Digital Odyssey

Digital Odyssey Here in Digital Odyssey is a collection of crypto-enthusiasts...a race on a journey to knowledge

In recent times, we've seen an increased activity in new crypto projects with accompanying airdrops which either comes i...
08/08/2023

In recent times, we've seen an increased activity in new crypto projects with accompanying airdrops which either comes in as a mining activity , or a supposed disburse either instantly or after a supposed specified period.
Whilst some are genuine, it's important to take heed of certain time b%mbs m&sked as projects waiting to happen....especially if you're new to the ecosystem.
Airdrops are basically designed to be free, any project asking for you to pay any amount to either receive their airdrop, or "unlock" it is most likely a sc%m. So keep your eyes peeled.

Crypto Airdrops.Crypto airdrops are promotional activities which are largely a marketing strategy...they involve crypto ...
08/08/2023

Crypto Airdrops.

Crypto airdrops are promotional activities which are largely a marketing strategy...they involve crypto projects who in a bid to create excitement geared towards building their projects community which in turn attracts both talents and investors, tend to share a particular fraction of their total available token/coin, or some other token, to their community. Most airdrops have certain activities or rules unique to them. However, to claim any of these token being advertise ( largely new token), the project's team will have to deploy the smart contract with respect to the deploying network for users to be able to claim the airdrop token.

* OF DECENTRALIZED FINANCE**CRYPTO TERMINOLOGIES*Once the price reaches a high point, they sell off all that they own a...
07/08/2023

* OF DECENTRALIZED FINANCE*
*CRYPTO TERMINOLOGIES*

Once the price reaches a high point, they sell off all that they own and the price falls drastically.

14. *BAGHOLDER* - This term is for someone left with a cryptocurrency after a pump and dump. E.g Everyone holding Sh*tcoins after they fall

15. *GAS FEE* - A fee for validating a transaction.

16. *REKT* Slang for ‘wrecked’. It implies that the user lost a lot of money on cryptocurrency.

17. *MOON* - A belief that a Cryptocurrency will rise exponentially in price.

18. *HODL* - A drunken misspelling of the word ‘hold’ which is now a slang people use when they say they are going to wait and hold onto a cryptocurrency.

19. *NFT* - (Non Fungible Tokens) NFTs enable people to buy and sell collectibles like art, music and trading cards using smart contracts. NFTs can work like any other speculative asset, where you buy it and hope that the value of it goes up one day, so you can sell it for a profit.

20. *DYOR* - (Do Your Own Research) often aims to reduce the number of uninformed investors in cryptocurrency. It encourages them to research and understand a cryptocurrency before investing.

21. *NFA* - (Not a Financial Advise) The term is also often used as a disclaimer when cryptocurrency traders and enthusiasts make public posts or share their market analyses on social media platforms.
The market cannot be 100% predictable and even a “Correct” analysis can fail so it’s important that users apply discretion while investing.

22. *WHALE* - A crypto whale is wealthy individual or a company that can move large amounts of cryptocurrency in one go. This can have a big impact on the market.

23. *FUD* - (Fear, Uncertainty and Doubt) Events and news that create a negative effect on the market

24. *BULLISH* - The upward movement of a market

26. *BEARISH* - The downw

* OF DECENTRALIZED FINANCE**CRYPTO TERMINOLOGIES*1. *FIAT* - Government-issued currencies i.e Naira, Dollar2. *BLOCKCHA...
07/08/2023

* OF DECENTRALIZED FINANCE*
*CRYPTO TERMINOLOGIES*

1. *FIAT* - Government-issued currencies i.e Naira, Dollar

2. *BLOCKCHAIN* - the technology of cryptocurrency that keeps the system secure and decentralized.

3. *DEFI* - (Decentralized Finance) is an ecosystem that operates independently, free of third parties or exchanges.

4. *CEFI* - (Centralized Finance) had always been the standard for trading Crypto before DEFI. CEFI involves the use of companies operating exchange platforms like Binance, FTX etc

5. *WHITE PAPER* - A white paper is a document that outlines what a cryptocurrency is created to do and how it will achieve it.

6. *TOKENOMICS* - This is a combination of Token & Economics. It helps understand the supply and demand characteristics of a cryptocurrency

7. *ICO* - Stands for ‘Initial Coin Offering’, which is where a new cryptocurrency gives away some coins at a discounted rate usually to finance the project.

8. *IDO* - Stands for ‘Initial DEX Offering’ refers to the launching of a cryptocurrency on a decentralized exchange (DEX) usually at a price lower than the listing price in order to raise funds.

9. *COIN* - There is a difference between Coins and Tokens. A coin is an asset that is native to its own blockchain. E.g Bitcoin, Ethereum, Solana

10. *TOKENS* - Tokens are created on existing blockchains. I.e Every cryptocurrency created under BSC, SOL, ETH or any other blockchain is not a coin but a Token. E.g $cake (Bsc), $rope (Sol), $UNI (Eth). Tokens are the backbones of DEFI & exist to be used with DEX.

11. *MARKET CAPITAL* - The total trading value of a cryptocurrency. Calculated by (Current Price x Circulating Supply= Mcap)

12. *STABLECOIN* - A cryptocurrency that is tied to the value of the US dollar to make it more stable and less volatile. E.g USDt, Busd

13. *PUMP AND DUMP* - This is kind of like a scam where people who own a large share of a Coin encourage others to buy to artificially pump the price. Once the price reaches.

Hello guys... Whilst we look forward to hitting the gas pedals as well as other extracurricular, it's important to stres...
12/01/2023

Hello guys... Whilst we look forward to hitting the gas pedals as well as other extracurricular, it's important to stress emphatically on the importance of certain value system cm heads-up you'll find useful on your voyage...
**patience : this will aid build an atmosphere of calmness within you crucial for clear thinking, strategic planning and effectual growth indice.
***Determination : acts as a storm breaker. this will keep you going against all odds and save you the ordeals of panic especially during a prolonged bearish market or the likes.
***Run at your own pace..you'll get to know about this latter

Sincerely

12/01/2023

First basic intro coming up soon...

Definition of basic terms....

Who's excited😀...
Let's get the bandwagon a lil bit occupied first then we hit the road

Good afternoon guys...so here's a whitepaper about the page....The digital sphere has proved in recent times to be a vas...
12/01/2023

Good afternoon guys...so here's a whitepaper about the page....
The digital sphere has proved in recent times to be a vast island of possibilities one of which is the patence of digital currency. A sphere, now home and safe haven to several individuals whilst some hope or dread to make an attempt into it due to several "landmines" littered across the zone ranging from scam projects to other intricacies required to thrive. Here in Digital Odyssey we hope to be a bridge supplying-- in alliance with other professional bodies/entity--basic informations and survival kit to those who wish to take on the adventure into the cryptosphere but lack basic knowledge or are just logically scared, along with other extracurricular activities that are of essence informative and entertaining . so hop right on and enjoy the ride.
Disclaimer..
we are not financial advicers... informations hitherto shared is basically designed to supply basic knowledge of digital ecosystem cm other fun facts.
sincerely....

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