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Glossary

1. Airdrop: Free distribution of cryptocurrency tokens or coins to multiple wallet addresses.

2. Altcoin: Any cryptocurrency other than Bitcoin, often used to describe newer or lesser-known coins.

3. Blockchain: A decentralized digital ledger that records transactions across many computers.

4. Cryptocurrency: A digital or virtual currency that uses cryptography for security and operates independently of a central authority.

5. DAO: Decentralized Autonomous Organization—a group that operates through smart contracts and is governed by its members.

6. Decentralization: The transfer of control from a centralized entity to a distributed network.

7. DeFi: Decentralized Finance—financial services using blockchain technology that operate without a central authority.

8. DYOR: Do Your Own Research—an important reminder for investors to thoroughly investigate and understand any investment before committing.

9. GameFi: A combination of gaming and decentralized finance, enabling players to earn rewards through gameplay.

10. Gas Fee: A fee paid to miners for processing transactions on a blockchain, often associated with Ethereum.

11. Memecoin: A cryptocurrency inspired by internet memes, often created as a joke but sometimes gaining significant value.

12. Metaverse: A collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual space.

13. NFT: Non-Fungible Token—unique digital assets verified using blockchain technology.

14. Play-to-Earn: A gaming model where players earn cryptocurrency or other rewards by playing the game.

15. Presale: The sale of a cryptocurrency token before it becomes publicly available, often at a discounted price.

16. Smart Contract: Self-executing contracts with the terms of the agreement directly written into code.

17. Staking: The process of participating in a proof-of-stake (PoS) blockchain by locking up tokens to support network operations.

18. Token: A digital asset that represents ownership or a utility on a blockchain network.

19. Tokenomics: The economic structure of a cryptocurrency token, including its creation, distribution, and usage.

20. Wallet: Digital tool that allows users to store and manage their cryptocurrency.