<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*RfFrhLgrnYE4k4A2OuZvDw.png" /><figcaption>NitroEx 3.0 is Launched!</figcaption></figure>As NitroEx enters its 3rd year, it presents its new user interface and improved tools to its users. Many expected features in NitroEx 3.0 version are on the air. NitroEx also took into account the feedback from users in this update.We’ve redesigned the whole UI including the mobile app and made it more comfortable and user-friendly for all NitroEx Investors.Some Highlights<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*5sQ7-RbaF5u6SbT8hvOvEw.png" /></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*V66KZtml_l29g29hHtM1Fw.png" /><figcaption>NitroEx 3.0 Features</figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*NyWxH32nJVA7oDZS2prrhQ.png" /></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*fFC0ALTNomYJzyXoOuzx3g.png" /><figcaption>NitroEx 3.0 Features</figcaption></figure>The NitroEx website interface has been redesigned. Our designers, engineers, and all our team have developed a new interface that is easier and faster while keeping the simplicity and user habits in this design. You can visit the NTX page in the new interface of the website. You can see and follow detailed information about NTX Token on the NTX page.One of the most notable developments was the addition of language options. In the project, which has users from more than 100 countries, 3 new language options have been added in addition to 5 language options (English, German, Russian, Korean and Spanish). Now NitroEx is live with Turkish, French, and Italian language options. You can experience the NitroEx on your comfort language option.Finally, one of the most recent enhancements is the addition of the BSC network. BSC Binance Smart Chain Network integrated. In this way, it is aimed to provide cheaper and easier transfer opportunities.Don’t forget to update your NitroEx Mobile App.Discover this experience now.💛 <a href="https://www.nitroex.io/">https://www.nitroex.io/</a> 💛<img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=74786ff2d42" width="1" height="1" alt="">

NitroEx 3.0 is Launched

<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*Xu7MVuESZ8jKq8FCm1pVHw.png" /><figcaption>For All The People Of The Future</figcaption></figure>The NitroEx Exchange is leaving behind another very productive year. In this period which our efforts are rewarded, We welcome the new year with enthusiasm and joy, together with our esteemed users. At the end of 2 full years of success, we managed to broadcast the name of NitroEx more in the cryptocurrency world. Projects of NitroEx Technologies, NTX Token, Wealth System, NitroEx Exchange Platform, and NitroBot Platforms, drew very successful patterns and brought new participants among us.Updates and improvements made in NitroEx and NitroBot mobile applications have provided the opportunity to perform transactions much faster and easier. A new one will be added to these updates soon and this update will have a great impact. Stay tuned.Let’s briefly check what we have done in the last 1 year?<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*axkOkKgfnb_6ZTTfRltkHw.png" /></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*Fc678BfRmpDUzTARPL4jVg.png" /></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*2Za2owZnr35gNwEFq1WPsQ.png" /></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*ZMbSWl6OJnIx5Cw4Kq-zqw.png" /></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*_J2OnJD6XespEVUBEMHJ2Q.png" /></figure>NitroEx, which has entered its 3rd year, has taken very fast steps and its projects have been loved by its investors. You can continue to benefit from the NitroEx Reference System and invite your friends. NitroEx, which offers many great features to its users, will continue to offer better trading opportunities with new developments day after day.Thanks for your support so far and we will be the best together with your support.<a href="https://www.nitroex.io/">NitroEx</a><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=fa9688cef9a" width="1" height="1" alt="">

