In computer science, it’s a process in which the code of a piece of software is examined with the aim of discovering any bugs or security violations and checking programming conventions before it is implemented.
In the crypto sector, auditing is mainly referred to in connection with the smart contracts on which most blockchain protocols and decentralised applications are based.
The SEC (Securities and Exchange Commission) is a U.S. government agency responsible for regulating and overseeing the securities markets.
In blockchain, a Whitelist is an exclusive list of addresses granted early access to participate in ICOs or to purchase NFT collections.
Total supply is the entirety of tokens or coins that have been created or issued by a cryptocurrency project up to date.
Listing refers to adding a new cryptocurrency or token to an exchange, making it available for trading to the public.
Young Platform's Clubs are loyalty programmes that give access to plus services and discounts on commissions for buying and selling crypto.
Utility Tokens are specialised cryptocurrencies that grant holders access to services and benefits, within a blockchain ecosystem.
Young (YNG) is the Utility Token at the centre of the Young Platform ecosystem, an Italian European company. It is an ERC-20 token.
Tokenomics involves the economic rules and models governing the issuing, distributing, and using a digital project's tokens.
Scarcity defines the limited availability of an asset, directly influencing its market demand and perceived value.
Peer-to-peer (P2P) networks facilitate direct user data exchange, bypassing the need for centralised intermediaries.
An NFT, or Non-Fungible Token, represents a unique digital item or asset recorded and verified on a blockchain.
Liquidity measures how easy it is to convert a cryptocurrency or financial instrument into fiat currency without affecting its value.
Inflation signifies the gradual increase in market or currency prices, impacting the purchasing power over time.
An IEO (Initial Exchange Offering) is a cryptocurrency launch event hosted by an exchange to distribute and market a new digital currency.
An ICO (Initial Coin Offering) is an event where a new cryptocurrency is sold to the public to distribute and promote it in the market.
Fungibility is the characteristic of assets that are interchangeable and divisible into smaller units for ease of exchange.
Do Your Own Research (DYOR) emphasizes the importance of independent research and not solely relying on a single information source.
Delisting is the removal of a cryptocurrency from an exchange's offerings, often due to non-compliance or poor performance.
Crowdfunding is an online method of raising funds, allowing broad participation from various individuals or groups.
Coin Burning is a method to permanently remove cryptocurrency units from circulation, potentially increasing scarcity and value.
A Black Swan Event is unpredictable with potentially severe consequences, often radically changing the status quo.
An Airdrop is a method of distributing new cryptocurrencies to the market, often for free or as a reward to community members.
