A crypto address is a unique sequence of letters and numbers. It can be used to send or receive cryptocurrency. An interesting feature of blockchain addresses is that they are public, and through a blockchain explorer we can see how much an address holds as well as transactions in and out of the address. However, privacy based cryptocurrencies such as Monero and Zcash are an exception.

An airdrop refers to the distribution of tokens or NFTs to wallets for free. In order to be eligible for these rewards, wallets may have to meet certain criteria by holding a specific token or doing some task. Airdrops are mainly used as a marketing strategy.

Every crypto project is incomplete without having a community. In our community, each member is referred to as an Akordian. If you’d like to chat with other Akordians, ask questions and stay up to date with everything Akord, you won’t regret joining our Discord.

The highest trading price an asset has ever reached.

The lowest trading price an asset has ever reached.

The term altcoin refers to every other cryptocurrency except for Bitcoin. This is because Bitcoin is the first and oldest cryptocurrency. The rest are essentially considered “alternative coins”.

Altcoin season or “Altseason” is a period where money flows out of Bitcoin into altcoins which results in rapid price increases for altcoins.

Apeing means to quickly rush in and invest into a crypto project without doing any research or knowing much about the asset. Usually happens right when a project is launched in order to avoid FOMO.

API is an acronym for Application Programming Interface. It is an interface between computers or programs that allows them to communicate with each other. The more APIs a Web3 protocol has, the more interoperable and easier they are to build on top of. 

If you’d like to build on Akord, you can check out our API.

Arweave is a decentralized blockchain project that ensures data permanence. Users pay a one-time upfront fee and their valuable data will permanently be stored on the Arweave network.

Atomic NFTs contain all three parts of an NFT - asset file, metadata file and the smart contract - in a single Arweave transaction. This ensures your NFT is truly permanent as there is no fear of link rot or stress as all parts of your NFT are safely stored on Arweave.