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For information and learning only. Not investment advice. Crypto assets involve risk.

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Glossary

Terms50 shown

AlphaThe earliest runnable stage in the software release lifecycle, used for internal testing, identifying major issues, and collecting feedback for improvement.
Angel InvestorA high-net-worth individual who provides personal capital to fund early-stage startups in exchange for equity or convertible debt.
BagholderPeople who hold bags for the long term usually specifically refers to those who continue holding after the asset has performed poorly.
Delta NeutralA strategy that combines positions in different directions so that the overall portfolio value is less affected by small price movements in the underlying asset.
Ether (ETH)The native asset of the Ethereum network, appearing earlier than ERC-20, and therefore not natively compliant with this standard.
Futures contractsIn the futures contracts market described in the text, participants can trade contracts without necessarily intending to take delivery of the underlying asset.
Layer 1The underlying blockchain network that provides final settlement and foundational security for Layer 2.
Non-Fungible Token (NFT)A type of crypto token that represents unique digital assets or real-world assets and is not interchangeable with another.
Real-world asset (RWA) tokensTokenized representations of real estate, commodities, government bonds, and other physical or financial assets that can be issued and traded on-chain.
StablecoinsA class of interchangeable crypto assets that anchor to the same underlying value across entities; examples in the text include USDT and USDC。
TokensDigital units issued on a blockchain that can be used to access products or services, represent rights to real-world assets, or grant voting rights in protocol governance.
TradFi perpetual contractsTracking stocks,ETF commodities or indices, and other traditional financial assets, but without conferring ownership of the underlying assets, are perpetual contracts.
USDT-margined perpetual contractA derivative contract with no expiration date, denominated and settled in USDT, and referencing the price of the underlying asset.
Web 1.0The early “read-only” phase of the Internet was characterized primarily by static pages and one-way information dissemination, with ordinary users mainly browsing content.
beta testersExternal testers who are not part of the development team or company, responsible for identifying bugs and providing feedback from a real-world user perspective.
deltaA measure of how much the value of a position changes in response to changes in the price of the underlying asset.
initial coin offerings (ICOs)A mechanism primarily used by projects to raise funds in the early stages; participants typically do not receive ownership in the company.
layer-2A scaling solution built on top of the underlying blockchain, designed to reduce mainnet congestion, lower fees, and accelerate interactions.
objectivityThe capability of a new node to rapidly identify the active chain based on clearly defined rules and synchronize it with the system’s valid state.
off-chainIndicates that interactions or status updates are completed privately between participants rather than being recorded individually on the underlying blockchain.
open alphaAnyone can access and test an early-stage open alpha, which can generally collect broader data.
penetration testSimulate real-world attacks to probe the system's weaknesses and defensive capabilities.
real-world TPSThe average number of transactions processed per second observed in real-world operation.
Satoshi Nakamoto2008 A pseudonym used in the Bitcoin white paper and early development; the real-world identity of the individual or team cannot be determined from this.
Proactive verification service (AVS)A method of continuously monitoring and verifying digital services to identify issues early and maintain system security, performance, and reliability.
Token Generation Event (TGE)The process by which a blockchain project creates and distributes its native token, which can be used to raise funds, build an early user base, or launch products and services.
Going LongA trader establishes a corresponding directional position in a contract in anticipation of the underlying asset’s price rising.
Short SellingA trader establishes a corresponding-direction contract position in anticipation of the underlying asset’s price falling.
Fungible tokenTokens whose units have identical attributes and are interchangeable with one another, similar to units of real-world currency of the same denomination.
Physical deliveryUpon expiration of the futures contract, the actual underlying asset is delivered to the buyer.
Logarithmic RegressionA method used to smooth price fluctuations and model long-term price trends; its underlying assumptions may not continue to hold as the market changes.
Binance AlphaBinance Alpha is a platform focused on early-stage DeFi tokens, and its AI skill can access public market data without identity verification.
Ponzi schemeA scam that uses funds from new investors to pay purported returns to early participants, without any genuine profit-generating strategy.
Futures ETFthat does not directly hold the underlying asset, but uses futures contracts to gain exposure to the relevant asset ETF。
Leveraged ETFAn exchange-traded fund that uses derivatives such as swaps, futures, or options to seek to magnify the daily returns of an underlying asset by a fixed multiple.
European optionAn option type that can be exercised only at expiration and cannot be exercised early.
Bitcoin CoreThe name adopted by the original Bitcoin client software since 2014 is open-source software maintained by contributors worldwide.
Spot Bitcoin ETFDirectly holds Bitcoin as the underlying asset, with performance typically closely linked to the real-time value of the Bitcoin held.
Perpetual ContractA derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
Liquid restaking token (LRT)A transferable token issued by the protocol when users restake assets, representing the user's claim on the underlying position and its rewards.
State growthThe phenomenon of persistent data, such as accounts and contracts, continually increasing; overly rapid growth raises the storage and operating costs of nodes.
Real-World Assets (RWA)Refers to tangible assets with intrinsic value, such as real estate, commodities, and works of art, that can be used on a blockchain after tokenization.
Spot ETFDirectly holds the underlying assets, with its fund units corresponding to the actual assets held in custody ETF。
Cash settlementUpon futures expiration, cash is transferred based on the difference between the contract price and the market price of the underlying asset.
Fractional sharesAn equity interest of less than one whole share, allowing users to gain partial investment exposure to the underlying stock with a smaller amount of money.
Seed TagA tag used by Binance to identify cryptocurrencies in the early development stage that may have higher volatility and risk.
Remove liquidityThe developer uses the liquidity pool (LP) tokens to withdraw the underlying assets from the pool, draining it and making it difficult for other holders to sell.
Dividend stockA company stock that regularly pays dividends to shareholders.
Security tokenIn the text, this refers to an on-chain certificate representing rights or economic interests in a specific financial instrument; it does not thereby automatically constitute direct equity ownership in the underlying company.
Funding rateA fee paid periodically between long and short positions to help keep the price of a perpetual contract close to the price of the underlying asset.

Definition

Tokens

Digital units issued on a blockchain that can be used to access products or services, represent rights to real-world assets, or grant voting rights in protocol governance.

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