What is AMA?
Ask-me-anything generally refers to the event held by the project team or event organizer to answer user questions.
What is APR?
The annual percentage rate refers to the simple interest earned after one year, the amount of interest that does not take into account the effect of compound interest
What is AMM?
Automated market maker, a tool used to provide liquidity in decentralized finance to enable automated trading of digital assets.
What is Liquidation?
As the token price changes, if the user's borrowed assets rise or the mortgage assets fall, causing the user's debt value to exceed the security threshold of the mortgage assets, it will be liquidated. At this point, the DeFi protocol will allow others to buy your collateral.
What is LPs?
In the DeFi space, LPs refer to liquidity providers, users who provide funds and liquidity to liquidity pools.
What is KYC?
KYC means know your customer. KYC certification generally includes name, certificate number, and mobile phone number.
What is Private Key?
A private key is a string of random numbers used to sign transactions and prove ownership of a blockchain address.
What is POAP?
Proof of Attendance Protocol (POAP) is a new way of keeping a reliable record of life experiences. Each time they take part in an event, POAP collectors get a unique badge that is supported by a cryptographic record. These badges are Non Fungible Tokens (NFT) and open a whole new world of possibilities.
What is Bitcoin?
Bitcoin is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
What is ETH?
Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH or Ξ) is the native cryptocurrency of the platform. Among cryptocurrencies, Ether is second only to Bitcoin in market capitalization.
What is XRP?
XRP is an open-source digital asset built to be the most practical cryptocurrency for applications across the financial services space.
What is PoS?
Proof of Stake, known as coin holding mining, is a consensus mechanism algorithm proposed in the Bitcointalk forum in 2011, an alternative to the Proof of Work mechanism (PoW), aiming to reduce the resource consumption caused by a large number of operations.
What is DPoS?
DPoS (Delegated Proof Of Stake) refers to Proof of Stake. It has more "delegation" than PoS (Proof of Stake), which means that it is constructed under the concept of PoS. PoS (Proof of Stake) must stake cryptocurrencies in smart contracts, and whoever has more cryptocurrencies (who has more money) will be more able to fight for new blocks.