FULLFORMDEFINITION
This section includes 8145 fullforms, each offering curated multiple-choice questions to sharpen your Cryptocurrency knowledge and support exam preparation. Choose a topic below to get started.
| 6852. |
CMC meaning in Cryptocurrency ? |
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Answer» INFO: Full form for CMC is CryptoMotorcycle in Cryptocurrency category
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| 6853. |
FRC meaning in Cryptocurrency ? |
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Answer» INFO: Full form for FRC is Freicoin in Cryptocurrency category
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| 6854. |
TSC meaning in Cryptocurrency ? |
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Answer» INFO: Full form for TSC is TrusterCoin in Cryptocurrency category
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| 6855. |
MEGA meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MEGA is MegaCryptoPolis in Cryptocurrency category
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| 6856. |
MEGA meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MEGA is MegaToken in Cryptocurrency category
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| 6857. |
GIL meaning in Cryptocurrency ? |
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Answer» INFO: Full form for GIL is Gilgamesh ETH in Cryptocurrency category
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| 6858. |
JMC meaning in Cryptocurrency ? |
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Answer» INFO: Full form for JMC is Junsonmingchncoin in Cryptocurrency category
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| 6859. |
SMC meaning in Cryptocurrency ? |
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Answer» SmartCoin (SMC) (SMC) is a cryptocurrency . Users are able to generate SMC through the process of mining. SmartCoin (SMC) has a current supply of 29,091,308.73420226. The last known price of SmartCoin (SMC) is 0.00792159 USD and is down -0.70 over the last 24 hours. It is currently trading on 1 active market(s) with $0.00 traded over the last 24 hours. More information can be found at http://smartcoin.cc/. reference
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| 6860. |
RDD meaning in Cryptocurrency ? |
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Answer» What Is Reddcoin (RDD)? Reddcoin (RDD) is a digital currency designed for tipping and sending money for social payments. It is the cryptocurrency that powers the Redd ecosystem, a social tipping platform and volunteer-run organization that lets you support, donate and help fund various causes around the world. It is one of the oldest projects in the cryptocurrency space and was launched back in 2014 — during what many consider to be the year of peak innovation for blockchain technologies. The cryptocurrency is designed to be a simple to use mode of payment that can be transferred at low cost on the Redd Network. It can also be used as a means of payment on most social network platforms, allowing users to easily transact with their friends and followers, much in the same way that Snapcash does for Snapchat users, and Facebook Cash does for Facebook users. The Reddcoin token (RDD) can be earned through a unique algorithm known as proof-of-stake-velocity (PoSV), which sees RDD holders stake their assets on the Reddcoin wallet to earn rewards. Who Are the Founders of Reddcoin?Reddcoin was originally developed by Jonathan Patenaude, a software developer who crafted the core code for the platform. He joined Larry Ren in creating the first legal entity surrounding the Reddcoin platform in 2015 — a now-dissolved UK-based company known as Reddcoin Ltd. Both Patenaude and Ren resigned from their posts at Reddcoin in 2015, and the remaining team members began working with the community to continue the development of the project. As of November 2020, the core members of the Reddcoin project are Jay Laurence, John Nash, David Faust and Michael Kirlew. Jay Laurence, an experienced IT professional and consultant and early cryptocurrency adopter is listed as the project leader, whereas John "CryptoGnasher" Nash, a heavily experienced project manager and IT expert, is its solutions architect. Meanwhile, David Faust and Michael Kirlew handle operations and branding/development at Redd respectively. Beyond this, the team consists entirely of volunteers, ranging from developers to designers, social media mavericks, and more. The Reddcoin company currently lists 20 employees on LinkedIn, all volunteers. What Makes Reddcoin Unique?Reddcoin is designed primarily for tipping, sharing and donating to others around the world. To help facilitate this, it has eliminated several of the major barriers that have hindered the adoption of some other cryptocurrencies — such as slow transactions and high transaction fees. With Reddcoin, transactions are confirmed in just seconds. Since it is a Litecoin fork, it benefits from extremely short block times, with a new block created every minute. As a result, transactions rarely take more than a minute to finalize. On top of this, transactions are free. This means no gas wars or transaction fee hikes when the network load increases, making Reddcoin ideal for micropayments and donations. From a consumer’s perspective, Reddcoin represents an opportunity to easily monetize content and seek funding for charitable