Urban Dictionary
Last updated
Last updated
An NFT Marketplace Aggregator is a platform that displays NFTs for sale from many markets in one location. Soya Marketplace is an ONUS Chain Marketplace Aggregator. Without leaving the site, you may purchase NFTs from various collections and different markets.
An Airdrop is often something free that a project provides to your cryptocurrency wallet. In an Airdrop, you may receive free NFTs or tokens. Before you connect to receive free NFT or tokens, make sure you know where the Airdrop originated from. Sometimes criminals may send you something for free in order to fool you into dealing with their scamming smart contracts. If in doubt, inquire on our about an airdrop you got, and someone from the community will assist you in determining whether it is authentic.
In Layman's terms, Alpha refers to any knowledge that offers you an advantage while trading NFTs. Typically, it refers to project news that you learn about first on Telegram or Twitter. Alpha refers to any information shared by a project.
For NFTs, the maximum an individual NFT has ever sold for, or the greatest value the floor price has ever achieved, is commonly referred to as the ATH. ATH is also used to refer to daily volume and daily sales.
Some NFTs can be purchased through an auction. This implies that there is no set price for the NFT, but you may bid against other purchasers, with the highest bidder winning the item. Soya Marketplace presently does allow NFT auctions.
Bundle Listing enables single contracts to group together a number of NFTs and sell them on Soya for a Fixed Price or as an Auction. It's especially useful if you have a large number of NFTs that you wish to sell all at once to save time.
A blockchain is a network of computers that replicates a digital record of transactions. Every block on the chain comprises a list of transactions, and whenever a new transaction happens on the blockchain, a record of it is added to the database of every user. In the case of NFTs, this implies that there is a decentralized record of every NFT you hold, and when you sell or transmit it to another wallet, this activity is likewise recorded across several computers.
Blue Chip is a subjective word that is frequently used to denote the best NFT initiatives.
The BNB Chain's currency is BNB. There are several blockchains available these days, and you may think of each one as its own decentralized country with its own currency. NFTS are often purchased using BNB on the BNB Chain. Binance.com and other exchanges provide BNB. Binance, the most popular cryptocurrency exchange, launched the BNB Chain.
When an NFT is destroyed, it is permanently erased from the blockchain and no one may hold it in the future. If projects burn part of the NFTs in their collection, the scarcity of the remaining NFTs may grow, thereby increasing the total value of the remaining NFTS.
BSCscan is a website that allows you to view every transaction ever done on the BNB Chain network, as well as which tokens and NFTs are stored in each wallet. It appears to be a technical website, but after you get used to it, you'll find it handy for verifying things like whether your NFT transaction was successful.
A centralized exchange is a CEX, while a decentralized exchange is a DEX. Before you can start buying and selling NFTs on centralized exchanges like BinanceNFT, you must normally join up for their platform and provide some personal information (KYC). Decentralized exchanges, such as Soya, are permissionless, which means that if you have a crypto wallet, you may join to the exchange and begin trading NFTs.
Chainlink is a technological platform that connects data that isn't directly kept on the blockchain (such as sports scores or market prices) with blockchain platforms. Its primary application in NFTs is to provide project developers with a verifiably random number to ensure that the attributes of the NFTs are spread randomly throughout the collection. Furthermore, NFT collections such as PixelSweeper, where you may win significant rewards for staking your NFTs, employ chainlink technology to ensure that the award mechanics are clear and fair.
Most NFT projects have a Community Manager (CM) whose role it is to keep the community members informed and occasionally entertained. Because community is critical to the success of NFT collections, the CMs in each project play a vital role.
A collection is a set of NFTs that have been cast on the same chain under the same contract, such as CryptoPunks or Polychain Monsters.
A crypto wallet is a software or hardware device that allows people to store and retrieve digital assets such as cryptocurrencies and NFTs.
A DApp is similar to any other software on your smartphone, except that it is built on top of a decentralized network, such as ONUS Chain. This typically implies that the DApp does not rely on obtaining your data, like a smartphone app would, and it also means that the DApp's operation is transparent because transactions take place on the blockchain. Soya Marketplace is a DApp itself.
NFT initiatives, like many blockchain projects, are run as DAOs rather than regular corporations. With DAOs, the NFT or token holders often have some say in how the project is run, particularly how major decisions are made. It is possible to vote on these issues, and the amount of NFTs you own influences the size of your vote. PixelSweeper uses a DAO voting method to choose new NFTs for its prize vault.
