When you receive a digital asset or token for participating in a new protocol or service for free
Burn
To send a token or NFT to the null address on a chain that nobody can access
DAO
Decentralized Autonomous Organization, an organization that is governed through code. It is transparent, and governance decisions will be made through token voting.
Degen
Person who buys tokens or NFTs without doing any research and operating purely off profit potential or vibes
Doxxed
When your wallet identity has been compromised.
Drop Your ENS
Drop your wallet address to receive an airdrop (NFT or token). Thank you to the intern at PartyRound for ;;)
ERC
The standard smart contract outline on which Ethereum-based smart contracts are built.
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-20
The Ethereum token standard, providing a standardized smart contract structure for fungible tokens.
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.
Floor
The minimum price of an NFT in a collection
Fork
A change to a blockchainâs 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.
FUD
News around an asset that seems negative, but turns out to be false or blown out of proportion.
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.
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.
GN
good night đ´Â Just the opposite of gn, same origin.
HODL
Hold On For Dear Life.
Maxi
Someone who believes that their chain of choice is the only real chain and everything else is a scam
NFT
Non-Fungible Token.
NGMI
Not Gonna Make It âšď¸
PFP
An NFT that is used as a profile picture.
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.
Probably Nothing
Probably something!
Right click saves
A rational person claiming that an NFT isnât unique, it can just be right click saved.
Rinkeby Testnet
A testnet for the Ethereum blockchain.
Rug pull
Major sus, basically a scam move where an NFT or crypto project takes its funding and skedaddles.
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.
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).
Staking
A way of earning rewards for holding certain cryptocurrencies.
WAGMI
Weâre All Gonna Make It. Yes serr
Web3
A new generation of the internet where you can read-write-own.
Wen
When?
Wen Airdrop
A degen asking when is the date of the token being offered to the public.
Wen Mint
A degen asking when is the date that a person can mint an NFT.