causes via a wide variety of social media platforms. As a currency backed by a social cause, Reddcoin provides content creators and activists with a platform they can use to advocate for social campaigns while being rewarded for their time and energy. RDD holders, on the other hand, can stake their tokens for a dynamic return, currently at approx 10% annually, to help secure the network and earn a yield while doing so. Related Pages:Learn more about ReddCoin's technology and staking at https://www.reddcoin.com Read the ReddPaper at: https://redd.love/assets/doc/Redd-Paper.pdf Read the FAQ for the ReddPaper at: https://redd.love/assets/doc/PoSV-v2-FAQ.pdf Learn more about Redd's social movement and altruistic efforts at https://redd.love Read the ReddBook, the summary document of the Project Redd social movement here: https://redd.love/assets/doc/Redd-Book.pdf Read articles from the team at https://techadept.medium.com and https://www.reddit.com/r/reddcoin Find out the difference between proof-of-work (POW) and proof-of-stake (POS) at CoinMarketCap Alexandria. How Many Reddcoin (RDD) Coins Are There in Circulation?As of August 2021, there are just over 30.8 billion RDD in circulation, representing 100% of the total supply at the time. Due to the rewards distributed via the proof-of-sake-velocity (PoSVv2) consensus mechanism, the total supply of Reddcoin increases by around 5% per year. The platform rolled out an updated version of its POSV algorithm in October 2019 as part of a major platform upgrade. This update aimed to "provide enhanced network growth stability, strengthen staking incentives, and provide funding support for development teams." The update introduced a developer funding reward, which sees 8% of newly minted tokens derived from the inflation rewards distributed to the developer wallet — to ensure the continued development of the project. The rest of the rewards are distributed to stakers. As of December 2020, a total of 15.46% of RDD tokens were staked, representing an expected yield of 32.3% — though these figures are likely to change as the staked supply varies with time. How Is the Reddcoin (RDD) Network Secured?As with most major cryptocurrencies, Reddcoin is built on a decentralized network, and information is stored on a peer-to-peer (P2P) network. As a result, there is no middleman handling user data, making Reddcoin a privacy-preserving alternative to fiat. The network is built on top of a novel consensus algorithm known as proof-of-stake-velocity (PoSV), which is a modified version of proof-of-stake (POS). This intends to boost network activity by introducing additional rewards for users that stake their coins, sign blocks and interact with their assets on a regular basis. The process of staking helps keep the Reddcoin network secured against attacks by disincentivizing dishonest behavior while incentivizing participation. Where Can You Buy Reddcoin (RDD)?Reddcoin is currently available to trade on just a handful of exchange platforms, the most prominent of which is Bittrex. As of November 2020, Reddcoin can be traded against Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC), or again fiat currencies like the Euro (EUR) and US dollar (USD). To learn more about buying ReddCoin, see our current list of exchanges here: https://wiki.reddcoin.com/Exchanges or on our Market tab above here on CoinmarketCap reference
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| 6861. |
MAT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MAT is Monster Adventure Token in Cryptocurrency category
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| 6862. |
MAT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MAT is My Master War in Cryptocurrency category
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| 6863. |
SNAP meaning in Cryptocurrency ? |
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Answer» INFO: Full form for SNAP is SNAP! in Cryptocurrency category
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| 6864. |
SNAP meaning in Cryptocurrency ? |
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Answer» INFO: Full form for SNAP is Snap Token in Cryptocurrency category
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| 6865. |
XAT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for XAT is ShareAt in Cryptocurrency category
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| 6866. |
BDA meaning in Cryptocurrency ? |
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Answer» INFO: Full form for BDA is Beeuda in Cryptocurrency category
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| 6867. |
GINU meaning in Cryptocurrency ? |
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Answer» What is Gold D. Inu? Gol D. Roger, more commonly known as Gold Roger, was a legendary pirate who, as captain of the Roger Pirates, held the title of Pirate King and owned the legendary treasure known as One Piece. Inspired by this, GOL D INU is the very first treasure hunting on a blockchain migrated with NFTs to provide tools (maps, "poneglyphs", etc). GINUSWAP will be available soon! featuring OnePiece-inspired Tokens which we see such potential. Mechanics of the gameplay will be continuously updated on the official site as well as on the official TG group. Features also include staking and tool/NFT marketplace which then be integrated to the Pirate Battle. And finally, Play-to-Earn battle royale on Phase 4 is underway. How many $GINU are there in circulation?With 50% of the supply getting burned, 39.5% in liquidity, and 10.5% on private buyer. How can I buy $GINU?As of the moment $GINU is available at uniswap decentralized exchange. With an initial market pair of $GINU to ETH. What to expect in $GINU?We plan to register our project with different decentralized exchanges and also to have partnerships with youtube and twitter crypto professionals to gather more investors. Also, expanding our team with website developer, artists, and game developer to start our intention to be the first treasure hunting gameplay on Ethereum Blockchain. reference |
