Cryptocurrency Terminology

Cryptocurrency Terminology

Here at RoboFi, we strive to make the platform’s more technical aspects easy to understand. When it comes to automated trading, we understand that language might be difficult to understand.

This core Glossary has been established to assist you to understand many of the phrases you will encounter while trading with RoboFi.

Decentralized API (dAPI): API services that are organically compatible with blockchain technology are referred to as decentralized application programming interfaces (dAPIs). The API3 protocol has created this innovation.

Shielded Transaction: Essentially, a shielded transaction is a transaction between two shielded addresses.

1hr: Stands for data for the past 1 hour.

24hr: Stands for data for the past 24 hours.

30d: Stands for data for the past 30 days.

51% Attack: If more than half of the computing power or mining hash rate of a network is controlled by a single individual or organization, a 51 percent attack is in effect.

7d: Stands for data for the past 7 days.

Abstract: The abstract is something that exists as a notion in the mind.

Account: Accounts are primarily used to monitor the financial operations of a certain asset/liability.

Accounting Token: As with any spreadsheet-based accounting system, accounting tokens are essentially tokenized credit or debit entries (IOU/UOM).

Accumulation/Distribution Indicator: The accumulation/distribution indicator calculates the level of supply and demand for a stock/asset/cryptocurrency by multiplying the period’s closing price by its volume.

Adam Back: Adam Back is an internationally recognized British cryptographer, cypherpunk, and crypto industry figure.

Adaptive State Sharding: Adaptive State Sharding is an approach that integrates all sorts of sharding into one to increase communication and performance. Elrond employs this technique.

Airdrop: A marketing effort that distributes a certain cryptocurrency or token to a target demographic.

Algorithm: A procedure or set of rules to be followed while solving problems or doing calculations, typically by a computer.

All-Time-High (ATH): The highest point (in price, in market capitalization) that a cryptocurrency has ever reached in its history (ATH).

All-Time-Low (ATL): The lowest point (in price, in market capitalization) a cryptocurrency has ever reached in its history (ATL).

Allocation: Allocation refers to the allocation of equity or tokens that may be earned, purchased, or reserved for a particular team, group, investor, institution, or other entity.

Altcoin: As Bitcoin was the first cryptocurrency to catch the interest of the world, all other coins were afterward referred to as “altcoins,” or “alternative coins.”

Annual Percentage Rate (APR): Annual percentage rate indicates the amount of interest a borrower must pay annually (APR). To calculate the annual percentage rate (APR), multiply the monthly interest rate by the number of periods in a year that the periodic rate is used

Annual Percentage Yield (APY): Annual percentage yield (APY) is the rate of return earned over the course of one year on a certain investment. Compounding interest, which is computed periodically and applied to the amount, is factored into the APY.
Arbitrage: Arbitrage is the process of rapidly purchasing and selling the same item on several marketplaces in order to profit from price variations.

Augmented Reality (AR): Augmented Reality (AR) is an immersive experience that enhances the value and utility of real-world objects by the transmission of computer-generated, intuitive data to a range of sensory modalities.

Burn/Burned: When cryptocurrency tokens or coins are intentionally and permanently removed from circulation, they are dubbed “burned.”

Bull Trap: A bull trap happens when a continuously sinking asset feigns a reversal and an upward trend, but quickly continues its downward trajectory.

Bull Run: A bull run (sometimes referred to as a bull trend) is a period of time in the financial market during which the prices of particular assets are consistently increasing.

Bull Market: In crypto and stock markets, a bull market is a period during which asset prices increase substantially. These markets serve as an incentive for both investors and consumers.

Bull: A person who is hopeful and certain that market prices will rise is said to as “bullish” towards the market or pricing.

Blockchain Transmission Protocol (BTP): Blockchain Transmission Protocol (BTP) enables blockchains to function as a completely decentralized settlement layer by universally anchoring transactions via a secure protocol.

Blockchain: A distributed ledger system. A series of blocks or units of digital information that are sequentially stored in a public database. The foundation of cryptocurrency.

Bitcoin Pizza: Bitcoin Pizza is a reference to the infamous incident in which a man named Laszlo Hanyecz paid 10,000 Bitcoins for two pizzas, which was the first Bitcoin business transaction in the real world.

