CRYPTOCURRENCIES VS. TOKENS? · 2020-03-13 · All blockchain-based currencies are...
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Cryptocurrencies, including tokens, can be obtained in several ways: You can purchase them on cryptocurrency exchanges, such as Binance, IDEX, HitBTC, Bancor and others. You can have someone send you some directly to your crypto-wallet (see below) as a payment for goods or services (or as a gift - why not?). You can also participate in an “ICO” (Initial Coin Offering - sometimes also called Initial Token Sale or ITS), purchasing cryptocurrencies in a Kickstarter fashion (and generally at a discount). Made with ❤ in Germany by savedroid https:// ico.savedroid.com https:// ico.savedro id.com CRYPTOCURRENCIES VS. TOKENS? HOW TO GET CRYPTO? KNOW YOUR CRYPTO-SLANG WHAT’S A (CRYPTO) WALLET? WHERE TO HANG OUT CRYPTO 101 BEGINNER’S GUIDE https://ico.savedroid.com All blockchain-based currencies are cryptocurrencies, because they all enable payments of goods or services in some ways. However, unlike bitcoin (BTC) or ether (ETH), which are widely accepted currencies, tokens are cryptocurrencies that are specific to their respective ecosystems. One exception to this is that tokens can be traded on crypto-exchanges; therefore, in that sense, tokens can be used to buy other cryptocurrencies (tokens or other types). Despite what it sounds like, a wallet doesn’t “store” your cryptocurrencies (which are “registered” as yours on the blockchain). It is a software program that stores private and public keys (do not ever share the private ones with anyone - they are called “private” for a reason) and interacts with various blockchains to enable you to send and receive digital currencies and monitor their balance. Now you know some of the jargon already. But how about sounding cool to your friends? Here is what you need to use in a conversation for that: LAMBO: yes, it’s about the car. It’s basically THE car you’re supposed to buy when you become a crypto-millionaire. HODL: no it’s not a typo (well, actually it originally was). It simply means holding (i.e. not selling) your crypto, betting that the current sh*tstorm will pass. MOON: when a crypto reaches an insane/infinite value. “When Moon?” is also often used for asking when the value of a crypto will take off. The crypto community hangs out in distinct Internet “places”. That’s where you can find them: BITCOINTALK: the most popular forum, which is not just about bitcoin! REDDIT: although a general-purpose forum, the crypto-community is strong in this one! TELEGRAM: it’s the WhatsApp/WeChat/Line of the crypto-community. The reason is that it allows for huge group conversations. For instance, there are more than 50,000 members in savedroid’s Telegram group. See you there!
Transcript of CRYPTOCURRENCIES VS. TOKENS? · 2020-03-13 · All blockchain-based currencies are...
Cryptocurrencies, including tokens, can be obtained in several ways:
You can purchase them on cryptocurrency exchanges, such as Binance, IDEX, HitBTC, Bancor and others.
You can have someone send you some directly to your crypto-wallet (see below) as a payment for goods or services (or as a gift - why not?).
You can also participate in an “ICO” (Initial Coin Offering - sometimes also called Initial Token Sale or ITS), purchasing cryptocurrencies in a Kickstarter fashion (and generally at a discount).
Made with ❤
in Germany by savedroidhttps://
ico.savedroid.com
https://ico.savedro
id.com
CRYPTOCURRENCIES VS. TOKENS?
HOW TO GET CRYPTO?
KNOW YOUR CRYPTO-SLANG
WHAT’S A (CRYPTO) WALLET?
WHERE TO HANG OUT
CRYPTO 101
BEGINNER’S GUIDE
https://ico.savedroid.com
All blockchain-based currencies are cryptocurrencies, because they all enable payments of goods or services in some ways. However, unlike bitcoin (BTC) or ether (ETH), which are widely accepted currencies, tokens are cryptocurrencies that are specific to their respective ecosystems.
One exception to this is that tokens can be traded on crypto-exchanges; therefore, in that sense, tokens can be used to buy other cryptocurrencies (tokens or other types).
Despite what it sounds like, a wallet doesn’t “store” your cryptocurrencies (which are “registered” as yours on the blockchain).
It is a software program that stores private and public keys (do not ever share the private ones with anyone - they are called “private” for a reason) and interacts with various blockchains to enable you to send and receive digital currencies and monitor their balance.
Now you know some of the jargon already. But how about sounding cool to your friends? Here is what you need to use in a conversation for that:
LAMBO: yes, it’s about the car. It’s basically THE car you’re supposed to buy when you become a crypto-millionaire.
HODL: no it’s not a typo (well, actually it originally was). It simply means holding (i.e. not selling) your crypto, betting that the current sh*tstorm will pass.
MOON: when a crypto reaches an insane/infinite value. “When Moon?” is also often used for asking when the value of a crypto will take off.
The crypto community hangs out in distinct Internet “places”. That’s where you can find them:
BITCOINTALK: the most popular forum, which is not just about bitcoin!
REDDIT: although a general-purpose forum, the crypto-community is strong in this one!
TELEGRAM: it’s the WhatsApp/WeChat/Line of the crypto-community. The reason is that it allows for huge group conversations. For instance, there are more than 50,000 members in savedroid’s Telegram group. See you there!