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| 6868. |
GTO meaning in Cryptocurrency ? |
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Answer» INFO: Full form for GTO is Gifto in Cryptocurrency category
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| 6869. |
NGM meaning in Cryptocurrency ? |
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Answer» INFO: Full form for NGM is e-Money in Cryptocurrency category
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| 6870. |
GLC meaning in Cryptocurrency ? |
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Answer» INFO: Full form for GLC is Goldcoin in Cryptocurrency category
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| 6871. |
GO meaning in Cryptocurrency ? |
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Answer» GoChain (GO) platform uses a Proof of Reputation consensus model which may take into account the reputation of all network participants. Said to be fully compatible with existing Ethereum wallets, smart contracts and other tools, GoChain aims to enable developers to deploy decentralized applications on a network with greater energy efficiency than that of Bitcoin or Ethereum. reference
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| 6872. |
MGA meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MGA is Metagame Arena in Cryptocurrency category
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| 6873. |
GES meaning in Cryptocurrency ? |
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Answer» INFO: Full form for GES is Stone Age NFT Marketplace in Cryptocurrency category
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| 6874. |
AGS meaning in Cryptocurrency ? |
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Answer» INFO: Full form for AGS is Collector Coin in Cryptocurrency category
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| 6875. |
GB meaning in Cryptocurrency ? |
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Answer» GoldBlocks (GB) is a cryptocurrency . Users are able to generate GB through the process of mining. GoldBlocks has a current supply of 15,563,873.357595. The last known price of GoldBlocks is 0.00792159 USD and is down -0.70 over the last 24 hours. It is currently trading on 1 active market(s) with $0.00 traded over the last 24 hours. More information can be found at http://goldblocks.eu/. reference
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| 6876. |
GB meaning in Cryptocurrency ? |
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Answer» INFO: Full form for GB is Good Bridging in Cryptocurrency category
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| 6877. |
FXP meaning in Cryptocurrency ? |
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Answer» INFO: Full form for FXP is FXPay in Cryptocurrency category
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| 6878. |
GAS meaning in Cryptocurrency ? |
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Answer» INFO: Full form for GAS is Gas in Cryptocurrency category
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| 6879. |
GAS meaning in Cryptocurrency ? |
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Answer» INFO: Full form for GAS is Gas DAO in Cryptocurrency category
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| 6880. |
CTL meaning in Cryptocurrency ? |
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Answer» INFO: Full form for CTL is Citadel in Cryptocurrency category
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| 6881. |
CTL meaning in Cryptocurrency ? |
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Answer» INFO: Full form for CTL is Twelve Legions in Cryptocurrency category
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| 6882. |
IPX meaning in Cryptocurrency ? |
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Answer» INFO: Full form for IPX is Tachyon Protocol in Cryptocurrency category
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| 6883. |
MAN meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MAN is Matrix AI Network in Cryptocurrency category
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| 6884. |
MIB meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MIB is MIB Coin in Cryptocurrency category
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| 6885. |
LUN meaning in Cryptocurrency ? |
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Answer» Lunyr describes itself as an Ethereum-based decentralized world knowledge base which rewards users with app tokens for peer-reviewing and contributing information. It aims to be the starting point of the internet for finding reliable, accurate information. Its long-term vision is to develop a knowledge base API that developers can use to create decentralized applications in Artificial Intelligence, Virtual Reality, Augmented Reality, and more. reference
