

FULLFORMDEFINITION
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your Cryptocurrency knowledge and support exam preparation. Choose a topic below to get started.
7802. |
DOR meaning in Cryptocurrency ? |
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Answer» INFO: Full form for DOR is DogyRace in Cryptocurrency category
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7803. |
DOR meaning in Cryptocurrency ? |
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Answer» INFO: Full form for DOR is DoragonLand in Cryptocurrency category
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7804. |
LIT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for LIT is Lition in Cryptocurrency category
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7805. |
LIT meaning in Cryptocurrency ? |
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Answer» $LIT began with a group of builders of other protocols and tokens asking the question: "Are we using this technology to its full potential if there are still whole sections of the marketplace that are not on-chain?" So far most of the world’s knowledge and experience with NFTs has involved static JPEG-type files and short GIF-type files. But how do artists, creators, and businesses that work in other media get to contribute to this movement? And what’s the disruption for these industries, in the way that NFTs have disrupted the highly gated, high-commissioned, and often exploitative gallery model? One of the goals of $LIT is to expand this ecosystem and the options on-chain for creators of all types. Starting with Project One. Using an innovative smart contract created by Transient Labs, this project is, to the best of our knowledge, is the first book minted to the Ethereum blockchain. The book can be read page by page, in its entirety, directly on OpenSea and other NFT marketplaces. reference
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7806. |
LIT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for LIT is Litentry in Cryptocurrency category
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7807. |
DHD meaning in Cryptocurrency ? |
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Answer» INFO: Full form for DHD is Doom Hero Dao in Cryptocurrency category
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7808. |
LUD meaning in Cryptocurrency ? |
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Answer» The Ludos Protocol is a decentralized solution game ecosystem. The protocol is mainly composed of three parts:Main chain + multi-sidechain infrastructure, Toolbox for game developers, DApps, and incentivized game ecosystem. Ludos aims to use blockchain technology and token economy to reform the game industry, enhance the flow of resources between upstream and downstream industries, provide game players with a more transparent gaming environment, and bring more customer flow and new opportunities to developers. reference
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7809. |
GLT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for GLT is GlobalToken in Cryptocurrency category
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7810. |
GLD meaning in Cryptocurrency ? |
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Answer» GLD Digital Share is based on and backed by real assets, Goldario (GLD) token is launched in BEP20 using Binance Smart Chain Contract. GLD is redefining the eco cycle for precious metals, stones and jewellery by utilizing the power of blockchain and cryptography. Goldario is the world’s first platform that strives to revolutionize the eco-cycle of mining of precious metals (gold), stones (emeralds), jewellery manufacturing and retail business. This financial instrument is a digitized share in gold and emerald mines and in-house jewellery production for the world market. Goldario aims to harness the power of innovative blockchain technology and will replace the entire eco-cycle: right from mining ore to finished retail products, and the steps in between. reference
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7811. |
FLN meaning in Cryptocurrency ? |
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Answer» INFO: Full form for FLN is Flinch Token in Cryptocurrency category
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7812. |
FNC meaning in Cryptocurrency ? |
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Answer» INFO: Full form for FNC is Fancy Games in Cryptocurrency category
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7813. |
CNT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for CNT is Centurion in Cryptocurrency category
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7814. |
CNT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for CNT is Cryption Network in Cryptocurrency category
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7815. |
CND meaning in Cryptocurrency ? |
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Answer» INFO: Full form for CND is Cindicator in Cryptocurrency category
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7816. |
FLS meaning in Cryptocurrency ? |
