WEB3 Slangs

As the cryptocurrency and blockchain space continues to grow rapidly, we thought that sharing some of these slangs can be helpful in introducing you to the industry:

ALPHA - early investment advice or information that puts you ahead of the game

APEING IN - buying into an NFT project, perhaps without due diligence

STABLECOIN - a cryptocurrency with extremely low volatility, that has its market value pegged to some external reference such as the USD

STAKING - putting your tokens in to serve as a validator to the blockchain and receive a reward

BTFD - buy the f'ing dip, when a crypto price is dropping hard, that's the time to buy in.

BUIDL - build useful stuff, when crypto is dipping, building useful stuff proves that it's still valuable.

DEGEN - degenerate/gambler, someone shooting at all chances, possibly taking extreme risks

DYOR - do your own research before you invest in cryptos, buy NFTs etc.

FOMO - fear of missing out

FREN - friend

FUD - fear, uncertainty and doubt

HODL - holding on for dear life

REKT - wrecked, refers to a crypto trader who is ruined due to losses from a price crash.

RUGGED - when developers market a project to generate sales and then abandon it, taking existing profits and the project value (and buyer's NFT) goes to zero.

SHILL – unsolicited endorsing in public, promoting an NFT you're dropping or a coin you’ve invested in.

SWEEP THE FLOOR - buying NFTs in bulk at the floor or base price.

WHALE - individuals, institutions or exchanges that hold significant amounts of tokens of a particular cryptocurrency.

Special thanks to Misha Davinci for inspiring this post @mishadavinci on twitter