NitroEx Celebrates 2nd Anniversary

DAO (Decentralized Autonomous Organization) has breathed new life into the crypto world. DAO, which follows the same path as cryptocurrencies as is frequently mentioned like Metaverse. You can find out how the DAOs, which are increasing in popularity day by day, emerged and also the working logic in our blog.<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*gsH5cJniCPOTHYtIpSA1gQ.jpeg" /><figcaption>What is DAO and How Does It Work?</figcaption></figure><h3>What is DAO?</h3>DAOs, called “Decentralized Autonomous Organization” are an organization or organization that is governed by voting by their mass community, without being tied to any center. The system is built on computer codes and is still maintained through codes. While its decentralization increases the interest, it has reached a high number of users in a short time.<h3>How DAO Works</h3>The DAO was first announced in April 2016 and started collecting users immediately. Using the Ethereum network, the DAO gets all its usage and power from smart contracts. The purpose of the DAO is to use the decentralized structure through smart contracts and to ensure that the decisions are taken by the crowdsourced structure. The funds required to maintain this structure are made with the tokens in the system.Users from all over the world invested in the DAO systems and were included in the system and received tokens in return. These tokens represent a say in the future of the system. The future of the projects that will be included in the DAO system is determined by voting.After the hard fork of the Ethereum network as a result of the theft of 3.6 million ETH in the attack in June 2016, the DAO lost its users and popularity to a large extent. In the ongoing process, the system managed to recover itself and regain its former popularity, DAO started working for a more secure network and got the results in a short time.<h3>What is the Purpose of the DAO Project?</h3>Making a financial transaction requires trust, even between individual investors or institutions. Partnerships or transactions on the Internet require much more trust. DAO provides interaction between individuals or institutions through smart contracts to provide this environment of trust. DAO is 100% transparent.Bitcoin is an example of the first DAO project. The structure can be applied to any business model, with the money collected jointly for the project and then the token distributed among the participants. This model allows entries from all over the world. Projects such as charities, freelancer networks, initiative models, grants, and volunteering are implemented.<h3>What are the Differences Between DAO and Traditional Organizations?</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*gYwiFoCmDDLDIPHbtPAU1A.jpeg" /><figcaption>DAO and Traditional Organizations</figcaption></figure>DAO<ul><li>It has a democratic structure.</li><li>All kinds of decisions are determined by voting.</li><li>The result of the voting is automatically activated.</li><li>All organizations are transparent and open to the public.</li><li>Projects are checked automatically.</li></ul>In Traditional Organizations<ul><li>There is a hierarchy.</li><li>Decisions are made by a person or a group of people.</li><li>The result can be changed.</li><li>Organizations are confidential and completely non-public.</li><li>It is controlled manually.</li></ul><h3>The Future of DAO</h3>DAO draws a very positive graph for the future if it overcomes legal problems. The fact that the community was damaged after the attack showed the power of the DAO that the system recovered in a short time with the studies carried out later.<img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=a3b419de014a" width="1" height="1" alt="">

What is DAO and How Does It Work?

<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*Oz3Pcb0E34UzJ9qAs2qYyQ.jpeg" /><figcaption>Wall Street ETF (Exchange Traded Fund) Investments</figcaption></figure><blockquote>We are in an economic hierarchy where more investors prefer cryptocurrency investments. For traditional finance providers and investors, falling behind cryptocurrencies is unthinkable. For this reason, the ETF(Exchange Traded Fund) has been developed to allow wealth funds to be traded in cryptocurrencies. Transactions started on platforms with huge budgets such as S$P, Nasdaq, and Wall Street.</blockquote><h3>What is an ETF?</h3>ETF (Exchange Traded Fund) is a general name given to mutual funds traded on the stock exchange. It covers all traditional financial and banking services. ETFs are traded in regulated traditional financial centers.Different projects have been produced to get rid of the pandemic effect and rise in cryptocurrencies in 2020. ETFs are among the most accepted ones. Through the ETF, cryptocurrencies can be traded on a stock exchange like a stock lot.<h3>Wall Street BTC Transactions</h3>In the last quarter of 2021, the first exchange-traded fund (ETF) based on Bitcoin futures contracts in the USA started trading on the New York Stock Exchange (NYSE) with the code “BITO”. The ETF, which attracted great interest on the first trading day, managed to close the first trading day with a 3% increase.In the first quarter of 2022, all cryptocurrencies, including Bitcoin, suffered high depreciation. In November 2021, the two most important cryptocurrencies of the crypto money market, Bitcoin and Ethereum, reached all-time highs (ATH), and the value of Bitcoin on November 9 at 7:00 local time was $ 67,802.30; Ethereum was at $4,800. With their 60% depreciation, the investor shifted towards more reasonable stock market investments. These losses reached billions of dollars in a short time, and an increase in ETF preferences was observed throughout the traditional stock market.In the report announced by Coinbase in the first quarter of 2022, it is seen that there is a significant loss in the ratio of individual and institutional investors. The ETF is hovering 82% below its first trading day, according to The Wall Street Journal. This shows us that the individual or institutional investor investing in ETF aims to gain in the long run.<h3>The Importance of Wall Street and ETF Trading for the Investor</h3>With the billion-dollar Bitcoin funds being converted into ETFs and traded on traditional exchanges, a significant part of the crypto problems in the investors’ minds has been answered.The lack of a situation that gives much more confidence against hackers and at the same time requires the protection of private keys stands out as the biggest reason for investors to turn to ETF transactions.After the approval of the US Securities and Exchange Commission (SEC), with the updating of the laws of 1933 and 1940, Bitcoin futures will be opened. Three more applications are pending, which the SEC must respond to. After the rejection of the applications made in 2013, most applications were made in the last quarter of 2021 and the first quarter of 2022, and the total number of applications is at a record level.<h3>Advantages of Investing with an ETFThe Importance of Wall Street and ETF Trading for the Investor</h3>Investing with a Bitcoin ETF means trading on a stock market controlled by government agencies. This proves that cryptocurrencies are accepted as an investment tool and can be used all over the world.Along with taking extra precautions against hackers, who are seen as the greatest danger brought by the digital world, government-supported fund protection is also taken.The same market prices can be used in Bitcoin trading.Getting ETF approval and starting transactions in major stock markets such as Wall Street paves the way for institutional investors to invest more.The processing of Bitcoins, which are kept in wallets and only yield with the market price, through ETF, provides extra income to be used as an investment tool in the market.<h3>Disadvantages of Investing with an ETF</h3>Obtaining approval from government institutions, especially the SEC, and FED, creates long processes and can also be evaluated negatively.Large stock market companies need to be supported by laws to update their ETF protocols and keep up with innovations.For ETF, which is considered a new investment area, many fake stock markets, and investment brokerage companies can take place in the market. For this reason, it is very important to supervise investment companies in the state.<img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=7fae142ea714" width="1" height="1" alt="">

