Crypto BasicsBeginners
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Crypto Basics
Crypto BasicsWhat is SUN?
SUN genesis mining started on 2 September 2020. The whitepaper set the supply at 19,900,730. In May 2021 one old coin became 1,000 new ones. The token is not TRX, and the old unit is named SUNOLD.EasyCryptoGuides · · 1 min read
Crypto BasicsWhat is TrueUSD (TUSD)?
TrustToken’s timeline puts the launch in March 2018. TUSD is minted and redeemed by a company, not by a chain. The SEC’s 2024 complaint alleged the reserves were not the cash the marketing described.EasyCryptoGuides · · 2 min readCrypto BasicsWhat is Polkadot (DOT)?
Polkadot is a relay chain plus connected chains. DOT nominates validators and pays for compute time. Kusama is not Polkadot, and one old DOT became 100 new ones in August 2020.EasyCryptoGuides · · 4 min read
Crypto BasicsWhat is The Sandbox (SAND)?
SAND started trading on 14 August 2020 after a Binance sale of 360 million, 12 percent of a 3 billion cap. A parcel is a separate NFT. There are 166,464 of those in the map the project published. SAND does not pay Ethereum’s fee.EasyCryptoGuides · · 1 min read
Crypto BasicsWhat is Curve (CRV)?
The CRV contract was deployed on 12 August 2020 and the team adopted it. Emissions fall about 16 percent each August. Locking CRV makes veCRV, which cannot be transferred and cannot be opened early.EasyCryptoGuides · · 2 min read
Crypto BasicsWhat is NEO?
Antshares became NEO on 8 August 2017. All 100 million NEO existed at genesis. GAS is the fee, generated to holders on a declining schedule, with its own cap of 100 million. A legacy address is not an N3 address.EasyCryptoGuides · · 2 min read
Crypto BasicsWhat is Dash (DASH)?
Dash launched on 18 January 2014, first as Xcoin, then Darkcoin, then Dash. It has its own genesis. A masternode collateral is 1,000 DASH. The subsidy steps down each year. The project’s docs put the eventual supply under 19 million.EasyCryptoGuides · · 2 min read
Crypto BasicsWhat is XDC?
XDC Network, started as XinFin, opened its mainnet on 1 June 2019. The sale token was an Ethereum asset called XDCe, swapped one for one. The genesis figure was about 37.5 billion, not the 100 billion in an earlier paper.EasyCryptoGuides · · 2 min readCrypto BasicsWhat is Cosmos (ATOM)?
The Cosmos Hub opened on 13 March 2019. ATOM pays the Hub’s fees and is the stake. Other chains built with the same software have their own coins. New ATOM is minted. A 2023 vote cut the inflation ceiling from 20 percent to 10.EasyCryptoGuides · · 2 min read
Crypto BasicsWhat is GateToken (GT)?
GT has been live since 2019. Gate says the cumulative burn by October 2026 was about 192 million of the original 300 million. A trading-fee discount is a rule of the exchange account. It is not paid by a chain.EasyCryptoGuides · · 1 min read
Crypto Basics