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CRYPTO CURRENCY DICTIONARY

TERMS COMMONLY USED IN THE WORLD OF BLOCKCHAIN AND CRYPTOCURRENCY

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Anonymity

An anonymous person is able to function or communicate in a way that renders them unrecognizable. Consider the comments area of a website, where no login is required and people can remark anonymously. This is anonymity.

Other Important Terms

Central Bank Digital Currency (CBDC)

Central Bank Digital Currency (CBDC) is a digital token, similar to cryptocurrency, issued by a nation's monetary authority or central bank. It is pegged to the value of that nation's fiat currency. They are also called government-backed cryptocurrencies.

Launchpool

A Launchpool is also a fundraising platform used by crypto startups to raise funds by inviting investors to deposit their crypto holdings into a capital pool. In return, the investors can earn interest on the amount of crypto they deposit. It fills the gap between investors, project owners, the community, specialists, and general market players to aid in the development of innovative initiatives for the future. 

Tokens

Unlike cryptocurrency coins, which are intended to store and exchange value, cryptocurrency tokens are digital representations of fungible and transferable assets, utilities, and cryptocurrency denominations. Tokens are generated, issued, circulated, and sold in the traditional initial coin offering (ICO) procedure.

Initial Dex Offering (IDO)

decentralized Initial dex offerings, or IDOs, are tokens that represent any sort of asset hosted on a decentralised exchange (DEX). An IDO occurs when a project debuts a token via a decentralized liquidity exchange. IDOs may be constructed for anything ranging from cryptocurrencies to a music CD to aether-powered combat ships. IDOs provide companies with a mechanism for engaging their communities in an economy that both enhance their products and services and allows them to make sound business decisions about their assets.

Initial Coin Offering (ICO)

An initial coin offering (ICO), similar to an initial public offering (IPO) on the stock market, is a procedure through which firms or individuals gather funding to develop new blockchain applications, cryptocurrency, or financial services. It is a type of crowdsourcing in which investors may purchase tokens generated by a corporation. These tokens are used to represent an interest in a company or a future product or service as a potential investment. IPOs often employ "white papers," which outline what is on sale and how the ICO will operate. If the fund criteria are not satisfied and the ICO fails, investors' money is refunded. ICOs, on the other hand, are frequently unregulated, and investors should conduct due research before investing.

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