Glossary

The unique identifier of an account or contract on a blockchain.

Abstract Datagram Network Layer — TON's low-level peer-to-peer protocol.

Automated Market Maker — algorithmic pricing through a liquidity pool.

A sustained period of falling prices, usually 20%+ off the peak, with pessimistic sentiment.

A group of transactions finalized by validators and chained to the previous block.

Bag of Cells — the binary serialization format for structured data and smart contracts in TON.

A protocol that moves assets between blockchains — e.g. USDT from Ethereum into the TON network.

A sustained period of rising prices and optimistic market sentiment.

Centralized exchange — custodial exchange (Binance, OKX, Bybit).

A wallet whose private keys never touch an internet-connected device; the safest long-term storage.

Decentralized Autonomous Organization — on-chain governance via token-holder voting.

Dollar-cost averaging — buying a fixed amount on a schedule regardless of price.

Decentralized Finance — financial services (exchanges, loans, derivatives) without intermediaries.

Decentralized exchange — token swaps via smart contracts, no intermediary.

The decline of an asset or portfolio from its peak, measured in percent.

The guarantee that a transaction cannot be reverted.

The cost of computation and storage paid by the transaction sender.

A one-way function that maps data of any size into a fixed-length code.

A wallet whose private keys live on an internet-connected device — convenient for spending, weaker for savings.

The fungible token standard on TON (the equivalent of ERC-20 on Ethereum).

A position that profits when the price goes up — buying in expectation of growth.

The production network of a blockchain with real assets.

TON's coordinating chain: stores network config and finalizes all workchains.

A delegator who stakes Gram via a nominator pool without running a validator node.

A token sale before public launch, at a discounted price and usually with vesting.

The secret key that signs transactions; whoever holds it owns the funds.

A short counter-trend price move — a local correction inside a larger trend.

A token mechanism that changes everyone's balance at once to adjust total supply.

Soulbound Token — an NFT that cannot be transferred, permanently tied to its wallet.

Any fraudulent scheme designed to take your crypto — fake projects, phishing, impersonators.

A subchain of a workchain serving a slice of accounts; scales via automatic split/merge.

A position that profits when the price falls — selling borrowed assets to buy back cheaper.

A program that lives and executes inside a blockchain.

A token pegged to a fiat currency — most often USD (USDT, USDC, DAI).

Locking crypto in a network or validator contract to earn rewards; TON runs on Proof-of-Stake.

A web app that runs inside the Telegram client via WebView with TG-native UI.

Telegram's internal currency for paying for digital goods in Mini Apps and subscriptions.

TON Enhancement Proposal — the formal specification for a TON-ecosystem standard.

A blockchain's test network for developers; tokens have no real value.

Token Generation Event — the moment a project's tokens are minted and start circulating.

A scheduled release of previously locked team or investor tokens; usually sell pressure.

Total Value Locked — total USD value of assets in a DeFi protocol.

TON Virtual Machine — the stack machine that executes smart contracts on the TON network.

A schedule that gradually unlocks team and investor tokens over months or years.

A logical child network inside TON with its own rules and validator set.

A tenfold price multiple — the unit crypto measures dreams in (10x, 100x).

Free distribution of tokens to early users or active community members.

To buy an asset fast without analysis, on instinct or hype.

All-Time High — the historic peak price of an asset.

All-Time Low — the historic bottom price of an asset.

A holder of an asset that crashed and isn't recovering.

Buying when the price drops, betting on a recovery; BTD.

A market that goes sideways for weeks — neither bull nor bear, just crab.

A speculator who plays in high-risk crypto plays; self-ironic term.

Holding an asset through drops without panicking or selling.

Project team revealed their real identities; a trust signal.

A sharp price drop; 'to dump' an asset.

Do Your Own Research — a call to verify facts yourself before investing.

Buying an asset in free fall hoping to catch the bottom; usually ends badly.

Fear Of Missing Out — impulsive buying driven by hype, fear of being left behind.

Fear, Uncertainty, Doubt — negative rumors, often deliberate, to manipulate price.

To hold an asset long-term without selling, especially through market drops.

A token you can buy but not sell; a scam contract.

'Maximalist' — a fanatical supporter of one blockchain, dismissing all alternatives.

Not Financial Advice — a standard disclaimer disowning responsibility for the tip.

Weak conviction: sells at the first sign of a drop.

A sharp rise in an asset's price; sometimes refers to coordinated price ramping.

A coordinated scheme to ramp the price of an asset and quickly dump it on the hype.

A chat that coordinates buying a low-liquidity token to dump it on outsiders.

From 'wrecked' — a major financial loss, usually from a bad trade or liquidation.

A scam where the project team pulls liquidity and disappears with investor funds.

Aggressively promoting a token/project, often with undisclosed financial interest.

A holder of a very large position in crypto; their moves move the market.

'Few understand' — self-ironic: 'only the initiated get it.'

Good Morning — the greeting in crypto chats and Twitter.

Good Night — the evening greeting, paired with GM.

Let's F***ing Go — an expression of extreme enthusiasm.

Not Gonna Make It — a dismissive 'you're not gonna make it.'

Ironic hint: 'probably nothing important' = actually very important.

A metaphor for a massive price rise; the rocket emoji 🚀.

We're All Gonna Make It — the optimistic crypto-community mantra.

The joke 'when will I be able to buy a Lamborghini with crypto profits?'