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| 6886. |
MCT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MCT is MCOBIT in Cryptocurrency category
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| 6887. |
MCT meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MCT is Microtuber in Cryptocurrency category
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| 6888. |
MCT meaning in Cryptocurrency ? |
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Answer» Master Contract Token (MCT) is a cryptocurrency and operates on the Neo platform. Master Contract Token has a current supply of 580,000,000 with 567,499,990 in circulation. The last known price of Master Contract Token is 0.00227396 USD and is down -0.90 over the last 24 hours. It is currently trading on 3 active market(s) with $38,536.11 traded over the last 24 hours. More information can be found at https://splyse.tech/#projects. reference
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| 6889. |
KRL meaning in Cryptocurrency ? |
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Answer» INFO: Full form for KRL is Kryll in Cryptocurrency category
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| 6890. |
KRL meaning in Cryptocurrency ? |
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Answer» INFO: Full form for KRL is Kart Racing League in Cryptocurrency category
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| 6891. |
LPI meaning in Cryptocurrency ? |
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Answer» INFO: Full form for LPI is LPI DAO in Cryptocurrency category
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| 6892. |
LPT meaning in Cryptocurrency ? |
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Answer» What Is Livepeer (LPT)? Launched in 2017, Livepeer is the first live video streaming network protocol that is fully decentralized. The platform aims to become a viable blockchain-based, economically efficient alternative to centralized broadcasting solutions for all new and existing broadcaster companies. To learn more about this project, check out our deep dive of Livepeer. As stated in the official Livepeer whitepaper, the live video streaming and broadcasting industry is growing at a rapid pace, and the company is looking to ride this wave and introduce decentralization to the environment. Livepeer aims to streamline the broadcasting process by allowing producers to submit their work on the platform, taking care of reformatting and distributing the content to users and streaming platforms. Who Are the Founders of Livepeer?Livepeer is an open-source protocol, which means that developers can freely contribute to the underlying code on GitHub. Livepeer Inc is the legal entity behind the Livepeer platform. Livepeer Inc was founded by Doug Petkanics and Eric Tang. Doug Petkanics graduated with a degree in computer science from the University of Pennsylvania in 2006. Since then, he has been an integral part of several big names like Groupon and Wildcard. In 2006, he joined Accenture as an analyst, and in 2010 he co-founded Hyperpublic, which Groupon later acquired. In 2013, Petkanics co-founded Wildcard, a publishing platform, and web browser. Since 2016, he has been at the center of development for Livepeer. Eric Tang graduated with a degree in electrical and computer engineering from Carnegie Mellon University. In 2008, he joined Next Jump as a software developer, and in 2010 he became a product manager for Clickable. In 2010, he teamed up with Doug Petkanics and co-founded Hyperpublic. Since then, the duo has worked together on Wildcard and later on Livepeer. What Makes Livepeer Unique?Livepeer is a unique project because it aims to revolutionize the broadcasting industry by employing the powers of blockchain technology. The open-source platform allows users and developers to participate in the management and improvement of the platform freely. The growing capabilities of digital cameras for producing high-quality video content drive the development of the broadcasting industry, and Livepeer aims to further boost this process by allowing users to benefit from decentralized computing power and crypto-economic incentives for bootstrapping and participation. Livepeer is becoming a leading industry platform, as it allows users to participate in numerous ways. The platform offers opportunities for pay-as-you-go content consumption, auto-scaling social video services, uncensorable live journalism, and video-enabled DApps. Livepeer is transforming the live video streaming process and is on the road to becoming an industry leader. Related Pages:Read more about Basic Attention Token. Find out more about NEAR protocol. Learn more about transactions on the blockchain. Have a look at the CoinMarketCap blog. How Many Livepeer (LPT) Coins Are There in Circulation?Livepeer has a maximum supply of 22,906,951 LTP tokens and a total supply of 22,859,012 LTP tokens. The circulating supply is 21,164,655 LPT. Of the total supply, founders and early team members split amongst themselves about 12.35%, which has a vesting period of 36 months from network launch. Another 19% of tokens were directed towards pre-sale purchases. The largest amount of tokens, 63.437%, was distributed towards crowd sales. Finally, 