Each cryptocurrency listed on BtcTurk | Global is categorized based on the technologies present in the cryptocurrency world.
This article provides information on technologies such as Web3, DeFi, Gaming, and the Metaverse, as well as the meaning of cryptocurrencies created within these technologies.
TABLE OF CONTENTS
DeFi
What does DeFi mean?
- DeFi stands for Decentralized Finance.
- In blockchain networks, financial systems that operate without a central authority are referred to as DeFi.
- Through DeFi platforms, users can access services such as financial investments, insurance, and banking transactions.
What does DeFi Coin mean?
In service areas such as financial investment and insurance, cryptocurrencies issued by DeFi platforms, which operate in a decentralized structure on the blockchain, are known as DeFi coins.
Can DeFi coins be traded on BtcTurk | Global?
On BtcTurk | Global, you can easily filter and trade DeFi cryptocurrencies by selecting the ‘DeFi’ tab in the category section on the Advanced Trade and Basic Trade screens.
Metaverse
What does Metaverse mean?
- Metaverse refers to a blockchain-based virtual universe. In this virtual world, lands, buildings, avatars, avatar clothing and items, and even names are created in NFT format.
- In Metaverse environments, users can explore the virtual world, purchase items and services, and engage with other communities by participating in events.
What does Metaverse Coin mean?
- In Metaverse environments, all components of the created worlds are stored on the blockchain.
- Transactions within these blockchain-based virtual worlds are conducted using the native cryptocurrencies of the Metaverse.
- Users can purchase ownership of items, usernames, and avatars in Metaverse environments using Metaverse coins.
Can Metaverse coins be traded on BtcTurk | Global?
On BtcTurk | Global, you can easily filter and trade Metaverse cryptocurrencies by selecting the ‘Metaverse’ tab in the category section on the Advanced Trade and Basic Trade screens.
GameFi
What does GameFi mean?
- GameFi is a term derived from the combination of the words “Game” and “Finance.”
- It represents a new financial concept that has emerged from the integration of blockchain technology with the gaming industry.
- GameFi projects run on the blockchain.
- All transactions within the game are recorded on the blockchain, enabling players to attain ownership.
What does GameFi Coin mean?
- In GameFi projects, players can own items such as avatars, tokens, and costumes.
- These items, which players can possess, are represented as NFTs within the game.
- Using the project’s native cryptocurrency, players can purchase in-game assets.
- GameFi projects typically operate on the “Play-to-Earn (P2E)” model, where players earn the platform’s native GameFi Coin as a reward based on their gameplay time or the completion of in-game tasks.
- Items owned by players can be listed for sale on NFT marketplaces.
Can GameFi coins be traded on BtcTurk | Global?
On BtcTurk | Global, you can easily filter and trade GameFi cryptocurrencies by selecting the ‘Gaming’ tab in the category section on the Advanced Trade and Basic Trade screens.
Web3
What does Web3 mean?
- Web 3.0 represents the phase of the internet that utilizes blockchain technology.
- Platforms in Web 3.0 are decentralized.
- The goal of Web 3.0 technology is to transfer control of the internet, which began with Web 1.0 in 1991 and was dominated by centralized companies, into the hands of users.
- In Web 3.0, user data security is prioritized.
What does Web3 Coin mean?
- As user interest grows and the demands of the new era evolve, the number of projects that align with Web 3.0 technology continues to rise.
- Web 3.0 cryptocurrencies are therefore integral components of Web 3.0 projects, involved in transactions and utilizing smart contracts.
- In Web 2.0 applications, the use of fiat currency has been replaced by cryptocurrencies specifically developed for Web 3.0 projects.
Can Web 3.0 coins be traded on BtcTurk | Global?
On BtcTurk | Global, you can easily filter and trade Web 3.0 cryptocurrencies by selecting the ‘Web3’ tab in the category section on the Advanced Trade and Basic Trade screens.
