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Illiquid

Definition:

When a crypto or NFT project turns into a graveyard. This refers to when sales have stopped and the momentum is gone. It can also refer to when you don’t have any ETH to spend on NFTs. Or you own way too many NFTs!

Degen Chat

“Are you buying into the new Neo Toyko project by @zssbecker? Nope, I’m illiquid at the mo.”

Related Terms:

Dictionary: Fractionalise
Dividing ownership of an asset such as an NFT or a Bitcoin into smaller fractions. As an owner, can help make illiquid jpegs liquid. As a buyer can be a great way to get access to a community or an alpha group.
Dictionary: Noob
Slang for a newbie, which is slang for someone new to the crypto space and is inexperienced. Whilst noobs are ideal for dumping illiquid bags of crypto or NFTs on, we must protect them and guide them in the Web3 ways. We were all noobs once and need their participation in the crypto Ponzi markets.

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