This section includes 8145 fullforms, each offering curated multiple-choice questions to sharpen your Cryptocurrency knowledge and support exam preparation. Choose a topic below to get started.
| 2051. |
FZL meaning in Cryptocurrency ? |
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Answer» INFO: Full form for FZL is FrogZilla in Cryptocurrency category
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| 2052. |
GHX meaning in Cryptocurrency ? |
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Answer» INFO: Full form for GHX is GamerCoin in Cryptocurrency category |
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| 2053. |
GAMI meaning in Cryptocurrency ? |
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Answer» INFO: Full form for GAMI is GAMI World in Cryptocurrency category |
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| 2054. |
HZN meaning in Cryptocurrency ? |
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Answer» INFO: Full form for HZN is Horizon Protocol in Cryptocurrency category |
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| 2055. |
HZD meaning in Cryptocurrency ? |
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Answer» INFO: Full form for HZD is HorizonDollar in Cryptocurrency category |
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| 2056. |
HMQ meaning in Cryptocurrency ? |
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Answer» Humaniq (HMQ) is a cryptocurrency and operates on the Ethereum platform. Humaniq has a current supply of 207,143,695.03559843 with 185,811,695.03559843 in circulation. The last known price of Humaniq is 0.00700233 USD and is down -6.19 over the last 24 hours. It is currently trading on 6 active market(s) with $48,340.13 traded over the last 24 hours. More information can be found at https://humaniq.com/. reference
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| 2057. |
JIND meaning in Cryptocurrency ? |
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Answer» What Is JINDO INU? JINDO INU belongs to a class of meme cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB). The all-caps cousin of Dogecoin describes itself as a “meme coin on steroids” that aims to explode in value much the way Shiba Inu and others have. Their website entices traders to “get in early” for any who missed the Dogecoin and Shiba Inu coin takeoffs. The Jindo dog namesake is actually a South Korean dog breed that looks remarkably like the Shiba Inu. JIND ERC-20 tokens will power the ecosystem that will feature exchange and NFT applications. This token will be used by JINDO SWAP and JINDO NFT in the future. JINDO SWAP is a SWAP built on the BSC chain, and if it provides liquidity, you can receive JINDO FEED tokens. JINDO FEED tokens will be issued with the launch of the SWAP and will be distributed to 100% liquidity providers. JINDO NFT is an NFT sales and maker place where you can make and sell your own dog by synthesizing several types of dogs. JINDO NFT can use JINDO tokens to purchase and synthesize puppies, and JINDO FEED tokens to level up puppies. reference
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| 2058. |
JKT meaning in Cryptocurrency ? |
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Answer» What is JokerManor JokerManor is a GameFi Aggregator and Launchpad, with a number of value-added DeFi features, that add value for the community as a whole, making it more inclusive, integrated, and focussed and that allows players to earn rewards and assets (NFTs) by playing their favorite games in the metaverse, as well, players can also increase their revenue via liquidity mining and yield farming. Brand exposure, marketing, advertising and general exposure for all (large and small) brands, within and for the games ecosystem will also be offered as the ecosystem grows. An option within the game and or ecosystem, to purchase products and or services from the brands directly from the platform. But, players will first need to connect a BSC network-compatible wallet, browse their favorite Metaverse games and start playing. Vision & Mission JokerManor aims to build a GameFi Metaverse that is both inclusive, efficient and effective in connecting the whole ecosystem, including game developers, publishers, gamers and brands. Within the JokerManor ecosystem, developers can launch decentralized games and players can play games and earn revenue and or assets (NFTs), with brands being offered the ability to market and get exposure to their products and or services. JokerManor hopes that by building a completely inclusive and integrated ecosystem, we can attract a wider community of quality game developers, who by joining will provide a more diverse and optimum quality of the overall game and game experience, as well, attract more players to the global blockchain-based GameFi market, and together promote the development and growth of the global gaming ecosystem, the the aim is definitely more geared towards quality and inclusiveness. reference
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| 2059. |
IQG meaning in Cryptocurrency ? |
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Answer» INFO: Full form for IQG is IQ Coin in Cryptocurrency category
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| 2060. |
JNTR meaning in Cryptocurrency ? |
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Answer» INFO: Full form for JNTR is Jointer in Cryptocurrency category
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| 2061. |
JRT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for JRT is Jarvis Network in Cryptocurrency category |
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| 2062. |
KORI meaning in Cryptocurrency ? |
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Answer» INFO: Full form for KORI is Kori Inu in Cryptocurrency category
