# Glossary Of Terms

<mark style="color:yellow;">**NFT:**</mark> Non-Fungible Token

<mark style="color:yellow;">**OS:**</mark> OpenSea, the main Ethereum-based NFT marketplace.

<mark style="color:yellow;">**SOL:**</mark> Solana, a cryptocurrency.

<mark style="color:yellow;">**WAGMI:**</mark> "We're all gonna make it"

<mark style="color:yellow;">**NGMI:**</mark> "Not gonna make it"

<mark style="color:yellow;">**LFG:**</mark> "Let's Fvcking Go"

<mark style="color:yellow;">**FOMO:**</mark> "Fear of missing out"

<mark style="color:yellow;">**HODL:**</mark> "Hold on for dear life"

<mark style="color:yellow;">**Liquidity:**</mark> Availability of liquid assets (cash) ex. if you do not have liquidity you do not have the cash to buy into something so you might sell one of your NFTs to get liquidity (cash).

<mark style="color:yellow;">**Floor (Price):**</mark> The lowest price to purchase something in a project

<mark style="color:yellow;">**Delist:**</mark> Delisting your NFT ex. Delist because the price is rising

<mark style="color:yellow;">**Mint:**</mark> The initial issue of NFTs in a project

<mark style="color:yellow;">**Roadmap:**</mark> The set of activities a NFT project will plan to do to add value to the community.

<mark style="color:yellow;">**Gas/Gas Wars:**</mark> When everyone tries to buy/sell at the same time, gas increases (the fee to buy/sell).

<mark style="color:yellow;">**Rug (Rug Pulled):**</mark>**&#x20;** When a pump and dump happens, you get the rug pulled on you if you were still holding when they dumped the project.

<mark style="color:yellow;">**Derivative:**</mark> Projects derived from an original project, or an alternative version of one. ex. CryptoPunks and other variations of Punks.

<mark style="color:yellow;">**DYOR:**</mark> Do your own research

<mark style="color:yellow;">**NFA:**</mark> Not financial advice&#x20;

<mark style="color:yellow;">**Pump/Dump:**</mark> Mass buying to pump a project then mass selling to make a profit, but can f\* a lot of people over (and is not ethical to do!)

<mark style="color:yellow;">**Ape:**</mark> To ape into something means to buy a lot of. ex. I aped into HollywoodPunks (I bought a bunch of HollywoodPunks)

<mark style="color:yellow;">**Paper hands:**</mark> To have paper hands means you fold under little pressure, so if the floor seems to dip, you are quick to fold and try and lower your price to get out.

<mark style="color:yellow;">**GM:**</mark> "good morning," way of "logging in" in a server.

<mark style="color:yellow;">**GN:**</mark> "good night," way of "logging out" from a server.

<mark style="color:yellow;">**Degen:**</mark> Shorthand for Degenerate. Degen trading or Degen mode is when a trader does trading without due diligence and research, aping into signals and FOMO into pumps. A Degen Trader does not know about metrics like FDV or TVL nor do they care. They will buy because the asset logo looks cute, or because the slogan is memeable, or because some twit-famous anime girl on the internet says she's looking into crypto and the first two shill comments gets more likes than others. Essentially, a degen trader buys into an asset not because they see value, rather they do so with the belief that others will join in after them and speculate on the price swings.

<mark style="color:yellow;">**Magic Eden:**</mark> The leading NFT Marketplace on Solana. Home to the next generation of digital creators. Discover the best and latest Solana NFT collections.