5% of the total token supply is reserved for maintaining the Livepeer network, ensuring the project’s future development. How Is the Livepeer Network Secured?As Livepeer is built on the Ethereum blockchain, the platform utilizes a modified version of a delegated proof-of-stake (DPoS) consensus mechanism. In a DPoS mechanism, there is no mining at all. Instead, the validation of new blocks on the blockchain happens based on the number of coins staked. This is what differentiates Livepeer from consensus mechanisms as the one Bitcoin uses. While Bitcoin’s proof-of-work (PoW) mechanism requires a large amount of electrical and computing power, the DPoS systems are more ecologically conscious and easily scalable. Not only that, LIvepeer benefits from the extensive DApp universe already established by the Ethereum blockchain, which further boosts the usability of the network. Where Can You Buy Livepeer (LPT)?Livepeer (LPT) tokens are becoming an increasingly sought-after asset, which is why more exchanges are starting to offer trading pairs with the cryptocurrency. If you are looking to purchase LPT, your best bet is Gate.io. Other recommended exchanges include: PoloniexOKExSushiswapIt is important to note that purchasing cryptocurrency bears risk, just like investing in any other asset. Find more information here about buying cryptos. reference
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| 6893. |
LOC meaning in Cryptocurrency ? |
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Answer» INFO: Full form for LOC is LockTrip in Cryptocurrency category
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| 6894. |
LIB meaning in Cryptocurrency ? |
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Answer» INFO: Full form for LIB is Libera in Cryptocurrency category
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| 6895. |
ICP meaning in Cryptocurrency ? |
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Answer» What is the Internet Computer (ICP)? The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum — a blockchain computer that scales smart contract computation and data, runs them at web speed, processes and stores data efficiently, and provides powerful software frameworks to developers. By making this possible, the Internet Computer enables the complete reimagination of software — providing a revolutionary new way to build tokenized internet services, pan-industry platforms, decentralized financial systems, and even traditional enterprise systems and websites. The project was founded in October 2016 by Dominic Williams, and attracted notable interest from the crypto community. DFINITY raised a total of $121 million from contributors such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable early Ethereum supporters. In 2018, over 50,000 registerter participants received ICP utility tokens in an airdrop. On December 18, 2020, DFINITY launched the alpha mainnet of the Internet Computer. In a final step towards decentralization, on May 10, 2021, DFINITY launched the Internet Computer into the public domain. This major milestone means that the internet now functions as a decentralized global computer — marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token allowing tens of thousands of community members to govern the Internet Computer network. To learn more about this project, check out our deep dive of Internet Computer. Who Is The Founder of the Internet Computer?Dominic Williams is the Founder and Chief Scientist of DFINITY. He is a crypto theoretician, responsible for inventing Threshold Relay, Probabilistic Slot Consensus, and other novel crypto techniques, serial entrepreneur, and early member of the Bitcoin and Ethereum technical communities. Previously, he was President and CTO of String Labs, an incubator for venture-backed crypto projects, early pioneer of DeFi at Mirror Labs, and Founder and CEO of Fight My Monster, a MMO game for children that scaled to millions of users. He also founded several startups such as System7, Airdocs and Smartdrivez. Graduated King’s College London 1st in Class in Computer Science. What is the DFINITY Foundation?The Internet Computer was incubated and launched by the DFINITY Foundation, a not-for profit scientific research organization based in Zurich, Switzerland, comprised of the world’s top cryptographers and distributed systems and programming language experts, with nearly 100,000 academic citations and 200 patents collectively. Notable technologists at DFINITY include: Jan Camenisch, PhD (VP of Research) - world-renowned cryptographer & privacy researcher, led IBM’s Cryptography / Research department for 19 years Andreas Rossberg, PhD (Principal Engineer and Researcher) - the co-creator of WebAssembly and former team lead for the Google Chrome V8 engine Ben Lynn, PhD (Sr Staff Engineer and Researcher) - world-renowned cryptographer and Google Engineer, the “L” in BLS cryptography, the key signature system being used in Ethereum 2.0 Jens Groth, PhD (Principal Researcher) - world-renowned cryptographer, known for pioneering non-interactive zero knowledge proofs Timo Hanke, PhD (Principal Researcher) - creator of AsicBoost, one of the few proven algorithmic optimizations for Bitcoin mining Paul Liu, PhD (Staff Engineer) - architected Intel’s Haskell compiler and received his PhD under Paul Hudak, a key designer of Haskell * Johan Georg Granström, PhD (Director