Bots
By CoinGecko | Updated on Mar 03, 2020
Refers to software or programmes that automatically trade based on preset behaviours (eg. buy @ $100, sell at $102, and then repeat). Bots have the advatage of being extremely quick and can react almost instantaneously.
Related Terms
Decentralized Applications (dApps)
Applications that run on decentralized peer-to-peer networks such as Ethereum.
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
Proof of Stake (PoS)
A consensus algorthm that assigns block validation queue based on the coins/token locked in by the validator.
Token Generation Event (TGE)
An event in which new tokens (ussually on a smart contract platform) are created and distributed to the public.
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