1. Basics of On-Chain Trading
Moon/Mooning: Rapid price increase
Degen: Short for "Degenerate," describing high-risk traders
Ape in: To buy impulsively in large amounts without thinking
Rugged/Rug pull: When project developers abandon the project and take investors' money
Airdrop: Free distribution of tokens
Fomo: Fear Of Missing Out, the psychology of chasing high prices
Cope: Self-consolation, specifically referring to psychological adjustment after losses
Bagholder: Someone who bought at high prices and is now stuck
On-Chain Trading-Specific Terminology
P-Soldier: On-chain player with assets below $1M
P-Lieutenant: Player with assets between $1M-5M
P-General: Player with assets between $5M-10M
P-Marshal: Top-tier on-chain player with assets exceeding $10M
Train Leader: An address widely monitored, whose trading behavior has obvious influence on the market
Pour to: Selling coins to others, vividly describing dumping behavior
Bagged: Describing a certain event, meaning it's a sure thing
CA: Abbreviation for Contract Address
Desk Sitting: The behavior of staring at on-chain information for a long time, looking for trading opportunities
Chain Emperor: Player with sharp on-chain operations, high win rates, and substantial returns
Fool King: Player with extremely low win rates and severe losses
Cap: A humorous term for when the price immediately drops after you buy
PVP: Player VS Player, fast trading at low market cap stages, a zero-sum game
PVE: Player VS Environment, obtaining profits from external sources (such as exchange users)
Trench: Describing the high-risk environment of on-chain trading, like a battlefield
Chain Scanning: Continuously monitoring newly issued tokens on-chain for opportunities
Angle: The gimmick, storytelling, or value proposition possessed by a token
Inner Plate: Extremely early, small market cap trading on platforms like Pump.fun
Graduation: Pump.fun's specific mechanism where market cap reaches about 410 SOL and automatically lists on Raydium
First Stage: The phase from inner plate graduation to approximately 10M market cap
Second Stage: The development phase when market cap is between 10M-100M
Beast: Derogatory term referring to project teams who sell tokens immediately after issuance
Group Friend: Teasing term for people in the same trading group, specifically those who dump
Speed Through: The phenomenon of a project reaching $100 million market cap within one day of issuance
Archaeology: Digging up dead old projects for renewed speculation
Push In: Using SOL to purchase tokens
Pull Out: Successfully selling tokens back to SOL
Building: Contacting celebrities to promote a project
Call: Recommending or calling out a token to others
First Call: The first person to discover and recommend a certain token
Fixed: Determining which token among similar narratives is the mainstream recognized authentic project
Old Register: Traditional crypto investors who do not participate in on-chain trading
Golden Dog: High-quality Meme projects that rise significantly and profit investors
DEV: Token developer
DS: Dev Sold, when the project team sells their tokens
Park: Groups specializing in designing fraudulent Meme tokens
English Community Slang
Cook: Project team actively developing or advancing the project
Raid: Organizing the community to collectively promote on social media
Bundle: Front-running, insider trading
Shill: Recommending tokens to friends or the community
Farm: Harvesting retail investors
Jeet: When a project suddenly takes off/rises
Technical Indicator Terminology
LP: Liquidity Pool
DEX: Decentralized Exchange
MEV: Maximal Extractable Value, the maximum value that can be extracted from block production
Slippage: The difference between execution price and expected price
Gas Fee: On-chain transaction fee
CEX: Centralized Exchange
FDV: Fully Diluted Valuation
Sandwich: MEV bots profiting through sandwich attacks
2. Getting Started
Wallet Setup
Choosing the Right Wallet
To trade Meme Coins on-chain, you first need to prepare a suitable crypto wallet. Using Solana chain as an example, the following wallet types are recommended:
Browser Extension Wallets
Phantom: Most popular wallet in the Solana ecosystem, user-friendly interface, supports NFTs
OKX Wallet: OKX exchange's official wallet, feature-rich with high security
MetaMask: Natively supports Ethereum but can support Solana through plugins
Mobile Wallets
Phantom Mobile: Synchronizes with desktop version, allowing trading anytime
OKX Wallet: Multi-chain support, suitable for holding tokens from various ecosystems
Coinbase Wallet: Suitable for users transitioning from Coinbase exchange
Wallet Creation Steps
Using Phantom wallet as an example:
Visit the official website (phantom.app) or install the extension from your browser's app store
Click "Create New Wallet"
Set a strong password to protect your wallet
Important: Back up your wallet seed phrase (12-24 words)
Write it on paper and store in a secure place
Never store digitally or take screenshots
Never share with anyone
Verify your seed phrase
Wallet creation complete
Connecting to DexOne
Visit the DexOne website
Click "Connect Wallet" in the upper right corner
Select your wallet type (Phantom, etc.)
