Terminology in Crypto: DeFi

❤️DeFi, or Decentralized Finance, is a new financial system built on blockchain. Unlike traditional banks, DeFi doesn't need intermediaries. All operations here happen automatically, thanks to smart contracts.

🙏Why is DeFi so popular?

- Accessibility: Anyone with internet access can participate.
- Transparency: All transactions are recorded on the blockchain and are visible to everyone.
- Security: Smart contracts operate under strictly defined rules.

⚡️Key components of DeFi:

- DEX (Decentralized Exchanges): Allow you to trade cryptocurrencies without intermediaries.
- Smart contracts: Self-executing contracts, the backbone of DeFi.
- Staking: Earning rewards for holding cryptocurrency.
- Lending: Lending cryptocurrency for interest.

🙏Features of DeFi:

- Democratization of finance: Anyone can become a participant in the financial system.
- Financial independence: Less dependence on banks and other financial institutions.
- Volatility: Cryptocurrency prices can fluctuate significantly.

So, DeFi is a promising direction in the world of finance. However, like any new technology, it comes with risks. Before investing in any DeFi project, thoroughly research all aspects and don't forget about financial security rules.

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#term #education #crypto #DeFi

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⚡️Donald Trump officially took office as the 47th president of the USA

Today he plans to sign over 100 executive orders, including:
➖ An order recognizing only two genders: male and female;
➖ Declaration of drug cartels as terrorist organizations;
➖ Sending troops to the southern border of the USA to stop illegal immigration;
➖ Renaming the Mexican Gulf to the Gulf of America.
➖ Today marks the beginning of the 'golden age' of America;
➖ We will reclaim the Panama Canal;
➖ We will send our astronauts to explore new planets, we will send them to Mars.

Do you think under Trump Bitcoin will rise to $1M?

@EdutonEng @EdutonEngChat

We don’t know what tomorrow holds ¯\_(ツ)_/¯
But we do know what’s happening today!
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Terminology in crypto - halving

⚙️ Halving is a mechanism built into the algorithm of some cryptocurrencies that cuts the reward for miners in half for each block mined. This happens at specific intervals, as specified in the cryptocurrency protocol.

Why is it important?

💦 Limited Supply: Halving helps to maintain the scarcity of cryptocurrency, which can positively affect its value.
✅ Stability: This mechanism contributes to a more stable inflation rate in the cryptocurrency network.
💼 Market Discipline: Halving creates certain cycles in market activity, which can influence investor behavior.

How halving works in the example of Bitcoin:

💡 Initial Reward: When the Bitcoin network was launched, the block reward was 50 BTC.
🧠 Subsequent Halvings: Every 210,000 blocks (approximately every 4 years), the reward is halved: 25 BTC, 12.5 BTC, 6.25 BTC, and so on.
‼️ Limit: The maximum number of Bitcoins that will ever be mined is limited to 21 million.

What happens during halving:

🔥 Reduced Reward: Miners receive fewer coins for each mined block.
👾 Possible Market Reaction: Historically, Bitcoin halvings have often led to price increases, but this does not guarantee a repeat of this scenario in the future.
🔥 Change in Mining Difficulty: The network automatically adjusts the mining difficulty to maintain the average time to find a new block at about 10 minutes.

#term #education #crypto #halving

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Terminology in crypto - smart contract

What’s a Smart Contract?
Imagine a robo-lawyer that auto-executes deal terms. That’s a smart contract! It’s a self-executing agreement with the terms baked straight into code. No middlemen, no delays.

How does it work on TON?

❤️TON Blockchain: It’s a decentralized network where all transaction data is stored.
⭐️ Smart Contracts on TON: These are programs that live on the blockchain and auto-execute when certain conditions are met. For example, when a specific amount of coins is transferred.


Perks:

🔒Security: All actions are recorded on the blockchain and can’t be tampered with.
🦋Transparency: All contract terms are visible to everyone in the network.
💡Automation: Contracts execute automatically, no third parties needed.

Use Cases for Smart Contracts on TON:

🧠DEXs (Decentralized Exchanges): Buy/sell crypto without middlemen.
💰 Tokenization of Assets: Turn any asset (real estate, stocks) into digital tokens.
❤️ Fractional Investments: Throw small bags into big projects.
⚙️ DAO Governance: Make collective decisions without centralized control.

#term #learn #crypto #smartcontract

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Things aren't as bad as they seem (they're worse :D)

⚡️ByBit's CEO announced that liquidation data on the crypto market is being heavily understated!
Real volumes could be 4-5 times HIGHER than official figures!
ByBit alone liquidated $2.1 billion in a single day, while Coinglass shows only $333 million.