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| 2063. |
MAYP meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MAYP is Maya Preferred in Cryptocurrency category
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| 2064. |
MADR meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MADR is MAD RABBIT in Cryptocurrency category
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| 2065. |
KURO meaning in Cryptocurrency ? |
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Answer» INFO: Full form for KURO is Kurobi in Cryptocurrency category
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| 2066. |
KURO meaning in Cryptocurrency ? |
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Answer» INFO: Full form for KURO is Kuro Shiba in Cryptocurrency category
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| 2067. |
MANA meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MANA is Genesis Mana in Cryptocurrency category |
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| 2068. |
KPHI meaning in Cryptocurrency ? |
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Answer» INFO: Full form for KPHI is Kephi Gallery in Cryptocurrency category
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| 2069. |
MINA meaning in Cryptocurrency ? |
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Answer» What Is Mina Protocol? Mina Protocol is a minimal “succinct blockchain” built to curtail computational requirements in order to run DApps more efficiently. Mina has been described as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage. Furthermore, it remains balanced in terms of security and decentralization. The project was rebranded from Coda Protocol to Mina in October 2020. To learn more about this project, check out our deep dive of Mina Protocol. The Mina network has a size of only 22 KB, which is miniscule when compared to Bitcoin’s 300 GB blockchain. What Is Mina Protocol’s Main Objective?Mina is working on achieving an efficient distributed payment system that enables users to natively verify the platform right from the genesis block. Its technical whitepaper calls this a “succinct blockchain.” The protocol uses Zero-Knowledge Succinct Non-Interactive Arguments of Knowledge (zk-SNARKs), a cryptographic proof that enables someone to authenticate information without revealing said information. However, enabling a user to trace the platform back to its genesis block can be impractical in a large network. As such, Mina incrementally computes SNARKS that concentrate only on the last few blocks — meaning that end-users check that zk-SNARK-compressed proof, instead of a block’s entire transaction history. At the heart of Mina protocol is MINA, its native currency, which functions as a utility coin and medium of exchange. How Does Mina Protocol Function?Mina is similar to Bitcoin, apart from how it handles transactions, but also employs the account model used in Ethereum. In this respect, the difference between Bitcoin and Ethereum is that the state of the Bitcoin blockchain contains a list of unspent coins, while Ethereum’s state is made up of account balances. Mina, on the other hand, uses a prover (or snarker, if you will), an equivalent of a miner, to ensure each block commits to the state. Mina employs the Ouroboros Samasika, a type of PoS mechanism specially designed for succinct decentralized networks since it provides bootstrapping from a genesis block. Succinct blockchains contain two major functions: verify and update. Verification touches on consensus, blockchain summary and blocks, while the update function interacts with consensus and chain summary. Apart from the above implementations, the project uses a parallel scan state to optimize transaction processing speed, which works by grouping unproven blocks and assigning the process to parallel provers. Major Mina Protocol ParticipantsMina is all about revolutionizing the current blockchain landscape where most platforms have verifiers such as miners/stakers and light clients who act as third parties when verifying transactions. Mina takes a different approach by having multiple participants, each handling a specific function on the decentralized network. The three major roles include verifiers, block producers and snarkers. VerifiersVerifiers interact with zk-SNARKS that deal with certifying the consensus information. Each Mina protocol user is considered a verifier, provided that their devices can handle a 22 KB chain and withstand a few milliseconds of processing time.Block ProducersBlock producers take the form of stakers or miners and earn block rewards and transaction fee payments. Interestingly, the protocol doesn’t slash incentives that go to block producers. This category of participants allows Mina users to delegate their coins to them. Apart from bundling transactions into blocks, block producers also have to SNARK an equivalent number of previously committed trades as failure to do so during block production would lead to incomplete blocks and other nodes rejecting their validity. If a block producer wants to incorporate 10 transactions on the chain, they must also SNARK trades from the front of the queue. However, they have the option to produce the SNARK or use those generated by a special group of participants called snarkers. ## Snarkers Snarkers, also known as provers, produce zk-SNARKs used in verifying transactions. Block producers pay snarkers from the overall transaction fees they receive for adding new blocks. However, to qualify for the fees, they have to post bids. Note that a snarker’s zk-SNARK needs to be used in a block while the block producer who uses it is responsible for incentivizing the snarker. This creates a business economy where multiple snarkers can post bids