Coin dictionary: Understand a coin in 15 seconds

Everyone recommends diversifying your investment portfolio to avoid risks. “Don't put all your eggs in one basket.”

But you should not invest too widely because it will not optimize profits.

There are over 13,000 coins on the market and growing every day. Therefore, I created this coin dictionary for you to keep track of potential coins.

These are coins that many people are interested in. You may not invest everything, but it also helps you better understand the big picture of the entire market.

The coins below are sorted by search volume. Not at the level of potential and not as investment advice.

NOTE: In all the above articles BLOCK55, I will use the word "coin" to refer to all coins and tokens in general!

What is HT coin?

Huobi Token (HT) is a token issued by Huobi Global. This is one of the exchange coins that is very popular after the success of Binance's BNB coin.

HT's functions are similar to BNB including reduced transaction fees and IEO purchases.

On Binance, you use BNB to participate Launchpad. On Huobi floor, you use HT to participate Primelist.

What is TWT coin?

Trust Wallet Token is the coin of Trust Wallet.

This is a multi-chain wallet, which means you can store coins/tokens of many different blockchains such as BTC, ETH, BNB...

Trust Wallet was acquired by Binance in 2018.

I remember that at Christmas 2020, Binance airdropped each user 100 TWT coins.

Coin dictionary: What is Chiliz coin?

Chiliz coin (CHZ) is a coin created so fans can own Fan Tokens.

See more: What is Fan Token??

By owning Fan Tokens, fans can give voting rights, connect or receive exclusive offers from football clubs or other sports.

Some prominent Fan Tokens include Paris Saint-Germain (PSG), Manchester City (CITY), Santos FC (SANTOS)…

What is TKO coin?

TKO is the coin of Tokocrypto, one of the largest cryptocurrency exchanges in Indonesia.

TKO Coin is the 19th project of Binance LaunchPad.

What is FEG coin?

F.E.G stands for Feed Every Gorilla, so this coin has a picture of a gorilla.

This is a decentralized trading network that operates on Ethereum and BSC and has a total supply of 100 million billion.

FEG philanthropically partners with the African Protected Areas Alliance (PASA).

What is a Shiba Inu?

Shiba Inu (SHIB) is a token created in August 2020 by an anonymous person or group of people named “Ryoshi”.

SHIB was inspired by Japanese Shiba Inu dogs and was a "hot dog and cat trend" at that time.

This is a token issued according to Ethereum's ERC20 standard and is used as a gift for those who have previously bought / sold on the ShibaSwap exchange.

What is EPS coin?

EPS is the coin of the Ellipsis Finance platform.

This is a decentralized exchange running on BSC specifically for stable coins.

See more: What are stablecoins?? 3 popular types of stable coins that you need to know

What is TRB coin?

Tellor (TRB) is the coin of the Tellor ecosystem, one of the most popular oracles today.

See more: What is Oracle?: Simple explanation for newbies

Oracles are decentralized networks whose purpose is to take data from outside life and feed it to smart contracts in the blockchain.

What is the FIO protocol?

FIO protocol is a protocol that simplifies confusing concepts of cryptocurrency wallets such as Public & Private Key into “FIO addresses” similar to email addresses. For example, stanley@wallet…

This makes it easier for new people to access cryptocurrencies, especially those who are not technically savvy.

What is SLP coin?

Smooth Love Potion (SLP) is the currency in the popular game Axie Infinity.

You can use SLP to breed digital pets called Axies and sell them to other players on the market.

To earn SLP you can do daily missions or fight in different modes.

You can trade SLP on exchanges like Binance.

What is CET token?

CET is the token of CoinEx exchange. This is a centralized exchange (CEX) founded in 2017 and headquartered in the UK.

CoinEx Smart Chain (CSC) is an Ethereum virtual machine (EVM) compatible blockchain within the CoinEx ecosystem.

What is TLM coin?

Trilium (TLM) is the coin of the game Alien Worlds.

This is a Free to earn game (Earn for free but very little), Play to earn (Play to earn) released in early April 2021.

When it first came out, I used to play this game, it was quite interesting, just buy NFT and click mine and you're done.

This is an NFT game that combines metaverse about the mining of a rare mineral in the virtual universe called Trilium.

The game Alien Worlds runs on the WAX blockchain. Then combined with Binance to launch Mission.

You can stake TLM into spacecraft doing different missions for a period of 1, 2 weeks and 1, 3 months.

At the end of the mission you will be awarded TLM and NFT tokens. These tokens can now be traded on Binance NFT.

Which ecosystem does Pond coin belong to?

Marlin is a layer 0 protocol that provides programmable network infrastructure for DeFi and Web 3.0 and is a coin in the Ethereum ecosystem.

Recently, Marlin has also allowed users to transfer coins through the Arbitrum network to take advantage of low transaction fees on this network.

So I just went through some popular coins in the coin dictionary that many people are interested in. I will update more in the near future!