Crypto & Coffee #3 “Basic Crypto Terms, Pt. 3” – Nick Black (Tokens, ICO, STO, etc.)
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Here are the Notes:
Bullish – An expectation that price is going to increase.
Bearish – An expectation that price is going to decrease.
ATH – All-Time-High. We’ve gotten a lot of these the past couple months.
Altcoin – Generally any crypto-currency other than Bitcoin or Ethereum. (Though some Bitcoin folks would probably still say Ethereum is an altcoin)
Tokens – Refers to the ‘currency’ of projects built on the Ethereum network that have raised money via issuing their own tokens.
Examples:
BTC – Bitcoin
ETH – Ethereum
XRP – “eX-aRe-Pee”
BAT – Basic Attention Token
ADA – Cardano
ICO -Initial Coin Offering, somewhat similar to an IPO in the non-crypto world. Startups issue their own token in exchange for ether. This is essentially crowdfunding on the Ethereum platform.
STO – Security Token Offering, similar to the IPO/ICO
model, where a startup may convert all or a portion
of their EQUITY into a Digital Asset or TOKEN that
can then be sold to ‘QUALIFIED’ (accredited)
investors.
* Note: projects MUST have’s:
~ Exp. Software/Engineers & Developers
~ Exp. Business/Management Execs.
~ Exp. Macro Finance or “Tokenomics” Execs.
~ A well-written WHITEPAPER explaining the Project
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With these videos we are attempting to be a non-technical teaching resource for people who want to learn about the cryptocurrency space without having to have an advanced degree in particle physics.
We’re inspired by all of the greats in the space — The On The Chain Live team (Jeff, Chip, etc.)(https://www.youtube.com/channel/UCjaVoVe_YxHxmnJt6wNDOxA); The team of professionals at Real Vision (https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A); the Genius Whiteboard Guru George Gammon (https://www.youtube.com/channel/UCpvyOqtEc86X8w8_Se0t4-w); Jungle Inc.(https://www.youtube.com/channel/UC9t0DRLy5_dQEpb8nPKAiQA); of course… Andreas Antonopoulos (https://aantonop.com); Jeff Snider; the team at Macro Voices (https://www.youtube.com/channel/UCICRehoZjq3ZtAWgRJX118A), the list goes on.
They’re all amazing, but we found that there needed to be a bridge for the average joe… like us. So we’re just a bunch of average humans that listen to brilliant people, and distill it down to something we can all digest. Thank you for taking your time and sharing it with us.
Please leave us your thoughts, comments, ideas…
NONE of this is Financial Advice or Crypto Financial Advice… it’s just knowledge so that you can make the best decisions possible without tripping over the technical words and uber-nerd nature of this space. Invest/Buy/Sell/Swap/Speculate at your own risk… after all… this is all about risk and probabilities.
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