smart contract</a> platform</strong>. It emerged from the Set Protocol that enables the development and trading of baskets as tokenized assets. It doesn’t need to write any code.</p>\n<p>Furthermore, TokenSets was created to be easily understandable and usable for everyone, even those that are completely new in the crypto and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-defi/">
DeFi world. It allows <strong>automated <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-portfolio/">portfolio management</strong> of several crypto assets since it is a decentralized protocol.</p>\n<p>The founder of TokenSets, <strong>Inje Yoe</strong>, indicates that the Set Protocol is <em>“smart enough to enter and exit out of positions at the right times based on market conditions, without the emotional risk of pouring hours of time starting at charts for buy and sell signals.”</em></p>\n<p>If a person wishes to create a portfolio on TokenSets, they must go through a three-step process. Firstly, a user has to <strong>sign up on TokenSets</strong>. Then, he/she has to <strong>add <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">ETH to their account</strong>. You can purchase ETH on exchanges like <a href=https://www.bitdegree.org/"/crypto/goon/binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance</strong></a> or <a href=https://www.bitdegree.org/"/crypto/goon/bybit/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Bybit</strong></a> and then just transfer it to TokenSets. Lastly, they have to <strong>configure the parameters</strong> for a Set they decide to utilize.</p>\n<p>It is rather simple to configure because there are just a few elements that must be chosen by the user. Since TokenSets does all of the work, the individual is not required to put in a lot of work, as is the situation with many other apps.</p>\n<p>Users provide parameters for a Set, and <strong>the Set then trades, rebalances, and implements strategies to achieve the user's objectives</strong>. Besides, after creating a portfolio, a user is able to employ several options such as managing, selling, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-rebalancing/">
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Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your 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Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug 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Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":935,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Type Checking?","slug":"what-is-type-checking","section":"T","keyword":"Type Checking","status":"published","definition":"is a verification process in programming languages.","content":"<p><strong>Type Checking</strong> is a process that <strong>establishes whether a program operation is compliant with the type declaration rules of the programming language</strong>. </p>\n<p>In most cases, type checking is done by a compiler. This compiler is able to check and verify whether all operations hold the pre-defined number of arguments and data types.</p>\n<p>Type checking is categorized into two systems: static and dynamic.</p>\n<p><strong>Static Type Checking</strong></p>\n<p>Static type checking offers reliability, security, and saving time since it removes the need to run your program when type checking.</p>\n<p>The main advantage of this category includes preliminary error detection. This means that you don’t have to run your program in order to detect said errors. Everything is done beforehand.</p>\n<p><strong>A compiler starts the type checking process which is done at compile time</strong>. </p>\n<p>Let’s take the C programming language as an example. In this case, you can run your program without declaring the variables within it. However, since you don’t have to declare the variables, the compiler won’t be able to complete its process and will display an error message. In turn, your program will remain static.</p>\n<p><strong>Dynamic Type Checking</strong></p>\n<p>Dynamic type checking only <strong>starts at either runtime or execution time</strong>. Therefore, it’s different from the static type checking which occurs at compile time. </p>\n<p>You can write programs without having to worry about having any crucial knowledge about types.</p>\n<p>Let's have a look at <strong>one of the forms of type checking process:</strong></p>\n<ul>\n<li>Each variable, parameter, and function is assigned a data type;</li>\n<li>Data types determine what kind of operations can be executed;</li>\n<li>Type checking whether the operations are correct.</li>\n</ul>\n<p>Unlike the static type checking, where type checking is always performed by the compiler, the <strong>dynamic type checking process varies by the programming language</strong>. For instance, PHP programming language doesn’t require a compiler while C programming language does.</p>\n<p>Additionally, there are such programming languages where programmers are given the ability to take values at run time and associate them with arbitrary properties. Or, if the programming language allows, programmers can define new types to be used within their program algorithms. </p>","level":"medium","meta_title":"What is Type Checking? Definition & Meaning | Crypto Wiki","meta_description":"Type Checking meaning: Type Checking - is a verification process in programming languages.","meta_keywords":null,"language":"en","created_at":"2022-04-12T07:18:15.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-type-checking"},"prevSection":{"id":924,"original_id":null,"author_id":42,"translator_id":null,"title":"What are Transaction Triggers?","slug":"what-are-transaction-triggers","section":"T","keyword":"Transaction Triggers","status":"published","definition":"triggers that group various transactions and execute them if certain conditions are met.","content":"<p>Let’s begin with the fact that a blockchain is a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-distributed-ledger/">
