Terms

A seed, or wallet seed is a secret phrase that should never be communicated to anyone, as it is used to restore a wallet into a new computer or application, taking absolute ownership of it and all of the assets there.

Staking makes reference to the action of depositing some tokens to contribute with the number of tokens as participants into some action, for example, for mining other crypto currencies. By staking, you are contributing to the network and are able to earn rewards. Some recommendations: DYOR… in the end it’s nothing else than your assets at risk. Avoid the first set of validators, that will only give more power and destroy decentralization. Many projects airdrops will exclude your address if you delegate via exchanges or if you delegate to top validators participating in the projects. Some networks like Sifchain have impossed a maximum validator voting power to help decentralize the network and improve stability. By delegating to a validator you will increase its voting power and get a cut of the commissions they will get… Beware of the commission and the max rate change… some people delegate to validators which can change from one day to the next one the commission rate in 50%. Do not delegate to validators offering 0%1 commission… Some validators like Merak, provide autocompounding of rewards via reStake, automating the task for you and also paying the claim + stake fees. Check for more info at reStake Wallet is usually done via a wallet like Keplr on Cosmos, or via some web3 applications. ...

A testnet is a phase of a project where a set of software nodes can help on the network to validate the conceptual ideas and practical operations. By participating in a testnet via resources (VPS servers, etc), the participants might get some tokens or cryptocurrencies in exchange, allowing them to become early investors without actually paying for the tokens.

A TGE is a Token Generation Event, moment when the token is created and contract deployed for a crypto project, usually, at that moment or shortly after it, is possible to start trading.

Token is the symbol for a cryptocurrency and it’s associated with a contract to be shown on a wallet like metamask or other wallets.