of Engineering) - former Sr Staff Software Engineer at Google responsible for scaling YouTube system infrastructure After public launch on May 10, 2021, the DFINITY Foundation will now be one of many organizations committed to improving and maintaining the Internet Computer network. What Makes the Internet Computer Unique?The purpose of the Internet Computer is to extend the public internet, so it can also be the world’s compute platform. Today, the internet is a network that connects everybody and everything, but systems and services currently run from private infrastructure. The scientific breakthrough behind the Internet Computer is Chain Key Technology, which encompasses dozens of advanced technology such as novel Consensus, Non-Interactive Distributed Key Generation (NI-DKG), Network Nervous System (NNS), Internet Identity, etc. Chain Key Technology consists of a set of cryptographic protocols that orchestrate the nodes that make up the Internet Computer. It is one of the fundamental breakthroughs behind the Internet Computer, enabling it to have a single public key. This is a huge advantage because it allows any device, including smart watches and mobile phones, to verify the authenticity of artifacts from the Internet Computer. In contrast, this is not possible for traditional blockchains. The single public key is just the tip of the iceberg: Chain Key Technology is the engine that drives the Internet Computer and makes its operation possible. It allows for adding new nodes to form new subnets to scale the network infinitely; replacing faulty or crashed nodes with new ones without ever stopping; reviving subnets even if too many nodes within have failed; and upgrading the Internet Computer Protocol seamlessly, allowing the network to fix bugs and add new features. The DFINITY R&D team has invented a new noninteractive key resharing protocol. Each of the old signers only needs to broadcast a single message to the new signers. To ensure that this is done securely, many concepts from advanced cryptography are utilized, including encryption with forward secrecy and noninteractive zero-knowledge proofs. Because it is noninteractive, the way the key resharing protocol operates is ideal for an asynchronous environment, and the benefits include key preservation. Throughout the lifetime of a subnet, it is known by a single public key, and the other parties on the Internet Computer do not have to keep track of changing public keys. Who Runs the Nodes in the Internet Computer Network?At Genesis on May 10, 2021, the Internet Computer is supported by 48 independent data centers — located across North America, Europe, and Asia — running 1,300 nodes. The network will continue to grow exponentially to support the next generation of mega dapps, with 123 data centers running 4,300 nodes scheduled by the end of the year, and eventually thousands of data centers running millions of nodes to support the decade-long building out of the Open Internet. Importantly, anyone can become a node provider, interested parties apply for a Data Center ID (DCID) to the Network Nervous System (NNS), procure specialized machine nodes, install the ICP protocol, and connects to the Internet Computer network. How Fast is the Internet Computer Network?The scientific breakthrough called Chain Key Technology allows the Internet Computer to run at web speed — where query calls execute in milliseconds, and update calls take 1-2 seconds to finalize. More importantly, at Genesis, the Internet Computer will have a block rate of 2.5 blocks per second (bps), then quickly to an industry leading bps of 10.3 bps, and ~1,000 bps by end of the year. In the case of an open version of Reddit running on the Internet Computer, when a user browses the forum, customized views of the hosted content would be formulated and served into their web browser by the execution of query calls, which run in milliseconds on a nearby node, providing a fantastic user experience. But when a user wishes to occasionally make a post, or provide a tip of tokens to the author of a post, this would involve update calls, which would take 1–2 seconds. What Does the ICP Token Do?ICP are native utility tokens that play three key roles in the network: Facilitating Network Governance: ICP tokens can be locked to create neurons that participate in network governance by voting, through which they can earn economic rewards.Production of Cycles for Compute: ICP provides a source store of value that can be converted into cycles; which power computation in the role of fuel that is burned when it is used. The NNS converts ICP to cycles at a variable rate, so chosen to ensure users of the network can always create new cycles at approximately constant cost in real terms, such that the cost of acquiring fuel is predictable.Rewarding Participants: The network mints new ICP to reward and incentivize those playing important roles that enable the network to function, including: a) the provision of voting rewards to those participating in governance, b) the provision of voting rewards; to those operating the node machines hosting the network, and c) other miscellaneous activities.What Do Cycles Do?Cycles power computation in the role of fuel. They also have a constant value over the long-term, which contrasts with ICP, whose value will naturally vary over time. Moreover, Cycles will be pegged to the SDR, which is a logical currency