Glossary
60 articlesADNL
Abstract Datagram Network Layer — TON's low-level peer-to-peer protocol.
AMM
Automated Market Maker — algorithmic pricing through a liquidity pool.
ATH
All-Time High — the historic peak price of an asset.
ATL
All-Time Low — the historic bottom price of an asset.
Address
The unique identifier of an account or contract on a blockchain.
Airdrop
Free distribution of tokens to early users or active community members.
Ape (in)
To buy an asset fast without analysis, on instinct or hype.
Bagholder
A holder of an asset that crashed and isn't recovering.
Block
A group of transactions finalized by validators and chained to the previous block.
BoC
Bag of Cells — the binary serialization format for structured data and smart contracts in TON.
CEX
Centralized exchange — custodial exchange (Binance, OKX, Bybit).
DAO
Decentralized Autonomous Organization — on-chain governance via token-holder voting.
DEX
Decentralized exchange — token swaps via smart contracts, no intermediary.
DYOR
Do Your Own Research — a call to verify facts yourself before investing.
DeFi
Decentralized Finance — financial services (exchanges, loans, derivatives) without intermediaries.
Degen
A speculator who plays in high-risk crypto plays; self-ironic term.
Diamond hands
Holding an asset through drops without panicking or selling.
Doxxed
Project team revealed their real identities; a trust signal.
Dump
A sharp price drop; 'to dump' an asset.
FOMO
Fear Of Missing Out — impulsive buying driven by hype, fear of being left behind.
FUD
Fear, Uncertainty, Doubt — negative rumors, often deliberate, to manipulate price.
Few
'Few understand' — self-ironic: 'only the initiated get it.'
Finality
The guarantee that a transaction cannot be reverted.
GM
Good Morning — the greeting in crypto chats and Twitter.
GN
Good Night — the evening greeting, paired with GM.
Gas fee
The cost of computation and storage paid by the transaction sender.
HODL
To hold an asset long-term without selling, especially through market drops.
Hash
A one-way function that maps data of any size into a fixed-length code.
Honeypot
A token you can buy but not sell; a scam contract.
Jetton
The fungible token standard on TON (the equivalent of ERC-20 on Ethereum).
LFG
Let's F***ing Go — an expression of extreme enthusiasm.
Mainnet
The production network of a blockchain with real assets.
Masterchain
TON's coordinating chain: stores network config and finalizes all workchains.
Maxi
'Maximalist' — a fanatical supporter of one blockchain, dismissing all alternatives.
NFA
Not Financial Advice — a standard disclaimer disowning responsibility for the tip.
NGMI
Not Gonna Make It — a dismissive 'you're not gonna make it.'
Nominator
A delegator who stakes TON via a nominator pool without running a validator node.
Paper hands
Weak conviction: sells at the first sign of a drop.
Private key
The secret key that signs transactions; whoever holds it owns the funds.
Probably nothing
Ironic hint: 'probably nothing important' = actually very important.
Pump
A sharp rise in an asset's price; sometimes refers to coordinated price ramping.
Pump and dump
A coordinated scheme to ramp the price of an asset and quickly dump it on the hype.
REKT
From 'wrecked' — a major financial loss, usually from a bad trade or liquidation.
Rug pull
A scam where the project team pulls liquidity and disappears with investor funds.
SBT
Soulbound Token — an NFT that cannot be transferred, permanently tied to its wallet.
Shardchain
A subchain of a workchain serving a slice of accounts; scales via automatic split/merge.
Shilling
Aggressively promoting a token/project, often with undisclosed financial interest.
Smart contract
A program that lives and executes inside a blockchain.
Stablecoin
A token pegged to a fiat currency — most often USD (USDT, USDC, DAI).
TEP
TON Enhancement Proposal — the formal specification for a TON-ecosystem standard.
TVL
Total Value Locked — total USD value of assets in a DeFi protocol.
TVM
TON Virtual Machine — the stack machine that executes smart contracts on the TON network.
Telegram Mini App
A web app that runs inside the Telegram client via WebView with TG-native UI.
Telegram Stars
Telegram's internal currency for paying for digital goods in Mini Apps and subscriptions.
Testnet
A blockchain's test network for developers; tokens have no real value.
To the moon
A metaphor for a massive price rise; the rocket emoji 🚀.
WAGMI
We're All Gonna Make It — the optimistic crypto-community mantra.
Whale
A holder of a very large position in crypto; their moves move the market.
When Lambo
The joke 'when will I be able to buy a Lamborghini with crypto profits?'
Workchain
A logical child network inside TON with its own rules and validator set.