Approve the connection request in the wallet popup
Once connected, you can view your balance and start trading
Security Guidelines
Basic Security Principles
Private Key/Seed Phrase Management
Never share your private key or seed phrase
Store offline using physical methods (paper, metal plate)
Consider using distributed storage (storing different parts in different locations)
Device Security
Use dedicated devices for high-value transactions
Keep operating systems and wallet software updated
Install reliable antivirus software
Avoid trading on public WiFi
Phishing Protection
Verify website addresses
Don't click on links from unknown sources
Beware of fake official accounts on social media
Don't respond to "customer support" that contacts you first
Meme Trading-Specific Security Risks
Smart Contract Risks
Use DexOne's contract analysis feature to check token security
Beware of tokens with suspicious functions (such as unlimited minting permissions)
Avoid trading tokens without public source code
Sandwich Bot Protection
Use DexOne's anti-MEV trading route
Set reasonable slippage (typically 0.5%-2%)
Avoid large transactions during highly congested periods
Scam Project Identification
Check token distribution (extreme concentration often indicates scams)
Beware of over-marketed projects lacking substantial content
Utilize DexOne's risk assessment system to screen projects
Emergency Response Measures
Wallet Compromise Response
Immediately create a new wallet
Transfer remaining assets to the secure wallet
Disconnect all website authorizations
Contact relevant chain development teams to report
Suspicious Token Authorization
Use tools like revoke.cash to revoke authorization
Transfer assets to a new wallet
Mark suspicious tokens on DexOne to prevent others from being deceived
DEX Trading Basics
Differences Between DEX and CEX
Asset Control
Users have full control of their assets
Assets are custodied by the exchange
Counterparty
Smart contracts and liquidity pools
Exchange order book
Privacy
Higher (only addresses are public)
Lower (KYC verification required)
Listing Speed
Extremely fast (can list instantly)
Slow (requires review process)
Trading Depth
Relatively low
Usually high
Price Discovery
Automated Market Maker (AMM) mechanism
Order book matching
Fee Model
Transaction fees deducted immediately
Diverse (trading, withdrawal, etc.)
Use Cases
New coin trading, niche assets
Mainstream assets, large transactions
AMM Trading Mechanism Explained
On-chain Meme trading primarily uses the AMM (Automated Market Maker) mechanism, with key concepts including:
Liquidity Pools (LP)
Pools of funds consisting of tokens and base currency (e.g., SOL)
Follow the "constant product" formula: x * y = k, where x and y are the quantities of the two assets in the pool
Trading doesn't require counterparties, interactions are directly with the pool
Price Impact
Larger trade volumes cause more significant price slippage
Small market cap tokens have limited liquidity, large trades significantly impact price
DexOne provides price impact estimates to help avoid excessive slippage
Trading Paths
Direct trading pairs: TOKEN/SOL
Indirect paths: TOKEN/USDC→USDC/SOL
DexOne automatically selects the optimal trading path to minimize slippage
Making Your First Trade with DexOne
Fund Preparation
Withdraw SOL/BNB/ETH from exchanges to your wallet
Recommended to test with small amounts initially
Trading Process
Enter token name or contract address in DexOne's search box
Select the token you want to trade
Enter the amount you wish to purchase in the trading panel
Set slippage tolerance (5-10% recommended for beginners)
Enable "Anti-MEV Protection" feature
Click the "Buy" button
Confirm the transaction in your wallet
Transaction Parameter Optimization
Slippage settings: 5-10% for popular tokens, 10% for low liquidity tokens
Anti-MEV Protection: Enable by default to prevent sandwich attacks
Route optimization: Let DexOne choose the best trading path
Transaction timing: Avoid network congestion periods (typically during US trading hours)
Post-Transaction Check
Confirm tokens have been received
Compare actual transaction cost with expectations
Analyze transaction execution on-chain
Trading Tips
Batch transactions: Execute large orders in multiple smaller transactions to reduce price impact
Timing selection: Trading during off-peak hours can save on Gas fees
Price monitoring: Set DexOne price alerts to wait for optimal entry points
Gas price check: High Gas fees may cause transaction failures or delays
Emergency button: Familiarize yourself with DexOne's emergency cancellation feature for abnormal situations
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