Wall Street ETF (Exchange Traded Fund) Investments

<figure><img src="https://cdn-images-1.medium.com/max/1024/1*izHfjaExlboX_jkVBA04kA.jpeg" alt="" />
<figcaption>What is Crypto&nbsp;Economy?</figcaption>
</figure>
After the 2008 economic crisis, a new digital currency emerged that would affect the whole world. Cryptocurrency and blockchain technologies have started to serve in different areas, creating new investment and project areas, and creating a new economic environment. A new economic order is now available: Crypto Economy. In less than 10 years, the most important financial innovation of the 21st century began to prove&nbsp;itself.
Crypto Economy means Cryptography and Economics. The combination of cryptography, computer networks, and economic incentives saw the emergence of new technologies through the methods of Satoshi Nakamoto. This method enabled the sciences that create new economic cryptosystems to offer much more than they could do alone. Blockchain is just the most well-known of them. Blockchain has many important features such as security and decentralization that it offers to its participants. The popularity of Bitcoin, Web 3, NFTs, Metaverse, De-Fi, mining, and cryptocurrencies owes this to the Crypto&nbsp;Economy.
An economic order began to emerge, in which blockchain changed the traditional financial system and many institutions tried to keep up with this change. Although cryptocurrencies currently make up the largest share of this ecosystem, there are very important blockchain projects implemented by government agencies and private companies. Among these projects, there are projects that are expected to make significant contributions to the future of the world, such as the use of decentralized cryptocurrencies, taxation, data-sharing networks, digital banking, sustainable and renewable clean energy, and organic agricultural products.
<h3>Numbers in the Crypto&nbsp;Industry</h3>
Cryptocurrencies, which have been used for commercial purposes since 2009, show a significant increase in their use as an investment and commercial resource in 2012. Investments in the cryptocurrency service continued to increase in 2016, 2018 and&nbsp;2021.
According to The Block, as of 2021, there has been a record amount of investment inflows of $25 billion into crypto investments. The number of Crypto Unicorn companies increased by 491 percent in 2021. These figures are formulating more mutual funds and companies&rsquo; crypto-economy strategies and enabling investment for the future. According to data from CoinMarketCap, at the beginning of April 2022, the cryptocurrency market hit its highest level, exceeding $2.1 Trillion.
<h3>Which Industries are Affecting the Crypyo&nbsp;Economy?</h3>
Centralized Finance (CeFi) and Decentralized Finance (DeFi) applications affect many service such as insurance, real estate, energy, gaming, consumer service, logistics, health, industrial production, social media and government bodies, especially the traditional finance&nbsp;service.
The financial service is a multinational and globally transacted service. It is inevitable that this service will be affected. Traditional financial institutions such as banks exist to verify transactions and store and manage assets. In this system, everyone trusts the bank and investors do their transactions without knowing each other. However, this system has many problems. Blockchain&rsquo;s decentralized structure eliminates institutions and insecure environments. It provides a transparent and safe environment for all participants. Users are not obliged to share their personal data. We recommend you to read our content &ldquo;<a href="https://nitroex.medium.com/the-impact-of-blockchain-technology-in-banking-ab06d9d9dd56">The Impact Of Blockchain Technology in Banking</a>&rdquo;.
How assets can be managed and stored is a challenge for many of the world&rsquo;s asset classes, from industry and energy infrastructure to real estate and the arts. This problem is solved through the NFT tokens that come with the blockchain.
Transactions that take place online such as games, entertainment, social media, and e-commerce have been the areas that make up the Metaverse, which covers a significant part of the crypto economy. The game and entertainment industry came together and gave birth to its own&nbsp;economy.
In addition to processing and easy tracking of data, blockchain-based systems are used to prevent fraud and minimize product loss, primarily in health and logistics services.
Efforts are being made to make cryptocurrency production digital and use high rates of clean energy, to reduce the use of raw materials, and reduce high energy&nbsp;costs.
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Join <a href="https://t.me/NitroExOfficial">NitroEx Official Telegram</a> Follow us on&nbsp;<a href="https://twitter.com/NitroExOfficial">Twitter</a>
<img src="https://medium.com/_/stat?event=post.clientViewed&amp;referrerSource=full_rss&amp;postId=4458d05e35e8" alt="" width="1" height="1" />

What is Crypto Economy?

