FAQ

Listing is the process of placing a cryptocurrency or token on trading platforms to participate in trading with other assets. Success in the listing process often determines the prospects for the development of a project in the future. It is important to list the coin on more exchanges. This provides access to the free conversion of cryptocurrency, which allows attracting investors to the project, increasing the cost and level of capitalization.

PancakeSwap is a decentralized platform powered by Binance Smart Chain. It is designed to exchange BEP-20. The platform was created by unknown developers and is dedicated to pancakes and rabbits. The exchange allows its users to sell and buy assets using an automatic market maker, placing cryptocurrencies in liquidity pools. On the platform, users can trade BEP-20 tokens and earn rewards by providing liquidity. The exchange also supports the function of farming the profitability of the CAKE governance token.

Oasis Network (ROSE) is a blockchain network with a native ROSE token that runs on the Proof-of-Stake protocol. Oasis Network is a layer 1 protocol that can compete with networks like Ethereum and Bitcoin. The network, created in 2018, is built with a focus on increased data privacy and throughput that can reach 1,000 transactions per second. Examples of the Oasis blockchain use are such large projects as CryptoSafe (analytics and exchange of data on suspicious transactions) and Nebula Genomics (genetics research).

EOS in cryptocurrencies is a first-layer blockchain that was designed to increase scalability, a problem faced by first and second-layer blockchains. EOS with open-source technology was launched by B1 company in 2018. The rapid development of the blockchain has slowed down due to the loss of venture capital intended for public projects. Therefore, the EOS Network Foundation was created, which is responsible for the efficient allocation of capital. Also, for the normal operation of the blockchain, it was decided to cancel the blocking of B1 tokens. EOS has become a decentralized autonomous organization and continues to introduce new features to address blockchain scalability issues.

SushiSwap is a fork of the popular decentralized exchange Uniswapp with its own SUSHI token. The project was launched by anonymous developers in September 2020. The platform distributes rewards among liquidity providers in the form of SUSHI governance tokens. SUSHI token holders receive rewards even after the liquidity provision is terminated. In 2021, based on SushiSwap, the Shoyu NFT platform was launched. The platform was created to eliminate the disadvantages of other NFT marketplaces associated with file format restrictions, image sizes, and high fees.

A bull market (bull run) is a market condition in which the prices of cryptocurrencies rise rapidly. When there is bullish sentiment in the market, it means that bids to buy assets prevail, so prices increase. A bull market provides for positive dynamics and implies a continued rise in prices. A bull run can relate to the entire market or a separate cryptocurrency.

Bitcoin has such characteristics of a store of value as a limited number, a decentralized network, which ensures the safety of holders' assets. Bitcoin can be used to store and transfer value. But due to high volatility, many economists question the value of bitcoin. Given the instability of the banking system, many investors prefer to keep their funds in bitcoins. But only time can prove if bitcoin can be an effective store of value.

JoinCoin is the combination of multiple transactions from different users into a single transaction. The method was offered in 2013 by Gregory Maxwell. The protocol was created specifically to enhance the privacy of bitcoin transactions. The essence of the operation is that several users, after coordinating the data with each other, can create a jointly signed transaction. As a result, it becomes impossible to distinguish between the participants in the transaction, which ensures the maximum level of confidentiality.

Multi-sig wallet in cryptocurrencies is a concept that stands for multi-signature and means a special kind of digital signature that allows several users to jointly sign documents as a group. A multi-signature is a combination of several unique signatures. The technology of multi-signatures in cryptocurrencies was first applied in 2012 in Bitcoin. This eventually led to the creation of multi-signature wallets. The principle of multi-signature implies that access to the assets on the wallet is possible only if all users simultaneously provide their keys.

Security tokens are digital assets whose price depends on externally traded assets. Thus, these tokens are subject to regulatory securities and federal laws of the state. If developers do not follow the rules, this can lead to fines and disruption of the project launch. If the development of the project is carried out following all regulatory requirements, security tokens provide a wide range of functions. For example, developers can offer them as digital promotions.

The London hard fork on the Ethereum blockchain is an update that affects the transaction fee model, as well as the “difficulty bomb”. London implies that a standard fee is used instead of gas. If earlier users themselves set the gas price in the auction format and miners could give priority to the block with the highest commission, then after the update, all blocks will have a fixed commission. The update ensures the transition of the platform to the Proof of Stake mechanism.

