term

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ADNL
Abstract Datagram Network Layer — TON's low-level peer-to-peer protocol.
AMM
Automated Market Maker — algorithmic pricing through a liquidity pool.
Address
The unique identifier of an account or contract on a blockchain.
Bear market
A sustained period of falling prices, usually 20%+ off the peak, with pessimistic sentiment.
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.
Bridge
A protocol that moves assets between blockchains — e.g. USDT from Ethereum into the TON network.
Bull market
A sustained period of rising prices and optimistic market sentiment.
CEX
Centralized exchange — custodial exchange (Binance, OKX, Bybit).
Cold wallet
A wallet whose private keys never touch an internet-connected device; the safest long-term storage.
DAO
Decentralized Autonomous Organization — on-chain governance via token-holder voting.
DCA
Dollar-cost averaging — buying a fixed amount on a schedule regardless of price.
DEX
Decentralized exchange — token swaps via smart contracts, no intermediary.
DeFi
Decentralized Finance — financial services (exchanges, loans, derivatives) without intermediaries.
Drawdown
The decline of an asset or portfolio from its peak, measured in percent.
Finality
The guarantee that a transaction cannot be reverted.
Gas fee
The cost of computation and storage paid by the transaction sender.
Hash
A one-way function that maps data of any size into a fixed-length code.
Hot wallet
A wallet whose private keys live on an internet-connected device — convenient for spending, weaker for savings.
Jetton
The fungible token standard on TON (the equivalent of ERC-20 on Ethereum).
Long
A position that profits when the price goes up — buying in expectation of growth.
Mainnet
The production network of a blockchain with real assets.
Masterchain
TON's coordinating chain: stores network config and finalizes all workchains.
Nominator
A delegator who stakes Gram via a nominator pool without running a validator node.
Presale
A token sale before public launch, at a discounted price and usually with vesting.
Private key
The secret key that signs transactions; whoever holds it owns the funds.
Pullback
A short counter-trend price move — a local correction inside a larger trend.
Rebase
A token mechanism that changes everyone's balance at once to adjust total supply.
SBT
Soulbound Token — an NFT that cannot be transferred, permanently tied to its wallet.
Scam
Any fraudulent scheme designed to take your crypto — fake projects, phishing, impersonators.
Shardchain
A subchain of a workchain serving a slice of accounts; scales via automatic split/merge.
Short
A position that profits when the price falls — selling borrowed assets to buy back cheaper.
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).
Staking
Locking crypto in a network or validator contract to earn rewards; TON runs on Proof-of-Stake.
TEP
TON Enhancement Proposal — the formal specification for a TON-ecosystem standard.
TGE
Token Generation Event — the moment a project's tokens are minted and start circulating.
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.
Token unlock
A scheduled release of previously locked team or investor tokens; usually sell pressure.
Vesting
A schedule that gradually unlocks team and investor tokens over months or years.
Workchain
A logical child network inside TON with its own rules and validator set.