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Answer» INFO: Full form for FLS is Flits in Cryptocurrency category
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7817. |
FLL meaning in Cryptocurrency ? |
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Answer» FLL claims to be a coin that will focus on organizing entertaining modeling sessions, video clips and especially events. FLL claims to plan to create a mobile application that will be used by a hub for innovative technology, using the subscription system it will generate its own funds. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our site constitutes a solicitation, recommendation, endorsement, or offer by Coinmarketcap. You shall assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on Coinmarketcap before making any decisions based on such information or other content. There are risks associated with investing in cryptocurrencies. Investing in cryptocurrencies involves risk of loss and loss of principal is possible. reference
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7818. |
CRA meaning in Cryptocurrency ? |
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Answer» INFO: Full form for CRA is Crabada in Cryptocurrency category
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7819. |
MTI meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MTI is MTI Finance in Cryptocurrency category
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7820. |
NBR meaning in Cryptocurrency ? |
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Answer» INFO: Full form for NBR is Niobio in Cryptocurrency category
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7821. |
VIT meaning in Cryptocurrency ? |
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Answer» The Team Vitality Fan Token allows VIT fans to have a tokenized share of influence on club decisions, purchased through the consumer facing platform, Socios.com, fans can engage in a wide variety of club decisions for example, in football, choosing a goal celebration song, in MMA, picking the fighters that should face off and in doing so, earn rewards and money can't buy experiences. Experiences like... having the opportunity to meet and greet with players of their favourite club, receiving VIP treatment at their favourite stadium & much much more. To obtain Fan Tokens, fans must purchase Chiliz (CHZ) Tokens via Socios.com which then can be used to buy VIT Fan Tokens. Fan Tokens are initially sold in a Fan Token Offering or FTO. FTOs are the initial sale of Fan Tokens which allows fans to buy the Fan Token at a fixed price. work in a similar way to flash sales and are designed to be a fair way for new partnerships to launch Fan Tokens on the Socios.com platform at a discount. At pre-launch a proportion of the total Fan Token supply is made available to users before being listed on the worlds first tokenised sports and entertainment exchange, Chiliz.net. This enables dedicated fans to gain early access prior to Fan Token launches which will be made accessible to everyone. The growing list of partnerships launching their Fan Tokens on the Socios.com platform include some of the biggest sport organisations in the world from the likes of major European soccer teams FC Barcelona, Paris Saint-Germain, Juventus, AC Milan, Manchester City, MMA giant UFC, NASCAR Roush Fenway Racing, NHL New Jersey Devils, Formula One Aston Martin and the Argentine Football Association. reference
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7822. |
ETN meaning in Cryptocurrency ? |
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Answer» What Is Electroneum (ETN)? Electroneum is a mobile-phone-based crypto platform that offers an instant payment system. The project was formed in July 2017 and launched in September 2017 as the first U.K.-based cryptocurrency after completing a $40 million ICO. The focus of the Electroneum project is to provide the quickest and safest crypto transaction with minimal fees for the world’s unbanked population, which accounts for a billion of the world’s population. Continuing its focus on giving individuals with only access to smartphones a cheap and easy way to spend money all over the world, Electroneum launched its wallet manager in December 2017. In March 2018, Electroneum launched the first Android mobile “mining” application where people could take advantage of the processors of their device to mine ETN coins. In April of the same year, it secured a patent for instant crypto transactions. Who Are the Founders of Electroneum?The brains behind the Electroneum project is Richard Ells. Before his foray into the crypto industry, Richard Ells worked as an entrepreneurial marketeer while harboring his desire to become a coder. He is also the owner of Retortal, a social media management platform designed for businesses in the direct selling industry, and SiteWizard, a digital agency which he co-founded and still serves as a director to date. In late 2019, Richard Ells, as CEO of Electroneum, founded and organized the launch of AnyTask, the first freelance platform to focus on creating a digital economy for the developing countries. Although