unit defined by the International Monetary Fund, and 1 SDR worth of ICP can be converted into exactly one trillion Cycles to power computation. What Do Neurons Do?A neuron locks a balance of ICP utility tokens and enables its owner to participate in network governance, through which they can earn voting rewards. Who Are the Natural Buyers for ICP Tokens?Token Holders who want to participate in network governance and earn voting rewardsDevelopers who need to convert ICP tokens into Cycles to pay for computationICP Token Supply and Tokenomics?There will be 469,213,710 ICP tokens at Genesis. Circulating supply depends on the dynamics of the market. However, it is approximated to be 26% at Genesis. Genesis Initial State Token Allocations Early contributors: 9.50%Seed donations: 24.72%Strategic: 7.00%Presale: 4.96%Strategic partnerships: 3.79%Community airdrop: 0.80%Initial community and developer grants: 0.48%Node operators: 0.22%Internet Computer Association: 4.26%Team members: 18.00%Advisors and other third-party token holders: 2.40%DFINITY Foundation: 23.86%How Does the Internet Computer Network Nervous System Work for Voting?The NNS works by receiving proposals and deciding to adopt or reject them based on voting activity by neurons; that network participants have created. Neurons are also used by participants to submit new proposals. After submission, proposals are either adopted or rejected, which can happen almost immediately or after some delay, depending on how the totality of neurons vote. Where to Buy Internet Computer(ICP)?Internet Computer is available at a variety of crypto exchanges, depending on your region. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our Internet Computer market pairs tab. Internet Computer is available on many top exchanges, such as: Binance, Huobi Global, Coinbase, KuCoin, Gate.io and more. Be sure to do your own research before picking an exchange to buy Internet Computer, by using our education portal — Alexandria. To check Internet Computer price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Internet Computer price page. Alternatively, use the dedicated exchange rate converter page. Popular Internet Computer price pairs include: ICP/USD, ICP/GBP, ICP/AUD and ICP/EUR. What Are The Prominent Projects In The Internet Ecosystem?The Internet Computer launched with several high profile entrepreneurs and applications being built on it. These include: DeFiEnso Finance – Decentralized exchange that has raised $5mnTacen – A high-performance non-custodial exchange that has raised $2.5mnSailFish – A gateway to open financial servicesSocialDistrikt – A decentralized, professional social media network. It is the Open LinkedIn application shown off by DFINITY in Davos at WEF 2020 that is now being taken to marketOpenChat – An open version of your standard chat app that is not owned by a large tech corporationCanCan – An open version of TikTok that shows the scalability and power of the Internet ComputerCapsule – A decentralized social media platform which is safe from censorship that has raised $1.5mnInfrastructureFleek – Allows easy building of open web sites and applications. 14,000 websites already running Pan-Industry PlatformsOrigyn – A pan-industry platform for tracking the provenance of luxury goods, starting with luxury watches reference
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| 6896. |
ICE meaning in Cryptocurrency ? |
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Answer» INFO: Full form for ICE is Popsicle Finance in Cryptocurrency category
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| 6897. |
ICE meaning in Cryptocurrency ? |
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Answer» INFO: Full form for ICE is Decentral Games ICE in Cryptocurrency category
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| 6898. |
ICE meaning in Cryptocurrency ? |
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Answer» INFO: Full form for ICE is Ice DAO in Cryptocurrency category
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| 6899. |
MMX meaning in Cryptocurrency ? |
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Answer» INFO: Full form for MMX is MyMetaX in Cryptocurrency category
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| 6900. |
HT meaning in Cryptocurrency ? |
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Answer» What Is Huobi Token (HT)? Huobi Token (HT) is the native token of the cryptocurrency exchange Huobi Global. It is a decentralized digital asset based on the Ethereum blockchain and is ERC-20 compliant. HT’s value is in part reliant upon the reputation of the Huobi crypto exchange, yet other factors also have an impact. To learn more about this project, check out our deep dive of Huobi Token. Huobi Token is a relatively young project. It first launched in January 2018, hot on the heels of the release of a native token on rival crypto exchange Binance. Having its own token allows Huobi to build a flexible marketing strategy in order to attract new users and further grow its platform. One key function of the token is to reduce commissions for trading operations on the exchange, which are usually paid from users' wallets. Yet the token has much more to offer. Using HT, users can purchase monthly VIP-status plans to receive discounts on transaction fees. Token holders have the right to vote on exchange decisions, can receive crypto