General Definitions

1inch: 1inch is a decentralized exchange, which purports to be a “DeFi / DEX aggregator with the most liquidity and the best rates on Ethereum and Binance Smart Chain, 1inch dApp is an entry point to the 1inch Network’s tech.” You can read more about 1inch at https://app.1inch.io/

Airdrop: When tokens are sent to a wallet address without being purchased.

Audit: A third-party provider, reviews the smart-contract in question and provides positives/negatives in the form of an audit document.

Binance: Binance is a Cayman Islands-domiciled cryptocurrency exchange that provides a platform for trading various cryptocurrencies founded in 2017. As of April 2021, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. You can read more about Binance at https://www.binance.com/en

BNB: BNB is the Binance token utilized to pay for fees and exchanges on the Binance ecosystem. BNB has an all-time high value of approximately $690. Read more about BNB on Binance’s website, at https://www.binance.com/en/bnb

Bogged: Bogged Finance is a popular set of tools available for BSC projects. More can be read about Bogged at https://bogged.finance

BSC: The Binance Smart Chain. Read more about the Binance Smart Chain, at https://academy.binance.com/en/articles/an-introduction-to-binance-smart-chain-bsc

BTC: Short form for Bitcoin. Bitcoin is the largest cryptocurrency globally. Read more about Bitcoin, including their white paper, at https://bitcoin.org/en/

CertiK: CertiK is a very popular, highly regarded source code auditing firm. Learn more about CertiK here: https://www.certik.org/

CEX: Centralized exchange.

Coinbase: Coinbase is a popular cryptocurrency exchange and is also a publicly available company, traded on the NASDAQ. Read more about Coinbase here: https://www.coinbase.com/ 

Coinhunt: coinhunt.cc is a popular token searching platform, where potential investors can review basic information about a project.

CoinTiger: CoinTiger is a cryptocurrency exchange, which advertises itself as “CoinTiger offering reliable and convenient trading services, including Spot, Fiat, Futures, and Leveraged Tokens.” You can read more about CoinTiger at https://www.cointiger.com/en-us/

Consolidation: This is typically reference to a project trading at a point between two levels. A “consolidation phase” in cryptocurrency trading, typically refers to a period of trading, where there is no large volume of either purchases, or sales, after a run-up pattern and retrace.

Contract Renounced: The ownership of the contract in question is no longer held by the contract creator. Functions of the code which can be utilized to “scam” investors, cannot be accessed when a contract is renounced.

Dapp: Decentralized application, that is run through a distributed computing system.

DEX: Decentralized exchange.

Discord: A popular engagement and social media platform for discussing cryptocurrencies.

Dox(xing): To dox(x) oneself refers to a project owner making their identity public knowledge. In theory, not always practice, a developer who has provided sufficient dox material/support, is less likely to “scam” a project.

DYOR: Do your own research.

Fiat: A government issued currency, which is not backed by another asset, such as gold.

FOMO: Fear of missing out.

FUD: Fear, uncertainty and doubt. FUD can be both intentional and unintentional.

Honey Pot: A contract where you can purchase the token in question, but not sell.

Kraken: Kraken is a large cryptocurrency exchange, which was founded in 2011. Visit Kraken’s website to learn more about them here: https://www.kraken.com/

KYC: Know your customer. This is the verification process for providers, such as Binance, to confirm the identity of their users.

Liquidity: The funds held by the token you are trading. Liquidity increases and decreases with each buy and sell of the token.

Liquidity Lock: When liquidity is locked, the contract owner does not have access to pull the pooled trading funds, until the end of the lock period. If liquidity is unlocked, investors typically consider the project unsafe, as all funds can be taken from the project at anytime.

Metamask: A popular wallet for BSC projects. Read more about Metamask at https://metamask.io

Mint Function: A mint function is a (typically) nefarious piece of code, which allows developers to create new tokens for free, after launch. When these tokens are created, the developer can sell-off for the entire liquidity pool, taking money from investors.

NFT: Non-Fungible Token. NFTs have taken a large market share of investment recently and have become a large store of value across various spaces.

Pancakeswap: A smaller exchange, where investors transact, in order to buy BSC projects. You can read more about Pancakeswap at https://academy.binance.com/en/articles/a-guide-to-pancakeswap

PCS: Pancakeswap.

Poocoin: A popular charting service, with various tools available for users.

Presale: A sale that occurs prior to the project being activated on an exchange platform.

Rug Pull: There are various styles of rug pulls. A rug pull is where the developer of a project, intentionally removes value from the liquidity pool and leaves investors with a small fraction of their investment, or nothing.

Shill: The individual (or group) act of promoting a project, or investment, by advertising/marketing, usually through group/social media, in order to grow one’s investment.

Slow Rug: When a developer funds themselves with tokens of the project, for no cost. As liquidity is added through transactions occurring, the developer will sell off these tokens, to take project funds from investors.

Solidity: The programming language used for deploying smart contracts. Learn more about solidity here: https://docs.soliditylang.org/en/v0.8.9/

Stablecoin: A cryptocurrency that is designed to be pegged to another asset, such as fiat.

Telegram: Telegram, or “TG,” is a common messaging app which allows users to engage in discussions for their investments in various projects.

Trust Wallet: A popular wallet for BSC projects. Read more about Trust Wallet at https://trustwallet.com

White Paper: A document outlining the purpose, roadmap and overview of a project. Historically, the purpose of a white paper ranges and can be read about more at https://en.m.wikipedia.org/wiki/White_paper