NFTslangs.com

NFTslangs.com

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Whale

What does Whale means?

They’re an influential personality in a crypto network (characterized by having huge capital whose decision can make or mare a project). For instance, a project value might drop if a Whale pulls out. Similarly, a Whale might boost a project value by buying more of an NFT.

Random Slangs

Snag

To quickly buy an NFT due to a price drop. People often use it synonymously as sniping. For instance, someone might tell you to snag

ICO

A short form of “initial coin offering.” It’s an early fundraising process for a crypto project, where a project development team sells its tokens to

Gas war

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

Discord

A community-based chatting platform where members of an NFT community interact and disseminate information. Discord’s structure features a server with many communication channels. The server

Rugpull

It’s a cryptocurrency scam where all project owners pull out all resources, including investors’ funds— it usually happens after everyone interested in the project due

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