<blockquote>In the past weeks, the cryptocurrency world has been shaken by a sensational event. Terra (LUNA) Coin, which provides blockchain services such as Bitcoin and Ethereum, has almost hit the bottom. What caused this deep dive of Terra (LUNA), who suddenly found himself in the almost zero position from $100. Why did the transactions not stop this decline? To find answers to these questions, let’s first examine the Terra (LUNA) project.</blockquote><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*_lkT6Uk0J1HVxCf1XhxE_w.png" /><figcaption>How Did the “Terra (LUNA) Crypto Crash” Happen? | Will LUNA Price Recover Again?</figcaption></figure><h3>Terra (LUNA)</h3>South Korean firm Terraform Labs, founded by Daniel Shin and Do Kwon in 2018, started trading on the Terra blockchain to develop lower-cost financial network management that is free from the current financial order.Terra is a fully digital, decentralized finance company backed by its own token Terra (LUNA) and stablecoin UST. Terra (LUNA), which offers its users the opportunity to return with interest, provides a monthly income of 20%.<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*vFE-gmvMHvD15hUWiMD73w.png" /><figcaption>Luna Foundation Guard (LFG) Reserves | <a href="https://datastudio.google.com/s/iWeiv1xS5sg">https://datastudio.google.com/s/iWeiv1xS5sg</a></figcaption></figure>To finance the network, company executives must hold reserves. This reserve is Bitcoin, altcoin, and fiat money and is kept to be used when necessary. At the same time, new positions are determined and investments are made to increase the number of reserves.Terra (LUNA) uses the UST stablecoin based on the current exchange rate. It backs UST with Terra (LUNA) to keep it at $1. To achieve this, it produces or burns Terra (LUNA) depending on the amount of supply. Terra (LUNA) has an unlimited supply.<h3>How Did The Collapse Begin?</h3>Many cryptocurrency investment experts say that we are in a mini bear period in the cryptocurrency exchange. During this period, many cryptocurrencies fell along with Bitcoin. The decline in cryptocurrencies accelerated as the FED announced its interest rate decision at the beginning of May and predicted an increase in interest rates in the coming periods.Do Kwon, CEO and co-founder of TerraLabs, announced his Bitcoin reserves and stated that they determined a new level of 1 billion dollars during this period.After these developments, the sales boards on the cryptocurrency exchanges remained empty for a long time.<h3>Attacks Were Started</h3>Investors, called Whales in the exchange, started selling their large amounts of UST on high-volume exchanges such as Binance and FTX. The reason for the start of the sale is that the CEO of Terra company bought 80.393 Bitcoin to increase his reserves and his new interest policy decision. Terra managers, who started selling their Bitcoin reserves to keep the UST stable at $1, caused panic among investors.With the movement of this Terra (LUNA) 42.500 Bitcoin in the wallet, the attacks became more intense and panic sales began. With the Bitcoin sales melting the reserves, the AVAX reserves have also decreased by half. Despite the sales, delists continued in many cryptocurrency exchanges. Terra (LUNA), which should support the UST, dropped below $1 in a very short time from $100.<h3>Network Was Stopped</h3>As the attacks continued, the Terra (LUNA) network was halted. After a 9-hour wait, the network, which started block production again, could not get enough support and was stopped for the second time by the administrators with the statement “to find a plan to rebuild the network” in block 7607789. According to the statement made on Terra’s official Twitter account, the network has started working and blocked production again.<h3>What will happen now?</h3>There are thousands of projects on the blockchain. Some of these projects are successful. CEO of DO Kwon stated in a broadcast he attended that many projects will fail. Do, which is waiting for the support of the investors to get out of the current situation, seems to have failed to give the necessary confidence to the investors.Among the rescue plans that Do Kwon announced, the most striking was the bifurcation. However, most of the community, including the Binance CEO, agree that this idea will not work.Binance has reopened the LUNA/BUSD trading pair. After this list opened, Terra (LUNA) was offered to switch to tht BNB network.According to CoinMarketCap data, Terra (LUNA) is currently trading at $0.0001862 and UST at $0.06735.<a href="https://www.nitroex.io/">NitroEx</a> Mobile Application is live on 📲 <a href="https://apps.apple.com/tt/app/nitroex-exchange/id1569267465">iOS</a> and 📲 <a href="https://play.google.com/store/apps/details?id=com.nitroex.nitroexchangeapp">Android</a>.Join <a href="https://t.me/NitroExOfficial">NitroEx Official Telegram</a> Follow us on <a href="https://twitter.com/NitroExOfficial">Twitter</a><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=b3ffaa3806be" width="1" height="1" alt="">

How Did the “Terra (LUNA) Crypto Crash” Happen? | Will LUNA Price Recover Again?

