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Snipe

What does Snipe means?

Used when someone buys a rare NFT at a price below its actual value. Essentially, it means a profitable deal on an NFT. Someone might say they “sniped” an Okay Bears, for instance. Some NFT collectors take sniping as a job of finding rare NFTs listed far below their original value. Sniping is typically a competition among NFT traders since the fastest hand wins.

Collectors sometimes resort to bot-sniping to find these rare treasures. Examples of such bots are the NFT Rarity Sniper Discord Bot announced by @DeGodsNFT.

Examples:

Here are some usage examples of “snipe” from Twitter:

  1. This tweet by @Chris_NFToken:
    “Any good? Just a bit overwhelmed from all those tons of new projects every day… But yeah had to snipe this coral crown 4 sure!

    @meka_bears.“
  2. “What a snipe.”

Random Slangs

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

Ape-ing (into something)

When you ‘ape into’ something, it means that you’re buying something in an irresponsible manner and typically out of “FOMO”, and/or without doing your due diligence.

Mining

It’s the cryptocurrency generation process. And it involves adding verified blocks to the blockchain to maintain its integrity through a proof of work (PoW) process.

Generative art

Generative art is digital art that creates itself continuously through artificial intelligence. Generally, a programmed system automatically generates these artworks—of course, with an added effort

Noob / Pleb

An NFT or crypto beginner. Generally, someone not knowledgeable about a subject matter is called a Pleb or Noob. But the NFT community has adopted it to describe

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