Crypto glossary

Abbreviation, Slang of crypto world

CEX

Centralize Exchange: A centralize exchange that allow people to trade cryptocurrency. You need to setup account and password, and CEX can help you recover your password if it's lost.

DCA

Dollar Cost Average: Sell or buy your assets into multiple orders to get an average price rather than trying to sell the highest and buy the lowest.

DEX

Decentralize Exchange: A decentralize exchange that allow people to trade cryptocurrency. You have full control of your own wallet and your assets, where no one can recover for you.

Defi

Decentralized finance: This is the idea behind cryptocurrency, the concept that people can use finance service without a bank account.

DYOR

Do your own research: You need to come out with your own conclusion after intensive study of a specific project or protocol

FOMO

Fear of missing out: People fear to be left behind so they invest without research.

FUD

Fear, uncertainty, doubt:

HODL

Hold on for dear life: You hold the assets and you never sell!

Rugpull

Pull off all liquidity and sell all token the team have without informing protocol users.

Whale

Someone who owns a lost of cryptocurrencies, with the power to affect the price of the coin/token

BSC

Binance Smart Chain: An EVM compatible chain from Binance

PCS

Pancakeswap, the largest Dex in BSC

EVM

Ethereum Virtual Machine: The Ethereum design based blockchain which might have their own consensus and gas token but are following similar fundamental. Most of EVM compatible chain use wallet address with "0x" and can be access through Metamask.

BEP-20

A token format in BSC. You need tokens in BEP-20 format to work in BSC. For example, the BNB token in BSC is in BEP-20 format, while BNB in Ethereum is in ERC-20 format.