Vitalik Buterin</strong></a>, and the founder of Binance, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-changpeng-zhao-cz/">Changpeng Zhao</strong></a>.&nbsp;</p>\n<p>BUIDL is derived from the word &ldquo;build&rdquo;. It&rsquo;s similar to the term <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hodl/">HODL which is a play on the word &ldquo;hold&rdquo;.</p>\n<p>Crypto enthusiasts that believe in BUIDLing push towards more than just HODLing. They promote proactive contributions.</p>\n<p>It&rsquo;s important to keep in mind that <strong>you don&rsquo;t have to be knowledgeable in programming to contribute</strong>. BUIDLing involves a variety of crypto interactions that are more active than HODLing. 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It was originally created as an <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-erc-20/">ERC-20 token and based on the <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum blockchain. However, it will be allocated to the Binance blockchain. The token was created in 2017 between June 26th and the 3rd of July, by Binance itself. To specify, the token was initially revealed during an <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">ICO (Initial Coin Offering) <strong>crowdfunding campaign</strong>.</p>\n<p>Back then, the token sale gave <strong>100,000,000 BNB</strong> <strong>or 50%</strong> of the entire supply. Also, the issue price was set at 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. 200,000,000 coins were the original total supply of BNB. The total supply decreased due to the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-burning/">burns. This is because Binance uses one-fifth of its profits to burn BNS coins.</p>\n<p>To be specific, BNB is used primarily for paying trading and transaction fees on the Binance exchange. If you wish to purchase directly, you must go to <strong>the Binance exchange</strong>.</p>\n<p>However, the token can be employed in a variety of ways. For instance, there is a <strong>Binance Charity Foundation (BCF) project</strong>. Here, you can make important donations to charity.</p>\n<p>Other examples include using BNB as gas on the Binance DEX. Speaking of the Binance exchange, the token is mostly used as a utility token. This lets you pay lower transaction fees. But keep in mind that the cost structure varies depending on the trading activity within 30 days, and the account tier level.</p>\n<p>There are numerous simple, everyday use cases for the BNB token. For instance, if you want to pay for your hotels and flights, you can also use the BNB token. Even online shopping, buying virtual gifts and making investments are possible.</p>","level":"easy","meta_title":"What is BNB? Definition & Meaning | Crypto Wiki","meta_description":"BNB meaning: BNB - a crypto token based on the Binance blockchain.","meta_keywords":null,"language":"en","created_at":"2022-05-17T14:16:53.000000Z","updated_at":"2022-06-07T11:49:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-bnb"},"prevSection":{"id":963,"original_id":null,"author_id":42,"translator_id":null,"title":"What is Breakout?","slug":"what-is-breakout","section":"B","keyword":"Breakout","status":"published","definition":"a shift in the price of an asset when it rises above a resistance line or falls below a support line.","content":"<p>A breakout is a process in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-technical-analysis-trend-analysis-ta/">technical analysis</strong></a> which occurs when the movement of the price of a certain asset changes. It usually signals that the price will go in the direction of the breakout. Besides that, breakouts are usually followed by <strong>reduced <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volatility/">volatility.

/n

Breakouts can occur as a result of <strong>price pattern breakouts</strong>. There are various pattern breakouts, however, some of the most common ones include wedges, triangles, head and shoulders patterns, or flags. In addition, breakouts can occur as <strong>range or channel breakouts.</strong></p>\n<p>Essentially, the consequences of the breakout depend on how long it is. A lot of traders utilize the same price levels to set their <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-stop-loss-order/">stop-loss orders</strong></a> when the levels are well defined. When these stop orders start happening, a domino effect might occur. This would most probably result in a quick price shift.</p>\n<p><strong>Breakout trading</strong> can be used in almost any trading style. The logic behind trading based on breakouts is not complicated. If the price is held within a range by support and resistance levels, a greater move might be signaled by the break of that range.</p>\n<p>Based on the direction of the move, a breakout can be an indication to buy or sell. Once the price has gone outside of the established support or resistance range, a breakout trader can choose a position he wants to enter. He could either enter a <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-longing-long-position/">long or a <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-short/">short position.</p>\n<p>However, breakouts are <strong>subject to interpretation. </strong>Different traders might interpret support and resistance levels differently. Besides, the chart patterns that serve as the foundation for breakouts are also very subjective.</p>\n<p>Though keep in mind that a <strong>fakeout</strong>, also known as a false breakout, could occur as well. It usually happens if the price breaks outside of a set range but immediately returns back to it. Some traders wait for the confirmation of the breakout on higher timeframes before entering a trade as a safeguard against fakeouts.</p>","level":"medium","meta_title":"What is Breakout? Definition & Meaning | Crypto Wiki","meta_description":"Breakout meaning: Breakout - a shift in the price of an asset when it rises above a resistance line or falls below a support line.","meta_keywords":null,"language":"en","created_at":"2022-05-17T13:21:22.000000Z","updated_at":"2022-06-07T11:49:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-breakout"},"currentChapter":"B","currentSection":"what-does-buidl-mean","chapterTitle":"B","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-does-buidl-mean","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">

Handbook Cover Page
Crypto Terms: Letter B

What does BUIDL mean?

BUIDL MEANING:
BUIDL - community contributions to the entire blockchain ecosystem via active engagement as opposed to passive HODLing.
Easy
1 minute

Let's find out BUIDL meaning, definition in crypto, what does BUIDL mean, and all other detailed facts.

BUIDL defines conscious and active engagement in the crypto space in order to better the platforms and encourage adoption. 

The term has been used by the co-founder of Ethereum, Vitalik Buterin, and the founder of Binance, Changpeng Zhao. 

BUIDL is derived from the word “build”. It’s similar to the term HODL which is a play on the word “hold”.

Crypto enthusiasts that believe in BUIDLing push towards more than just HODLing. They promote proactive contributions.

It’s important to keep in mind that you don’t have to be knowledgeable in programming to contribute. BUIDLing involves a variety of crypto interactions that are more active than HODLing. For example, you can frequently use your crypto wallet, employ smart contracts when making agreements, or participate in beta testing. 

Don’t forget to play to your strengths. If you’re creative, you can write article pieces and post content online. If you’re a social butterfly, you can stream yourself playing blockchain games and interact with the community.

All of these activities help with improving the crypto space while also paving the way for cryptocurrencies to become widely accepted.
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