Find out the meaning of cryptocurrency and blockchain’s hidden language with the Coinlympus glossary of terms.
- An “airdrop” refers to a method of distributing cryptocurrency to the public, via the fact that they own certain other tokens or wallets on a particular blockchain. This is usually done for marketing purposes to incentivize the holding of other tokens or induce them to become a participant in the blockchain network.
Airdrops usually work by requiring users to hold a certain amount of tokens in a publicly discoverable wallet at a predetermined time (snapshot time).
The token project conducting the airdrop would then use the snapshot to distribute the airdrop tokens accordingly.
- All-Time-High (ATH)
- “All-Time High” (ATH) refers to the highest price (or market cap) that an asset has reached since its listing or inception. As the price used to define the “all-time high” is the last done, it just refers to the highest price a trader paid for an asset, regardless of how much he bought of the asset.
The all-time high is often quoted in financial assets globally, as it shows the theoretical potential” of the asset. That said, there is no guarantee that the asset will trade back at its all-time highs again, and this metric is more often quoted as a vanity metric.
- Data Privacy
- Data privacy refers to the area of data protection and security that is responsible for the handling of sensitive data, including their notice, consent, and regulatory requirements.
Note that data handling includes three distinct categories: traditional data protection (backup and file restoration), data security, and data privacy.