Bid-Ask Spread: The difference between the greatest price a buyer is ready to pay for an item and the lowest price a seller is willing to accept is the bid-ask spread.

BEP-20: BEP-20 is a Binance Smart Chain token standard that was developed to augment ERC-20.

Benchmark Index: A benchmark index is prominent index security that serves as a gauge or standard against which market performance can be measured.
Bearwhale: A bearwhale is a person who owns a large number of cryptocurrencies and uses their big account to profit by driving the price down.

Bear Trap: The attempt to manipulate the price of a particular cryptocurrency by the coordinated actions of a group of traders.

Bear Market: When the prices of assets in a market decline by at least 20 percent from recent highs, this is known as a bear market. Consequently, investor confidence is low and the economy and market become negative.

Bear: A person who believes that prices on a specific market will drop over time. Such an individual could be described as “bearish.”

Bagholder: An investor who continues to hold huge quantities of a particular coin or token despite its performance.

Candlesticks: A candlestick chart is a method of displaying price fluctuations over time. Each candle contains four data points: the opening price, the closing price, the high, and the low. Also called “c”

Contract: A contract is a binding agreement between two parties in conventional finance. Smart contracts in cryptocurrencies conduct functions on the blockchain.

Cross Margin: Cross-margin mode permits traders to open several trades utilizing their account balance as collateral.

Decentralized Applications (DApps): A sort of program that operates on a decentralized network in order to avoid a single point of failure.

Decentralized Autonomous Organizations (DAO): A decentralized autonomous organization (DAO) is formed and administered by a set of computer-defined rules and smart contracts based on blockchain technology.

Decentralized Exchange (DEX): A peer-to-peer exchange that enables users to trade cryptocurrencies directly with one another.

DeFi: A movement that promotes alternatives to conventional, centralized financial services.

Delisting: Delisting is the process of removing an asset/stock/cryptocurrency from a trading exchange.

DYOR: The acronym of Do Your Own Research — encouraging investors to complete due diligence on a project before investing.

Enterprise Blockchain: The application of distributed ledger technology for non-speculative corporate reasons is enterprise blockchain. Private or public, these supply chains are suited to the demands of businesses.

Exchange: Companies that facilitate the exchange of cryptocurrencies for fiat currency or other cryptocurrencies.

Exit Scam: An exit scam is a scheme in which projects vanish (or cease operations) after accumulating investor funds.

ERC-20: Tokens are designed and used solely on the Ethereum platform.

Event Triggers: Smart contracts can emit events and publish logs to the blockchain when a transaction is mined, which the front end can then process.

Fiat: Fiat currency is “legal tender” supported by a central authority, like the Federal Reserve, and its own financial system, like fractional reserve banking.

First In, First Out: First-in, first-out (FIFO) is an inventory procedure used to determine your tax cost basis

FOMO: An acronym that stands for “Fear of Missing Out.”

Fungible: The fungibility of a cryptocurrency coin or token is when it may be exchanged for any other identical coin or token.

Futures: Futures contracts are conventional legal agreements to acquire or sell a certain commodity or asset at a defined price at a future date.

Green Candle: A green candle is an indication of the stock closing higher than the opening price.

Governance Token: A governance token is a token that may be used to vote on ecosystem-affecting decisions.

GitHub: GitHub is one of the most popular platforms for hosting code, enabling developers to collaborate on a variety of projects.

Gas Price: A phrase used on the Ethereum platform to describe the transaction fee you are ready to pay.

Gas: On the Ethereum platform, this phrase refers to a unit for measuring the computational effort required to make transactions, execute smart contracts, or start decentralized applications.

Gains: Gains refer to an increase in value or profit.

GameFi: GameFi, also referred to as play-to-earn (P2E) games, is a relatively new phrase in the gaming and cryptocurrency industries.

Hyperinflation: Hyperinflation is the unrestrained increase in the prices of goods and services in an economy. It occurs when resources, such as gas or food, become scarce.

Huobi BTC (HBTC): Huobi BTC, also known as HBTC, is a standard ERC-20 token linked to BTC at a 1:1 ratio.

HODL: A form of passive investment strategy in which an investment is held for an extended length of time, regardless of price or market fluctuations. The word first gained notoriety due to a typing error.

