Woodstock Blog

ERC-20

  • January 5th, 2021
  • posted in -

Ethereum Request for Comments is a token standard agreed upon by the Ethereum developer community. It specifies that a token must have functions like ownedBy, totalSupply etc. ERC-20 and ERC-721 are two widely used token standards.

Whale interference

  • January 5th, 2021
  • posted in -

Some market players buy assets at exorbitant prices which skews the market data upwards

US$ 19.25

  • January 5th, 2021
  • posted in -

7-day average, as of 4-Jan-2020

Ether

  • January 5th, 2021
  • posted in -

The native token for Ethereum blockchain, like Bitcoin is the native token for the Bitcoin network

Collectible sets

  • January 5th, 2021
  • posted in -

Combine NFTs to unlock prize

Non-fungible

  • January 5th, 2021
  • posted in -

Non-interchangeable, i.e, unique

Fake pre-sale hype

  • January 5th, 2021
  • posted in -

A pre-sale is an extremely important moment in the life of a project, this is where the project validates its market fit, market traction. Some projects buy their own assets to generate artificial pre-sale hype.

Wash trading

  • January 5th, 2021
  • posted in -

A process whereby a trader buys and sells an asset for the sole purpose of feeding misleading information to the market. It could be to inflate the price or to show high trading volumes.

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