The Dictionary
Explore 227+ clear, technical, and objective definitions defining the decentralized future.
Recently Defined
Soulbound Token (SBT)
A soulbound token (SBT) is a non-transferable token tied permanently to a single wallet ("soul"). Unlike a normal NFT or ERC-20, an SBT cannot be sold or sent to another address — it represents an identity-linked credential, achievement, or membership.
Spot Trading
Buying or selling cryptocurrencies for immediate delivery and settlement at the current market price (you own the actual asset).
Spot Wallet
The default wallet on a CEX for holding and trading spot-market cryptocurrencies.
Spread
The spread is the difference between the highest bid and lowest ask price in an order book.
Stablecoin
A cryptocurrency designed to maintain a stable value, usually pegged 1:1 to fiat like USD (e.g., USDT, USDC).
Staking
The process of actively participating in transaction validation on a Proof-of-Stake (PoS) blockchain. Participants lock up (or 'stake') their cryptocurrency holdings to support network security and operations, earning rewards in return, similar to earning interest.
Stop Hunt
A stop hunt is a price move that pushes into areas where many stop-loss orders are likely placed, triggers those stops, and then reverses direction. It is often linked to liquidity-seeking behavior in the market.
Stop-Limit Order
A conditional order that combines a stop price (trigger) and a limit price (execution range). Once the market reaches the stop price, it activates as a limit order that only executes at the specified limit price or better.
Stop-Loss (SL) / Take-Profit (TP)
Conditional orders that automatically close a position at a preset price to limit losses (SL) or lock in gains (TP). Often combined as bracket or OCO orders.
Support
Support is a price level where buying pressure prevents price from falling further.
Swing Trading
Swing trading is a trading style where positions are held for several days to several weeks in order to capture medium-term price swings within a broader market trend.
Sybil Attack
A Sybil attack is the creation of many fake or coordinated identities by a single entity to gain disproportionate influence in a system designed to give equal weight per participant — airdrops, governance votes, point programs, or social platforms.
Telegram Trading Bot
A Telegram trading bot is a chat-based interface, accessed inside the Telegram messenger, that lets users execute on-chain trades — typically swaps, sniping, copy-trading — by typing commands or tapping buttons. The bot holds a wallet on the user's behalf or relays signed transactions.
Testnet
A testnet is a testing version of a blockchain used for experiments without risking real funds.
Time-Weighted Average Price (TWAP)
An execution strategy/order that splits a large trade into smaller chunks executed evenly over a specified time period.
Token
A token is a digital asset built on top of an existing blockchain rather than having its own independent blockchain.
Token Approval
A token approval is an on-chain permission that a wallet owner grants to a smart contract, allowing that contract to transfer a specified (or unlimited) amount of a particular token (usually ERC-20) from the owner’s address.
Token Contract
A token contract is the smart contract address that defines and manages a token on a blockchain. It is the on-chain source that tells wallets and applications how the token behaves, including its name, supply logic, and transfer rules.
Token Unlock
A token unlock is a scheduled release of previously locked tokens — typically those allocated to team members, early investors, the treasury, or advisors — into the circulating supply. Unlocks are defined by the token's vesting schedule, often published at launch.
Tokenised equities
Tokenised equities (or tokenized equities) are digital tokens on a blockchain that represent ownership rights—or economic exposure—to shares in a company, whether public or private, enabling fractional ownership and on-chain transfer.