Degen is a slang term used in NFTs and cryptocurrency for persons who prefer to invest rapidly, generally without doing much investigation. It may also refer to persons who undertake dangerous investments in the aim of making a lot of money.
Diamond Hands are NFT collectors who are noted for hanging on to their NFTs through good and terrible times. Paper Hands are the inverse; this generally refers to someone who sells the NFT for less than they paid for it.
Dynamic NFTs are NFTs that have replaceable properties. Normally, it is not possible to modify any of the features of an NFT once it has been minted, but with Dynamic NFTs, you may change certain sections of the NFT, such as clothes or other attributes. Moonpets is a well-known Dynamic NFT on the BNB Chain.
These are the two NFT technical standards. ERC 721 is the type of token that sparked the NFT frenzy. Most NFT collections are ERC 721 compliant, and every marketplace supports the exchange of ERC 721 NFTs. ERC 1155 NFTs are more recent, provide a lot more flexibility in terms of things like making the NFT dynamic, and are also less expensive to ship in bulk. However, many markets still do not fully accept ERC 1155 NFTs.
Fees are the various charges you may incur while buying and selling NFTs.
The Gas Price is the fee you pay every time you do a transaction on the blockchain. The costs on ONUS Chain are relatively cheap, with most transactions costing less than a few cents. You pay the gas charge using your crypto wallet, and the ONUS goes straight to the Nodes that run the chain - no gas fees are paid to marketplaces or NFT merchants.
Most NFT initiatives demand a Royalty Fee for each NFT sold from their collection. The Royalty Fee, like the Marketplace Fee, is deducted from the seller's proceeds. The PixelSweeper NFT collection, for example, charges a 4% Royalty Price, with more than 90% of that fee going into sweeping new NFTs for the PixelSweeper Prize Vault.
Crypto enthusiasts use the term fiat to designate currencies such as dollars, euros, and pounds.
A Fiat On-ramp allows you to convert your fiat (dollars, for example) into cryptocurrency in order to acquire NFTs. For instance, the SafePal mobile wallet offers a fiat on ramp that leverages Binance Connect.
FCFS refers to how most NFT mints take place. To avoid missing out on the sale of popular NFT collections, you must be the first. Getting onto the Whitelist will typically offer you an advantage over other collectors, but even then, you will need to be faster than other Whitelist holders.
The Floor Pricing of an NFT collection is the lowest specified NFT's price. This is an effective technique to assess the health of an NFT project. If it does well, the floor price will gradually climb. It's also crucial that the floor price stays higher than the mint price to reassure novice collectors.
NFT collectors refer to persons who acquire NFTs with the intention of selling them for a fast profit at a little higher price as flipping. Flipping adds volume and liquidity to projects and is critical to the success of a solid NFT collection.
FOMO is commonly used in NFTs to explain the feelings that motivate people to invest without conducting extensive investigation. People often FOMO into collections as prices rise. If you ever get FOMO, take a little break and consider whether you are truly spending money you can afford to lose.
FUD is sometimes used to explain when someone is unduly pessimistic about an NFT collection. FUD is frequently not based on reality or facts, but rather on an emotional reaction to things not going the FUDDers' way. Most communities will warn and eventually prohibit someone who is FUDDing their project on a regular basis.
GameFi refers to online games in which you may earn rewards for playing. Frequently, GameFi games have an NFT that serves as your avatar or land in the game and is linked to the amount of prizes you may receive.
When a collection has many mints, Gen 0 NFTs are NFTs from the very first batch of NFTs. The original Pancake Bunny NFTs from PancakeSwap are the most well-known Gen 0 NFTs on BNB Chain. The Pancake Bunnies from Generation 0 allowed you to mint from the PancakeSquad collection before anybody else.
Generative NFTs are NFTs in which the art was created by programming. The painters will select certain settings and then allow for some randomness to influence how the final artwork will look.
In NFT communities, GM and GN are nice methods to welcome one other. When folks want to say hello to the community and let others know they're available to talk, they'll frequently say GM. When participants leave the conversation at the end of the day, they may also mention GN.
Every NFT has an ID number, also known as a Token ID. The Token ID is what distinguishes one NFT from another on the blockchain. Some people enjoy collecting NFTs with distinctive Token IDs like 88, 69, and 420. Some people also place a high importance on very low Token IDs, particularly ID 1 or ID 0 if they exist.
