REKT
By CoinGecko | Updated on Mar 03, 2020
A shorthand slang for “wrecked”, typically describes bad trades that results in losses.
Outside of the crypto trading world, rekt is essentially the slang used to describe a bad situation.
Related Terms
Cold Wallet
Wallets that are offline and require physical access to certain devices (eg. hardware wallet, paper wallets)
Hot Wallet
It is a tool that store your cryptocurrencies and always connected to internet
Rug Pull
Sudden removal of liquidity which typically leads to asset prices crashing from the lack of liquidity to absorb buy/sells.
STO
Security Token Offering (STO) refers to a public offering for tokenized digital securities, or in short security tokens traded in cryptocurrency exchanges.
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