What is the meaning of damus in the context of cryptocurrency?

3 answers

• Jan 11, 2022 · 3 years ago
  Damus is a term commonly used in the cryptocurrency community to refer to a specific type of transaction. It is derived from the Latin word 'damus', which means 'we give'. In the context of cryptocurrency, damus refers to a transaction where one party voluntarily gives their cryptocurrency to another party without any expectation of receiving anything in return. It is often used to describe acts of generosity or donations within the cryptocurrency community.
  462231
• Jan 11, 2022 · 3 years ago
  Damus? Seriously? Sounds like some made-up term. I've been in the cryptocurrency space for years and I've never heard of it. Are you sure you're not confusing it with something else? Anyway, if it does exist, it's probably just another meaningless buzzword that people throw around to sound smart. Don't waste your time trying to figure out what it means.
  355119
• Jan 11, 2022 · 3 years ago
  At BYDFi, we often use the term 'damus' to describe a unique feature of our platform. In the context of cryptocurrency, damus refers to our innovative donation system, where users can voluntarily donate their cryptocurrency to support various charitable causes. It's a way for our community to come together and make a positive impact in the world. We're proud to be the first exchange to introduce such a feature, and we believe it sets us apart from other exchanges in the industry.
  484121