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Crypto Terms:  Letter T

What is Toll Bridge?

Meaning:
Toll Bridge - is a pathway that demands a toll fee to gain access to additional functionalities.
easy
2 minutes

Let's find out Toll Bridge meaning, definition in crypto, what is Toll Bridge, and all other detailed facts.

A Toll Bridge is a type of bridge in the crypto sector where by paying a toll fee you receive access to exclusive functionalities and vested cryptocurrencies. This toll fee is assigned a specific monetary value. 

It was popularized by a well-known crypto project DAO Maker. It’s targeted at startups who need decentralized and secure launchpads.

DAO Maker enables the dynamic coin offering (DYCO) framework. Startups and new crypto projects can use it in order to continue developing said project by raising funds and attracting investors. Moreover, the dynamic coin offering framework allows investors to receive refunds if the project did not reach its original goals or completely went off course.

The toll bridge burns and claims are managed by smart contracts

The token generation event (TGE) prompted toll bridges to take into account vesting schedules, days, and other factors.

In order to use the bridge users require to connect the MetaMask extension to connect to a whitelisted wallet. If everything goes accordingly and the wallet was successfully connected, the users are able to unlock funds within the bridge.

Keep in mind that users can leave the vesting schedule even before the set period of time is over. By exiting early, token buyers have to burn a certain amount of their tokens.

Additionally, users have to pay fewer fees if the fund has been open for a longer period of time. Furthermore, every three months users can receive 20% of their locked coins if they don’t pass the toll bridge throughout the entire vesting schedule.

