Floor

What does Floor means?

Often described as the floor price, it’s the lowest selling price of a digital product. The lower the floor of an NFT, the more valuable it is. And when that happens, only fewer people can afford it. For instance, an NFT with a 250 SOL floor is highly valuable relative to the others in the Solana ecosystem.

Random Slangs

Decentralized apps (dApps)

Apps or programs that execute tasks within the decentralized or blockchain ecosystem. Generally, dApps run on smart contracts and are autonomous. Examples OpenSea, Magic Eden,

Ded

The NFT way of typing the word “dead.” It’s used when an NFT project goes down the drain from a pump and dump or rug

Liquidity

Liquidity measures the ease of swapping from one token to another or converting a cryptocurrency to stable coins like USDT.

Gwei

Gwei is the one-billionth of one ETH (1 ETH is 1000,000,000 Gwei). It’s a denomination of ETH, also called a nanoether, due to its value

Simp / Simping

A person that desperately seeks a woman’s attention with their cryptocurrency or NFT. Generally, it describes someone who expresses extreme passion towards another person without