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Crypto Basics

Guides about Crypto Basics, written in plain language.

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What is Dai (DAI)?

Dai comes from the Maker system, now also called Sky. You lock collateral and borrow DAI. Liquidation is the design. USDS is a conversion, not a rename that already happened to every balance.EasyCryptoGuides · 15 Apr 2020 · 3 min read

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What is BitTorrent (BTT)?

BitTorrent Inc. sold the token on 28 January 2019, on TRON. The file-sharing protocol is older and does not require BTT. In December 2021 one old coin became 1,000 new ones. The count went from 990 billion to 990 trillion.EasyCryptoGuides · 14 Apr 2020 · 1 min read

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What is USDC?

USDC launched in 2018 as a joint Circle and Coinbase product. Circle issues it. The March 2023 wobble was a bank failure, not a broken chain. Native USDC and a bridged lookalike are different assets.EasyCryptoGuides · 13 Apr 2020 · 3 min read

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What is Tether (USDT)?

USDT is issued by Tether Limited. The peg is a promise about reserves, not a law of the chain. The company can freeze an address. Sending the Ethereum token to a Tron address strands it.EasyCryptoGuides · 12 Apr 2020 · 3 min read

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What is STASIS EURO (EURS)?

STASIS said EURS would trade on DSX from 4 July 2018, backed one for one by euros. There is no fixed cap. It is not Euro Coin, and a reserve balance is not the token.EasyCryptoGuides · 11 Apr 2020 · 1 min read

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What is MX?

MX is the token of the exchange now called MEXC. The exchange dates the issue to 30 June 2018 and the opening supply to 1 billion. Later burns changed that figure. A fee discount is a company rule.EasyCryptoGuides · 10 Apr 2020 · 1 min read

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What is Arweave (AR)?

Arweave’s mainnet opened on 8 June 2018. Genesis created 55 million AR. Mining can add 11 million more, and then the ceiling is 66 million. Most of an upload fee goes into an endowment. A file is not the token.EasyCryptoGuides · 9 Apr 2020 · 1 min read

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What is Nexo (NEXO)?

Nexo sold 525 million NEXO at 10 cents and kept the rest of a 1 billion supply. The lending desk opened at the end of April 2018. A dividend is a company payment. A balance inside Nexo is not the token in your wallet.EasyCryptoGuides · 8 Apr 2020 · 1 min read

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What is Nano (NANO)?

The project was RaiBlocks until 31 January 2018. The whole supply, on the order of 133 million, was already distributed. There is no fee and no further mint. A representative is a vote, not a company that holds the coins.EasyCryptoGuides · 7 Apr 2020 · 1 min read

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What is OriginTrail (TRAC)?

OriginTrail’s sale hit its cap on 17 January 2018. The supply is 500 million. A bug minted a few thousand extra under the ticker TRACE, and those could not move. The token this page means is the replacement, TRAC.EasyCryptoGuides · 6 Apr 2020 · 1 min read

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What is Telcoin (TEL)?

Telcoin’s sale opened on 11 December 2017 and the team said it closed on 31 December, at 25 million dollars. The paper set the supply at 100 billion. A phone company is not the token.EasyCryptoGuides · 5 Apr 2020 · 1 min read

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What is Basic Attention Token (BAT)?

Brave sold 1 billion BAT on 31 May 2017 for 156,250 ETH. The cap is 1.5 billion. The rest was kept for a user pool and for development. BAT is the browser’s token. It is not a share of Brave.EasyCryptoGuides · 4 Apr 2020 · 1 min read

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