tied to the same transaction. Block producers, on the other hand, are in for the profits and will choose the bid with the lowest fees. Consequently, snarkers are challenged to produce low-cost SNARKS. How Transactions Happen On MinaThe process starts with a user initiating a transaction, after which the trade goes to the mempool, a pool of valid but unconfirmed transactions. Next, snarkers take over by making proofs or SNARKS. The process follows with the selection of a block producer (BP) to bundle transactions into a block. Note that a BP sifts through the mempool for profitable transactions. Then, the BP chooses a SNARK according to the rules in the consensus mechanism. Note that a block producer scans through the bids for the lowest-priced SNARK. In addition, recently added transactions have an updated SNARKS order book. Next, it’s time to incorporate the SNARKS in a block, then add the block to the chain and update the network. Snarked transactions are removed from the chain to help keep the size of the protocol constant. Then, the block producer upgrades the protocol’s zk-SNARKS. Finally, the new block becomes immutably part of the chain. reference
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| 2070. |
MOLK meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MOLK is MobilinkToken in Cryptocurrency category
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| 2071. |
MNTT meaning in Cryptocurrency ? |
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Answer» What is MoonTrust? Just this year alone, tens of thousands of tokens were created. Most of these token communities were built through Telegram and Discord. Often when new potential investors join these communities, they are misled by the information within the chat channels. This is done by employing bots to hype the project and create traction. Some also employ real humans as moderators who do not even own the token. MoonTrust is a platform to enhance the community by making sure everyone is fully transparent with each other. Click here for a short intro video. MoonTrust Group Chat Feature In MoonTrust only token holders are allowed to chat, and it will show the actual holding amount at the time of the message. Users are also able to create custom chat channels with customizable token holding requirements. This will help community managers manage their “dolphin” and “whale” holders. MoonTrust system will automatically remove holders who no longer meet the token requirements. MoonTrust Payments and Friends MoonTrust also supports payments between friends. When transferring tokens between friends, you no longer need to remember their public address. Simply find your friend using their unique username and send or request as you would just like Venmo. Final confirmation is done via your software wallet. MoonTrust also supports private messaging between friends. Users can also find common tokens held between each other. This allows users to find new friends who have similar token interests. MoonTrust Privacy Although MoonTrust offers multiple privacy options for its users, they do not have privacy options for group chat transparency. Group chats are meant to be public and to prevent manipulation. Anyone who chats in group chats will have their token holding value displayed (only for that specific group chat). How Can MoonTrust Benefit Token Holders? MoonTrust group chat system is a heavily needed system in a space where there are tons of rug pulls making headlines every week. Scammers like to airdrop phishing/scam tokens to random address, but with MoonTrust, the community can warn each other in the specific token group chats. Projects that create fake hype by employing influencers, shillers, or bots, will also be exposed with this chat system. Currently, it is also common that communities are managed by mods who do not own tokens in various Telegram and Discord project groups. These mod services are typically paid in stablecoins, ETH, BNB or BTC, but never the specific project token. In MoonTrust, these types of situations will not happen as holders' token value is displayed and only holders can moderate each other. Any bots or scam offenders banned in MoonTrust will have a direct cost of business to scam groups via gas fees of specific blockchains. Currently banning scammers or bots in Telegram or Discord is free. Malicious actors can easily create thousands of accounts. However, in MoonTrust users can only enter a chat group if they have the tokens. This means for every new account, malicious groups need to send tokens to that address, thus costing them money. MoonTrust is dubbing this “Proof of Gas” mechanism. Just imagine the cost of business for these scam groups when using MoonTrust for the ETH chain. Upcoming Features The MoonTrust team is not stopping with their current iteration of the app. They are also working on a governance and moderation mechanism. The goal is to allow token holders to ban/mute each other based on their stake in the project. For example, a whale can ban a small fish, but if enough fish and dolphins team up, they can also remove whales. Although the MoonTrust App works on mobile devices, the MoonTrust team is also working on iOS and Android apps to improve user interfaces and user experience. They are working on new designs to better suit the viewing and usage experience of mobile devices. Upcoming Multiple Blockchain Support The MoonTrust project is aiming to launch its platform across all blockchains that have token projects built in them. The MoonTrust team is targeting one blockchain launch per year. Their platform launch for Cardano, Ethereum, Polygon, Solana, and Avalanche are currently in the works. MoonTrust Team’s Message We hope to bring together true believers of their specific tokens and connect them with other real holders. Our team also welcomes influencers looking to interact with their fans by creating their own tokens. Influencers that need assistance creating their social tokens, can reach out to business@moontrust.net or chat in the MoonTrust group channel in the app. reference