‼️ It's all about API limitations!
Exchanges are hiding the real liquidation volumes so they don't scare the normies!

💡ByBit decided to reveal the whole truth and will be transmitting liquidation data in real time to increase transparency.

Did you get rekt last night? Tell us in the comments!

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Terminology in crypto - Tokenomics

Tokenomics is the economic model underpinning cryptocurrencies and blockchain projects. It defines the rules for creating, distributing, and using tokens. Essentially, it's the economy built around digital assets.

Why is it important?
👛 Token Value: Tokenomics dictates why a token has value. This could be tied to its use within an ecosystem (e.g., paying for services), limited supply, or other factors.
🔥 Project Participation: Tokens are often used to reward project participants, vote on changes, and other forms of interaction.
⚡️ Investment Appeal: By understanding tokenomics, investors can assess a project's potential and make more informed decisions.

Let's break down tokenomics using the upcoming drop from *random token($RT) as an example:

- We know the total supply is 200 million.
- From this, we can infer that if the market cap is 100 million, then we'll get 0.5$ per token.

#terminology #education #crypto #tokenomics

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What's a DAO?

DAO (Decentralized Autonomous Organization) is a decentralized autonomous organization that runs on a blockchain.

How does it work?

All decisions in a DAO are made collectively, through voting by the participants. The DAO code is transparent and available to everyone, which ensures openness and honesty.

Advantages of DAO:

🛸 Decentralization: decisions are made collectively, without a "big boss".
⚙️ Autonomy: works automatically based on smart contracts.
🦋 Transparency: the code is open to everyone, no secrets!
🔥 Security: the blockchain protects against hacking. ️

Where is DAO used?

⭐️ Project management: development, content creation.
🫀 Community management: development, decision-making. ️

Examples of DAO:

⚡️ MakerDAO: manages the DAI stablecoin.
⚡️ Uniswap: decentralized exchange.
⚡️ Compound: lending protocol.

In which blockchains?

Ethereum, EOS, Tezos and others. Ethereum is the most popular.

DAO is the future of governance. Decentralization, autonomy, transparency and security are the main advantages.
#terminology #education #crypto #DAO

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What is crypto sniping?

👁Token sniping is a strategy used by crypto traders to profit from rapid price changes of a new token immediately after its launch on DEX platforms. It is based on the use of bots to automatically buy a token in the first seconds of its appearance on the market, while the price has not yet had time to grow.

Unlike classic crypto exchanges, where orders are executed through an order book, on DEX trading takes place through a liquidity pool. Each trading pair is represented by a pool containing two assets. The price is formed by an automated market maker (AMM) algorithm, which redistributes the balance of assets in the pool depending on supply and demand.

How it works:
💬 Search for new tokens: Traders look for information about upcoming launches of new tokens on various platforms, such as Initial DEX Offerings (IDOs) or Launchpads.
💬 Writing a bot: A special bot is created that will automatically buy tokens immediately after their launch. The bot must be configured for specific parameters, such as the number of tokens to buy, the maximum price, and others.
💬 Launching the bot: The bot is launched immediately before the start of trading a new token. It connects to the blockchain and starts "listening" for events related to the token launch.
💬 Buying tokens: As soon as the token becomes available for purchase, the bot instantly sends a transaction to buy a specified number of tokens.
💬 Selling tokens: After the token price rises, the trader sells the purchased tokens, making a profit.

Recent example:

The case with the BROCCOLI memecoin, which appeared after the Binance founder's post about his dog, shows the work of sniping. The sniper instantly bought up almost all BROCCOLI tokens on the BNB Chain after they appeared on the DEX. He used bots to monitor the blockchain and priority transactions. Then he split the assets into several wallets and gradually sold them through the Disperse service. When ordinary traders began to buy BROCCOLI en masse, the sniper took profits, receiving about $28 million.

Advantages/disadvantages of token sniping:
💬 High profit: With successful sniping, a trader can make a significant profit in a short period of time.
💬 Automation: Using bots allows you to automate the process of buying and selling tokens, which saves the trader's time.
💬 High competition: There is a lot of competition in this area, and other traders may also use bots for sniping.
💬 Technical difficulties: Writing and configuring a bot requires certain technical knowledge and skills.
💬 High cost: creating such a bot costs tens of thousands of dollars.
💬 Market instability: The cryptocurrency market is very volatile, and the token price can quickly change in any direction.
💬 Fraud: There is a risk of falling for fraudulent projects that can use sniping to manipulate the token price.
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#term #learning #crypto #sniping
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