DEETs ACADEMY

*Newbies to Cryptocurrency you may find these terms useful as you will often come across them.* *Crypto currency related terms* *1. Fiat -* Government-issued currencies i.e Naira, Dollar, Euro,Yen etc *2. Blockchain -* the technology of cryptocurrency that keeps the system secure and decentralized.  *3. DEFI -* (Decentralized Finance) is an ecosystem that operates independently, free of third parties or exchanges. Defi involves the use of decentralized exchanges and wallets to trade tokens. *4. CEFI -* (Centralized Finance) had always been the standard for trading Crypto before DEFI. CEFI involves the use of companies operating exchange platforms like Binance, FTX etc *5. White paper -* A white paper is a document that outlines what a cryptocurrency is created to do and how it will achieve it.  *6. Tokenomics -* This is a combination of Token & Economics. It helps understand the supply and demand characteristics of a cryptocurrency *7. ICO-* Stands for ‘Initial Coin Offering’, which is where a new cryptocurrency gives away some coins at a discounted rate usually to finance the project. *8. IDO -* Stands for ‘Initial DEX Offering’ refers to the launching of a cryptocurrency on a decentralized exchange (DEX) usually at a price lower than the listing price in order to raise funds. *9. Tokens -* There is a difference between Coins and Tokens. A coin is an asset that is native to its own blockchain. E.g Bitcoin, Ethereum, Solana Tokens are created on existing blockchains. I.e Every cryptocurrency created under BSC, SOL, ETH or any other blockchain is not a coin but a Token. E.g $AFEN (Bsc), $COPE (Sol), $UNI (Eth) Tokens are the backbones of DEFI & exist to be used with DEX. *10. Market cap -* The total trading value of a cryptocurrency. Calculated by (Current Price x Circulating Supply= Mcap) For example, a coin with 1 million coins in circulation selling at $1 would have a market cap of $1million. *11. Stablecoin -* A cryptocurrency that is tied to the value of the US dollar to make it more stable and less volatile. E.g USDT, BUSD, USDC, TUSD *12. Pump and dump -* This is a rise and fall in price of tokens that mostly have no real usecase but are likely to grow due to hype. Once the price reaches a high point, people sell off all that they own and the price falls drastically. *13. Bagholder -* This term is for someone left with a cryptocurrency after a pump and dump. E.g Everyone holding Shitcoins after they fall🥴 *14. Gas -* A fee for validating a transaction. *15. Rekt Slang for ‘wrecked’.* It implies that the user lost a lot of money on cryptocurrency. *16. Moon -* A belief that a Cryptocurrency will rise exponentially in price. *17. HODL -* A drunken misspelling of the word ‘hold’ which is now a slang people use when they say they are going to wait and hold onto a cryptocurrency. *18. NFT -* (Non Fungible Tokens) NFTs enable people to buy and sell collectibles like art, music and trading cards using smart contracts. NFTs can work like any other speculative asset, where you buy it and hope that the value of it goes up one day, so you can sell it for a profit. *19. DYOR -* (Do Your Own Research) often aims to reduce the number of uninformed investors in cryptocurrency. It encourages them to research and understand a cryptocurrency before investing. *20. NFA -* (Not a Financial Advise) The term is also often used as a disclaimer when cryptocurrency traders and enthusiasts make public posts or share their market analyses on social media platforms. The market cannot be 100% predictable and even a “Correct” analysis can fail so it’s important that users apply discretion while investing. *21. Whale -* A crypto whale is wealthy individual or a company that can move large amounts of cryptocurrency in one go. This can have a big impact on the market. —Learning these cryptocurrency terms will make it easier to understand how cryptocurrency works.

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If you're taking this class for granted... I have some bad news for you. Currently, no one is holding a class in crypto, only us.. Infact i have to force my team to do this because everyone is busy chasing there bags Sooner, you will look for who will teach you crypto, even with your money, nobody will be free to teach you. That's it.....!!

Here is a video explanation of Ethereum block chains. Watch it.. We will have some discussion about it today https://youtu.be/e0eYoQl60FQ?si=hs9dzeMLO74NnbBy

Good morning guys....!!

Tomorrow we will talk about sniping, trading bot, blockchains, dexs on each blockchains...! I will drop the recordings... We will answer all questions tomorrow on defi and Airdrop.

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Market cap (MC) Fully diluted valuation (FDV) Token price Volume Buys and sells

Lending and borrowing Perpetual trading Spot trading Degen trading Liquidity mining Staking and restaking Banking/ savings

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You should flex your Sunday...! We will resume our classes tomorrow. 7pm..!!! I will also send videos on other blockchains for you to watch tonight. See you all tomorrow..

Good evening guys??!! Please who is active????

Happy sunday guys..! Next blockchain we should look at the analysis will be..! Solana. https://youtu.be/DdR-lBf16w4?si=crWGFwO0V7q1gHn- Make time to watch it.. Will ask some questions about these two blockchains tonight….

Cosmos Blockchain This a blockchain, where many other blockchains are built on..! watch it.. https://youtu.be/a0QfbJaZ1uM?si=p_pbryOwEIocI2NX Give me feed back when done, so we move to the next blockchains..!

ok, i will drop link to blockchains videos tonight…! So you understand blockchains first..! - Each blockchains has unique characteristics, so that will help you alot to understand stuff. after watching the videos, you can replay todays space, you will see you will understand it more..!

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