Glossary

BUIDL is a technical term, similar to “HODL.” It refers to a crypto investment strategy whereby traders need to actively build and contribute to the existing system to improve its status.

BUIDL is a phrase not as well-known as HODL, but is nevertheless widely used within factions of the crypto community. Following on in the same vein as HODL, BUIDL is also a misspelling of a word – a misspelling of build, albeit on purpose this time. 

This can be done in several ways. It could be by spending the cryptocurrency as digital money, using smart contracts, or using dApps in their many varieties. Of course, the big players like Bitcoin and Ethereum are doing pretty well for themselves, but the argument of the BUIDL movement is that some projects do genuinely need the participation of users to get off the ground.

The origin of the word is not clear, but prominent figures in the crypto industry have used it in the last few years. Ethereum founder Vitalik Buterin referred to it in a tweet in 2018, while promoting the merits of the Ethereum foundation. The term also lent its name to a blockchain conference in South Korea, that last ran in 2018. 

BUIDL

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