• Definition: A digital unit of value created on a blockchain, representing different types of assets or rights. • Example: A gaming token that players earn inside a blockchain-based video game.

• Definition: A self-executing program on the blockchain that runs when predefined conditions are met, without intermediaries. • Example: A DeFi lending app where collateral automatically unlocks once a loan is repaid.

• Definition: A type of token that gives holders the right to vote on decisions within a blockchain project or protocol. • Example: Holders of UNI (Uniswap’s token) can vote on protocol upgrades.

• Definition: How easily an asset can be bought or sold without causing large price changes. • Example: Bitcoin has high liquidity because it’s traded worldwide. A small unknown token has low liquidity, making it hard to sell quickly.

• Definition: The degree of variation in an asset’s price over time — how fast and how much it goes up or down. • Example: Bitcoin can rise 10% in a day and fall 8% the next — that’s high volatility.