This is the economic model of token, which sets out the main aspects associated with the creation of token, its distribution, management, etc.
This is a copy of any token transferred from one blockchain to another.
There are many blockchains in the cryptocurrency industry: Bitcoin, Ethereum, Cosmos, Avalanche, etc. Blockchains are deprived of the opportunity to "understand each other": everyone acts according to their own rules and speaks their own language. Each blockchain has its own Native token - a coin that is used to pay for the commission:
for the Bitcoin network, this is bitcoin (BTC)
for Ethereum - ETH
For Cosmos - Atom
For Avalanche - Avax
If you want to carry out any actions, for example, send a USDT tokens to the EThereum network to another wallet, the commission will have to be paid in ETH tokens if Avalanche is an AVAX commission, etc. However, if you decide to send your USDT from Ethereum to Avalanche, your USDT will be lost. Why? Because USDT on the Ethereum and USDT network on Avalanche is not the same thing, because we remember that each blockchain lives according to its own rules.
And what to do if you urgently need to send your USDT from one network to another? For these purposes, cross -miners were invented - special applications that allow you to translate tokens from “one language to another”, that is, from one blockchain to another. In one network, the token is blocked, and in another - a copy is created that does not lose its original value. For example, if you transfer BTC from the Bitcoin network to Ethereum, it will become WBTC, i.e. wrapped.
A beginner, neophyte, a person who has no competencies, skills and experience in the cryptocurrency industry. As a rule, a very naive, lazy and unpromitative, in connection with which it becomes a victim of fraudulent projects in this area.
Cold storage refers to storing cryptocurrency on a place where the private key cannot be accessed via the internet. This can be done on a hardware wallet, paper wallet or software wallet in an offline environment.
This is a sharp increase in the price of an individual asset or market as a whole.
Picking/Pimpapy means to artificially increase the price.
Excount on the exchange or in the service
Multiakacounds (cartoons, cartoons) - several accounts that belong (Athenicated) to one person, but decorated on different people (relatives, acquaintances)
Drop (astronaut) - a person whose documents are drawn up by a multi -account
Multiakking (cartoon) - an investment (speculative) process that uses multi -accense
Abusing (from the English. Abuse - abuse) - use all the capabilities of the system, violating the established rules - for example, multipacing or using bots/scripts
