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WEB3 Slangs

Updated: Apr 29

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


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