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
Dutch Auction
A Dutch Auction, also know as an "inverted" auction, starts off with high asking price that decays over time until a pre-determined floor price.
Utility Token
cryptocurrency tokens with specific utilities on a network besides being used as medium of exchange and investment vehicle.
Nonce
Abbreviation for ‘number only used once’ It is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.
Futures
An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.
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