Hedge Contract: Investors employ hedging contracts as a type of protection against the risk of financial loss. Typically, a hedge is intended to protect against market price swings.

Hard Fork Combinator: A hard fork combinator (originally created by IOHK) is a tool for combining protocols on the Cardano blockchain following a hard fork.

Hidden Cap: The hidden cap is an undetermined limit on the amount of capital a team chooses to raise from investors in its initial coin offering (ICO)

In-the-Money / Out-of-the-Money: In-the-money and out-of-the-money are options trading strategies that provide investors with extra market-management capabilities.

Inflation: A general increase in prices and a fall in the purchasing value of money.

Initial Bounty Offering (IBO): A innovative method of beginning a project that emphasizes skill contributions to a platform rather than monetary contributions.

Initial Coin Offering (ICO): Initial Coin Offering (ICO) is a sort of crowdsourcing or crowdsale that utilizes cryptocurrencies to raise funds for early-stage firms.

Initial Dex Offering (IDO): An initial dex offering (IDX) is an alternative to an initial coin offering (ICO).

Initial Exchange Offering: A form of crowdfunding in which cryptocurrency startups raise funds by listing on an exchange.

Isolated Margin: Isolated margin mode enables users to isolate the margin used by their position, limiting their possible exposure to the original margin selected.

JOMO: The opposite state of JOMO stands for “Joy of Missing Out.”

JavaScript: JavaScript is an advanced, potent, dynamic, and lightweight programming language. It is widely employed by web-based apps.

Jager: The smallest denomination of Binance Coin (BNB) is called Jager.

Java: Java is a class-based and object-oriented general-purpose programming language.

Know Your Customer (KYC): Know Your Customer checks are required for crypto exchanges and trading platforms to confirm the identity of their consumers.

Keylogger: Hackers frequently employ keyloggers or keystroke recording software to record the keystrokes of computer users.

Klinger Oscillator: The Klinger volume oscillator is a volume-based technical indicator that analyzes volume to price to predict financial market price reversals.

Lambo: Many crypto fans hope to purchase a “moon vehicle” when the value of their digital assets “moons,” or increases dramatically.

Law of Accelerating Returns: Ray Kurzweil proposed the Law of Accelerating Returns based on the fact that technologies (or any evolutionary system) tend to grow exponentially.

Liquidation: Liquidation is the process of exchanging an asset or cryptocurrency for fiat cash or its equivalents.

Liquidity: The ease with which a cryptocurrency can be bought and sold without affecting the market price as a whole.

Limit Order: A limit order is an order to buy or sell a security at a stated or better price.

Large Cap: Large-cap or big cap refers to well-established projects and organizations that have a market valuation of $10 billion or more.

Mainnet: A decentralized blockchain with its own network, technology, and protocol.

Mainnet Swap: Mainnet swap refers to a cryptocurrency project’s transition from one blockchain network to another (which in most cases is its own native blockchain network).

Man-in-the-Middle Attack (MITM): A man-in-the-middle (MITM) assault is a broad name for a cyberattack in which a perpetrator inserts himself in the middle of a discussion between two parties in order to listen on the conversation in secret.

Market Capitalization/Market Cap/MCAP: Capitalization of the price of a cryptocurrency. It is one of the measures used to determine the relative size of a cryptocurrency.

Market Order/Market Buy/Market Sell: A purchase or sale of a cryptocurrency on an exchange at the current best available price.

Market: An area or arena, online or offline, in which commercial dealings are conducted.

Max Supply: The best estimate of the maximum number of coins that will ever exist over the lifetime of the cryptocurrency.

MetaMask: A web-based digital wallet that enables users to manage, send, and receive Ethereum, running as a browser plugin.

Metaverse: A metaverse is a digital environment that encompasses all characteristics of the physical universe, including real-time interactions and economics. It offers end-users a unique experience.

Miners: People who add blocks to a blockchain and take part in mining. They can be professional miners, organizations with large-scale operations, or hobbyists who set up mining rigs at home or at the office.

Minimum Viable Product (MVP): A minimum viable product (MVP) is a product with just enough features to attract early-adopter customers and test a product idea.

