📖Terminology

A small dictionary of terms for quick reference

Cryptocurrency: Digital or virtual currency that uses cryptography for security. It operates independently from a central bank and can be used for online transactions.

Token: A digital asset representing ownership or access rights within a specific blockchain or project.

USDT: USDT stands for "Tether," which is a type of cryptocurrency known as a stablecoin. It is designed to maintain a stable value by being pegged to the value of a specific fiat currency, such as the US dollar.

DEX/CEX: DEX stands for "Decentralized Exchange," which is a platform for trading cryptocurrencies directly between users without the need for intermediaries. CEX stands for "Centralized Exchange," which is a more traditional exchange where transactions are facilitated by a centralized authority.

Smart Contract: A self-executing contract with the terms of the agreement written into code. It automatically executes the terms when predefined conditions are met.

Staking: The process of holding or locking up a cryptocurrency in a wallet to support the operations of a blockchain network. In return, participants may earn rewards or additional tokens.

Liquidity Pool: A pool of tokens locked in a smart contract that provides liquidity for a decentralized exchange. It allows users to trade tokens more easily by ensuring there are enough tokens available for trading.

PancakeSwap: PancakeSwap is a decentralized exchange (DEX) built on the BNB Chain. It allows users to trade cryptocurrencies and participate in liquidity provisions.

Age Rating: A classification or rating given to a game or content based on its suitability for different age groups. It helps inform users about the appropriate age range for accessing or playing the content.

Crypto Trading: The buying, selling, and exchanging of cryptocurrencies with the aim of making a profit. It involves speculating on the price movements of cryptocurrencies.

NFT: NFT stands for "Non-Fungible Token." It is a unique digital asset that represents ownership or proof of authenticity of a specific item, artwork, or collectible.

Demographic: Refers to a specific group of people categorized based on various characteristics such as age, gender, location, interests, or other relevant factors.

Trading Pair: In cryptocurrency trading, a trading pair refers to two different cryptocurrencies that can be traded against each other. For example, Bitcoin (BTC)/Ethereum (ETH) is a trading pair, where one can be exchanged for the other.

Buybacks: The process where the PD repurchases its own tokens or shares from the market. This can be done to provide liquidity or support token value.

Treasury: A dedicated fund or reserve set aside by a PD to facilitate the repurchase of its tokens from the market.

Token Burn: The process of permanently removing a specific number of tokens from circulation, typically done to reduce the total supply and increase the scarcity or value of the remaining tokens.

Asset Management: A professional handling and oversight of digital assets like cryptocurrencies. This includes activities such as investing, trading, storing, and managing of these assets. The goal is to optimize returns while managing risks, often through strategies like diversification, analysis of market trends, and ensuring compliance with regulatory requirements.