When you receive a digital asset or token for participating in a new protocol or service for free
Maxi
Someone who believes that their chain of choice is the only real chain and everything else is a scam
Floor
The minimum price of an NFT in a collection
Burn
To send a token or NFT to the null address on a chain that nobody can access
Degen
Person who buys tokens or NFTs without doing any research and operating purely off profit potential or vibes
NGMI
Not Gonna Make It ☹️
PFP
An NFT that is used as a profile picture.
Probably Nothing
Probably something!
Wen
When?
Rinkeby Testnet
A testnet for the Ethereum blockchain.
Right click saves
A rational person claiming that an NFT isn’t unique, it can just be right click saved.
GN
good night 😴 Just the opposite of gn, same origin.
Wen Airdrop
A degen asking when is the date of the token being offered to the public.
Web3
A new generation of the internet where you can read-write-own.
Wen Mint
A degen asking when is the date that a person can mint an NFT.
Doxxed
When your wallet identity has been compromised.
NFT
Non-Fungible Token.
Staking
A way of earning rewards for holding certain cryptocurrencies.
Drop Your ENS
Drop your wallet address to receive an airdrop (NFT or token). Thank you to the intern at PartyRound for ;;)
Stablecoin
Cryptocurrency pegged to the dollar or other more stable asset, primarily to help hedge against volatility. Examples of stablecoins include Tether (USDT) and USD Coin (USDC).
FUD
News around an asset that seems negative, but turns out to be false or blown out of proportion.
DAO
Decentralized Autonomous Organization, an organization that is governed through code. It is transparent, and governance decisions will be made through token voting.
ERC-721
An Ethereum token standard that allows for the formation of unique tokens, otherwise known as NFTs, or non-fungible tokens. Unlike the ERC-20 standard, ERC-721 tokens have specific properties that allow each to be uniquely identified and valued independently of one another.
Fork
A change to a blockchain’s protocol. When these changes are minor, this results in a soft fork. When the changes are more fundamental, this may result in a hard fork, leading to the formation of a separate chain with different rules.
ERC-20
The Ethereum token standard, providing a standardized smart contract structure for fungible tokens.
HODL
Hold On For Dear Life.
ERC-1155
An Ethereum token standard which allows for fungible, non-fungible, and semi-fungible tokens to be managed by a single smart contract simultaneously. These are commonly used in gaming and collectible trading to reduce the number of necessary transactions.
ERC
The standard smart contract outline on which Ethereum-based smart contracts are built.
Gas
The fee (in ETH) you have to pay for executing smart contracts. The more computational effort required to run the contract (i.e. the more complex it is), the higher the gas fee.
POAP
POAPs (Proof Of Attendance Protocol) are exclusive Ethereum-based NFT badges given to you for participating or attending special events
. The events can be in the physical world, online, or in the metaverse.
Smart contract
A programmable, self-running code that enables transactions to be executed between two parties without the need for them to trust each other. Big picture, it runs like an if-then statement. If conditions met, then carry out transaction.
gm
Yes, gm to you too.
gm is an abbreviation to good morning originated from a testflight app called gm. This was a time where VCs were hunting for the next big thing from testflight apps and gm was made as a joke to the VCs.
WAGMI
We’re All Gonna Make It. Yes serr
Rug pull
Major sus, basically a scam move where an NFT or crypto project takes its funding and skedaddles.