Mining: The process of adding blocks to a blockchain, which verifies transactions. It’s also the way that new bitcoins or some other altcoins are made.

Minting: Minting is the process of making new coins with the proof-of-stake system and putting them into circulation so that they can be traded.

Moon: A situation in which the price of a cryptocurrency goes up and up and up. “When moon?” is often used in cryptocurrency communities to ask when something like this will happen.

Network: A network is comprised of all nodes involved in the operation of a blockchain at any one time.

Newb: A newb is someone that is new to a given industry.

Non-fungible Assets: The term “non-fungible assets” refers to the non-fungibility of a group of similar assets issued by a single entity.

Non-Fungible Token (NFT): Non-fungible tokens (NFTs) are cryptocurrencies that lack the fungibility attribute.

Oversold: When an increasing number of investors sell a cryptocurrency over time, causing its price to decline for an extended period.

Overbought: When a cryptocurrency has been purchased by an increasing number of investors over time, resulting in a sustained price increase.

Open Source: Open source is a concept in which people believe in the free and open exchange of knowledge for the greater good of the community.

Option: A contract that grants the buyer the right, but not the duty, to purchase or sell an underlying asset or instrument at a defined strike price.

Pump and Dump (P&D) Scheme: A type of fraud in which the price of a cryptocurrency is artificially inflated through false and deceptive positive remarks.

Public Address: A public address is the cryptographic hash of a public key, which a user can use to seek payment.

Protocol: The set of rules that define network interactions, typically include consensus, transaction validation, and network participation on a blockchain.

Proof-of-Work (PoW): A blockchain consensus process that uses the solution of computationally difficult puzzles to validate transactions and create new blocks (PoS).

Proof-of-Stake (PoS): In addition to Proof-of-Work, a blockchain consensus mechanism that protects the integrity of the blockchain.

Play-to-Earn (Play2Earn): Play-to-earn blockchain games are one of the most significant new ways to earn money through playing games.

Phishing: When a con artist impersonates a reputable institution or person in order to get sensitive information such as Social Security numbers, passwords, and financial information.

Paper Trading: Paper trading or simulated trading is the activity of simulating trading without the use of actual capital by employing a virtual transactional environment.

QR Code: A label that is machine-readable and encodes information into a graphic black-and-white pattern.

Quantum Computing: A computer that utilizes quantum mechanical processes to do computations significantly more efficiently than conventional, classical computer technology.

Quantum Bit (Qubit): A unit of measurement for the number of bits in quantum information, and is also called a “qubit.”

Rug Pull: A rug pull is a sort of fraud in which developers quit a project and steal money from investors.

ROI: Short for “Return on Investment,” the ratio between the net profit and cost of investing.

Roadmap: A roadmap is a high-level graphic description that assists in outlining the vision and direction of a particular product.

REKT: A shorthand slang for “wrecked,” describing a bad loss in a trade.

Rebalancing: Rebalancing is the practice of realigning the weighting of a portfolio of assets by the periodic purchase or sale of assets to maintain the desired level of asset allocation and risk.

Radio Frequency Identification (RFID): RFID is a form of technology that uses radio waves to passively identify an item or person that has been tagged.

Supply and Demand: The levels of supply and demand in an economy determine, respectively, the market’s propensity to purchase or sell assets or services.

Storage (Decentralized): Decentralized storage is the concept of keeping data online by dividing them into encrypted fragments and delegating these fragments to different nodes of a distributed network, such as blockchain.

Stop-Loss Order: A stop-loss order in trading enables investors to specify the lowest price at which they are willing to sell an asset and to automatically place a sell order when this price is reached.

Staking Pool: The Staking Pools feature enables users to pool their resources in order to boost their chances of receiving prizes. This approach provides the network with greater staking power to verify and validate new blocks.

Staking: Putting your tokens into a proof-of-stake (PoS) system in order to serve as a blockchain validator and collect incentives.

Stablecoin: A cryptocurrency with extremely low volatility that is occasionally used to diversify a portfolio. Examples include gold-backed cryptocurrencies and cryptocurrencies tied to fiat currency.

Spot Trading: Spot trading involves the immediate exchange of a financial instrument at the current price.

