Market Terminology
A glossary of Web3 and trading terms to help you navigate the platform.
Token
Web3A digital asset issued on a blockchain representing a unit of value, utility, or ownership.
$MUSI
PlatformThe native token of the Musiwallet ecosystem, used for trading, staking, and rewards.
Market Cap
TradingTotal value of a token: current price multiplied by circulating supply.
Liquidity Pool
Web3A pool of tokens locked in a smart contract that enables decentralized trading.
APY
StakingAnnual Percentage Yield — the yearly return on staked assets, including compounding.
Staking
StakingLocking tokens for a period to earn rewards and support network operations.
Maker Order
TradingA limit order that adds liquidity to the order book, usually with lower fees.
Taker Order
TradingA market order that fills instantly against existing liquidity, usually with higher fees.
Wallet
Web3A digital tool that stores the keys used to sign blockchain transactions.
Gas
Web3A fee paid to blockchain validators to process a transaction.
Dividend
PlatformA share of artist revenue distributed to token holders periodically.
Bear Market
TradingA market condition where prices are falling, typically 20%+ below recent highs.
Bull Market
TradingA market condition where prices are rising over a sustained period.
KYC
PlatformKnow Your Customer — identity verification required for regulated trading.
Slippage
TradingThe difference between expected and executed price on a market order.
Smart Contract
Web3Self-executing code on a blockchain that automates agreements without intermediaries.
Governance
PlatformA system where token holders vote on platform decisions and proposals.
Circulating Supply
TradingThe number of tokens currently available and trading in the market.