tokens

A hard cap is the maximum amount of funds a project team plans to raise during an ICO or another token sale. Once this firm threshold is reached, the token sale and the collection of investments stop completely.

A shitcoin is a derogatory name for coins and tokens with no real value, technology, or prospects. Such projects are often backed by dubious teams or amount to outright deception of investors.

A token is a digital unit of account that exists in a distributed ledger on top of someone else's blockchain. Unlike a cryptocurrency, a token has no network of its own and can represent a wide variety of rights and assets.

A soft cap is the minimum amount of funds a project plans to raise during a token sale in order to begin developing the product. If the amount is not reached, the funds are usually returned to contributors.

A token standard is a set of technical rules that a token on a blockchain conforms to. Standards ensure the compatibility of tokens with wallets, exchanges, and smart contracts.

A stablecoin is a cryptocurrency with minimal volatility whose value is pegged to a stable asset: a fiat currency, a commodity, or a basket of assets. It is used as a safe haven and a means of settlement.

TGE is a token generation event during which a project issues and distributes its tokens for the first time. It is a way to raise financing for the development of a blockchain project.

The Howey Test is a legal criterion used in the United States to determine whether an asset is an investment contract, that is, a security. Its outcome decides whether a token will fall under the regulator's oversight.

Compilation issues are errors in converting a smart contract's source code into an executable form. Because of them a crypto exchange may reject a token when a listing application is submitted if the code fails verification.

Early birds are the first participants or investors in a project who join at the very start and usually receive tokens at a more favorable price or with additional bonuses.