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| 2072. |
MOAR meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MOAR is Moar Finance in Cryptocurrency category
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| 2073. |
MORA meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MORA is Meliora in Cryptocurrency category |
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| 2074. |
ORAI meaning in Cryptocurrency ? |
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Answer» INFO: Full form for ORAI is Oraichain Token in Cryptocurrency category |
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| 2075. |
PNDR meaning in Cryptocurrency ? |
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Answer» Pandora is a hybrid Open Finance solution for the problems faced by both traditional finance and decentralised finance. We envision the transaction of real-world assets on the trustless and decentralised platform in a borderless economy. Our scalable, interoperable and high throughput infrastructure converts the illiquid state of NFT to the liquid state for both Real-world and digital assets. Technically, Pandora is the middle layer solution that is inducing liquidity to NFT created on Pandora and other platforms. Developers can also plug and play their Dapp to the Pandora Protocol and provide liquidity to the user’s NFT. reference |
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| 2076. |
DMTR meaning in Cryptocurrency ? |
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Answer» The Dimitra (DMTR) is a blockchain platform that is democratizing the Agricultural Technology space for smallholder farmers globally. Dimitra provides access to the blockchain, machine learning, Internet of Things sensors, and Satellite Technology through a mobile platform that helps farmers globally increase their yield, reduce costs and mitigate risks. Current farming practices are not sustainable; creating an evolution of practices will contribute to solving some of today's largest issues for farmers. Issues like poverty, hunger, global warming, carbon emissions, freshwater, and soil preservation are all impacted by the adoption of Dimitra. Dimitra’s platform provides utility by combining the crypto investment cycle with agricultural development practices within nations globally. reference |
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| 2077. |
CHX meaning in Cryptocurrency ? |
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Answer» WeOwn (CHX) is a self-service digital platform that helps SMEs to better manage their investors and stakeholder engagement. For businesses looking for funding, WeOwn provides access to peer-to-peer lending and equity financing. Far more than a ‘quick fix ’ digital platform, we enable companies and investors to conduct their entire relationship – including voting – securely online. The platform is easy to use, simple to navigate, and safe to explore. The critical difference between WeOwn and other business funding platforms is that we’ve built our technology from scratch – including our own blockchain and the underlying tokenization engine. This enables us to offer a flexible software-as-a-service (SaaS) integration model. At the moment WeOwn offers the following services; Lending (SME), private & public Equity and Debt offerings (STO), Shareholder management/engagement tools, tokenization, p2p trading and much more. Planned future additions to the WeOwn ecosystem; WeEchange (Decentralised Stock Exchange), crypto to crypto lending, additional DeFi protocol enhancements and integrations. reference |
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| 2078. |
ICY meaning in Cryptocurrency ? |
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Answer» INFO: Full form for ICY is ICY MONEY in Cryptocurrency category |
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| 2079. |
KICKS meaning in Cryptocurrency ? |
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Answer» INFO: Full form for KICKS is Sessia in Cryptocurrency category |
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| 2080. |
GTX meaning in Cryptocurrency ? |
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Answer» INFO: Full form for GTX is GoalTime N in Cryptocurrency category |
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| 2081. |
PYQ meaning in Cryptocurrency ? |
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Answer» INFO: Full form for PYQ is PolyQuity in Cryptocurrency category |
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| 2082. |
BALI meaning in Cryptocurrency ? |
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Answer» INFO: Full form for BALI is Bali Coin in Cryptocurrency category |
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| 2083. |
ANK meaning in Cryptocurrency ? |
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Answer» INFO: Full form for ANK is Apple Network in Cryptocurrency category |
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| 2084. |
BLCT meaning in Cryptocurrency ? |
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Answer» The BZT Loyalty Club is a software and hardware package included in the structure of the Bloomzed project, which is the universal loyalty system of the Bloomzed project, aimed at stimulating interest in the project products on the part of users of the system. This direction of the project is focused on involving consumers in the process of analysis, development, testing, participation in marketing activities, social surveys, and attracting new members to the project. For active participation and involvement, users receive a number of opportunities and privileges from the project and its partners (discounts, bonuses, cashbacks, etc.). reference