the platform is open to freelancers from all over the world, the emphasis is placed on the unbanked in developing countries, similar to other products launched by Electroneum. What Makes Electroneum Unique?At its launch in 2017, Electroneum, which was originally built using the Monero codebase, focused on the gaming and gambling industry. However, things soon changed and Electroneum turned its sight to creating a platform for instant payments across borders. Electroneum migrated from the Monero blockchain to the moderated proof-of-responsibility (PoR) blockchain in Q2 of 2019 to focus on delivering better payment services. While the primary objective of Electroneum isn’t very different from what many other crypto projects offer, it goes about it in a unique fashion. Electroneum has focused largely on bringing cryptos an easily accessible option, smartphones. The goal of Electroneum is to reach out to the millions who do not have access to a banking system but own a smartphone; like PayPal, but with cryptocurrencies. Electroneum takes a unique approach from other cryptocurrencies, even in mining. Electroneum effectively removed the need for expensive, dedicated, power-hungry mining devices, when it launched the first “mining” app in March 2018. How Many Electroneum (ETN) Coins Are There in Circulation?Electroneum’s total and circulating supply is limited by the company, and will never exceed 21,000,000,000 coins. Currently, there are 10,229,924,760 ETN coins in circulation which represents 49% of all the coins there will ever be. Since migrating to its own blockchain, based on the proof-of-responsibility architecture, miners have been hand-picked by the project. This is done to ensure that there are only reliable miners in the Electroneum network. Miners who are picked on Electroneum’s PoR are expected to spend the block rewards they receive responsibly in helping those less fortunate in harmony with Electroneum’s humanitarian agenda and also to maintain the integrity of the payment network. Electroneum’s proof-of-responsibility also reduces the amount of energy required for the mining process. Hash rates are reduced from Giga hashes to less than half a kilo hash on the network, as Electroneum embarks on a journey to eco-friendly crypto mining. This, in addition to the mobile mining app, are the two ways new coins are created on the Electroneum network. How Is the Electroneum Network Secured?Electroneum uses a new, unique algorithm which is called proof-of-responsibility (PoR). The goal of the PoR network is threefold: to provide a safer, more responsible, and greener blockchain. On PoR, Electroneum now chooses and authenticates its validators, thus preventing a group of miners from controlling more than 50% of the network's mining hash rate or computing power; the 51% attack. Where the attack eventually happens, the blockchain layers are built to respond by identifying the source and shutting down the validator. The new PoR blockchain also creates a permissioned network where Electroneum chooses miners based on their interest in the sustainability of the project. The 12 validators on the network are NGOs who use their block rewards for charity work. Where Can You Buy Electroneum (ETN)?Electroneum (ETN) is popular among online exchanges focused primarily on delivering mobile services. The top exchanges where you can trade Electroneum currently are: Huobi GlobalKuCoinBiKiBiONEHitBTCSistemkoin, andLiquid.If you are new, you can find our simplified guide for purchasing crypto and more exchanges where you can trade here. reference
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7823. |
VOL meaning in Cryptocurrency ? |
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Answer» INFO: Full form for VOL is Volatility Protocol Token in Cryptocurrency category
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7824. |
FCT meaning in Cryptocurrency ? |
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Answer» The Factom Protocol describes itself as an 'open source, decentralized data integrity protocol built by an international coalition of companies that extends the security of blockchain to any data type'. The protocol is reportedly easy to integrate with any system, thereby providing a low, fixed cost source of indisputable truth and verification for business and government. The fixed cost and dual token design of the protocol reportedly enables subscription models where customers do not have to hold tokens despite their being used automatically in the background. The team views the Factom protocol as a global utility for companies to provide seamless access to applications with no unnecessary interaction with the integrated, underlying technology. The vision of the team is for the Factom protocol to 'enable a future where users are able to trust their documents, digital data, and all network connected “things” while allowing developers to create new, world-changing applications'. reference
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7825. |
FCT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for FCT is FirmaChain in Cryptocurrency category
