📚Dictionary

Overview

Use this glossary for quick definitions of common crypto and SmartDeFi terms.

• Blockchain: A distributed ledger that records transactions on a network.

• Token: A digital asset that represents value, utility, or ownership on a blockchain.

• Decentralized Finance (DeFi): Financial tools and services built on blockchain networks without traditional intermediaries.

• Decentralized Exchange (DEX): A platform for peer-to-peer token trading without centralized custody.

• Centralized Exchange (CEX): A trading platform run by a central operator that holds custody of user assets.

• Smart Contract: Code deployed on a blockchain that executes predefined logic automatically.

• Presale: A fundraising event that gives participants early access to a project before public trading.

• Wallet: A tool for storing, sending, and receiving blockchain assets.

• Wallet Address: The public destination used to receive tokens or coins.

• Seed Phrase: The recovery phrase that gives full access to a wallet.

• Staking: Locking tokens in a protocol to earn rewards.

• Hardcap: The maximum amount a project aims to raise in a fundraising event.

• Softcap: The minimum amount needed for a fundraising event to be considered successful.