What is Web 3.0?
#DeFinitions

This network infrastructure covers the entire webspace. Most experts believe that decentralized applications based on Web3 can transform the virtual world. But what is the connection between crypto and Web3?

📖 Read more on our blog:
https://nominex.io/blog/education/web3-ethereum/

What is Gas in crypto?

You need to pay for Gas for everything you want to do in the crypto world. For example, to make a transaction, buy and sell, and withdraw money to buy NFT.

📄 Read more on our blog:
https://nominex.io/blog/education/metamask-gas-limit/

#DeFinitions

⚙️ ERC20 Network

Ethereum blockchain can revolutionize the world of digital currencies. Over the past few years, more than 100 different tokens have been created based on ERC20 standards in the Ethereum blockchain, each with specific applications.

📖 Read more on our blog:
https://nominex.io/blog/education/list-of-erc20-tokens/

#DeFinitions

What is halving?

📈 In the past, bitcoin halvings have correlated with a spike in bitcoin prices.

Back in 2009, when the first cryptocurrency was released, each block contained 50 BTC, but this amount should decrease by 50% approximately every 4 years.

There have been three halvings to date, and a block contains only 6.25 BTC. When the next halving happens, the block will contain only 3.125 BTC.

Also, 19 million BTC have already been issued, and it is expected that the remaining 2 million will be mined right up to 2140.

⏱ The timer until the next halving is on the Binance website:
academy.binance.com/en/halving

#DeFinitions

What is a Transaction ID?

The hash and transaction IDs do not contain any personal information, so sharing them is completely safe. And the transparency of the blockchain is the key to user confidence in crypto operations. This is why blockchain technology is paradoxical — complete openness and anonymity complement each other.

To view the transactions of each individual network, there are their own blockchains.

Bitcoin: blockchain.com
Ethereum: etherscan.io
BSC: bscscan.com

The list of networks is quite large.
And you can exchange tokens on our exchanges, taking advantage of their unique advantages.

📊 Exchange tokens on CEX: nominex.io
🔄 Exchange tokens on DEX: nomiswap.io

You can send posts from the #DeFinitions section to your friends, quickly introducing them to the crypto world

Advantages of futures contract:

🔹 Risk and capital management.
🔹 Ability to contract for a product you don't have.
🔹 Leverage. Trading more assets than the current account balance.

📖 Read more in the blog:
https://nominex.io/blog/education/futures-contract/

The #DeFinitions section will help you quickly introduce your friends to the world of cryptocurrency

Advantages Of Cryptocurrency

• It is self-governed
• Security and privacy
• Accessibility
• Cost-effective
• Higher speed

Disadvantages Of Cryptocurrency:

• Illegal activity
• Lose your key and you lose your money
• Decentralization at risk
• Not for all fiat currencies
• Harm the environment
• Hack

📖 Read more:
https://nominex.io/blog/education/what-is-cryptocurrency/

With the help of the #DeFinitions section, you can easily introduce your friends to the cryptocurrency world.

Total market capitalization reflects the total value of bitcoins, altcoins, stablecoins, tokens, and all other crypto assets in the market combined. Many consider this metric to be important because it indicates the size of the industry as a whole.

📊 The combined capitalization of the cryptocurrency market is often used as a basis for comparison with other sectors of the economy as a whole.

📖 Read more with examples:
https://nominex.io/blog/education/how-to-calculate-the-market-cap/

With #DeFinitions you can easily and quickly introduce your friends to the world of cryptocurrencies

Crypto information. Short and to the point

We regularly release the #DeFinitions column for you with terms from the world of cryptocurrency.
In it you can see the main definitions related to the universe of digital money, as well as small explanations for them.

In addition, at the end of each post, we attach a link to the Nominex blog, which explains all these concepts in detail and with examples.

This section will help you and your friends become a little more educated in what you do, because everything needs to be done consciously.
Moreover, investments are always associated with certain risks.

📄 List of posts:

🌐 Web 3.0
💨 Gas
⚙️ ERC20 network
🧩 Halving
📊 Transaction ID
➡️ Futures
💸 Cryptocurrency
💰 Total Market Cap

Forward our posts to your friends, especially if they are just starting their cryptocurrency journey!

🤔 Critics argue that Elliott Wave Theory is not an undeniable theory due to its highly subjective nature and relies on a vaguely defined set of rules. However, there are thousands of successful investors and traders who have managed to apply the Elliott principles and make a profit.

Are you familiar with this theory? What tools do you use to navigate the market?

