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Crypto Basics

Guides about Crypto Basics, written in plain language.

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What is Alchemix USD (alUSD)?

Alchemix announced alUSD on 22 February 2021. You deposited Dai and could mint up to half of it as alUSD. The Dai was sent to earn yield that was supposed to pay the debt down. That is a design. alUSD is not a dollar.EasyCryptoGuides · 28 Feb 2021 · 1 min read

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What is Raydium (RAY)?

Raydium launched on 21 February 2021 as a program on Solana, not a second chain. The cap is 555 million RAY. The mint authority is disabled. Putting coins in a pool can return less of what you deposited.EasyCryptoGuides · 22 Feb 2021 · 1 min read

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What is Lido (LDO)?

LDO went live on 5 January 2021, with 1 billion minted. You deposit ETH and receive stETH, a receipt that can grow as rewards are credited. LDO votes on the protocol. It is not the deposit.EasyCryptoGuides · 6 Jan 2021 · 2 min read

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What is 1inch (1INCH)?

1INCH was released on 25 December 2020, with 1.5 billion minted and about 6 percent circulating. The mint function was burned on 6 April 2022. The token votes. It is not the coin a swap is trading, unless you chose it.EasyCryptoGuides · 26 Dec 2020 · 1 min read

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What is The Graph (GRT)?

The Graph’s marketplace opened on 17 December 2020. Indexers stake GRT to answer queries about other chains. Curators signal which datasets are worth serving. A query fee is not a dividend of GRT.EasyCryptoGuides · 18 Dec 2020 · 2 min read

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What is Golem (GLM)?

Golem raised an Ethereum sale in 2016. The token, GNT, was not an ERC-20. On 19 November 2020 a one-for-one migration to GLM opened. It has no deadline the project has set. The two together cannot exceed 1 billion.EasyCryptoGuides · 20 Nov 2020 · 1 min read

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What is Bitcoin SV (BSV)?

Bitcoin SV left Bitcoin Cash on 15 November 2018. The last block the two chains share is 556,766. The cap and the halving clock were inherited. The ledger was not.EasyCryptoGuides · 16 Nov 2020 · 2 min read

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What is Axie Infinity (AXS)?

The public sale ran on Binance at the end of October 2020. The cap is 270 million. Trading is dated to 4 November. An Axie is an NFT. SLP is a second token. The March 2022 loss was a bridge.EasyCryptoGuides · 5 Nov 2020 · 2 min read

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What is Chiliz (CHZ)?

CHZ was minted in October 2018, after a private sale and no public one. Fan tokens are separate assets. Chiliz Chain opened in May 2023 and charges fees in CHZ. A 2024 change started minting more.EasyCryptoGuides · 2 Nov 2020 · 2 min read

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What is Conflux (CFX)?

Conflux’s Tethys mainnet opened on 29 October 2020. The genesis allocation was 5 billion CFX. A pre-mainnet token called FC swapped one for one. Core addresses start with cfx. The other space uses 0x.EasyCryptoGuides · 30 Oct 2020 · 2 min read

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What is Stacks (STX)?

STX traded from October 2019 as Blockstack. Stacks 2.0 opened on 14 January 2021, at Bitcoin block 666,050. Miners spend bitcoin. People who lock STX can be paid in bitcoin. sBTC is a token, not bitcoin.EasyCryptoGuides · 28 Oct 2020 · 2 min read

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What is Injective (INJ)?

INJ started trading on 21 October 2020 as an ERC-20, with a launch supply of 100 million. The chain itself opened in November 2021. New INJ is minted for validators. A buyback burns more. The net is not a fixed cap.EasyCryptoGuides · 26 Oct 2020 · 2 min read

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