✍️ Crypto Slang Terms #11: Your Guide to the Cryptoverse 📕
💡 Ready to dive deep into the world of blockchain? Join BSCStation and learn five new blockchain words in Crypto Slang Terms #11!
▶ HODL
An intentional typo for the word "hold" originally posted by an anonymous user on the Bitcointalk forum, which the crypto community later turned into slang for holding a cryptocurrency long term despite market volatility
▶ Hot Wallet
Any cryptocurrency wallet that is connected to the internet and therefore at a higher risk of being hacked
👉 Example: Binance Hot Wallet
▶ ICO (Initial Coin Offering)
The very first offering for public purchase and sale of tokens or digital assets for a newly born blockchain project
👉 Example: SPACE ID launched ICO from March 17 - March 22, 2023
▶ IDO (Initial Decentralized Offering)
A crowdfunding method that enables blockchain projects to release their native coins or tokens through a decentralized exchange (DEX)
👉 Example: Releap Protocol IDO
▶ IEO (Initial Exchange Offering)
A fundraising method designed to reduce the risk for token purchasers by introducing a trusted intermediary between the project team and the user
👉 Example: Sui launch IEO on KuCoin, OKX, Bybit
💪 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 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.