On PancakeSwap, Initial Farm Offerings are a popular approach for projects to raise funds. They are significant to NFTs since one of the benefits of holding a Pancake Squad NFT is the ability to participate in the private auction of certain IFOs. This provides you an advantage over others who can only participate in the public sale.
Another term for projects that sell an NFT at its mint is first NFT offering. INOs can differ from regular mints in that the NFT you purchase in the mint may be a mystery box that you will exchange for the genuine NFT from the project in the future.
IPFS is a standard for storing files and data that, unlike regular web servers, cannot be tampered with. IPFS is peer-to-peer, which means that many different computers operate as unique servers for the files, which is fantastic for NFTs since it means your NFT is far less likely to be erased off the internet at the whim of a centralized business.
KYC refers to the procedure of providing identifying papers such as your passport to a centralized organization in order to access their services. The majority of CEX (Centralized Exchanges) demand some kind of KYC, although DEX (Decentralized Exchanges) frequently do not.
A launchpad is a website or platform where projects may offer their NFTs for issuance. Soya Marketplace displays Launchpad Projects on the homesite.
Liquidity refers to how simple or difficult it is to sell your NFT. NFTs are often less liquid (it is more difficult to find a buyer for them) than bitcoin. This is due to the fact that you must locate a customer for your specific NFT.
When you list or delist your NFT in a Marketplace, the terms listing and delisting are used to describe the process. When you list your NFT on one of our partner Marketplaces, it will appear on Soya Marketplace for sale.
A Maxi is a collector who is dedicated to a single project or industry. You can come across a BNB Chain NFT Maxi who gathers exclusively NFTs on BNB Chain.
A marketplace is a website or platform where you may purchase, trade, and bid on non-financial tokens (NFTs). Soya is a Marketplace Aggregator, which means we display buying possibilities from several Marketplaces.
Metadata is the supplementary data that is kept alongside each NFT's picture. It may contain information on the NFT's specific characteristics as well as other data such as the Token ID.
The phrase "metaverse" refers to online realms where you may hang out and engage with other people. NFT-based Metaverses frequently enable you to utilize the NFT you possess as your avatar or to symbolize the land and structures you own.
The action of purchasing an NFT directly from the project's founder is referred to as minting. When you mint an NFT, you don't always know all of its characteristics or how uncommon it will be. This adds a random aspect to the process, as you may mint something really uncommon or something relatively common.
Mint Passes grant access to minting other NFTs. A Mint Pass is sometimes an NFT in and of itself that grants you free and reduced NFTs in the future.
Mods are frequently volunteers that assist in project community conversations on Telegram and Discord. They are generally collectors who are ready to help the initiative and welcome new users. Some Mods advance to salaried employment or Community Manager positions.
When a project Moons, its worth has dramatically grown. When it comes to NFTs, this typically indicates that the floor price has risen and that everyone's NFTs are now worth more than they were before. People will be asking queries like "Wen Moon?" and excitedly wanting for the project's worth to rise.
Move to Earn is a type of DApp in which you may earn prizes for engaging in healthy activities like walking and jogging. In order to qualify for the awards, you must typically own an NFT from the M2E project's collection.
Mystery Boxes are a technique to kickstart a project that includes NFTs. When you mint the boxes, you normally get an NFT and sometimes some of the project's tokens. You never know what you'll get when you open a Mystery Box; sometimes you'll get incredibly expensive stuff, and occasionally you'll get lower-value items.
NFTs serve as proof of ownership for both digital and physical items. They usually have a distinct graphic that you can see on Soya Marketplace or in your crypto wallet. They are traded, and the more uncommon they are, the more precious they become.
When your NFT receives an offer or sale, Soya Marketplace notifies you so you don't miss out on key asset information.
NFTs that are one of a kind are those that are fully unique within a collection. Some projects purposefully create some 1/1 NFTs in order to have some more desirable unique products. Depending on the project, these 1/1 NFTs may provide additional usefulness or they may be appealing simply because they are more rare.
Offers are one method of purchasing an NFT. If you like the appearance of an NFT but it's either not for sale or the asking price is greater than you're prepared to pay, you may submit an offer at the price you want to pay. The seller has the option to accept or reject your offer. If they accept your offer, you will receive the NFT for the amount you specified.
When placing a offer, you should have some ONUS in your wallet in case your offer is accepted. If you no longer have the ONUS in your wallet, your offer will become inactive. However, if you return the ONUS to your wallet, the offer will become live again, and the seller may choose whether or not to accept it. So it's a good idea to just make offer for the amount of ONUS you truly want to buy the NFT for, because else you could forget the offer and your purchase might go through when you load up your ONUS again.