<blockquote>In 2009, Bitcoin entered our lives and many terms began to be used with it. These terms emerged by shortening a sentence, misspelling a word, or using it directly in its own meaning. These terms gained importance in terms of the field of use rather than how they were produced.</blockquote><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*kgUioiwEqvyqbVT_KZWUBQ.png" /><figcaption>7 Crypto Terms You Need to Know</figcaption></figure>Crypto terms quickly spread among people on cryptocurrency exchanges, forums, and social media platforms like Twitter, Instagram, and Telegram. With the increasing number of crypto investors day by day, these terms are also spreading rapidly.We have prepared for you seven terms that should be known in the crypto world, which are also used in trading platforms such as cryptocurrency exchange and Forex.<h4>1. HODL</h4>The concept of Hodl is the equivalent of the word “Holding”, meaning “to hold what you have in your hand, not to let go”. Interestingly, the word hodl emerged as a result of the correct word (hold) being spelled as “hodl” by making a typo.In 2003, an investor on the Bitcointalk forum typed “I am hodling” instead of “I am holding” to state that he would not sell his Bitcoin. Then, this expression, which is highly appreciated and loved by users, became viral among users in a short time.<h4>2. FOMO</h4>FOMO is the abbreviation of “Fear Of Missing Out” and is formed by combining the initials. The cryptocurrency exchange is a platform where buyers and sellers from all over the world participate 24/7. As a result of the live-action of the platform, instantaneous or long-term opportunities arise. It is the name given to the situation where the user misses the opportunity and participates in the trade with panic purchases, resulting in the feeling of missing an opportunity.The investor constantly follows the crypto market afraid of missing the opportunity, and cannot take his eyes off the trading screens. He trades without a strategy or against his/her own strategy so as not to miss the appropriate position. After the transactions and the resulting situation, the investor has a difficult time psychologically and starts to question the decisions made. Since he questions every move made, he can no longer make his own decisions correctly.<h4>3. FUD</h4>The word FUD is derived by using the initials Fear, Uncertainty, and Doubt. The word FUD expresses the emotional states an investor can experience. With this term, which is frequently used on social media platforms, people who want to manipulate the market cause cryptocurrency trading.There is a lot of data that will provide the FUD environment. The most important of these is fake news. Investors are imposed FUD by rumors circulating on social media platforms.There are many psychological studies about these terms, which express two different emotional states in the crypto money world. Due to human nature, experiencing instant hormonal changes, these emotional states can be easily caught.<h4>4. MINING</h4>Cryptocurrency mining is the process of confirming cryptocurrency transfer transactions by solving complex mathematical problems, verifying it with crypto, and rewarding it with cryptocurrency produced in the network as a result.Users who identify themselves as miners work collaboratively to develop and improve the network. People who have the necessary hardware or enough cryptocurrency can do different types of mining.Mining Types:● CPU Mining: It is mining based on the Proof of Work algorithm, which is done on a normal computer using the CPU (Central Processing Unit).● GPU Mining: It is the mining done by combining Graphics Processing Unit (GPU) graphics cards to obtain high processing power.● ASIC Mining: Application-Specific Integrated Circuits (ASIC) is a method of mining using specialized hardware and specialized software.● Cloud Mining: It is a method preferred by miners who do not have the necessary equipment but want to mine. The necessary hardware and software are rented and a share is given over the mining reward.<h4>5. ALTCOIN</h4>Bitcoin is the first and most popular cryptocurrency in the cryptocurrency exchange. All coins and tokens other than Bitcoin, which pioneered cryptocurrencies, are expressed as altcoins as an alternative to Bitcoin. The creation of altcoins is for the creation of alternatives to Bitcoin. Some of the developed altcoin projects are traded on their blockchain network.According to CoinMarketCap.com, there are 10118 altcoins. There is no limit on the number of altcoins. Some cryptocurrencies expressed as altcoins: Ethereum, Ripple, Solana, Litecoin, BNB, Lego Coin, Moneta Digital, Apeborg, etc.There are 3 different types of altcoins. These; Stable coins based on dollar or Euro, ICO coins distributed for initial coin offering, and coins distributed as mining rewards.<h4>6. PUMP</h4>The word PUMP is used to express the sudden rise of Bitcoin and altcoin prices. The cryptocurrency exchange has not stabilized. A stable price policy has not been followed in a short time.The reasons for the realization of PUMP are to reduce the supply amount by burning coins, to carry out high-volume transactions, and to make enough purchases to reduce the amount of supply in the cryptocurrency exchange. At the same time, the projects and commodities owned by the developers of the relevant cryptocurrency also contribute to the PUMP.<h4>7. DUMP</h4>The opposite of a sudden price increase, a sudden price drop is called DUMP. In the event of a DUMP, the relevant cryptocurrency may lose value at high rates. This loss of value is due to many reasons, as well as the increase in supply in the cryptocurrency exchange after high volume sales together with the rumors in general. The burning of cryptocurrencies to balance the DUMP is one of the first measures taken.In this article, we have compiled 7 terms that you need know in the cryptocurrency world. Apart from these 7 terms, there are hundreds of other terms in the cryptocurrency world. In the future, the number of these terms will perhaps reach thousands. Those who want to be effective and profitable in the cryptocurrency exchange should have a good command of cryptocurrency terms.<a href="https://www.nitroex.io/">NitroEx</a> Mobile Application is live on 📲 <a href="https://apps.apple.com/tt/app/nitroex-exchange/id1569267465">iOS</a> and 📲 <a href="https://play.google.com/store/apps/details?id=com.nitroex.nitroexchangeapp">Android</a>.Join <a href="https://t.me/NitroExOfficial">NitroEx Official Telegram</a> Follow us on <a href="https://twitter.com/NitroExOfficial">Twitter</a><pre>The opposite of a sudden price increase, a sudden price drop is called DUMP. In the event of a DUMP, the relevant cryptocurrency may lose value at high rates. This loss of value is due to many reasons, as well as the increase in supply in the cryptocurrency exchange after high volume sales together with the rumors in general. The burning of cryptocurrencies to balance the DUMP is one of the first measures taken.</pre><pre>In this article, we have compiled 7 terms that you need know in the cryptocurrency world. Apart from these 7 terms, there are hundreds of other terms in the cryptocurrency world. In the future, the number of these terms will perhaps reach thousands. Those who want to be effective and profitable in the cryptocurrency exchange should have a good command of cryptocurrency terms.</pre><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=a96b251af2c2" width="1" height="1" alt="">

