Crypto BasicsGuides
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Crypto Basics
Crypto BasicsWhat is Mina (MINA)?
The project was called Coda until September 2020. Mainnet opened on 23 March 2021. The whole chain is meant to stay a few kilobytes, so a phone can check it. The opening distribution was about 805 million. New MINA is minted.EasyCryptoGuides · · 1 min read
Crypto BasicsWhat 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 · · 1 min readCrypto BasicsWhat 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 · · 1 min read
Crypto BasicsWhat 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 · · 2 min read
Crypto BasicsWhat 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 · · 1 min read
Crypto BasicsWhat 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 · · 2 min read
Crypto BasicsWhat 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 · · 1 min read
Crypto BasicsWhat 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 · · 2 min readCrypto BasicsWhat 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 · · 2 min read
Crypto BasicsWhat 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 min read
Crypto Basics