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A Summary of

Token lexicon

by
Billy Rennekamp
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Crypto Buzzwords and Their Meanings

  • ERC20 Token: set of rules a solidity developer must follow when creating tokens
  • ERC 721: set of rules a solidity developer must follow when creating NFTs
  • Similar to ERC20, except each token represents an individual asset
  • Approve()/TransferFrom(): both allow 3rd parties to manage some portion of a user's assets
  • Bonded Curve Token: Continuously mintable token
  • Curation Market: market where price of a token can represent the popularity of a topic
  • Liquid Token: Bancor's name for Bonded Tokens
  • Market Maker: by encouraging use of Bancor Network Token as a common denomination, exchange between different Liquid Tokens is allowed
  • Token Curated Registry: crypto-economic primitive
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