Our Cryptounit Glossary helps you decipher Cryptounit-related terms back into plain English.
Academy of a Private Investor – An extremely effective training system for preparing Private Investors. The goal of the project is giving you full understanding of the science of investing.
Bear Market – A bear market is defined as a downward tendency in a market's prices.
Blockchain – Blockchain is a continually growing digital database. A list like this is composed of numerous data blocks that are organized chronologically, linked, and protected by cryptographic proofs.
Bull Market – A financial market is said to be in a bull market when prices are increasing or are anticipated to rise.
Centralized Crypto Exchange – A Centralized Crypto Exchange (CEX) is a company that provides a variety of services, including a crypto trading platform, account services, and customer support.
Cold Wallet – A secure method of storing your cryptocurrency completely offline.
Collateral – Collateral is an asset offered as a guarantee to obtain something else.
CRU – CRU is a collateral token offered by the Cryptounit blockchain.
Cryptocurrency – Cryptocurrency, abbreviated as crypto, refers to any digital form of money that employs cryptography to safeguard transactions such as buying, selling, transferring, and staking.
Cryptounit Blockchain – Based on EOSIO, Cryptounit Blockchain is designed to enable vertical and horizontal scaling of decentralized applications linking the real economy and decentralized finance (DeFi).
CRU utility token
Decentralized Exchange (DEX) – A decentralized exchange is a digital currency exchange that allows users to acquire cryptocurrencies directly without the involvement of banks, government agencies or other intermediaries.
Decentralized Finance (DeFi) – Decentralized Finance, DeFi for short, is a new means of providing financial services to the public, generally without the need of a middleman.
Digital Currency – Digital currency is form of currency that is exclusively available in digital or electronic form. It is also known as electronic or digital money, electronic currency, or cybercash.
Dragon Man – "Dragon Man" is a movie project created by Nurlan Mamakeev's team with the support of the NEEW community. It is the first ever NFT and web3.0 film to hit the market.
EvoScent – EvoScent is one of the projects of the Global Investment Portfolio Cryptounit.
Exchange – An Exchange is a marketplace where digital currencies and other financial instruments can be traded.
Fiat – Fiat money is a government-issued currency that is not backed by a tangible commodity like gold or silver, but rather by the government that issued it.
Genius of Finance – A game training that aims to educate people on financial literacy.
Global Unit Pay – Global Unit Pay is an advanced blockchain-based Swiss based payment system.
Hot Wallet – Wallets are divided into two types: hot and cold. A Hot Wallet is an Internet-connected cryptocurrency wallet.
Innovation Basalt Technology – The company Innovation Basalt Technology manufactures basalt fiber with stable characteristics and basalt fiber-based composites using the innovative basalt technologies. 50% of the Innovation Basalt Technology Shares are in the Global Investment Portfolio Cryptounit.
Know Your Customer (KYC) – Know Your Customer (KYC) or Know Your Client regulations are imposed by governments and regulatory agencies on financial institutions and service providers to identify and verify the identities of their customers.
Ledger – A ledger is either a physical book or a digital computer file in which monetary and financial transactions are noted down and recorded - either as debits or credits.
Liquidity – Liquidity is the ability to sell or acquire an asset without significantly changing the market price. The term also indicates the ease with which an asset can be converted into fiat currency.
Market Capitalization (Market Cap) – In the crypto industry, Market Capitalization (Market Cap) refers to a metric that measures the relative size of a cryptocurrency.
Mining – Crypto mining is the process of verifying cryptocurrency transactions using computer hardware in order to create new blocks. In exchange, miners earn rewards. It is also the process through which new bitcoin or some altcoins are created.
New Digital Evolution (NDE) – The NDE, based on modern blockchain technology, uses tokens as a digital guarantee. It is a synergy between existing digital technologies and the traditional economic world.
Non-fungible token (NFT) – Non fungible tokens (NFTs) are cryptographic tokens that represent a unique digital or physical asset. Within a blockchain network, they serve as verifiable proofs of ownership.
Off-Chain – A transaction that is processed outside the blockchain network with an increased speed and reduced cost.
On-Chain – On-Chain Transactions, as the term implies, refers to blockchain transactions that are on the blockchain and have been verified by miners or validators.
