Misc / faq

Cryptocurrency, often referred to as “crypto,” is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (like euros or dollars), cryptocurrencies operate on decentralized networks based on blockchain technology.

Bitcoin is a decentralized digital currency that was introduced in 2008 by an anonymous person or group known as Satoshi Nakamoto. Unlike traditional currencies, Bitcoin operates without a central authority like a bank or government. Instead, it uses a technology called blockchain to secure and verify transactions.

For more information see also our Bitcoin page.

A cryptocurrency exchange is an online platform where users can buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, and others. These exchanges function similarly to traditional stock exchanges but are specifically designed for digital assets.

For more information see also our exchanges page.

A whale is a person or entity that holds a large amount of cryptocurrency.

Airdrops are a marketing tactic used by cryptocurrency projects to distribute their tokens to potential users.
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DYOR stands for “Do Your Own Research.” It’s a phrase commonly used in the cryptocurrency and investment communities to encourage individuals to independently verify information before making decisions. This helps prevent the spread of misinformation and protects against scams.

FOMO stands for “Fear of Missing Out”. It’s a feeling of anxiety or unease that you might be missing out on something exciting or missing out great profit with crypto tokens or other 'great' opportunities. This sensation is often amplified by social media, where people frequently share highlights of their lives, making others feel left out.

FUD stands for “Fear, Uncertainty, and Doubt”. It’s a tactic used to influence people’s perceptions by spreading negative, misleading, or false information. This can create a sense of fear and uncertainty, often leading to doubt about a particular product, service or investment.

HOLD means “Hold On for Dear Life”. Holding onto your cryptocurrency regardless of market volatility.

"WAGMI" is an acronym for "We're All Gonna Make It." It's popular in crypto and NFT communities to convey optimism and solidarity, suggesting that everyone involved is going to succeed together.
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