Symmetric-key cryptography in cryptocurrencies is a type of data encryption in which a single key is suitable for both encryption and decryption. In a symmetrical scheme, multiple users can use the same key. The same key is used to encrypt and decrypt the plaintext. Guessing the decryption key is almost impossible, so symmetric encryption schemes provide a high level of security and are often used in computer systems.

An impermanent loss in crypto trading is a situation in which a user gives cryptocurrencies to a liquidity pool and the value of the deposited tokens has changed since the time of deposit. The size of the impermanent loss depends on the scale of these changes. The larger the change, the higher the impermanent loss. As a result, when withdrawing funds, the user receives fewer assets in dollars than he deposited. Pools with assets that fluctuate in small ranges are the least susceptible to impermanent losses.

Depositing in cryptocurrencies is a special system that protects both parties entering into a transaction for the purchase and sale of cryptocurrencies. When the buyer opens a deal to purchase cryptocurrency, the required amount is blocked on the seller's account. After the buyer pays the required amount and the seller confirms its receipt, the previously blocked amount is sent to the buyer's account.

BETH is a tokenized version of ETH that is used for staking on Binance. Each BETH is equal to 1 ETH in ETH 2.0 Beacon Chain staking. Beth token holders are eligible to receive rewards earned by a Binance node in ETH 2.0 staking. The user can hold BETH on Binance for staking rewards or withdraw them to Binance Smart Chain to use in De-Fi applications.

Curve Finance (https://curve.fi) is an automated market maker protocol for the exchange of stablecoins. Thanks to Curve Finance, it is possible to ensure minimal slippage and lower commissions. The protocol is used as a decentralized liquidity aggregator, through which users can add their assets to several different liquidity pools at the same time, earning on commissions.

To create your NFT token, you can use various platforms, such as BakerySwap, TreasureLand, Binance Smart Chain, etc. To create an NFT, you need to specify the NFT data, upload an art file to the platform, as well as pay a fee for issuing a token. If you have an NFT token, you can sell it on any of the many marketplaces.

Swipe (SXP) is a utility token that enables the interaction of Swipe Card and Swipe Wallet. Swipe is a gateway that allows cryptocurrencies to be used as fiat currencies in real time. Swipe token holders can use them to pay network fees, receive discounts, and place bids on the Swipe platform. Using Defi's multi-asset app with a few Swipe assets and a Visa debit card, you can instantly exchange fiat money, cryptocurrencies, and stablecoins.

Yearn.finance (YFI) is an open-source decentralized finance lending protocol on the Ethereum blockchain. The protocol functions as a pooled yield platform. Maximization of the user's investment is achieved by automatically moving his assets between Defi protocols. YFI is the project's native token, which refers to governance tokens with an autonomous protocol.

Arbitrage trading is a trading strategy that involves profiting from price differences in the markets. A tactic that means buying the same asset in one market and immediately selling it in another is accompanied by low risks. Since the value of a cryptocurrency, for example, on Binance, and on any other cryptocurrency exchange should be the same, even minimal price differences provide arbitrage opportunities.

Chainlink (LINK) is a special network designed for the interaction of smart contracts and dapps. The goal is to create a decentralized network of oracles that act as an intermediary between APIs and smart contracts. Chainlink is a data transmitter between external applications and smart contracts. Its own LINK token is a full-fledged digital token and is used to pay for the work of operators.

Central Bank Digital Currencies (CBDCs) is a digital version of a fiat currency that can officially be used as standard money by the regulation of a country's central bank. Depending on the state, CBDCs can be created on a blockchain or other distributed ledger storage. Sometimes digital currencies can be a centralized database. Government-issued CBDCs are considered legal tender.

A trading journal is a document in which a crypto trader records all his actions. In a trading journal, you can record the development of a strategy, psychology, and risk management. When used correctly, the journal will quickly prove its effectiveness. You can create a trading journal in Google Sheets or Microsoft Excel using free templates. In the journal, you should record such important details of transactions as entry and exit date, trading pair, price, position size, duration, etc.

Taproot is a soft fork of Bitcoin activated on the network on November 14, 2021, thanks to the support of miners from all over the world. The soft fork was carried out to improve Bitcoin scripts, as well as improving the efficiency, privacy, and ability of the network to process smart contracts. This is the biggest update since the launch of SegWit in 2017. Taproot consists of three separate applications to improve the Bitcoin network, including Taproot, Tapscript, and a new digital signature system called the Schnorr Scheme.