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KYC

What does KYC means?

KYC is an acronym for “know your customer,” often required as a registration phase in crypto trading apps like Binance. The purpose of KYC is for identity verification, to ensure that a customer is who they claim to be. A typical KYC involves ID verification, fingerprint, and facial capture, among many others.

Random Slangs

ENS (.eth)

A short form of “Ethereum Name Service.” ENS is the blockchain naming standard for the Ethereum network. It helps shorten wallets and dApps names, transforming

Mods

A short way of writing “moderators.” Mods are individuals appointed by an NFT community to maintain healthy communication on Discord and other collaborative platforms. Depending

NGMI

An acronym for “Not going to make it.” It’s the opposite form of “GMI.” The NFT and crypto community use this term to express hopelessness.

Blockchain

The blockchain is a chain of servers containing several nodes that record cryptocurrency transaction ledgers in a decentralized format. The blockchain is difficult to hack

IDK

A short way to say, “I don’t know.” It’s an honest way to express a lack of idea about a subject matter. And besides NFT,

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