7 Crypto Terms You Need to Know

<h3>The Impact of Twitter’s Acquisition by Elon Musk on the Crypto World</h3>SpaceX and Tesla’s CEO, Elon Musk agreed to buy the US-based social media platform Twitter for $44 billion, and the deal was confirmed by Twitter.<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*JFRSEc5SAnIv1h4n-_sVVQ.png" /><figcaption>The Impact of Twitter’s Acquisition by Elon Musk on the Crypto Ecosystem</figcaption></figure><h4>Elon Musk’s Twitter Interest</h4>The social media platform, Twitter, has 1.3 billion users worldwide. Twitter, which has a huge user base, is used not only as a place where people share their feelings and thoughts, but also as a source of news.Elon Musk did not hesitate to express that Twitter has much more potential on the platforms he participated in and he was the key to paving the way, following started to share tweets.<h4>Twitter Blue</h4>Twitter is expected to launch new and different features for Twitter Blue, the community of paid users. By offering special privileges to users, different features from other users will be in use. Another feature among these privileges is that the tweet can only be seen by the desired people. In addition, later editing, adding and deleting can be done on the tweet.The second feature is to eliminate the character limit in messages, allowing longer tweets to be sent. Musk had expressed his opinion that the 240 character limit was not enough, in a tweet he shared earlier.<h4>The Impact of the Crypto World</h4>Elon Musk is a technological visionary with a social network of more than 69 million followers on Twitter. He regularly voices his social media presence on various topics over cryptocurrencies such as Bitcoin and Dogecoin. There is an academic research on the effects of Elon Musk’s shares on the market. You can access this research by Lennart Ante from the link below.<a href="https://www.researchgate.net/publication/349007665_How_Elon_Musk&#39;s_Twitter_activity_moves_cryptocurrency_markets">https://www.researchgate.net/publication/349007665_How_Elon_Musk&#39;s_Twitter_activity_moves_cryptocurrency_markets</a> (Revised version: 12 Jan 2022)This article aimed to determine to what extent Elon Musk’s tweets about cryptocurrency directly affect the pricing and trading volume of cryptocurrencies. Elon Musk regularly comments and influences investor behavior and the market with his statements. It can be thought that individual and institutional investors also affect the decision-making process. By examining the data in this article, you can examine how Musk’s tweets about cryptocurrency affect the prices of cryptocurrencies, the impact on trading volume, and whether the effects differ by cryptocurrency. As a result of this article, it has been revealed that Musk’s tweets have a significant impact on the cryptocurrency markets in terms of price and trading volume. In addition, according to this research, while Musk’s tweets about Bitcoin and Dogecoin increase the transaction volume, the price movement changes according to whether the explanation is positive or negative. This is called the “Musk Effect”. Below are the results of some of these investigations.Figure 4 shows cumulative log returns from 360 minutes before to 120 minutes after a Bitcoin-related tweet. The non-negative tweets clearly entail positive Bitcoin returns, while negative events appear to trigger a negative market reaction.<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/0*oupT4Cs07FB9c1N4" /></figure>Elon Musk has a special interest in Dogecoin. However, with the acquisition of Twitter, works have started for payment transactions to be made with Dogecoin. With the acquisition of Twitter, Dogecoin has increased by 40%. With this increase, it has re-entered the top 10 most valuable cryptocurrencies on CoinMarketCap.We see that a single tweet can cause a huge movement in the price and trading volume of a cryptocurrency. However, this makes it difficult to protect investors. The statements of someone who is influential all over the world like Elon Musk and his investments in crypto (the statement that Tesla cars can be bought with Bitcoin) seriously affect the decision making of market participants. Exchanges may need to establish a better mechanism against such movements.Exchanges perform authentication, Know Your Customer (KYC), due to legal requirements. While it has many benefits, it also has some negative aspects. KYC is also planned for users on Twitter. Although this statement emphasized by Musk is said to be made with the aim of better expressing safer and free thought, this contradicts the principle of decentralization and anonymity in the blockchain and crypto ecosystem.<a href="https://www.nitroex.io/">NitroEx</a> Mobile Application is live on 📲 <a href="https://apps.apple.com/tt/app/nitroex-exchange/id1569267465">iOS</a> and 📲 <a href="https://play.google.com/store/apps/details?id=com.nitroex.nitroexchangeapp">Android</a>.Join <a href="https://t.me/NitroExOfficial">NitroEx Official Telegram</a> Follow us on <a href="https://twitter.com/NitroExOfficial">Twitter</a><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=fc3dcfcb4ad4" width="1" height="1" alt="">

