Treasury
Funds or assets held by a protocol, DAO, or project to support operations, development, and ecosystem growth. How a treasury is managed and spent is a key part of evaluating a project's sustainability and governance.
Mike Starr
Founder, CryptoWizardTools · M.S. Organizational Management
Last reviewed: August 2026
Related Terms
Order Book
A real-time list of outstanding buy and sell orders for a specific trading pair on an exchange. The order book shows the supply and demand for an asset at various price levels. Centralized exchanges use order books; most DEXs use AMMs instead.
Paper Hands
Slang for an investor who sells their position at the first sign of a price decline, demonstrating weak conviction.
On-Ramp
A service or method that converts fiat currency (like USD) into cryptocurrency. Exchanges, payment apps, and debit-card purchases are common on-ramps. The ease, cost, and availability of on-ramps vary by country.
Peer-to-Peer
A decentralized network where participants interact directly with each other without intermediaries.
Paper Trading
Simulated trading using virtual money to practice strategies without risking real funds. Paper trading is a useful way for beginners to learn how markets work and test trading ideas before committing actual capital.