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| 2085. |
BNPL meaning in Cryptocurrency ? |
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Answer» INFO: Full form for BNPL is BNPL Pay in Cryptocurrency category
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| 2086. |
BXY meaning in Cryptocurrency ? |
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Answer» INFO: Full form for BXY is Beaxy in Cryptocurrency category
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| 2087. |
CHAR meaning in Cryptocurrency ? |
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Answer» INFO: Full form for CHAR is Charitas in Cryptocurrency category
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| 2088. |
DAY meaning in Cryptocurrency ? |
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Answer» INFO: Full form for DAY is Chronologic in Cryptocurrency category |
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| 2089. |
DKC meaning in Cryptocurrency ? |
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Answer» Dukecoin is a new payment ecosystem that deploys a digital currency and makes innovative use of blockchain technology. Digital Currency also known as “Cryptocurrency” which is a form of digital asset based on a network that is distributed across a large number of computers. This decentralized structure allows them to exist outside the control of governments and central authorities. Dukecoin works with a mission to be the best Giveaway Based Coin. The Duke Coin team want to be as transparent as they can with our community and holders. Dukecoin ensures that we’ll explain everything we do and will make sure everyone is updated. Dukecoin offers a service utility platform where our members can take the benefit to make payment [Recharge, Electricity Bill, Postpaid or Landline Bills, etc.] with their cryptocurrency in a fraction of seconds. Dukecoin is currently working with more than 6 service partners and 4 exchanges in almost 12 countries. reference |
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| 2090. |
DXG meaning in Cryptocurrency ? |
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Answer» We are in the process of building our own network, the Smart Dexio Network (SDN). Why? Having our own network is critical to our strategy to become a major player in the crypto space. By having our own network; we will be able to pair other tokens with DEXI (please see whitepaper for more understanding of this concept), minimize gas fees, increase the speed of transactions, manage governance, and implement the changes we will undoubtedly need to make as we continually adapt to the rapidly changing environment that is crypto. We are already working on a comprehensive set of cross-chain features as well as streamlining some of the better aspects of the networks that are already in existence like VeChain, Ethereum, Binance, and others. Like any network, the SDN will have the ability to pair other tokens with DEXI, stake DEXI (in order to become a validator and to “mine” DEXIGAS), and participate in governance by holding DEXI. In other words, DEXI will be a vital component of the network. We have had many conversations internally, as well as with industry partners, community, and team members, that have helped us in our continuing understanding of how we want all of this to work to its greatest potential. Because of that there has been some confusion about the role of DEXI in this new epoch of Dexioprotocol. Let us assure you that DEXI will be the native token of the Smart Dexio Network, playing an absolutely essential role. DEXIGAS will be our in-game currency. Dexioprotocol is developing three games currently (The Dexi Hunter App, Legends of the Dexiverse, and Dexi Hero) and we have every intention of developing many more games. DEXIGAS has been created to be the utility token within the gaming ecosystem. But why? Because we want to have the flexibility that an in-game currency allows us as we expand our network and gaming ecosystem. For now, DEXI and DEXIGAS will remain on the Binance Smart Chain Network (BSC) as BEP20 tokens. The reason why we are launching now on BSC before we migrate to the SDN is so that we can figure out exactly what works and what does not work for us before we make the migration. When we migrate to the SDN we will be able to move from DEXI (V1) and DEXIGAS (V1) to DEXI (V2) and DEXIGAS (V2). This migration is going to give us the opportunity to take advantage of developments within the crypto space, especially as they relate to networks and cross-chain functions, as well as implement any features (or remove any) that we decide work better for our long term goals. DEXIGAS- The in-game currency: 1- When an item is collected in the games, such as an NFT, DEXIGAS will be burned. 2- To obtain new skins, avatars, and other in-game upgrades, DEXIGAS will be burned. 3- DEXIGAS will be rewarded to people who stake their DEXI in the DEXI Wallet. 4- DEXIGAS will auto-convert to DEXI on our network for network transactions. 4- DEXIGAS is mint-able so we can control the supply of it through staking, minting, and burning. reference
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| 2092. |
IMGC meaning in Cryptocurrency ? |
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Answer» ImageCash (IMGC) is a cryptocurrency . ImageCash has a current supply of 5,455,414 with 5,336,414 in circulation. The last known price of ImageCash is 0.00232988 USD and is down -0.70 over the last 24 hours. It is currently trading on 1 active market(s) with $2.24 traded over the last 24 hours. More information can be found at https://imgcash.imagehosty.com/. reference