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7826. |
DEP meaning in Cryptocurrency ? |
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Answer» Depth is an efficient stablecoin swap protocol, based on the Huobi Ecochain. As a stablecoin swap manager, Depth allows stablecoins to swap between HUSD/USDT and other stablecoins in a safe and secure environment, with depth, low slippage and transaction fees. In addition, Depth benefits liquidity providers with the aggregation of transaction fees as well as rewards from other DeFi protocols in a long-term run. reference
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7827. |
DEP meaning in Cryptocurrency ? |
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Answer» What Is DEAPcoin (DEP)? The Digital Entertainment Asset Pte. Ltd, headquartered in Singapore has initiated the DEA Project, blockchain-based NFT DeFi platform featuring NFTs, games, and various other forms of entertainment. The main usage of the utility token DEAPcoin (ERC-20) is used in NFT Marketplace by DEP to purchase NFTs (ERC-721) to enhance gameplay within the platform. The platform aims to address a problem to IPs / copyrights for the secondary market transaction of individual artwork. The portion of the sales will be rewarded as royalty to the original creators eternally. The company launched the platform "PlayMining" where users can enjoy playing games, reading manga for free and earn DEP cryptocurrency. Currently there are over 1,000,000 registered users (as of April 2021) and growing exponentially, majority of users are from Indonesia, Vietnam, Philippines, and Taiwan. DEAPcoin is the native utility token that is used for: Purchase NFTs on NFT Marketplace by DEP.Fees for processing transactions.Used for DEA’s DeFi servicesHow Many DEAPcoins Are There in Circulation?DEP launched on August 28, 2018 with 30 billion DEP tokens created at genesis. 20 billion DEP, nearly 66% is reserved for the ecosystem incentives and to be distributed on their NFT DeFi platform PlayMining for rewards of playing the games and DeFi services like staking. Team member vesting is less than 4% Who Are the Founders of DEAPcoin?DEAPcoin has unique and strong team members. The Co-Founder is Yoshida Naohito, who has led 3 IPOs in Japan, and is a well known figure in entertainment media companies. Co-CEO, Shigeru Shiina was previously the President/CEO of PwC Japan and prior to PwC he was Vice President of KPMG Consulting Japan. CFO was also previously the CFO of PWC Japan. Also the Co-Founder and CSO Kozo Yamada has a wealth of experience in producing music and variety programming at TV Tokyo Corporation, Yamada went on to establish an entertainment content production company called Tsukuriba, Inc., in 2018. The Co-founders met and started the project to change the current anime and manga industry, to protect royalties and copyrights for manga and anime artists for the secondary market. By utilizing blockchain technology, the creators are able to earn royalties forever as long as the trades of NFT are conducted. This project now employs more than r0 staff, including marketers from Hakuhodo, Netflix, Yahoo Japan, and financial institutions like Mizuho. According to Digital Entertainment Asset’s official website, many of the team members hold prizes and nominations from competitions in all over the world like Japan National Team representative finalist for the International Mathematical Olympiad in 2001, and champion of the Japan Parliament Debate Union Autumn Tournament 2014 and 5th place in the World University Debating Championship 2015. Where Can I Buy DEAPcoin?DEAPcoin is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available. Bittrex Global offers Tether (USDT), while Indodaxl also offers [Indonesian Rupiah], Uniswap offers , Ethereum (ETH). New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token. reference
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7828. |
BTO meaning in Cryptocurrency ? |
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Answer» INFO: Full form for BTO is Bottos in Cryptocurrency category
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7829. |
BUR meaning in Cryptocurrency ? |
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Answer» BUR or Bunicorn Universal Reward Token is the reward payout token for all the games in Bunicorn Metaverse. Bunicorn is an intense DEFI Game platform that aims to elevate DEFI and blockchain gaming experience to the next level. Within Bunicorn Ecosystem: Bunicorn RPG game is designed for the “Play to earn” purpose while teleporting users to a magical “Bunicorn” world with exquisite NFT collectibles.Bunicorn exchange is a highly performant AMM DEX that offers investors yield-earning opportunities through liquidity pools and liquidity farm mining with unique time-locked rewards wrapped into tradable NFTs. reference
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7830. |
BTL meaning in Cryptocurrency ? |