📖 More about Elliott Wave Theory:
https://nominex.io/blog/education/elliot-wave/

The #DeFinitions section will help you quickly navigate the world of cryptocurrency. Send cards to friends and keep them up to date

At the moment the market is still in a state of extreme fear (13/100). And you? 😁

↔️ Service for tracking the index of fear and greed on the crypto market:
https://alternative.me/crypto/fear-and-greed-index/

#DeFinitions

🚜 Unlike mining, farming does not require the purchase/rent and configuration of special equipment. In addition, miners incur electricity costs to mine cryptocurrency, which negatively affects the profitability of mining.

📖 Read the detailed article about Simple Farming in 1 click:
https://support.nominex.io/en-us/article/188-simple-farming

Posts from the #DeFinitions section will help beginners navigate the world of cryptocurrency

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There are several stablecoin farming pools on the Nomiswap.io exchange, two of which are made entirely of stablecoins.

In fact, with their help, you can receive passive income from your dollars in cryptocurrency and not worry about the volatility of the exchange rate.

Stablecoin pools:
🔵USDC/USDT:
https://bit.ly/3mRDUk0
🟡 BUSD/USDT:
https://bit.ly/33czbTM

The #DeFinitions section will help beginners quickly navigate the world of cryptocurrency.
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Trading volume helps a trader (and you are a trader to some extent if you are a market participant) to determine the strength of the trend (the direction of price movement), which can be a key moment in the decision to buy or sell an asset.

An increase in volume indicates an increase in the strength of the price movement, which may be followed by a breakout on the chart, a decrease in volume makes a breakout unlikely.

Anticipating a bullish breakout (a sharp rise in prices, bypassing the resistance of sellers), traders try to buy an asset in order to sell it more profitably later.

Do you pay attention to trading volume when exchanging cryptocurrency?

The #DeFinitions section will help beginners to join the world of crypto.

📊 Trade on CEX: Nominex.io/markets
🔄 Trade on the DEX: Nomiswap.io/swap

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On the DEX, all transactions occur automatically, using the automatic market maker model (AMM), each transaction occurs using a smart contract — a special code that fulfills trading conditions. Immeno he manages all transactions, and he is the guarantor of its security.

Benefits of decentralized exchanges:
✔️ Anonymity
✔️ Funds control
✔️ Security
✔️ Reliability

📖 More about DEX:
https://telegra.ph/DEX-Benefits-06-21

🔄 Trade on the DEX: Nomiswap.io/swap

The #DeFinitions section will help beginners dive into the world of cryptocurrency faster. Send to your friends!

Audited companies enjoy much greater trust among users, as their funds are under reliable protection.

Very often, the loss of funds in the DeFi sector occurred due to the lack of audits from companies that users trusted funds.

Nominex ecosystem projects, Nominex centralized exchange and Nomiswap DEX, have been verified by reputable auditors.

🛡 Nomiswap audit by CertiK:
https://www.certik.com/projects/nomiswap

🛡 Nominex Audit by Unhash:
https://github.com/unhash-security/reports/blob/main/Nominex/NMX_Token_and_Staking_Smart_Contracts.pdf

The #DeFinitions section will help you bring your friends up to date with the world of cryptocurrency. Share a message!

🔄 Let's say you put $10,000 into a pool with USDC-USDT stablecoins (on Nomiswap APR there is 5.5%, higher than on other top exchanges).

Accordingly, in a year you will have accumulated $550, which you will report to the total deposit, and the next percentage will be calculated from $10,550, and the income will be $580.

This is a clear example of cryptocurrency reinvestment.

On the Nomiswap DEX, next to the APR value in each pool, there is a calculator icon, where you can calculate the potential return for the period of interest to you, taking into account regular reinvestment.

👍 Farming is more profitable at Nomiswap.io/farms

The #DeFinitions section briefly and succinctly describes the main terms from the cryptocurrency world. Forward messages to friends to bring them up to date!

🚀 Boosting is in development for Nomiswap DEX and it is planned to be implemented soon

Are you a holder and plan to invest your funds for the long term? Boosting pool is right for you, as you can get more tokens in the same amount of time if you were holding them in a regular pool.

Also, a large number of users will have additional motivation to hold their assets, which is another solution on the way to improving the rate stabilization.

🛤 Watch roadmap:
https://nomiswap.gitbook.io/home/roadmap

More detailed news will appear in our channels, stay in touch so as not to miss them!

#Definitions

In the Nomiswap DEX liquidity pools, you can see APY and APR (annual percentage without reinvestment) next to each other.

To see APY in the NMX launchpool, you need to open the ROI calculator and enter the value of 100 USD into it, and then select the checkboxes: Staked for 1Y and Compounding every 1D.
These two values just reflect staking for a year with daily recalculation.

At the bottom you will see the value of ROI at current rates (an indicator of efficiency), it will reflect the current APY.

Currently APY in NMX staking is 141.3%

👍 Farming is more profitable at Nomiswap.io/farms

#Definitions