common-close-0
BYDFi
Trade wherever you are!

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

avatarAzharhameedDec 29, 2021 · 3 years ago3 answers

Can you explain the meaning of FPSL in relation to cryptocurrency? I've come across this term and I'm not sure what it stands for or how it is relevant to the cryptocurrency industry.

What is the meaning of FPSL in the context of cryptocurrency?
Cryptocurrency
FPSL
Meaning

3 answers

  • avatarDec 29, 2021 · 3 years ago
    FPSL stands for 'First Price Sealed Bid' in the context of cryptocurrency. It refers to an auction mechanism where participants submit their bids without knowing the bids of other participants. The highest bidder wins the auction and pays the price they bid. This mechanism is used in certain cryptocurrency token sales to ensure a fair and transparent process.
  • avatarDec 29, 2021 · 3 years ago
    FPSL is an abbreviation for 'First Price Sealed Listing' in the cryptocurrency industry. It is a listing method where the first buyer to place an order at a specific price gets the listing. This method is used by some cryptocurrency exchanges to introduce new tokens to the market.
  • avatarDec 29, 2021 · 3 years ago
    In the context of cryptocurrency, FPSL refers to 'First Price Sealed Listing'. It is a listing method used by some exchanges where the price of a newly listed token is determined by the first buyer's bid. This method aims to create a fair and efficient market for new tokens.

Related questions

common-arrow-bottom-0Load 5 more related questions
common-search-0

Related Tags

Hot Questions