Rugpull

What does Rugpull means?

It’s a cryptocurrency scam where all project owners pull out all resources, including investors’ funds— it usually happens after everyone interested in the project due to its perceived prospect has invested.

Random Slangs

Seed hash

These are randomly generated sequence of values that encrypts transaction keys in cryptography. While the “hash” function handles encryption, the “seed” function helps generate unique

NFT

NFT stands for “non-fungible token.” An NFT is a non-replaceable token that tracks digital assets on the blockchain. Each NFT is uniquely tied to a

OS

An abbreviation of “OpenSea,” one of the largest NFT marketplaces. The NFT community often refers to OpenSea as OS on social platforms like Twitter and

Utility token

A token that gives owners access to a specific tool or privilege within a particular crypto ecosystem. NFT creators often use utility tokens to raise

ERC-721

ERC-721 is a set of standards that provides guides for creating non-fungible tokens (NFTs). This is in contrast to ERC-20, which is for creating fungible