Scarcity

In economics, and particularly when it comes to the price of an asset or good, scarcity is what determines its price. The more a good is available in small quantities, the higher its price. At the other extreme, there are also surplus goods or resources whose price is zero.

Correlated words

Total Supply

Total supply is the quantity of tokens emitted by a crypto project.

Listing

The inclusion of a token or cryptocurrency within an exchange’s market.

Young Club

Young Platform’s clubs allow for access to benefits and discounts.

Utility Token

Utility tokens are cryptocurrencies that enable exchanges of services, benefits or functions within a crypto ecosystem.

Token YNG

Young (YNG) is the Utility Token at the heart of the entire Young Platform ecosystem.

Tokenomics

An economic model that regulates the distribution and use of a project's cryptocurrency.

P2P

Una rete peer-to-peer permette agli utenti di scambiare dati senza intermediari.

NFT

A Non-Fungible Token is a unique asset registered on the blockchain.

Liquidity

How easy it is to convert a cryptocurrency or financial instrument into fiat money or the base currency.

Inflation

The gradual increase in the prices of a market or currency.

IEO

An event hosted by an exchange where a newly created cryptocurrency is sold to distribute it on the market and promote it.

ICO

An event where a newly created cryptocurrency is sold to distribute it on the market and promote it.

Fungibility

It is the property of a means of payment to be divisible into equal parts to facilitate the exchange of goods.

DYOR

Do Your Own Research, don't just take any information from one source at face value.

Delisting

Removing a cryptocurrency from an exchange's offering.

Crowdfunding

Online fundraising open to anyone.

Coin Burning

A way to remove cryptocurrency units from the circulating supply.

Audit

A verification process that ensures the correct functioning of software.

Black Swan Event

An unexpected event that has a significant effect.

Airdrop

A way of distributing a new cryptocurrency on the market

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