Futures
By CoinGecko | Updated on Mar 03, 2020
A futures contract is a form of derivative financial instrument. It repesents an agreement to buy or sell a particular underlying asset/commodity at a predetermined price and at a specified time in the future.
Compared to options which provides one of the parties involved with the rights but not obligations to transact, futures repesent an obligation to transact based on the pre-determined parameters.
Related Terms
Faucet
A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time.
Gas Limit
A term refers to the maximum amount of units of gas user's willingness to spend on a transaction on Ethereum blockchain.
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
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