Tokens

What does Tokens means?

These are cryptogenic representations of digital assets in a blockchain. You can view a token as the denomination of a cryptocurrency. Hence, they’re not crypto coins but built around blockchains like Ethereum.

Random Slangs

Right Click Save As

A scornful description of NFTs. People who don’t believe in NFTs often use this phrase to express how easy it is to acquire an NFT

IDO

IDO stands for “initial DEX offering.” DEX, in this case, is an acronym for “decentralized exchange.” Therefore, IDO is a form of an initial crowdfunding

InterPlanetary File System

Often shortened as IFPS, the Interplanetary File System is a distributed storage system that holds NFT data in a peer-to-peer fashion. IFPS writes data to

YOLO

A short form of “You only live once.” This acronym isn’t limited to the NFT or crypto world only. Many people use it on social

Gas Fee

This is the amount paid in crypto for transacting on a particular blockchain. The gas fee is typically a fraction of the native coin of