just browsing through the Internet so I just saw these crypto slangs that am very sure that not all crypto enthusiastic knew off, so I just which to share
LinkI don't know if person don post something like before but everywhere good, newbies dy sign up into the forum everyday, so no be bad thing if them just get know about these abbreviations and their meaning.
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HODL: Hold on for dear life, na terms we normally use to refer to holding of your bitcoin.
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FOMO: Fear of missing out, na the fear of missing an opportunity in this crypto space.
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DYOR: Do your own research, this one na something wey just be like warning to everyone, including veterans in the crypto space, no just believe anything without doing ur own findings.
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FUD: Fear, Uncertainty and Doubt, FUD is a psychological tactic involving the the spreading of misinformation to create a negative perception of a particular product, coin or market.
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GM: Good morning
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ATH: All Time High, as the name implies, na the highest price a particular crypto coin don reach since e enter market.
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BTD: The short form for
Buy the dip. _
DeFi: Decentralized finance, refer to a financial application built on block chain technology.
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DAO: Decentralized Autonomous Organization, is a structure that operates without intermediaries or external supervision.
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dApp: Decentralized application, operates on block chain technology.
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DEX: Decentralized Exchange is a trading platform that allows user to exchange digital asset in peer to peer manner without intermediaries.
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CEX: Centralized exchange is the direct opposite of DEX.
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KYC: Know your customer refer to an identity verification procedure required by Centralized exchange.
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LFG: Let's F-ingGo! Is an expression of excitement.
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IYKYK: If you know, you know " as the statement show, na only people wey know, nai know.
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EVM: Ethereum Virtual Machine is the computing environment thar runs application and smart contract.
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2FA: Two factor authentication is a security measures requiring an additional verification.
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PnD: pump and dump dy mostly happen in most of this shit coin, where the price go high well well then e fo come collapse overnight.
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NGU: Numbers goes up
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TxID: Transaction ID is a unique identifier for tracking transactions on block chain network.
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ICO: Initial Coin offering.
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STO: Security token offering.
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P2P: Peer to peer refer to a direct transaction between users, without intermediaries.
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ERC: Ethereum request for comments.
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SHILL: Refers to an aggressive promotions of a particular crypto coin to attract investors.
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WHALE: A term for investors holding large amounts of cryptocurrency.
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ROI: Return on investment
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RUG PULL: A scam where a developer artificially inflate the value of a crypto before abandoning the project, leading to a sharp price decline.
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FAUCET: A website that distribute small amount of free crypto.
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LAMBO: Short for for Lamborghini
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OG: Original Gangstar in crypto refers to the earlier adopters who were involved in the industry before it became popular.