decentralized distributed ledger</strong></a> that is made up of a series of discrete blocks of data. Each block contains information on transactions that occurred within a specific time period, as well as a unique identifier (<a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-hash/">hash) that allows it to be distinguished from other blocks in the chain.</p>\n<p>Only when the blockchain has been updated to reflect the transactions on the public ledger, they are considered genuine. Depending on the chain, transactions must be certified by a number of network participants known as miners or <strong>validators</strong>. </p>\n<p>Therefore, transaction triggers can be set up to group various transactions and execute them when certain conditions are met. This is convenient and provides <strong>assurance</strong> for users in various ways. For instance, users can create a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-stop-loss-order/">stop-loss order</strong></a> to cancel their positions on decentralized platforms when the prices of the assets they have borrowed fall below a specific limit. This way they can <strong>mitigate losses</strong> and manage risks.</p>\n<p>Since cryptocurrencies are <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volatility/">volatile assets with prices that vary too quickly for consumers to react, this can be quite useful. Especially during <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bear-market/">bear markets</strong></a>. Besides, it <strong>eliminates the need for constant monitoring</strong>, which can be both impractical and time-consuming.</p>\n<p>Users can also set transactions triggers in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-bull-market/">bull markets</strong></a>. For example, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-limit-order/">limit orders</strong></a> on <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralized-exchange-dex/">decentralized exchanges</strong></strong></a> can be used to make a profit when the price of cryptocurrency rises to predetermined levels.</p>","level":"easy","meta_title":"What are Transaction Triggers? Definition & Meaning | Crypto Wiki","meta_description":"Transaction Triggers meaning: Transaction Triggers - triggers that group various transactions and execute them if certain conditions are met.","meta_keywords":null,"language":"en","created_at":"2022-04-11T10:13:09.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-transaction-triggers"},"currentChapter":"T","currentSection":"what-is-tokensets","chapterTitle":"T","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-tokensets","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter T
What is TokenSets?
TokenSets MEANING:
TokenSets -
a Set Protocol-based platform for portfolio administration.
Let's find out TokenSets meaning, definition in crypto,
what is TokenSets,
and all other detailed facts.
TokenSets refer to a new smart contract platform. It emerged from the Set Protocol that enables the development and trading of baskets as tokenized assets. It doesn’t need to write any code.
Furthermore, TokenSets was created to be easily understandable and usable for everyone, even those that are completely new in the crypto and DeFi world. It allows automated portfolio management of several crypto assets since it is a decentralized protocol.
The founder of TokenSets, Inje Yoe, indicates that the Set Protocol is “smart enough to enter and exit out of positions at the right times based on market conditions, without the emotional risk of pouring hours of time starting at charts for buy and sell signals.”
If a person wishes to create a portfolio on TokenSets, they must go through a three-step process. Firstly, a user has to sign up on TokenSets. Then, he/she has to add ETH to their account. You can purchase ETH on exchanges like Binance or Bybit and then just transfer it to TokenSets. Lastly, they have to configure the parameters for a Set they decide to utilize.
It is rather simple to configure because there are just a few elements that must be chosen by the user. Since TokenSets does all of the work, the individual is not required to put in a lot of work, as is the situation with many other apps.
Users provide parameters for a Set, and the Set then trades, rebalances, and implements strategies to achieve the user's objectives. Besides, after creating a portfolio, a user is able to employ several options such as managing, selling, rebalancing, and so on.
Without the need to manage and rebalance portfolios themselves, Sets enable users to gain exposure to a basket of assets in one transaction. Comparable to ETFs, such as DIA, SPY, or QQQ, Sets give investors broad exposure to an asset class by investing in a single token (rather than buying many individual assets).
The main advantages of TokenSets include:
- The ability to add or withdraw liquidity as a means of generating fees in return for providing liquidity to traders.
- The ability to make your own Sets. You may use this to construct and distribute token portfolios.
- Exposure to a basket of tokens without owning all of them.
- With each trade, your portfolio is automatically rebalanced to preserve your preferred balance.
With Sets, users simply have to specify their investment amount and then they are provided with the best method of investing their funds. Thus, TokenSets offers traders a simple way to invest using the most suitable cutting-edge trading strategies based on their needs.
