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A bot is an automated program bearing instructions to execute a specific task. Discord bots are good examples of how the NFT community uses bots in real-life.
For instance, a Discord community can assign bots to welcome new members or kick violators out. However, some traders and collectors in crypto and NFT communities also depend on bots for minting and trading. Botting is often a problem in NFT minting, as their activities can prevent real humans from minting.
Gas war results from conflicting transactions on the blockchain, where the volume of NFTs available are lesser than the number of wallet addresses minting the
In crypto, “exchange,” also known as a “crypto exchange,” describes a platform where people can trade cryptocurrencies. Therefore, you can swap from one crypto to
Buying an NFT in bulk at its lowest price, probably below or at the FP rate. For instance, project owners can sweep the floor of
As opposed to non-fungibility, fungibility means replaceability. It describes the ability of an item to be tradable or exchangeable for other commodities. For instance, cryptocurrencies
Generating a certain amount of cryptocurrency before its public release or launch. It’s a way to reward early supporters and founders of a crypto project.