ONUS Chain is a blockchain that houses Soya Marketplace, and ONUS is the currency used to conduct transactions on the ONUS blockchain.
An OG is someone who has been involved in a project in the NFT environment for a long period. It's a colloquial phrase with no hard and fast standards for why you could be considered an OG, but it typically means you're trustworthy and helpful to the community.
Play to Earn is a type of DApp in which you may earn rewards by playing the project's game. In order to qualify for the prizes, you must typically own an NFT from the P2E project's collection.
POAPs are a sort of NFT that indicates you have attended an event or had an experience. POAPs are awarded by projects if you participate in a particular event or utilize their platform in a specified way. They can occasionally lead to further benefits in the future.
Ponzinomics is a combination of the well-known terms Ponzi and Tokenomics. Tokenomics is the economic mechanism of an NFT collection, and someone may identify a project as having Ponzinomics if they feel the project is set up in such a manner that fresh money will only flow in to be used to reward the early investors - similar to a classic Ponzi scheme.
An NFT Mint's pre-sale time is a specified number of hours during which only those who are Whitelisted can mint NFTs. This is usually for 24 hours or less before the Public Sale begins, and the NFT mint is occasionally discounted during the Pre-sale. During the Public Sale, anyone with a crypto wallet can mint NFTs.
Your PFP is your profile photo on social media and communication channels such as Twitter, Telegram, and Discord. Many NFT collections are made up of appealing PFP characters, and individuals will utilize the NFT they possess on social media to show they are a member of the community.
P/L is a metric that indicates whether you made or lost money trading NFTs. In simple terms, if you sell your NFTs for more than you paid for them, you will profit. However, some individuals estimate their earnings in dollars, while others measure them in the crypto token with which they purchased the NFT, such as ONUS. So you might be profitable in dollars but lose money in ONUS, or vice versa.
A string of integers (typically 256 characters long) that serves as your signature to approve blockchain transactions.
A raffle is a reward mechanism in which you may win prizes by staking your NFT. In a no-loss NFT Raffle, you may wager your NFTs for a chance to win significant prizes such as additional NFTs.
When you lose a lot of money, you're referred to be rekt. If you invest in anything and the value plummets dramatically, people may accuse you of being Rekt.
The reveal procedure determines which precise NFT you received from the Mint. Sometimes projects may unveil on Mint, which means that you will see all of the item's attributes as soon as you Mint it. Other initiatives could perform the unveiling after a specified amount of time or after the entire collection is entirely Minted.
A Roadmap is a list of future NFT project features. Some projects did not require a Roadmap because all of their features were available from the start, whilst other projects may provide a thorough Roadmap of all future additions they would introduce.
A Rug Pull occurs when a project receives funds and then shuts or abandons the endeavor. Rug Pulls may be extremely detrimental to NFT collectors since you may mint several NFTs and then the developers simply walk away with your money. Soya works hard to identify projects that may Rug and deny them access to the platform. Even if a project creator portrays themselves professionally, there is still a little chance they will Rug. This is why we advise every Soya user to conduct their own research on a project before beginning to collect its NFTs.
A scam is any practice that purposely misleads collectors. This might be a full-fledged Rug Pull, or it could be as simple as a project founder overpromising on their Roadmap and having no intention of implementing the things they have disclosed to potential collectors.
At the top of each page, there is a search box where you can:
Search for the NFT collection by entering the collection name.
Paste the collection's contract address and look for the NFT collection.
Enter a user name to locate the user's profile.
Input the user's wallet address and search for the user's profile.
Your Seed Phrase is the phrase that you receive from your cryptocurrency wallet in order to always have access to your NFTs and crypto tokens. It is critical that you keep your Seed Phrase secure and never disclose it with anybody who asks for it. If you give someone your Seed Phrase, they will have access to all of your cryptocurrency and may simply take it from you. Soya Community Managers and Mods will never ask for your Seed Phrase, so be wary of anyone who asks you to give it to them or complete out a form requesting for it - they are almost certainly a fraud.
Ser is a shortened version of the word sir. Ser is usually used when someone is surprised by your acts or has doubts about your intentions.
Some NFTs have characteristics that complement one another, such as a matching hat and suit. A Set is an NFT that comes with a matching helmet and clothing. Soya considers NFTs with identical trait labels to be Sets.
