Cryptocurrency Terms and Definitions

A referrer is a participant in a referral or affiliate program who attracts new users through their link and receives a reward for their activity in the project.

A referral is a user who has signed up to a project, an exchange, or an affiliate program at the invitation of another participant. The inviter often receives a reward for such sign-ups.

Pump and dump is a manipulative scheme in which an asset's price is first artificially inflated and then sharply dropped. The organizers take profit at the expense of the buyers they attracted.

An affiliate program is a system of rewards for attracting new users. The affiliate receives a bonus for the actions of the referrals they bring in, for example for registration or trades.

Pending is the status of a payment or transaction that has been sent but not yet confirmed by the network or the payment system. The funds are, as it were, stuck in an intermediate state and awaiting a final decision.