1. What is fiat currency?
Fiat currency is legal tender, issued by the state and government, and only guaranteed by government credit, such as RMB, U.S. dollar and so on.
2. What is token?
token, usually translated into a token. Token is one of the important concepts in the blockchain. Its more widely known name is "token", but in the eyes of professional "chain circle" people, its more accurate translation is "token", which represents the district. A proof of stake on the blockchain, not a currency.
Three elements of Token
- One is the digital proof of rights and interests. The certificate must be a certificate of rights and interests in digital form, representing a right, an inherent and intrinsic value;
- The second is encryption. The authenticity, tamper-proof modification, and privacy protection of the certificate are guaranteed by cryptography;
- The third is to be able to flow in a network, so that it can be verified anytime, anywhere.
3. What is Jiancang?
Opening a position in the currency circle is also called opening a position, which means that a trader newly buys or sells a certain amount of digital currency.
4. What is stud?
Stud in the currency circle refers to investing all the principal.
5. What is an airdrop?
Airdrops are a very popular cryptocurrency marketing method right now. In order to allow potential investors and cryptocurrency enthusiasts to obtain token-related information, the token team conducts frequent airdrops.
6. What is lock-up?
Lock-up generally means that after an investor buys and sells a contract, when the market shows a trend opposite to their own operation, they open a new position that is opposite to the original position, also known as pair lock, order lock, and even euphemistically called Butterfly Double Flying.
7. What is candy?
The candy in the currency circle is the digital currency that is distributed to users for free when various digital currencies are first issued at the ICO.
8. What is a break?
Breaking refers to falling below, and hair refers to the issue price of digital currency. A currency break is when a certain digital currency falls below the issued price.
9. What is private placement?
Cryptocurrency private placement is a way to invest in cryptocurrency projects, and it is also the best way for cryptocurrency project founders to raise funds for the operation of the platform.
10. What is moving bricks?
Recharge cash to platform A with a lower currency price, and then buy bitcoin; then withdraw bitcoin from platform A, and recharge to platform B with higher price immediately after receiving it; after recharging bitcoin to platform B, immediately Sell it, withdraw the cash immediately, and repeat the steps.
11. What is an ICO?
Initial Coin Offering, originated from the concept of initial public offering (IPO) in the stock market, is a financing behavior in which blockchain projects exchange virtual currency issued by themselves for virtual currency commonly used in the market.
