Today, I have sorted out the introduction of cryptocurrency opening, all-in-one, airdrop, lock-up, private placement, etc. For those who are not familiar with the "jargon" of the cryptocurrency circle, hurry up and learn:

1. What is legal tender?

Legal tender is legal tender, issued by the state and the government, and only guaranteed by the government's credit, such as RMB, US dollar, etc.

2. What is token?

Token, usually translated as pass. Token is one of the important concepts in the blockchain. It is more widely known as "token", but in the eyes of professional "chain circle" people, it is more accurately translated as "pass", which represents a kind of equity proof on the blockchain, not currency.

Three elements of token

First, digital equity proof. The pass must be a digital equity certificate, representing a right, an inherent and intrinsic value;

Second, encryption. The authenticity, tamper-proof, and privacy protection of the pass are guaranteed by cryptography;

Third, it can flow in a network, so it can be verified anytime and anywhere.

3. What is opening a position?

Opening a position in the cryptocurrency circle is also called opening a position, which refers to a certain amount of digital currency newly bought or sold by a trader.

4. What is Stud?

Stud in the coin circle means investing all the principal.

5. What is an airdrop?

Airdrop is currently a very popular way of marketing cryptocurrencies. In order to allow potential investors and people who are keen on cryptocurrencies to obtain information about tokens, the token team will frequently conduct airdrops.

6. What is a lock position?

Lock position generally refers to the opening of a new position opposite to the original position by investors after buying and selling contracts when the market shows a trend opposite to their own operations. It is also called lock, lock order, or even called butterfly double flying.

7. What is candy?

Candy in the coin circle refers to the digital currency that various digital currencies are distributed to users for free when they are just issued at the ICO. It is a kind of hype and publicity for the project itself by the issuer of the virtual currency project.

8. What is a break?

Break refers to a drop, and issue refers to the issue price of the digital currency. A break in the coin circle means that a certain digital currency has fallen below the issue price.

9. What is private placement?

Private placement in the coin circle is a way to invest in cryptocurrency projects, and it is also the best way for the founders of cryptocurrency projects to raise funds for platform operations.

10. How to read the candlestick chart?

The candlestick chart is also called candlestick chart, Japanese line, yin-yang line, bar line, red and black line, etc. The common term is "K line". It is drawn based on the opening price, highest price, lowest price and closing price of each analysis period.

11. What is arbitrage?

Recharge cash to platform A with a lower price, and then buy Bitcoin; then withdraw Bitcoin from platform A, and recharge it to platform B with a higher price immediately after receiving it; after the recharged Bitcoin arrives at platform B, sell it immediately, withdraw the received cash immediately, and then repeat the steps.

12. What is ICO?

Initial Coin Offering, derived from the concept of initial public offering (IPO) in the stock market, is a financing behavior of blockchain projects in which virtual currencies issued by themselves are exchanged for virtual currencies commonly circulated in the market.

13. What is hedging?

Generally, hedging is to conduct two transactions with related market conditions, opposite directions, equal quantities, and offsetting profits and losses at the same time. In the futures contract market, buy the same quantity of positions in different directions. When the direction is determined, close the opposite position and keep the positive direction to make a profit.

14. What is a position?

A position is a market agreement that promises the initial position of a contract. Buyers of contracts are long and are in a position to expect a rise; sellers of contracts are short and are in a position to expect a fall.

15. What is good news?

Good news: news that a currency has received attention from the mainstream media, or a certain technical application has made breakthrough progress, which is conducive to stimulating price increases.

16. What is bad news?

Bad news: news that causes the price of a currency to fall, such as Bitcoin technical problems, central bank suppression, etc.

17. What is trading volume?

It reflects the number of transactions and the number of buyers and sellers. It can generally be measured by the number of transaction coins and the transaction amount.

18. What is a rebound?

The price adjustment phenomenon in which the price of a currency rebounds due to a rapid decline in a downward trend. The rebound is smaller than the decline.

19. What is consolidation?

Usually refers to a market with a small price fluctuation, relatively stable, and a small difference between the highest and lowest prices.

20. What is a callback?

In a bull market, the price of a currency rises strongly, but due to the rapid rise in prices, there is a temporary decline, which is called a callback. The decline is smaller than the increase.

21. What is leverage?

Leveraged trading, as the name suggests, is to use small amounts of funds to invest several times the original amount, in the hope of obtaining multiple returns or losses relative to the fluctuations in the investment target.