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Answer» To find out even more about this project, check out our deep dive of BitLocust. Decentralized Finance (DeFi) started back in 2020. Ever since it has been growing rapidly and has a market cap of over $80 Billion with over $120 Billion in total value locked (TVL) at press time. Despite rapid growth, the DeFi landscape is still relatively nascent, with good market opportunities for which Bitlocus will develop a platform for fiat holders to invest into DeFi. DeFi has only penetrated the crypto market by about 6%. But the real opportunity is not even there. The real opportunity to grow even bigger and faster is in traditional fiat markets, and we can clearly see the first big steps from traditional investors adding crypto to their portfolios. Currently there are 24 publicly traded companies that hold about 1% of total BTC supply (estimated value more than $6 billion), all well as dozens of institutional investors have already added crypto to their portfolios too. Bitlocus sees a huge opportunity in the deposit market which is estimated at about $17 trillion in the European Union Area and about $15.5 trillion in the US. Our Fiat-Defi Management Platform (FDMP) is targeted to bring those traditional deposits investors to DeFi based on better yield and simple user interface. Basically, none crypto or DeFi knowledge is required because the end-user only transacts in fiat assets and all DeFi based transactions will be automatically processed by Bitlocus platform. reference
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7831. |
BTL meaning in Cryptocurrency ? |
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Answer» INFO: Full form for BTL is Battle Saga in Cryptocurrency category
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7832. |
BAE meaning in Cryptocurrency ? |
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Answer» INFO: Full form for BAE is BAE in Cryptocurrency category
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7833. |
FTE meaning in Cryptocurrency ? |
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Answer» Fishy Tank is an NFT ecosystem, where you own beautiful unique Fishes and earn Fishy's Tokens by taking care them. We simulate all ocean life activities in this Play-To-Earn game on NFT technology. Every life activity in game is following nature rules and totally under control of Players. FishyTank Token - FTE is cryptocurrency of the Fishy ecosystem. FTE has a maximum supply of 10 milions tokens, there won’t be any new tokens mined, minted or produced in any other way. FTE is used in all trading activities of Fishy Ecosystem. And some another activities like: Voting, Enter fee of minigames, Staking, FishyPAD.. reference
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7834. |
SPR meaning in Cryptocurrency ? |
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Answer» INFO: Full form for SPR is SpreadCoin in Cryptocurrency category
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7835. |
CHP meaning in Cryptocurrency ? |
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Answer» CoinPoker informs that they are going to perform a token swap for CHP from V1 to V2. For more information, visit here. reference
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7836. |
LML meaning in Cryptocurrency ? |
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Answer» What Is Link Machine Learning (LML) LML provides all of the connective tissue required to harness powerful datasets from external sources including leading data oracles and APIs, and bring them into the GNY Dataplace (gny.io). As the complementary data aggregation toolkit to Dataplace, LML will provide businesses an impressive toolkit for data collection, aggregation, crowd sourced data and data sharing that will in themselves create new economies. reference
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7837. |
MIR meaning in Cryptocurrency ? |
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Answer» MIR COIN (MIR) is a cryptocurrency . Users are able to generate MIR through the process of mining. MIR COIN has a current supply of 1,300,000,000 with 780,627,480.525 in circulation. The last known price of MIR COIN is 0.0033347 USD and is down -0.38 over the last 24 hours. It is currently trading on 5 active market(s) with $56,952.03 traded over the last 24 hours. More information can be found at http://www.mircoin.io/. reference
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7838. |
MIR meaning in Cryptocurrency ? |
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Answer» What are Mirrored Assets? MIR is the governance token of Mirror Protocol, a synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain. Mirror Protocol is decentralized from day 1, with the on-chain treasury and code changes governed by holders of the MIR token. TFL has no intention of keeping or selling MIR tokens, and there are no admin keys or special access privileges granted. The intent for this is to be a completely decentralized, community-driven project. Mirrored assets are blockchain tokens that behave like "mirror" versions of real-world assets by reflecting the exchange prices on-chain. They give traders the price exposure to real assets while enabling fractional ownership, open access and censorship resistance as any other cryptocurrency. Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the corresponding asset. Mirrored assets provide the following advantages: Global Accessibility: In most markets outside of Europe & North America, access to foreign equities and forex markets is highly limited. Crypto allows global accessibility without entry barriers.Fractional Orders: In traditional finance, to execute a fractional order, multiple fractional orders are bundled together to execute a unitary transaction. The process of gathering all the orders into one requires additional waiting time. By utilizing the blockchain, orders volume is simply represented as a number on the blockchain, so there is no need for the intermediary bundling process.Nearly-Instantaneous Order Execution: Oftentimes due to the lack of liquidity (price-time-priority order book algorithm), orders can take up to a day to fully execute. Given the fact that Mirror relies on liquidity provided by each individual asset pool, orders can be executed as fast as the blocktime of the network (~ 6 seconds). reference
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7839. |
ORS meaning in Cryptocurrency ? |
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Answer» INFO: Full form for ORS is ORS Group in Cryptocurrency category
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7840. |
ORS meaning in Cryptocurrency ? |
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Answer» Origin Sport (ORS) is a cryptocurrency and operates on the Ethereum platform. Origin Sport has a current supply of 300,000,000 with 299,999,850 in circulation. The last known price of Origin Sport is 0.00436992 USD and is down -1.98 over the last 24 hours. It is currently trading on 1 active market(s) with $61,228.11 traded over the last 24 hours. More information can be found at https://www.originsport.io/. reference
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7841. |
CXO meaning in Cryptocurrency ? |
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Answer» INFO: Full form for CXO is CargoX in Cryptocurrency category
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7842. |
VDR meaning in Cryptocurrency ? |
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Answer» What Is Vodra (VDR)? The Vodra Platform allows creators to pursue their passions while being fairly compensated. This is accomplished with a decentralized donation platform that aims to shift online entertainment compensation towards a direct creator-to-audience participation model. VDR is the native utility token that is used for: Zero Fee Donations to Content CreatorsProject voting, funding and crowdfundingRedemption by content creators based on audience sizeBetween costly platform fees and algorithmic discrimination, it's hard for content creators to receive fair compensation without leaning fully on advertisements and promotions. The Vodra Platform allows creators to receive donations, crowdfunding, monthly pledges, and more - all with no fees. This is accomplished through our token and platform design that allows creators to be directly compensated by their audiences. The Vodra Platform consists of a variety of tools and integrations that allow content creators to monetize their content across all platforms. From live donation alerts for broadcasts to exclusive NFT rewards, creators are able to engage with their audiences however they see fit. Vodra Token (VDR) is an ERC-20 utility token that is redeemed by content creators based on their audience size. It is the native currency of the Vodra Platform, in which audiences use the token to donate to creators and unlock various utilities. A Polygon Proof-of-Stake bridge provides seamless transfers to the Matic/Polygon blockchain, which means functionality and transactions on the Vodra Platform completely avoid gas fees. Content creators across all platforms can join Vodra and redeem their audience sizes for VDR. Streamers, vloggers, athletes, musicians, gamers, educators and every other type of creative mind is able to monetize their content with Vodra's powerful tools and integrations. Creators can now hold a stake in where they receive their compensation from and no longer have to worry about income instability. How Many VDR Tokens Are There in Circulation? The VDR Token contract was deployed on March 2, 2021 with 2 Billion VDR tokens created on day one. reference
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7843. |
EMP meaning in Cryptocurrency ? |
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Answer» Empire Warriors is a card collecting game inspired by the trending play to earn era - NFT and built on the blockchain platform. Each player collects cards for themselves; each card will be a unique parameter is used to fight against other players. At the same time, each card will have an ID number on the blockchain system along with the owner's identity. Based on this technology, players can buy, sell virtual assets and interact with others via PvP and Empire Warriors Marketplace. The more you play, the more you earn. reference
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7844. |
