IDO

What does IDO means?

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 process where a development team sells its token to its community via DEX.

Random Slangs

Open editions

These are NFTs offering an unlimited number of mints within a specified time frame. As opposed to limited editions, collectors can mint as much as

NFA

An acronym for “Not financial advice.” For instance, you might call an NFT community to action but warn them that it’s NFA. Examples A usage

Alpha

Having access to important insider information. For example, one may say “I work at Opensea, so I have Alpha on the new artists that we’re partnering with next month”

McDonald’s

It’s used jokingly as an alternative career to a failed NFT investment. The NFT community uses it comically as the career option to fall on

Solidity

A free, object-oriented programming language for coding blockchain smart contracts. Solidity is relatively new compared to languages like Python and JavaScript.