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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":795,"original_id":null,"author_id":42,"translator_id":null,"title":"What is Vesting Period?","slug":"what-is-vesting-period","section":"V","keyword":"Vesting Period","status":"published","definition":"a certain time period in which the sale of a token is restricted.","content":"<p>The vesting period (also known as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-token-lockup/">
token lockup</strong></a>) is <strong>a specific time period in which tokens purchased during the</strong> <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">ICO <strong>pre-sale stage are</strong> <strong>restricted from being sold</strong>. Usually, the tokens are transferred after they have been received (not all the time though).</p>\n<p>Lockups come in various types, and they're frequently used together with other systems like <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-soft-cap/">soft caps</strong></a> and bonus tiers. Each has its own set of benefits and drawbacks.</p>\n<p>The main reasons why the vesting period is <strong>beneficial</strong>:</p>\n<ul>\n<li>It allows the development and launch of a product, especially if there is no prototype at the moment. During this time, investors can assess the project's progress and decide whether to keep their tokens or trade them for another cryptocurrency like <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">ETH or <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">BTC./nIt protects early investors from major price <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-volatility/">volatility since sellers must wait a certain amount of time before selling their investments. This gives the token price some stability and assures that the early project participants have enough time to use the platform or benefit from it by earning dividends.</li>\n<li>It decreases the amount of unprofessional hype surrounding projects.</li>\n</ul>\n<p>The exact <strong>reasons for the use of the token lockup</strong> are different among various projects. Though there are some major ones:</p>\n<ul>\n<li>It allows the team to track the value of a token.</li>\n<li>It prevents developers from selling their tokens immediately after trade begins, safeguarding the interests of holders.</li>\n<li>It prohibits dumpers from crashing the price of the token as soon as it is listed on an exchange.</li>\n<li>It restricts the ability of holders to easily sell their tokens, providing them with time to reconsider their decisions.</li>\n</ul>","level":"easy","meta_title":"What is Vesting Period? Definition & Meaning | Crypto Wiki","meta_description":"Vesting Period meaning: Vesting Period - a certain time period in which the sale of a token is restricted.","meta_keywords":null,"language":"en","created_at":"2022-04-01T13:23:40.000000Z","updated_at":"2022-09-29T08:04:34.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-vesting-period"},"prevSection":{"id":927,"original_id":null,"author_id":42,"translator_id":null,"title":"What is Unrealized Profit & Loss?","slug":"what-is-unrealized-profit-and-loss","section":"U","keyword":"Unrealized Profit & Loss","status":"published","definition":"a theoretical profit or loss that appears on the balance sheet as a result of an investment that has not yet been liquidated for cash.","content":"<p><strong>Unrealized profit and loss</strong> (also known as “paper” profit and loss) are theoretical profits or losses that you only have on <em>“paper\"</em> because you still hold the investment.</p>\n<p>The calculation of unrealized profit and loss can be used to determine the value of the investments that are still on hold. It is an <strong>unrealized profit</strong> if the value exceeds the original purchase price. Unrealized loss, on the other hand, occurs when the current worth of an asset is lower than the initial acquisition price.</p>\n<p>As an example, let’s assume that an investor pays $50 per share for 100 shares of company X (this would be a $5,000 investment). Then, let’s assume that the <strong>stock has increased in value to $100 per share</strong> after being held for ten years. This investment's unrealized profit would be:</p>\n<p style=\"text-align: center;\">100 shares x ($100 - $50) = $5,000 unrealized profit</p>\n<p>It's an unrealized profit because the position is still open and it hasn’t been “realized” yet.</p>\n<p>Let’s take another example. If you bought USD at 1.2510 and it is now trading at 1.2600, the transaction has <strong>profited you 90 pips</strong> <em>(1.2510 - 1.2600 = -0.0090 = 90 pips)</em>. However, since you haven't closed the trade yet, this profit is unrealized, and it could turn into a loss if the market swings against you and you decide to <strong>terminate the trade at a lower price</strong> <em>(1.2600 - 1.2700 = -0.0100 = 100 pips loss)</em>.</p>\n<p>As part of the mark-to-market accounting process, unrealized profit and losses are routinely monitored because trading requires <strong>constant attention</strong>. This is especially true for day traders, who try to trade as much as possible during market opening hours (or even after hours). Therefore, when you trade a lot, it’s normal that some of your trades will be profitable, while the others – <strong>unprofitable</strong>.</p>\n<p>Your realized profit and loss (or P&L) is calculated by keeping track of how much money you make on each deal. You can, however, keep track of your unrealized profit and loss as well. </p>\n<p>Though traders pay closer attention to their realized P&L since it shows real profit or loss that can be utilized for <strong>tax purposes or future reinvestment in trades</strong>. Besides, unrealized P&L does not affect taxes or account balances. Either way, a seasonal investor or trader never assumes that it is not important.</p>","level":"medium","meta_title":"What is Unrealized Profit & Loss? Definition & Meaning | Crypto Wiki","meta_description":"Unrealized Profit & Loss meaning: Unrealized Profit & Loss - a theoretical profit or loss that appears on the balance sheet as a result of an investment that has not yet been liquidated for cash.","meta_keywords":null,"language":"en","created_at":"2022-04-11T10:59:10.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-unrealized-profit-and-loss"},"currentChapter":"U","currentSection":"what-is-unit-of-account","chapterTitle":"U","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-unit-of-account","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter U
What is Unit of Account?
Unit of Account MEANING:
Unit of Account -
a measurement for value.
Let's find out Unit of Account meaning, definition in crypto,
what is Unit of Account,
and all other detailed facts.
A unit of account in economics is mostly used to characterize one of the money's key functions – the possibility of assessing the worth of a certain item. This enables us to assess a variety of items. Besides, it allows us to compare the monetary values of items using various currencies.
A unit of account is used to determine the monetary value of almost anything. For example, you can compare the value of a bicycle with the value of a car and decide which is a better option for you.
To put it another way, money can be used to measure practically everything we produce and use. Thus, it's employed as a unit of account.
Besides, the unit of account allows us to execute mathematical operations. For example, calculate profit or losses. Also, it allows money to be lent or borrowed. Thus, a unit of account provides meaning and numerical value to every item.
Though, the value of money in real life is highly volatile. Mostly, due to inflation, deflation, and other economic factors. As a result, money is not always seen as a good unit of account.
This problem is quite clear. Imagine that the value of an hour is constantly changing. It's obvious that, in this case, it becomes an unreliable measurement of time. Thus, it's a similar situation with money.
However, in financial accounting, the term “unit of account” refers to something else. It's a specific asset or liability that is presented in financial statements. Though such an asset can also be called a unit of measure. This is because it's linked to the monetary unit that is being used, for example, the Euro. In this situation, a unit of account is just the currency utilized for accounting.