Peer-to-Peer (P2P) – A distributed networking or computing architecture in which two users connect directly with each other without the involvement of a third party intermediary.
Private Key – A private key is used to identify the owner of a given cryptocurrency wallet. It acts much like a password, and anyone with a private key can access the funds from the associated wallet address.
Proof of Stake (PoS) – A consensus mechanism used by blockchains to ensure correct data is stored to the blockchain. In proof-of-stake blockchains, participants who deposit an amount of cryptocurrency to the network (staking) are given the opportunity to help generate new blocks and earn block rewards.
Proof of Work (PoW) – A method of adding new blocks of transactions to the blockchain of a cryptocurrency. In this scenario, the work consists of creating a hash (a long string of characters) that matches the target hash for the current block.
Public Key – A public key is a piece of cryptographic code that allows users to receive cryptocurrency into their accounts. The tools needed to ensure the security of the crypto industry are both the public key and the private key.
Roadmap – A high-level visual summary that helps map out the vision as well as the direction of a specific product.
Security Token Offering (STO) – STO is a specific type of public offering where tokenized digital securities are sold on security token exchanges. Tokens can be used to trade real financial assets, and use blockchain virtual ledger systems in order to store as well as validate the token transactions.
Seed Phrase – The seed phrase refers to a generated list of 12 to 24 words, in a specific order, used by crypto wallet users to regain access and control of their funds on the blockchain. This also means that any third party who knows your recovery seed can potentially move your funds to another wallet address.
Smart Contract – A computer protocol that executes itself on a blockchain when certain conditions are met, without the need for human intervention or an intermediary. Once executed, the contract cannot be changed or undone.
Soulbound Tokens – Are digital identification tokens that reflect the characteristics, qualities, and accomplishments of a person or entity.
Stablecoin – A cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. A stablecoin pegs its value to some other non-digital currency or commodity.
Stobox – A trusted leader in securities tokenization, a process that converts ownership into security through blockchain security tokens representing tangible assets.
Synthetic Diamond Production – The investment in the production of synthetic diamonds is part of the Global Investment Portfolio Cryptounit.
USDU stable coin
Token – A unit of value on a blockchain that usually has some other value proposition besides just a transfer of value (like a coin).
Tokenomics – Tokenomics, short for "token economics" describes how a token is used inside the project ecosystem or how the token will follow a monetary policy as the project grows over time.
uGain – Part of the Global Investment Portfolio Cryptounit, uGain is a digital platform for shopping malls, as well as small and medium-sized businesses, designed to bring entrepreneurs and consumers together.
UGPay Group AG – UGPay Group AG is a company under the Swiss jurisdiction that invests in many sectors of the economy.
UnitEx Exchange – A trading platform, registered in Estonia according to strict Estonian financial regulations. UnitEx has obtained a Virtual Currency Service Provider license from the Financial Intelligence Unit. The license covers exchange operation of crypto-fiat and crypto-crypto, as well as cryptocurrency wallet management.
Unitsky String Technologies – An international engineering company headquartered in Minsk, Belarus. Since 2014, the company has specialized in the design and construction of innovative electric transportation systems. UGPay Group invested in Unitsky String Technologies, and shares are part of the Global Investment Portfolio Cryptounit.
UNTB – UNTB is a utility token created to work on the Cryptounit blockchain.
"Urals Gold" Project – The gold mining investment project of UGPay Group represents the Urals Gold ore assets located in the Sverdlovsk region of the Russian Federation.
USDU – A stablecoin backed by the US dollar which operates on the Cryptounit blockchain.
Utility Token – Utility tokens are tokens that are designed specifically to be able to help people use something. The use of utility tokens is limited to the particular ecosystem that the utility token is designed for.
UNTB utility token
Validator – A validator is someone who pays for the chance to validate transactions and earn crypto on a proof of stake blockchain.
Wallet – A place where cryptocurrency users can store, send and receive digital assets. Your wallet must contain seeds, keys, and addresses to function properly. Wallets can be online (hot wallet) or offline (cold wallet).
WCRU – WCRU security tokens are digital shares of the Global Investment Portfolio CryptoUnit and reflect a proportionately corresponding share and the right to participate in the distribution of profits.
Whitepaper – A document released by a crypto project that gives investors technical information about its concept, and a roadmap for how it plans to grow and succeed.
WCRU security token
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