STT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for STT is StarTerra in Cryptocurrency category
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7845. |
DXB meaning in Cryptocurrency ? |
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Answer» INFO: Full form for DXB is DXBPay in Cryptocurrency category
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7846. |
DXB meaning in Cryptocurrency ? |
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Answer» INFO: Full form for DXB is DefiXBet in Cryptocurrency category
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7847. |
PTA meaning in Cryptocurrency ? |
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Answer» What is Petrachor (PTA)? Petrachor is a secure and scalable digital asset platform, empowering a decentralized Internet experience. Its light-weight architecture can run from a phone, tablet, or desktop. Petrachor uses 100% original code for the Ariel Protocol; a resource efficient and censorship resistant Proof of Stake consensus. Millions of nodes can actively participate in mining, which eliminates the need for mining pools, and provides optimal security. Petra (PTA) is the native unit of the Petrachor network. Petra can be used for: paymentssmart contract interactionsmining for block rewardsHow Does Petrachor's Consensus Work?The Ariel Protocol is Petrachor's unique Proof of Stake v4 consensus. It provides probabilistic finality, meaning that there are no checkpoints - the chain with the most cumulative difficulty is the canonical chain. Miners can join and leave at any time, there is no minimum balance required, and all balances can be spent without restrictions. The consensus itself is very simple. Each miner creates a hash that includes a combination of: a timestamp that comes after the parent block timestamp, but not in the futurethe public key of the miner, andthe stake modifierOnce a miner finds a hash meeting the required difficulty, they can sign the block with their BLS private key, and add transactions to the blockchain. Anyone running a full-node can easily verify that the block is valid by reproducing a hash of the 3 items listed above. Unlike Proof of Work, which depends solely on computational power, our miners are rate limited to one hash per second, so that virtually any device can be utilized to mine and earn block rewards. What Else Is Interesting About Petrachor?The Boneh-Lynn-Shacham unique signature scheme is used for the core random beacon of Ariel. By also securing accounts with BLS, we pave the road towards future extensions, such as multisignatures, threshold signatures and aggregate signatures. The elliptic curve used by our signature scheme is BLS12-381, a Barreto-Lynn-Scott curve. This curve was introduced in Sapling, the latest upgrade to the ZCash protocol, with the aim to improve efficiency and security while reducing memory intensivity. How Many Petra Coins Are There?Petrachor's network launched its mainnet on March 13, 2019 with 1 billion PTA created in the genesis block. The total supply of Petra increases at a rate of 3% per year. All Petra holders are eligible to receive block rewards. Unlike Proof of Work, Petrachor allows you to increase purchasing power over time, thanks to its fixed supply schedule. What Problem is Petrachor Trying To Solve?Petrachor solves the problem of scalability better than any other blockchain. All Petrachor nodes are equal peers, and require only generic hardware, with minimal Internet bandwidth. Petra (PTA) act as a catalyst to allow millions of individual nodes to secure the network. This unmatched scalability is what creates the foundation for the most inclusive and sustainable monetary system in the world. reference
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7848. |
PTA meaning in Cryptocurrency ? |
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Answer» INFO: Full form for PTA is La Peseta in Cryptocurrency category
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7849. |
BLT meaning in Cryptocurrency ? |
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Answer» Blocto is a cross-chain, integrated smart contract wallet service designed for both developers and users. In the vision we would like to be the Steam for dApps, A cross-chain dApp ecosystem for dApps to grow exponentially. With Blocto, users can easily and frictionlessly interact with their NFTs, crypto assets, and blockchain decentralized applications (dApps) within the mobile app. Irrespective of which blockchain these assets and applications are built on, developers can integrate and leverage the Blocto service to provide a seamless onboarding process. Blocto token (BLT) is the utility and governance token of Blocto, which serves as the foundation of our ecosystem and the interconnective link between the wallet, Blocto-made products, and our users. reference
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7850. |
CNX meaning in Cryptocurrency ? |
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Answer» INFO: Full form for CNX is Cofinex in Cryptocurrency category
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