FAQ

NFT land is a virtual piece of land in the digital universe, which is represented in the form of non-fungible tokens. Depending on the capabilities of the platform, the user can use his land for work, games, advertising, communication, and other purposes.

Crypto lending is the ability to lend and borrow the required amount of cryptocurrency at a certain percentage. To get a crypto loan for investment, it is enough to provide a certain amount of collateral using a cryptocurrency exchange or Dapp Defi. If the value of the deposit falls below a certain level, it must be topped up to avoid canceling the transaction. After repayment of the loan and interest, the collateral is returned to the borrower.

The most expensive NFT token in the history of cryptocurrencies was “Everydays: The First 5000 Days”, created by crypto artist Beeple. It was sold at auction for $69.3 million. The image is a collage of 5,000 early pieces that the artist has been posting on his Instagram since 2007.

The value of non-fungible tokens depends on the supply and demand for them. NFTs that are created to represent physical assets are easier to value. But most NFTs are only presented in numerical terms. Each token collection has a different supply, some NFTs can be very rare. The popularity of tokens is also influenced by the team of creators or the personality of the artist. Especially in demand are tokens that have certain use cases, for example, give users some kind of privileges in the project or play-to-earn games.

Immutable X is a layer 2 solution that aims to improve NFT scaling to Ethereum. With Immutable X, transactions are instantly confirmed with minimal gas fees. The solution enables users to create and sell NFTs while keeping their assets completely secure.

Kyber Network is a cryptocurrency multi-chain liquidity center that improves the profitability and efficiency of decentralized trading by providing access to all its tools in a fast, convenient, and secure way. KyberSwap is the first product of the network, a decentralized exchange that, as conceived by the creators, aims to become one of the best liquidity platforms for earning and exchanging across all networks. The exchange offers users all the necessary tools to make the right decisions. KyberSwap works on well-known networks such as Ethereum, BNB Chain, Polygon, Avalanche, and many more.

LIDO (LDO) is a secure and convenient solution for the liquid staking of cryptocurrencies based on PoS (proof of stake). The system supports Ethereum 2.0 staking and other L1 blockchains under the PoS consensus protocol. Lido solves one of the most basic problems associated with low liquidity of staking assets. Lido users, when staking assets, receive their tokenized version in a 1:1 ratio.

UMA (Universal Market Access) in cryptocurrencies is an optimistic oracle that allows you to record any correct information to the blockchain. Oracles are designed to connect the blockchain with the outside world. An optimistic oracle transmits supposedly correct information to the blockchain if there is no disputed data about it. UMA was founded in 2017 by Hart Lambur. UMA ensures the security of markets and smart contracts in the Web3 environment.

The Average True Range (ATR) is an indicator that is used for technical analysis to evaluate the market volatility of cryptocurrencies over a given period. Typically, ATR is used to calculate volatility over 14 days. This indicator was first described by analyst J. Wells Wilder Jr. in 1978.

Beeple (Mike Winkelmann) is an American crypto artist who has proven to the world that art doesn't have to have a physical expression. Beeple has brought NFTs to the fore with his digital paintings, which are being sold at numerous auctions. Mike creates satirical pictures about politicians and cultural figures. His works have been repeatedly shown at concerts of such famous singers as Nicki Minaj, Justin Bieber, and Childish Gambino.

A miner virus is a malicious program that steals resources from a computer to generate cryptocurrency. Dangerous software can get into your computer through downloads or browser attacks. The presence of a miner virus can be guessed through low performance, overheating, and frequent computer lags.

Binance trading password is a new tool on Binance P2P that allows you to make transactions fast and secure. Using a pre-set trading password, users can confirm transactions without an additional SMS password or Google authentication. The trading password can only be used in the Binance app to execute orders up to $500.

Binance Feed is a one-stop portal created to provide easy access to useful cryptocurrency and Web3 content. Readers can follow Binance accounts such as Binance News, Binance Academy, Binance Announcements, and Binance Blog to keep up to date with the latest news. Some of the content on Binance Feed is posted by crypto projects and created by individual authors, so it contains the opinions of third parties and is published for informational purposes only.

NFT is a cryptographic smart token that is stored on the blockchain and is a non-fungible digital asset. Each token contains unique metadata and identifiers that distinguish it from other tokens. NFTs can be used to register on websites and verify ownership of digital versions of real items. Also, NFT is an intellectual property object, so the use of screenshots is an illegal act under copyright law.

Paper hands in cryptocurrencies is a term that refers to investors who are not ready to take risks. These investors immediately begin to close positions even with minimal signs of volatility. Minimizing losses in trading is one of the keys, but selling too early means the trader is missing out on significant profits.

A falling knife is a situation in which there is a sharp decline in the value of cryptocurrencies. Catching falling knives is the most dangerous strategy, following which a trader buys a cryptocurrency at the lowest possible price, hoping for its growth in the future.

Aragon is an open-source governance platform on the Ethereum blockchain that offers tools for anyone to create decentralized organizations. The system has its own ANT token, which gives participants the right to vote on the organization's development. With Aragon, you can quickly create a decentralized organization in a few clicks with just an Ethereum wallet.

A cryptocurrency eclipse attack is a type of cyber attack in which a fraudster creates an artificial environment around the user, using it to commit illegal acts. Eclipse attacks in the cryptocurrency world are very rare due to the decentralized nature of the blockchain.

Diamond hands is a popular term in cryptocurrency, which means that a trader holds investment assets, despite the risks and volatility. This term refers to traders who hold long positions despite extreme market volatility.

Stellar is a blockchain that provides fast and secure international transfers between individuals and organizations. In September 2022, the number of addresses on the Stellar network was over 5 million. The network has its own native coin Stellar Lumens (XLM), which is in the top 50 cryptocurrencies by capitalization. The Stellar blockchain is used by such global money transfer operators as IBM World Wire, MoneyGram, and others.

Cryptocurrency market capitulation is a market crash situation in which investors fear further losses by starting aggressive selling. When most investors decide to sell cryptocurrencies to cut their losses, the price drops sharply. In addition to the rapid fall in prices, capitulation of the cryptocurrency market includes such conditions as high trading volumes and high volatility amid a generally negative market situation.

A bear market is a situation in which cryptocurrencies are traded at a price that has fallen below the previous low by 20% or more. At the same time, you should remember that cryptocurrencies are characterized by increased volatility. So their price can drop sharply even on a bad day and immediately rise again. In a bear market, the price decline persists for some time.

Snapshot is a customizable off-chain voting mechanism that uses digital signatures obtained from the wallets of token holders via snapshots. When a block is chosen, all token holders fix assets. This guarantees the fairness of the voting, as users cannot buy more tokens to influence the results. Off-chain storage of votes is well suited for cases where users have governance tokens on multiple blockchains.

Ankr is a decentralized Web3 provider that allows developers and stakers to interact with multiple blockchains at the same time. Ankr lets you create decentralized applications using RPC and API, work on staking, as well as apply individual solutions for the development of crypto businesses. For the convenience of using the Ankr protocol, the system provides a native Ankr token. The Ankr mainnet, which gives developers and investors access to multiple blockchains through a single decentralized platform, was launched in 2019.