📝Glossary Of Terms

NFT: Non-Fungible Token

OS: OpenSea, the main Ethereum-based NFT marketplace.

SOL: Solana, a cryptocurrency.

WAGMI: "We're all gonna make it"

NGMI: "Not gonna make it"

LFG: "Let's Fvcking Go"

FOMO: "Fear of missing out"

HODL: "Hold on for dear life"

Liquidity: 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).

Floor (Price): The lowest price to purchase something in a project

Delist: Delisting your NFT ex. Delist because the price is rising

Mint: The initial issue of NFTs in a project

Roadmap: The set of activities a NFT project will plan to do to add value to the community.

Gas/Gas Wars: When everyone tries to buy/sell at the same time, gas increases (the fee to buy/sell).

Rug (Rug Pulled): When a pump and dump happens, you get the rug pulled on you if you were still holding when they dumped the project.

Derivative: Projects derived from an original project, or an alternative version of one. ex. CryptoPunks and other variations of Punks.

DYOR: Do your own research

NFA: Not financial advice

Pump/Dump: 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!)

Ape: To ape into something means to buy a lot of. ex. I aped into HollywoodPunks (I bought a bunch of HollywoodPunks)

Paper hands: 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.

GM: "good morning," way of "logging in" in a server.

GN: "good night," way of "logging out" from a server.

Degen: 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.

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