Get started with Web3

Start here 🌈

Learn the basic terms to vibe with Web3

→ GM - Good Morning
→ GMI - Gonna Make It
→ WAGMI - We All Gonna Make It
→ NGMI - Not Gonna Make It
→ Fren - Friend
→ McDonalds - Our backup career plan in case of NGMI
→ PFP - Profile picture / Picture for Proof
→ BUIDL - Build but purposefully misspelled
→ FOMO - Fear Of Missing Out
→ HODL - Hold On for Dear Life (purposeful misspelling of “HOLD")
→ BTD - Buy The Dip
→ BTFD - Buy the Fuking Dip
→ DYOR - Do Your Own Research
→ FUD - Fear, Uncertainty and Doubt
→ Lambo - Lamborghini (crypto term for getting rich)
→ REKT - Wrecked (major losses)
→ ATH - All - Time High
→ ATL - All - Time Low
→ ALT - Altcoin (cryptocurrency other than Bitcoin)
→ CEX - Centralized Exchange
→ CMC - Coin Market Cap
→ DAICO - Decentralized Autonomous Initial Coin Offering
→ DCA - Dollar Cost Averaging
→ DeFi - Decentralized Finance
→ DEX - Decentralized Exchange
→ DLT - Distributed Ledger Technology
→ ERC - Ethereum Request for Comments
→ FIAT - Conventional government issued currency (e.g. US Dollar, Euro)
→ IBO - Initial Bounty Offering
→ ICO - Initial Coin Offering
→ ITO - Initial Token Offering
→ MCAP - Market Capitalization
→ PnD - Pump and Dump scheme
→ OTC - Over the Counter
→ SATS - Satoshis (the smallest denomination of a Bitcoin: 0.00000001 BTC)
→ STO - Securities Token Offering
→ TPS - Transactions Per Second
→ Tx - Transaction
→ TxID - Transaction ID
→ UTXO - Unspent Transaction