✍️ Crypto Slang Terms #1: Your Guide to the Cryptoverse

In the industry of finance and trading, education is key. Cryptocurrency is slowly making its way into mainstream finance, so if you are new to this sector, now is the time to get ahead. We have an educational article directory on cryptocurrency - Better than yesterday with BSCStation and we are also about to uncover one of the most 'new age' aspects of cryptocurrency: crypto slang terms.

Today BSCStation will introduce the first episode of the Crypto Slang Terms series for newcomers.

Altcoins

An altcoin refers to a cryptocurrency other than Bitcoin. Each has its own set of rules, properties, and specific use cases. Altcoins could be completely new technologies or forks of existing cryptocurrencies.

👉 Example: BSCS, ETH, SOL, LTC...

AMA (Ask Me Anything)

A popular interactive interview format in the crypto community is the "AMA," in which viewers and followers can ask the host any question they like. It offers the community the chance to discuss a certain subject with a panel of internal and external experts.

👉 Example: Bitrue x BSCStation AMA

Airdrop

A cryptocurrency airdrop is a marketing strategy that involves sending coins or tokens to wallet addresses. Small amounts of the new virtual currency are sent to the wallets of active blockchain community members for free or in return for a small service, such as retweeting a post sent by the company issuing the currency. The ultimate goal of a crypto airdrop is to promote awareness and circulation of a new token or coin.

👉 Example: BSCStation x OKX NFT Football Cup Airdrop

ASIC

An ASIC (Application-Specific Integrated Circuit) is a specialized integrated circuit manufactured specifically for a specific purpose.

👉 Example: Bitcoin ASIC miner

ATH

Known as “All Time High”, this acronym can be useful from a trading perspective, as it defines the highest ever listed price of a coin or token. Naturally, this is a good number to be aware of and gauge from when you are considering your entry and exit points whilst trading crypto CFDs.

👉 Example: Bitcoin (BTC) ATH is $69,045

As you can see, the number of slang terms related to Blockchain is humongous! However, just with a little patience and a curious heart, you will find what you need to know in the following articles of BSCStation about Crypto Slang Terms!

About BSCStation

BSCStation - The fully decentralized protocol for launching new ideas. An all-in-one Incubation Hub with a full-stack Defi platform across all main blockchain networks. We provide exclusive services including IDO/INO Launchpad, Yield farming, NFT Auction, Marketplace, and BSCSwap

BSCStation operates on top of all the main blockchain networks and is designed to offer maximum value to consumers and institutions.

BSCStation platform uses the Sharing Economy Model for the purpose of profit-sharing, helping users to access DeFi platforms in the easiest, safest, and most cost-effective way. BSCStation is the most convenient bridge to connect users and application products on all main blockchain networks.

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The information provided in this article is intended for general guidance and information purposes only. Contents of this article are under no circumstances intended to be considered as investment, business, legal or tax advice. We do not accept any responsibility for individual decisions made based on this article and we strongly encourage you to do your own research before taking any action.