Glossary

Plain-English definitions of every crypto term you'll meet around $SKI.

Base

Coinbase's Layer-2 Ethereum network. Cheap, fast, and the home chain of $SKI.

CTO

Community Takeover. When the original dev abandons a token and holders take over operations.

DEX

Decentralised Exchange — a smart contract that lets you swap tokens without an account (e.g. Uniswap, Aerodrome).

CEX

Centralised Exchange — Coinbase, Binance, MEXC. You hand them custody of your coins.

Gas

The transaction fee paid to the network. On Base, gas is fractions of a cent.

Slippage

The difference between the expected price and the actual fill price on a swap.

Liquidity (LP)

Tokens deposited into a DEX pool to enable trading. Burned LP means no one can withdraw it.

Renounced

The contract owner has been set to a null address — nobody can change the contract's rules anymore.

Market Cap

Price × circulating supply. The most important number when comparing coins.

FDV

Fully Diluted Valuation — price × total supply (assumes every token is in circulation).

RPC

The endpoint your wallet uses to talk to the blockchain. Add Base RPC to your wallet to see $SKI.

Wallet

Software (or hardware) that holds your private keys. Common: MetaMask, Rabby, Coinbase Wallet.

Bridge

A protocol that moves assets between chains (e.g. Ethereum mainnet → Base).

Honeypot

A scam contract that lets you buy but blocks selling. Always test with a small amount first.

Rug-pull

When the deployer pulls liquidity or dumps their bag, leaving holders with worthless tokens.

Memecoin

A token whose value comes from attention, culture and community rather than utility.

Schelling Point

The 'obvious' choice everyone converges on without coordinating — why dog memes keep winning.

Ethers / ETH

The native currency of Ethereum and Base. You need ETH on Base to pay gas.

Coinbase Smart Wallet

Coinbase's no-seed-phrase wallet that defaults to the Base network — a major distribution edge for $SKI.