Initial Bounty Offering [IBO]: Defined in CryptoCurrency

Initial Bounty Offering [IBO]: Defined in CryptoCurrency

An Initial Bounty Offering or IBO is the limited-time process by which a new cryptocurrency is made public and distributed to people who invest their skills and time to earn rewards in the new cryptocurrency. 

Unlike an Initial Coin Offering where the coins are sold, an IBO requires more mental commitment.

Inflation: Defined in CryptoCurrency

Inflation: Defined in CryptoCurrency

Inflation is the yearly increase in the prices of products and services, and is measured as a percentage. In other words, increasing inflation means your $5 bill will purchase fewer and fewer candy bars. 

Government issued money like US dollars are created all the time, there is no limit, and the creation of new money creates inflation. 

Many cryptocurrencies are set up in the same way where brand new coins are created regularly.

Initial Bounty Offering [IBO]: Defined in CryptoCurrency

Initial Bounty Offering [IBO]: Defined in CryptoCurrency

 

An Initial Bounty Offering or IBO is the limited-time process by which a new cryptocurrency is made public and distributed to people who invest their skills and time to earn rewards in the new cryptocurrency. 

Unlike an Initial Coin Offering where the coins are sold, an IBO requires more mental committment.

Input: Defined in CryptoCurrency

Input: Defined in CryptoCurrency

Input is defined as cryptocurrency being received into your digital wallet. 

Cryptocurrency coming into your digital wallet is known as an “input”.

Let’s say you want to spend 10 bitcoin, if you have 3 inputs (3, 9, and 15) then the first two are combined (3+9=12) and both are sent out as outputs. 

After transaction fees are spent, the remaining balance (about 2 bitcoin) is sent back to you as an input.

Your input is always another’s output. And reversely, your output is always another’s input.

Instamine: Defined in CryptoCurrency

Instamine: Defined in CryptoCurrency

 

Instamining means new cryptocurrencies, for a short time after launch, are very easy to create. 

The purpose of instamining is to accumulate a large quantity of the available supply early on and later sell it for a big profit. 

Mining is a computer process of recording and verifying information on the digital record known as the blockchain. 

Mining usually also involves computers working very hard at solving a math problem. The first computer to solve this problem would discover a new block and could record information on the blockchain. This earned them a reward in brand new digital money plus fees paid for each transaction.

Invest: Defined in CryptoCurrency

Invest: Defined in CryptoCurrency

 

Invest is the process of spending money on something with the expectation that it will increase in value later and can be sold for more money.

JOMO: Defined in CryptoCurrency

JOMO: Defined in CryptoCurrency

 

JOMO is short for Joy of Missing Out. This is the pleasure of doing what you are doing and not worrying about anything worthwhile you might be missing out on.