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lipisadiya376

@lipisadiya376

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Web3 Jargon: ✅ Cold Wallet: Offline crypto wallet, high security, for long-term storage. ✅ Hot Wallet: Online crypto wallet, quick transactions, lower security. ✅ Flash Loan: Instant, collateral-free loan, repaid in the same transaction. ✅ Token: Digital asset on blockchain, with various uses. ✅ Satoshi: Smallest unit of Bitcoin, 1 BTC = 100 million satoshis. ✅ Metaverse: Virtual world combining VR and AR, linked to blockchain and NFTs. ✅ Stablecoin: Crypto pegged to fiat or assets to reduce price volatility. ✅ Fiat On-Ramp: Converting fiat to crypto, usually via centralized exchanges. ✅ DeFi: Blockchain-based financial services without intermediaries. ✅ NFT: Unique digital asset, often for art or collectibles. ✅ DApp: Blockchain-based app, usually open-source. ✅ DEX: Peer-to-peer crypto exchange, no intermediaries. ✅ Hashrate: Measure of blockchain network's computational power. ✅ KYC: Identity verification process for financial institutions.
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A Quick Guide to Web3 “Slang” – A Must-Read for Beginners! 1️⃣ To The Moon 🚀 A common phrase in the crypto space, meaning a coin’s price is skyrocketing, as if flying straight to the moon! If a coin’s supporters say, “X coin is going to the moon!”, they’re expecting a big price surge. 2️⃣ FOMO 😱 Short for Fear of Missing Out, meaning the anxiety of missing a big opportunity. When you see a coin rising fast and rush to buy it for fear of missing out on potential profits, that’s FOMO in action. 3️⃣ HODL 💪 Originally a misspelling of Hold, it has become a symbol of strong conviction in holding onto a coin. No matter how much the market dips, true HODLers refuse to sell and keep holding their assets. 4️⃣ “Chives” (Newbie Investors) 🌱 In the crypto world, inexperienced investors who blindly follow trends, buying high and selling low, are often referred to as “chives” because they are frequently “harvested” by the market.
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Step-by-Step Guide to Analyzing Web3 Projects 2 Hello, friends 👋 Let's continue discussing key points to consider when analyzing Web3 projects: 1️⃣ Analyze the Token's Use Case What is the project’s token for? Is it purely for commemorative purposes, does it have governance or voting rights, or does it provide some form of economic incentive? 2️⃣ Analyze the Economic Model Examine the project’s economic setup and check if the token distribution and release schedule are reasonable. Is the project aiming for the long-term or short-term? 🤔 3️⃣ Is There a Staking Mechanism? 4️⃣ Analyze the Project's Revenue Model Does the project have a healthy and sustainable business revenue? Is the revenue model viable for the long term? 5️⃣ Analyze the Team and Investors A well-known team is definitely attractive, but be cautious of projects where the team and investors are in it for a quick profit, potentially "harvesting" the community.
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