Spot Market: A public market in which cryptocurrencies are traded for immediate settlement. It contrasts with a futures market, in which settlement is due at a later date.

Spot: A contract or transaction involving the purchase or sale of a cryptocurrency for a quick settlement, payment, and delivery on the market.

Smart Token: Smart tokens are standard tokens that concurrently convey the value they contain as well as all the information required to perform a transaction.

Smart Contract: A smart contract is a mechanism designed to enable, verify, or enforce a blockchain-based contract without the need for third parties.

Slippage: Due to price volatility, slippage occurs when traders must accept a different price than what they initially asked.

Shitcoin: A coin with no obvious potential value or usage.

Shilling: The act of enthusiastically promoting a cryptocurrency or ICO project.

Seed Phrase: A single starting point when deriving keys for a deterministic wallet.

Scam: A scheme that is designed to dupe people out of cash or crypto.

Scammer: A scammer is someone that participates in a fraudulent scheme.

Trading Volume: During a given day’s trading hours, trade volume refers to the total number of shares (or tokens/coins) exchanged between buyers and sellers of a certain asset.

Trading Bot: A crypto trading bot is a program meant to automate the trading of cryptocurrency assets on behalf of the trader.

Total Value Locked (TVL): The total value locked represents the number of assets currently staked in a certain protocol.

Total Supply: The total number of coins now in circulation, minus the number of coins that have been verifiably burnt.

Tokenomics: Tokenomics is the science of token economics, which consists of a set of rules governing the development and supply of cryptocurrencies.

Testnet: An alternative blockchain used by developers for testing.

User Interface: The user interface is the user’s digital device-based interaction with a website or application.

Utility Token: Tokens that are designed specifically to be able to help people use something.

Use Case: A use case is a description of the interactions between a human or system actor and a system that result in an event.

Unregulated: Not governed by a centralized authority or a ruling intuition.

Volatility: A statistical measure of return dispersion based on the standard deviation or variance of returns for the same securities or market index.

Virtual Private Network (VPN): A virtual private network (VPN) is a technology that creates a secure, encrypted network from a public Internet connection, thereby providing anonymity and privacy.

Vesting Period: The act of restricting the sale of a token for a particular period of time.

Venture Capital: A sort of private equity that finances tiny, early-stage companies with great growth potential.

Whitepaper: A paper published by a cryptocurrency project that provides investors with technical details regarding its concept and growth strategy.

Whitelist: A list of participants in an initial coin offering who have registered their intent to purchase or participate.

Whale: A word used to characterize investors who possess an obscene quantity of cryptocurrency, particularly those with sufficient funds to manipulate the market.

Watchlist: A watchlist is a website feature that allows users to construct their own lists of cryptocurrencies to track. Alternative definition A watchlist is a collection of pages that a user has chosen to monitor for modifications.

Wallet: A place where cryptocurrency users can store, send and receive digital assets.

x86 Virtual Machine (Qtum): X86 Virtual Machine allows Qtum developers to construct smart contracts in their preferred programming language.

YTD: Stands for Year to Date.

Yield Sensitivity: The yield sensitivity or interest rate sensitivity of a fixed income asset is a measure of how much its price fluctuates in response to changes in interest rates.

Yield Farming: Yield farming is the practice of generating interest by investing cryptocurrency in decentralized financial marketplaces.

Yield Curve: The yield curve represents the relationship between the yields and maturities of fixed-income instruments.

Zero-Knowledge Proof: In cryptography, a zero-knowledge proof enables one party to offer evidence that a transaction or event occurred without revealing the transaction’s or event’s confidential information.

Zero Knowledge Rollups: A zero-knowledge rollup is a Layer 2 blockchain system that performs calculations and storage off-chain, while smart contracts hold funds.

Zero Confirmation Transaction: Alternative phrasing for an unconfirmed transaction.

About RoboFi

RoboFi (https://robofi.io/home/) is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the VICS token.

About VICS

VICS token has a distinctive and enticing concept. VICS is the BEP-20 token, built on the Binance smart chain. It is a core utility token in the RoboFi ecosystem, the reliable crypto trading bot marketplace. One important utility is to own the governance token of DABots and participate in an IBO (Initial Bot Offering) to receive additional incentives. VICS is available on major exchanges for trading.

Official Link

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