Basic Crypto Terms you Should Know

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Ok, boomer. Lets learn some crypto terms today.

Starting simple, we have cryptocurrency. Some people call it tokens, coins, crypto — you get the idea. Crypto is just magic internet dollars. It’s kinda like Monopoly Money. Anyone can make one, but only a select few are actually profitable.

NFTs are the second major term flung around in the crypto space. NFTs stand for Non-Fungible-Token. Basically, its something that there can be only one of. Take the deed to your house for instance. There can only be one deed to the house. A lot of times NFTs are artwork that people collect. In some instances, like the Plantation, NFTs can be used to boost yields from farms.

Farming, or sometimes called staking, is a way for your crypto to earn more crypto. By providing liquidity to other traders, you are benefitting yourself, them, and the platform you are using. It’s a win-win-win all around.

One of the best ways to get in ahead in crypto is to get in early. Visit plantationdefi.com to learn more about getting in on a new and emerging product.