Shilling is the practice of excessively marketing a project or an individual NFT that you are attempting to sell. Shilling is often discouraged in NFT groups since it becomes boring to hear this type of marketing while attempting to conduct good talks.
Smart Contracts are the programming that allows blockchain interactions to take place. Smart Contracts enable NFT collectors to engage with one another in an untrustworthy way. That is, instead of trusting that when I stake my NFT into a contract, I will be able to retrieve it back, I can actually look at the code - or have an expert look at the code - who can verify that the Smart Contract will behave as it should.
Staking is delivering your NFT to a specific Smart Contract in order to receive a reward, vote, or be eligible to win a prize. Anytime you stake an NFT, it leaves your crypto wallet, but if the Smart Contract is properly written, you may easily remove it when you wish.
The Supply of an NFT project indicates the number of NFTs in the collection. Most NFT collections have a set Supply, which means that after the Mint is done, no more NFTs will be added to the collection. This creates scarcity for collectors and raises the value of your own NFT. Many popular collections, such as PancakeSquad and PixelSweeper, have a fixed supply of 10,000 NFTs. However, many collections have far fewer NFTs.
Sweeping is the practice of purchasing many NFTs from the same collection at the same time. Typically, this indicates that the customer is Sweeping the floor, in that they are purchasing multiple of the cheapest NFTs in that collection at the same time. When a project is swept in this manner, it frequently raises the Floor of the collection and increases the value of everyone's NFTs.
Traits are an NFT's unique traits. Because many NFTs are cartoon characters, common characteristics include skin, eyes, clothing, and so on. Some traits are more rare than others, which causes variance and attractiveness in each collection.
A Transaction is an activity you perform with your cryptocurrency wallet, such as purchasing, staking, or bidding on an NFT. Every transaction includes a Transaction Fee, which is paid to the Blockchain's operators. The transaction fees on ONUS Chain are relatively cheap, and it should only cost you less than a few cents to transact.
The acts you can perform with the NFT you own are referred to as utility. Some NFT collections are merely collected works of art, whilst others provide unique utilities such as the potential to earn prizes, gain access to special discounts, or win other valuable things.
The volume of an NFT collection is a key sign of its health. Trading Volume is tracked when NFTs are bought and sold. The greater the volume of a collection, the more likely it is to be liquid, making it easier for you to sell your NFT if you so want. On Soya Marketplace, The Volume of each collection may be found on each collection page.
Crypto Wallets are pieces of software (and occasionally hardware) that allow you to communicate with blockchains. You gain access to your Wallet by knowing your Seed Phrase, which you must store somewhere secure and confidential and never reveal with anybody.
Meta Mask is the most popular Browser Wallet. Meta Mask is a web browser extension that allows you to purchase and trade NFTs on Soya without the need for any extra software or hardware. Make sure to download the Meta Mask wallet from the official website: metamask.io, since you will need to enter your Seed Phrase or create a new one when you first use it. If you enter your Seed Phrase into a counterfeit version of Meta Mask, a scammer might simply steal your coins and NFTs.
Hardware wallets are little bits of hardware that resemble USB sticks. To engage with a site like Soya, you link your Hardware Wallet to your mobile phone or desktop computer. Hardware wallets are more secure than browser and mobile wallets since they are not online while not linked to your device, making it far more difficult for anyone to steal your crypto. SafePal and Ledger are both reputable Hardware Wallet providers, however like with other wallets, make sure you buy your wallet from the official supplier.
Mobile Wallets are programs that you may download from the Apple Store or Google Play to connect with websites such as Soya Marketplace straight from your phone. We would recommend Metamask as a mobile wallet because it has an outstanding reputation for security and works extremely well with ONUS Chain Dapps like Soya Marketplace.
Wallet address
Also referred to as your "public key." Your wallet address is distinct. This is the address that others will use to send you bitcoin or NFTs. Your bitcoin and NFTs do not reside in your wallet; they exist on the blockchain, under your wallet address. Only the key to that address is stored in your software or hardware wallet.
We're All Gonna Make It and Not Gonna Make It are slang acronyms used to either promote or emphasize undesirable behavior among community members. WAGMI is a very pleasant phrase that signifies that not only the individual collector, but the entire community, will succeed.
The most common phrase used to denote who has been chosen to be eligible for the Pre-Sale of an NFT collection is whitelist. You may typically join a project's Whitelist by connecting with the project's social media channels before to debut or having specific NFTs from other collections.
The Marketplace Cost is the fee imposed by the marketplace to the seller when they sell an NFT. You may check the section to learn more details.