Terminology Crypto update P2 (for defi system)
1. Smart Contract - Smart contract of the Defi project.
2. Project contract - is a sequence of characters representing the name of the project. You need a contract to add to the display section to display the coin balance in your defi wallet.
3. BRIDGE - is the connection between one chain and another chain in the fastest way, saving time, but the fee will also be higher than swap.
4. ADD LP - We will contribute part of the liquidity to the defi project, and in return, will receive a fee when the project makes a profit.
5. Airdrop - a form of users participating in a product review experience and receiving a small reward.
6. Tax - Transaction fee when swapping on the dex exchange, each project needs to clearly understand how much tax is required to swap. Don't get caught off guard on taxes.
7. Gas - Gas will determine your transaction speed on Dex. High gas will be prioritized for transactions first. When overloaded, raise the gas in the customization section to receive priority confirmation.
8. Dapp - Application used on defi - you need to paste the link of that Dapp into a wallet that supports Dapp to participate and use.
9. Testnest - before the project is officially released, a trial version will be released for the community to experience and evaluate. Depending on the project, there will be an Airdrop but it will not be announced to avoid being cheated.
10. Mainnet - The project has officially released, now you will use the platform honestly.