rewards for seasonal buybacks, and also get early access to special events. HT holders can, at any point, trade the token for other cryptocurrencies. Who Are the Founders of Huobi Token?Leon Li is the founder and CEO of Huobi Group. Having graduated from Tsinghua University (Department of Automation), he became a proponent of Bitcoin in 2011. Li began his career as a computer engineer at Oracle, the world's largest database provider. In 2013, he founded Huobi Group, took over the management of the company and transformed it into a leading global player in the provision of financial services in the field of digital assets. Jun Du is Huobi’s co-founder. Prior to his role at Huobi, he was a community operations director at Comsenz and worked at Tencent. In addition, Du serves as CEO at Node Capital (a venture capital firm with a focus on the blockchain industry), is the founder of Jinse (a blockchain service platform integrating industry news, market information and data) and is co-CEO at BiKi.com (a software provider for digital currency trading). Lastly, he has co-founded companies that include AToken and Chainup. In 2018, the founder of Crypto Chain University, Herbert Rafael Sim, joined the Huobi Group team. Sim has an impressive track record and has contributed to the development of Forbes, The Huffington Posts and Wardrobe Trends Fashion. At Huobi, Sim is responsible for digital marketing and serves as public relations director. What Makes Huobi Token (HT) Unique?The Huobi Token has two main functions. First, the Huobi exchange uses HT for its loyalty program that rewards members with a range of discounts. The company has also decided to use HT tokens to confer voting rights on users of the Huobi Autonomous Digital Asset Exchange (HADAX). To fulfil these functions, Huobi has attempted to keep HT’s value reasonably stable. To curb inflation, the company allocates 20% of profits for a token buyback program. HT token holders have several advantages thanks to the token’s circulation, which include: Reduced transaction fees. The Huobi exchange offers a series of discounts for clients with VIP status. With this option, investors and traders can save a decent amount of funds on commissions. Convenient means of exchange. The platform does its best to make it easy and convenient to exchange Huobi Token and supports the asset as part of trading pairs with numerous popular cryptocurrencies. Promotion of new tokens. HT holders receive coins with each listing of new crypto assets and also can also receive a wallet bonus. Investor Protection Program. The tokens bought out by the exchange are sent to an investor protection fund, whose purpose is to compensate for any financial losses. Participation in decision making. HT token holders can vote and thereby influence the development of the Huobi exchange and its wider ecosystem. Related Pages:Read about Binance Coin (BNB) and KuCoin Token (KCS). What is an initial exchange offering (IEO)? Learn more with CMC Alexandria. Stay up to date on crypto news, partnerships, and announcements with the CMC blog. How Many Huobi Token (HT) Coins Are There in Circulation?The launch of Huobi Token took place at the beginning of 2018 and did not proceed according to the standard ICO scheme. To begin with, Huobi distributed HT tokens directly to VIP users and regular traders could buy a package of services with a certain amount of tokens. As distinct from an ICO, this method of distributing coins is called an initial exchange offering (IEO). Huobi Token has a limited total supply of 500 million. After its launch, 60% (300 million coins) were allocated among the users of the exchange and the company kept aside 40% (200 million coins) in reserve. The decision to create its own token led to an increase in the exchange’s capitalization. The token also helped to encourage users to remain loyal to the platform by offering them exclusive advantages through its various functions. How Is the Huobi Token Network Secured?The Huobi ecosystem uses a distributed architecture and anti-DDoS protection system to bolster security. In addition, 98% of the currency is stored in a multisig cold wallet. The exchange also uses a risk control system dubbed “Don’t Be Evil” to ensure the safety of users’ accounts and assets. Since 2018, the platform has used an asset protection system called the Security Reservation Mechanism. In parallel, Huobi also launched its Investor Protection Fund in January of that year. Thanks to these measures, HT holders are insured against financial losses that may arise as a result of fraudulent activities or other risks associated with cryptocurrency trading. Where Can You Buy Huobi Token (HT)?The easiest way to acquire Huobi Token is to purchase it on Huobi Global. The exchange supports a large number of token trading pairs and offers advantageous trading rates. Aside from this option, HT is supported on multiple exchanges, including: Gate.io, FTX, KuCoin, Binance JEX, AscendEX (Bitmax), LBank, ProBit Global, 0x Protocol, Bit Well, XT.COM, Wootrade, CoinEx, ACE, BitMart, Xtheta Global, BitZ, BiKi, BiONE, Bitay, Pionex, Hoo, YunEx, BKEX, ZBG, Bibox, Hotbit, MEXC, BitForex, HitBTC, Finexbox, Switcheo Network, Hotcoin Global, Tokenlon, Dsdaq, Bgogo, Anyswap, NUT MONEY. To find out more, read our dedicated guide on how to buy cryptocurrencies in general. reference
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