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| 2093. |
RELI meaning in Cryptocurrency ? |
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Answer» Relite Finance is a cross-chain lending protocol enabling users to lend and borrow all crypto assets in one place. We do this by utilising the latest Polkadot and Ethereum frameworks. Advantages: Cross-chain approach From day 1 Relite is building its solution around interoperability. We allow seamless communication between different chains. Pools for dedicated Polkadot ecosystem tokens Holders of DOT and related Polkadot projects will have dedicated lending and borrowing pools enabling high liquidity. This is unique to the Relite protocol. Lower fees and Interest Rates for borrowers Much lower fees for contract execution enabled by Polkadot scalability and pool flexibility. Reasonable interest and accessible collateral ratios for borrowers. Relite's mission is to redefine and redesign the DeFi lending space and overcome the existing barriers: Lack of Interoperability Fragmentation of assets within DeFi has evolved into a chronic issue. Users cannot utilise native BTC, ETH, DOT, and other assets currently segregated to their chain, from one protocol. High Fees and Overcollateralization On average, users are required to surrender 180% minimum collateral and pay enormous fees for contract execution. Lack of Usability There exists no simple, all-encompassing, intuitive UX required for accelerating mass adoption. reference |
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| 2094. |
SNIS meaning in Cryptocurrency ? |
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Answer» INFO: Full form for SNIS is Shibonics in Cryptocurrency category
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| 2095. |
HELIOS meaning in Cryptocurrency ? |
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Answer» INFO: Full form for HELIOS is Mission Helios in Cryptocurrency category |
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| 2096. |
PGNT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for PGNT is Pigeonsol in Cryptocurrency category
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| 2097. |
POSW meaning in Cryptocurrency ? |
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Answer» PoSW Coin (POSW) is a cryptocurrency . PoSW Coin has a current supply of 70,000,000 with 44,100,000 in circulation. The last known price of PoSW Coin is 0.00419378 USD and is down -0.70 over the last 24 hours. It is currently trading on 1 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://posw.io/. reference |
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| 2098. |
FRAX meaning in Cryptocurrency ? |
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Answer» What Is the Frax Protocol (FRAX)? The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts: Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio. Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management. Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles. Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value. Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category. How Many FRAX and FXS Coins Are There in Circulation?The supply of the FRAX stablecoin is dynamic and always changing to keep the price at $1 due to its fractional-algorithmic monetary policy. The supply of the Frax Shares (FXS) tokens are hard capped to 100 million tokens at genesis with no inflation schedule in the protocol. The FXS token is the governance token which accrues all value of new minted FRAX, fees, and excess collateral. FXS is an investment and governance asset while FRAX is the currency token. What Makes Frax Unique?The Frax Protocol is a community driven and unique design stablecoin. Over 60% of the supply of FXS is issued over a number of years to liquidity providers and yield farmers. It is an entirely decentralized protocol with governance onchain. It is also the first and only stablecoin to incorporate the fractional-algorithmic hybrid design at the time of its launch in November 2020. Who Are the Founders of the Frax Protocol?The Frax Protocol is the brainchild of American software developer Sam Kazemian who came up with the first idea of a fractional-algorithmic stablecoin in 2019. The founding team of Frax engineers includes Travis Moore and Jason Huan. Sam Kazemian originally devised the idea when he noticed that stablecoins were growing rapidly but none had any mixture of algorithmic monetary policy and collateralization. Projects that had purely algorithmic monetary policy had failed or shut down without any significant traction. Frax was designed as an answer to measure the market’s confidence in a partly algorithmic and partly collateralized stablecoin. Where Can I Buy or Obtain FRAX and FXS?FRAX, the stablecoin, is available on many major exchanges and DeFi platforms like Uniswap and DEXes. The Frax Shares (FXS) tokens are also available and as liquid as the stablecoin. Investors looking to purchase upside and governance rights to the world’s first fractional-algorithmic stablecoin should buy Frax Shares (FXS). Users who want stability by using the world’s only fractional-algorithmic stablecoin should purchase FRAX. reference
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| 2099. |
BUMN meaning in Cryptocurrency ? |
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Answer» INFO: Full form for BUMN is BUMooN in Cryptocurrency category |
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| 2100. |
BABI meaning in Cryptocurrency ? |
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Answer» INFO: Full form for BABI is Babylons in Cryptocurrency category |
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