Glossary

Affiliate marketing

A marketing arrangement by which an online retailer pays commission to an external website for traffic or sales generated from its referrals.

Blockchain

a system in which a record of transactions made in cryptocurrency are maintained across several computers that are linked in a peer-to-peer network.

Crypto

Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.

Defi

Decentralized finance (DeFi) refers to the infrastructure, processes, and technologies used to democratize financial transactions.

Drop

An NFT drop is the release of a non-fungible token project. A drop refers to the exact date, time, and generally the minting price of the NFT.

Minting

The process of creating an NFT on the Blockchain is called "Minting".

NFT

An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos.

QR Code

a machine-readable code consisting of an array of black and white squares, typically used for storing information for reading by the camera on a smartphone.

Staking

Staking offers crypto holders a way of putting their digital assets to work and earning passive income without needing to sell them.

Wallet

A cryptocurrency wallet is an app that allows cryptocurrency users to store and retrieve their digital assets.