The Impact of Twitter’s Acquisition by Elon Musk on the Crypto Ecosystem

<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*I0coyd1go7kVdZPRsep1xg.png" /><figcaption>What is Chiliz (CHZ)?</figcaption></figure>Project Name: ChilizToken Ticker: CHZ<h4>Introduction to the Project</h4>It is a cryptocurrency that is the world’s first blockchain-based in sports and entertainment and powers Socios.com sports fan engagement platform. Chiliz provides blockchain-based tools to help sports and entertainment organizations engage their fans and monetize them. The company states that its main purpose is to increase interaction and spread the use of fan tokens by connecting passive and active fans.Participants can buy and sell tokens of the clubs they support. They can win prizes with various events organized. Depending on the amount of CHZ they have, they can vote in the polls. It is an area that is highly sought after by fans who want to be active in decision-making mechanisms. In addition to all these features, the company offers important features and unique experiences to token holders.CHZ Token has a very high liquidity and is traded on leading cryptocurrency exchanges (Binance, Bitpanda, HBTC, Mercado, NitroEx) in the world. Fan Token and fan interaction platform has implemented its services in 25 major sports and e-sports organizations such as FC Barcelona, ​​Juventus, AC Milan, Paris Saint-Germain, FC Inter, Manchester City, and Professional Fighters League. Clubs’ interest in fan token interaction platforms is increasing day by day.Chiliz/Socios company has offices in many parts of the world. Some of these countries are the USA, Brazil, South Korea, Switzerland, Turkey, and Spain. To provide more employment by increasing the number of offices among the company’s targets in the coming years.<h4>Overview</h4>Total Supply: 8,888,888,888Circulation Supply: 6,000,316,458<h4>Support Links</h4>Official Website: <a href="https://www.chiliz.com/en/">https://www.chiliz.com/en/</a>Whitepaper:<a href="https://whitepaper.io/document/522/chiliz-whitepaper"> https://whitepaper.io/document/522/chiliz-whitepaper</a><a href="https://www.nitroex.io/">NitroEx</a> Mobile Application is live on 📲 <a href="https://apps.apple.com/tt/app/nitroex-exchange/id1569267465">iOS</a> and 📲 <a href="https://play.google.com/store/apps/details?id=com.nitroex.nitroexchangeapp">Android</a>.Join <a href="https://t.me/NitroExOfficial">NitroEx Official Telegram</a> Follow us on <a href="https://twitter.com/NitroExOfficial">Twitter</a><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=eef66a652b36" width="1" height="1" alt="">

What is Chiliz (CHZ)?

<h3>What is REN Coin (REN) ?</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*8RhcZB2l93L8iVpJqC6tsw.png" /><figcaption>What is REN Coin (REN) ?</figcaption></figure>Project Name: RenToken Ticker: REN<h4>Introduction to the Project</h4>It is a protocol that allows the buying-selling and trading of assets traded on different blockchains. The main goal of the Ren project is to provide interoperability and liquidity.RenVM is a virtual computer network. The machines that power this network are called DarkNodes. DarkNodes operators power and protect the network. In order to work as DarkNodes, the amount of REN Tokens specified by smart contracts must be locked. Operators working as DarkNodes are rewarded with REN Tokens.Ren was founded in 2017 by software developers Taiyang Zhang and Loong Wang. Its name was Republic Protocol when first established, and it was changed to REN in 2019.A user can lock different cryptocurrencies on the Ethereum network using REN Token. He can take Ethereum as a reward and use it by buying Bitcoin on the Bitcoin network. During this process, the REN Token allows the user to transact across networks. It also facilitates the use of decentralized finance (DeFi) resources. Thanks to the REN, $ 1.2 million worth of cryptocurrencies have been exchanged as of 2020.Anyone who wants to have access to all protocols traded on the Blockchain can fulfill this function by using the REN Token. Transactions within the Ren network will only be charged in REN Tokens. Other blockchains are paid in their own cryptocurrencies.<h4>Overview</h4>Total Supply: 999.999.633Circulation Supply: 999.037.500<h4>Support Links</h4>Official Website:<a href="https://renproject.io/"> https://renproject.io/</a>Technical Report:<a href="https://renproject.io/litepaper.pdf"> https://renproject.io/litepaper.pdf</a><a href="https://www.nitroex.io/">NitroEx</a> Mobile Application is live on 📲 <a href="https://apps.apple.com/tt/app/nitroex-exchange/id1569267465">iOS</a> and 📲 <a href="https://play.google.com/store/apps/details?id=com.nitroex.nitroexchangeapp">Android</a>.Join <a href="https://t.me/NitroExOfficial">NitroEx Official Telegram</a> Follow us on <a href="https://twitter.com/NitroExOfficial">Twitter</a><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=2a45652934a3" width="1" height="1" alt="">

