FAQ

Handshake (HNS) is a decentralized naming protocol that allows you to distribute ownership of first-level domains (TLDs), such as com or org, which can be used for website addresses, crypto wallets, and emails. To buy a TLD, Handshake users must use the auction system, where they can apply with HNS tokens.

Mirror Protocol (MIR) are blockchain assets that are a mirror version of real tokens and reflect exchange prices on the chain. Mirror tokens allow traders to set the value of real assets, providing censorship resistance, open access, and fractional ownership like any other cryptocurrency.

VeChain Thor (VET) is a smart contract-compatible blockchain designed to improve the supply chain to accelerate the mainstream adoption of blockchain technology. The VeChain Thor public blockchain is an accessible blockchain platform that allows you to store product data and control the supply and quality of the product. The platform's functionality makes it possible to control the production and logistics process of a particular product, allowing you to get real information at every stage.

An NFT whitelist is a list of wallet addresses that access a new collection of NFTs before it goes public. By providing priority access to NFT collections, providers solved the problem of fraud, competition, and overpricing in the non-fungible token market. Before official NFT minting begins, projects use whitelists to decide who can mint NFTs.

Diva is an affordable decentralized ETH liquid staking protocol. Even with only 1 ETH, any member can create a node in Diva and start earning rewards. The Diva platform was designed as an alternative to a lightweight and user-friendly client that can connect to existing Ethereum clients via standard APIs. Any number of coins can be placed in staking without a minimum limit and the need to launch additional nodes. To do this, you only need to have a Web3 wallet.

Crabada is a popular game on the Avalanche blockchain where you can earn CRA tokens. The game takes place in an underwater world inhabited by hermit crabs Crabada. Players can farm crabs, rent them, and lend them. You can get cryptocurrency in the game by breeding crabs, staking, looting, and mining.

Hierarchically deterministic crypto wallets are wallets that generate private and public keys based on a master key. This allows users to create new wallets by getting all the addresses and keys as long as they have access to the master key. The wallet generates public and private keys based on the seed phrase. Users can create any number of HD wallet backups using only the seed and benefit from extended keys.

Ronin (RON) is an EVM-based blockchain built specifically for developers. Using the Ronin blockchain, developers can run games where the economy is owned by the players. Through a combination of broad economic opportunities, as well as games and entertainment opportunities, communities have been dubbed digital nations. Blockchain is very popular due to very fast transactions with minimal fees.

The NFT Mystery Box is a virtual box that contains a random product. Users don't know what's inside until they open the box. Thus, for a small amount, you can get a rare or even unique item. The NFT box boom came in 2021 when many companies started releasing mystery boxes with unique items to keep users interested.

Ronin Wallet is a cryptocurrency wallet created for the game Axie Infinity that runs on the Ronin blockchain. The wallet is available as an app for Android and iOS, as well as an extension for Firefox and Chrome browsers. It can be used to directly transfer and receive NFTs and cryptocurrencies with minimal gas fees.

A Doji candle is a situation in the crypto market in which buyers and sellers balance each other. This leads to the absence of price movement for a certain period. Any attempts by sellers to raise the price are stopped by buyers. At the same time, sellers do not allow buyers to bring down prices. The Doji candle allows traders to predict the top and bottom of the market.

Near Protocol is a platform through which developers can create decentralized applications. The first-level blockchain network is one of the main competitors of Ethereum. The developers of the Near protocol claim that it is already faster than Ethereum, and the cost of transactions on the network is lower. Once fully launched, the Near protocol is expected to process up to 100,000 transactions per second.

Trust Wallet is Binance's decentralized multi-currency application that allows users to control digital assets and non-fungible tokens. The wallet supports 65 blockchains and more than 4.5 million crypto assets. Trust Wallet allows users to securely interact with decentralized applications through a list of supported blockchains.

The funding rates are periodic payments to traders, which are calculated on the basis of the difference between the perpetual futures market and the spot market. Funding rates in the crypto market are necessary to prevent long-term price differentials. Rates are recalculated several times a day. For example, on Binance futures, the rate is recalculated three times a day, every 8 hours.

The spot market for cryptocurrencies is a platform where cryptocurrencies are bought and sold at a market price with instant delivery. When trading on the spot market, you can not use the cryptocurrency margin. Transactions can only be carried out at the expense of the trader's funds. The crypto market operates 24/7, so purchases and sales occur almost instantly.

Stop loss in crypto trading is a command to automatically open an order to sell crypto assets if the value of the cryptocurrency falls to a level determined by the trader. Stop loss allows you to limit the number of losses when the cryptocurrency price goes down, indicating the minimum price at which a trader is ready to sell assets.

Cryptocurrency margin is a term that refers to the sale and purchase of cryptocurrencies using funds provided to the traders on credit secured by their assets. The word “margin” itself means a pledge that a trader must provide to the exchange to receive the required amount of cryptocurrency. As practice shows, the exchange takes the necessary amount of collateral from the trader's account. If there is a risk of losing borrowed funds, the exchange closes the deal and covers its losses at the expense of the deposit.

Derivatives in cryptocurrency is a generalized term meaning futures contracts in which cryptocurrency rates are used as the underlying instrument. Most of these contracts are settlements, that is, they allow you to make a profit on the difference in cryptocurrency rates without actually sending them. Crypto derivatives are more suitable for active traders who make a large number of short-term transactions due to leverage and low commissions.

Binance Fan Tokens are utility tokens that give club or team members special privileges. Brands or sports clubs can use fan tokens to reward their fans and grow their fan club. Fan tokens are not NFTs as they are fungible. Fan token holders receive voting rights, limited edition NFTs, rare fan badges, and many other unique merchandise.

Etherscan is a block explorer that provides users with access to public data about transactions, addresses, smart contracts, and other important data about the Ethereum blockchain. Using the Ethereum network scanner, users can find the information they need. You can also check all promotions here, including smart contracts and tokens, based on the transaction hash.

Loot Project is a massive collection of 8000 NFTs consisting of a large list of items for RPG games. These NFTs are called Loot Bags. They contain unique items and equipment for adventure games that appear a certain number of times. Loot Bags have "rarity points" and "bag points" which indicate their rarity. Each bag contains 8 items (shoes, gloves, breastplate, belt, necklace, ring, helmet, and weapons). These NFTs were given to users for free when paying gas fees.

A crypto card is a debit card that can be used to pay for goods and services. When paying with a crypto card, the seller receives fiat money in his account. The crypto card takes the cryptocurrency from the linked account and converts it into the required amount, which is credited to the seller's account. Mastercard and Visa, two of the most famous payment providers in the world, offer crypto cards in collaboration with their partners.

QuickSwap is an automated market maker running on the Polygon network that is very popular among users due to its low fees and high speed. QuickSwap offers the same features as Uniswap on the Ethereum network, being a fork of it. It is a decentralized exchange that does not have an order book as users trade directly from liquidity pools.

The road map is a map of cryptocurrency project development. The road map contains information about the plans of the team with clear time frames for their implementation. The document may describe information about goals that have already been achieved. The time of 1-5 years is considered optimal for compiling a roadmap. It does not make sense to write a roadmap for a longer period, since the field of cryptocurrencies is subject to changes that cannot be foreseen.