✍️ Crypto Slang Terms #5: Your Guide to the Cryptoverse
🔥 BSCStation Crypto Slang Terms is back with another 5 common blockchain words to help improve your knowledge in the innovation industry!
▶ Burn/Burning
Usually intended as a counter-inflationary mechanism, burning decreases the total crypto supply, potentially increasing the value of the remaining crypto supply.
👉 Example: BSCStation monthly token burning event
▶ Buy Side/Sell Side
The buy and sell sides refer to the buyers and sellers connected by an order management system (OMS).
▶ Buy Wall
A buy wall occurs when a large limit order is placed at a specific price level to buy a large amount of an asset.
▶ Call Option
A call option contract gives an investor the right, but not the obligation, to purchase an underlying security at a specified price within a defined period of time.
When the option expires, the investor can choose to buy the underlying security or let the options contract become void.
▶ Candlestick
Candlesticks are part of a charting methodology employed by stock and cryptocurrency investors that shows historical and real-time prices of a specific asset.
Candlesticks are designed to display the open, high, low, and closing (OHLC) prices of an asset for specific time periods (usually by the minute, hour, day, week, and month).
💪 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!
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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
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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.