What is REN Coin (REN) ?

<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*R9a-nNPbfATSKB72CiFaYQ.png" /><figcaption>What Is Fantom (FTM)?</figcaption></figure>Project Name: FantomToken Name: FTM<h4>Introduction to the Project</h4>The Fantom Foundation was founded by Dr. Ahn Byung Ik, a South Korean computer expert in 2018. Behind the Fantom project, there is a very large team of experts in the blockchain field. The team includes software developers, scientists, engineers, researchers, designers, and entrepreneurs.Fantom (FTM) is a smart contract-based cryptocurrency that stands for “Directed Acyclic Graph” DAG. Distributed ledgers are intended to provide solutions to scalability problems.Fantom uses the Lachesis Protocol together with the Proof of Stake algorithm, reducing the processing speed to less than two seconds. At the same time, Fantom, which uses the CryptoNode mining protocol, does not need high-end hardware and equipment to mine.FTM can be traded and also exchanged for other cryptocurrencies. The confirmation process for trading and swapping takes under two minutes. It can be used as a means of payment.<h4>Overview</h4>Total Supply: 2,545,006,273Circulation Supply: 2,545,006,273<h4>Support Links</h4>Official Website:<a href="https://fantom.foundation/"> https://fantom.foundation/</a>Technical Report:<a href="https://fantom.foundation/fantom-research-papers/"> https://fantom.foundation/fantom-research-papers/</a><a href="https://www.nitroex.io/">NitroEx</a> Mobile Application is live on 📲 <a href="https://apps.apple.com/tt/app/nitroex-exchange/id1569267465">iOS</a> and 📲 <a href="https://play.google.com/store/apps/details?id=com.nitroex.nitroexchangeapp">Android</a>.Join <a href="https://t.me/NitroExOfficial">NitroEx Official Telegram</a> Follow us on <a href="https://twitter.com/NitroExOfficial">Twitter</a><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=b5f8eb10fca4" width="1" height="1" alt="">

What Is Fantom (FTM)?

<figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*jf-MY7zfZ1uNtzYs-ulzmw.png" /><figcaption>What Is Binance Coin (BNB)?</figcaption></figure>Project Name: Binance CoinToken Name: BNB<h3>Introduction to the Project</h3>Binance Coin (BNB) is a cryptocurrency released in 2017 by the Binance Exchange. It was first produced on the ERC-20 base. Later, when Binance switched to its blockchain base, BEP-2, BNB production continues on this base. By burning the tokens produced according to the ERC-2, the transition to the BEP-2 base is realized.BNB is a non-mining cryptocurrency. Binance produces all offered tokens. Half of the total produced BNB is the circulating supply.BNBs are used in many areas such as covering travel expenses, buying virtual gifts, paying for products, paying commissions, and trading.Every year, the Binance Exchange buys BNB to prevent inflation for the token it produces then burns them. Burning these BNBs prevents inflation.<h3>Overview</h3>Total Supply: 165,116,761Circulation Supply: 165,116,761<h3>Support Links</h3>Official Website:<a href="https://www.binance.com/tr"> https://www.binance.com/tr</a>Whitepaper:<a href="https://whitepaper.io/document/10/binance-whitepaper"> https://whitepaper.io/document/10/binance-whitepaper</a>BNB Burn:<a href="https://www.bnbburn.info/"> https://www.bnbburn.info/</a><a href="https://www.nitroex.io/">NitroEx</a> Mobile Application is live on 📲 <a href="https://apps.apple.com/tt/app/nitroex-exchange/id1569267465">iOS</a> and 📲 <a href="https://play.google.com/store/apps/details?id=com.nitroex.nitroexchangeapp">Android</a>.Join <a href="https://t.me/NitroExOfficial">NitroEx Official Telegram</a> Follow us on <a href="https://twitter.com/NitroExOfficial">Twitter</a><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=ea51e12a60f0" width="1" height="1" alt="">

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