nodes) before reaching its final destination. Each stage of the journey is encrypted separately, and each relay is only aware of where the traffic came from and where it is heading immediately afterward. This means that no relay can ever know the entire path of any traffic.<\/p>\n<p>Tor network is probably mostly known for being a gateway to the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-dark-web/">dark web<\/strong><\/a> and markets accessible via \".onion\" addresses. The most well-known of these dark markets was the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-silk-road/">Silk Road<\/strong><\/strong><\/a> (which is now shut down) where users could buy illegal stuff (fake IDs, guns, drugs, and so on) anonymously using <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin (BTC)<\/strong><\/a>.<\/p>\n<p>Though note that activists, journalists, law enforcement agencies, dissidents, intelligence services, and others, who want to stay anonymous online in order to stay protected and secure, also use Tor.<\/p>","definition":"a decentralized network that anonymizes user web traffic by encrypting it and sending it through a series of relays before it reaches its destination.","status":"published","meta_title":"What is Tor? Definition & Meaning | Crypto Wiki","meta_description":"Tor meaning: Tor - a decentralized network that encrypts users' web traffic and routes it through a chain of relays before reaching its final destination to anonymize it.","meta_keywords":null}" :prev-section="{"id":923,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Decentralized_computing#Peer-to-peer","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:01.000000Z","updated_at":"2023-10-30T13:03:45.000000Z","slug":"what-is-tokensets","title":"What is TokenSets?","section":"T","keyword":"TokenSets","content":"<p><strong>TokenSets refer to a new <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-smart-contract/">smart contract<\/a> platform<\/strong>. It emerged from the Set Protocol that enables the development and trading of baskets as tokenized assets. It doesn&rsquo;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&nbsp;decentralized protocol.<\/p>\n<p>The founder of TokenSets, <strong>Inje Yoe<\/strong>, indicates that the Set Protocol is <em>&ldquo;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.&rdquo;<\/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/">rebalancing, and so on.<\/p>\n<p>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, <strong>Sets give investors broad exposure to an asset class by investing in a single token<\/strong> (<em>rather than buying many individual assets<\/em>).<\/p>\n<p>The main advantages of TokenSets include:<\/p>\n<ul>\n<li>The ability to add or withdraw <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-liquidity/">liquidity as a means of generating fees in return for providing liquidity to traders.<\/li>\n<li>The ability to make your own Sets. You may use this to construct and distribute token portfolios.<\/li>\n<li>Exposure to a basket of tokens without owning all of them.<\/li>\n<li>With each trade, your portfolio is automatically rebalanced to preserve your preferred balance.<\/li>\n<\/ul>\n<p>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.<\/p>","definition":"a Set Protocol-based platform for portfolio administration.","status":"published","meta_title":"What is TokenSets? Definition & Meaning | Crypto Wiki","meta_description":"TokenSets meaning: TokenSets - a Set Protocol-based platform for portfolio administration.","meta_keywords":null}" :model="{"id":802,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Toll_bridge","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-10-30T13:04:19.000000Z","slug":"what-is-toll-bridge","title":"What is Toll Bridge?","section":"T","keyword":"Toll Bridge","content":"<p><strong>A Toll Bridge<\/strong> is a type of bridge in the crypto sector where by <strong>paying a toll fee you receive access to exclusive functionalities and vested cryptocurrencies<\/strong>. This toll fee is assigned a specific monetary value.&nbsp;<\/p>\n<p>It was popularized by a well-known crypto project DAO Maker. It&rsquo;s targeted at startups who need decentralized and secure launchpads.<\/p>\n<p>DAO Maker enables the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-dyco-dynamic-coin-offering/">dynamic coin offering (DYCO)<\/strong><\/a> framework. Startups and new crypto projects can use it in order to continue developing said project by raising funds and attracting investors. Moreover, the dynamic coin offering framework allows investors to receive refunds if the project did not reach its original goals or completely went off course.<\/p>\n<p><strong>The toll bridge burns and claims are managed by smart contracts<\/strong>.&nbsp;<\/p>\n<p><strong>The<\/strong> <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-token-generation-event-tge/">token generation event (TGE)<\/strong><\/a> <strong>prompted toll bridges to take into account vesting schedules, days,<\/strong> and <strong>other factors<\/strong>.<\/p>\n<p>In order to use the bridge users require to connect the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-metamask/">MetaMask extension to connect to a whitelisted wallet. If everything goes accordingly and the wallet was successfully connected, the users are able to unlock funds within the bridge.<\/p>\n<p>Keep in mind that users can leave the vesting schedule even before the set period of time is over. By exiting early, token buyers have to burn a certain amount of their tokens.<\/p>\n<p>Additionally, users have to pay fewer fees if the fund has been open for a longer period of time. Furthermore, every three months users can receive 20% of their locked coins if they don&rsquo;t pass the toll bridge throughout the entire vesting schedule.<\/p>","definition":"is a pathway that demands a toll fee to gain access to additional functionalities.","status":"published","meta_title":"What is Toll Bridge? 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He&rsquo;s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain &amp; Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin Killer","status":"published","modified_content":null},{"chapter_id":2,"order":10,"slug":"what-is-solana-in-crypto","title":"Is Solana an Improved Version of Ethereum?","status":"published","modified_content":null},{"chapter_id":2,"order":11,"slug":"what-is-polkadot-in-crypto","title":"The Bridge Between Blockchains: Polkadot","status":"published","modified_content":null},{"chapter_id":2,"order":12,"slug":"what-is-polygon-in-crypto","title":"Polygon: the Essential Scaling Solution for Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":13,"slug":"what-is-luna-crypto","title":"The Bumpy Road of Terra (LUNA)","status":"published","modified_content":null},{"chapter_id":2,"order":14,"slug":"what-is-fantom-crypto","title":"Is Fantom (FTM) Yet Another Ethereum Killer?","status":"published","modified_content":null},{"chapter_id":2,"order":15,"slug":"what-is-aave-crypto","title":"Aave: Crypto Lending Trailblazer","status":"published","modified_content":null},{"chapter_id":2,"order":16,"slug":"what-is-algorand-crypto","title":"Did Algorand Truly Solve the Blockchain Trilemma?","status":"published","modified_content":null},{"chapter_id":2,"order":17,"slug":"what-is-olympus-dao","title":"Does Olympus DAO Have Anything to Do With Mythology?","status":"published","modified_content":null},{"chapter_id":2,"order":18,"slug":"what-is-avax","title":"Is Avalanche Network (AVAX) Rightfully Called the Future of DeFi?","status":"published","modified_content":null},{"chapter_id":2,"order":19,"slug":"what-is-monero-coin","title":"Monero: Where Cryptocurrency Meets Cryptography","status":"published","modified_content":null},{"chapter_id":2,"order":20,"slug":"what-is-ripple-xrp","title":"Is Ripple \"it\" When it Comes to Cross-Border Transactions?","status":"published","modified_content":null},{"chapter_id":2,"order":21,"slug":"practical-use-of-cryptocurrencies","title":"The Practical Use of Crypto","status":"published","modified_content":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-exchanges.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-exchanges-101.jpg","rating":80,"sections":[{"chapter_id":3,"order":1,"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","status":"published","modified_content":null},{"chapter_id":3,"order":2,"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":3,"order":3,"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","status":"published","modified_content":null},{"chapter_id":3,"order":4,"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry Standards","status":"published","modified_content":null},{"chapter_id":3,"order":5,"slug":"how-to-buy-crypto","title":"From Fiat to Crypto: How to Buy Crypto for the First Time","status":"published","modified_content":null},{"chapter_id":3,"order":6,"slug":"fiat-to-crypto","title":"Taking Profits: Turning Crypto Into Fiat","status":"published","modified_content":null},{"chapter_id":3,"order":7,"slug":"how-to-use-crypto","title":"You\u2019ve Got Crypto: What Can You Do With It?","status":"published","modified_content":null}]},{"id":4,"title":"Crypto Wallets","slug":"crypto-wallets","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-wallets.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-wallets-101.jpg","rating":80,"sections":[{"chapter_id":4,"order":1,"slug":"what-is-a-crypto-wallet","title":"What is a Crypto Wallet?","status":"published","modified_content":null},{"chapter_id":4,"order":2,"slug":"hot-wallet-vs-cold-wallet","title":"Hot Wallet VS Cold Wallet: Which One to Pick?","status":"published","modified_content":null},{"chapter_id":4,"order":3,"slug":"non-custodial-wallet","title":"What are Non-Custodial Crypto Wallets?","status":"published","modified_content":null},{"chapter_id":4,"order":4,"slug":"what-is-metamask","title":"Metamask: The Leading Non-Custodial Wallet","status":"published","modified_content":null},{"chapter_id":4,"order":37,"slug":"how-safe-is-cryptocurrency","title":"The Key Crypto Wallet Safety Practices: How Safe Can Crypto Be?","status":"published","modified_content":null}]},{"id":5,"title":"NFTs","slug":"nfts","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-nfts.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/nfts-101.jpg","rating":100,"sections":[{"chapter_id":5,"order":2,"slug":"how-to-trade-nfts","title":"NFT Trading: The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens (NFTs)?","status":"published","modified_content":null},{"chapter_id":6,"order":1,"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","status":"published","modified_content":null},{"chapter_id":6,"order":2,"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","status":"published","modified_content":null},{"chapter_id":6,"order":3,"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","status":"published","modified_content":null},{"chapter_id":6,"order":4,"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","status":"published","modified_content":null},{"chapter_id":6,"order":5,"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","status":"published","modified_content":null},{"chapter_id":6,"order":6,"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming Techniques","status":"published","modified_content":null},{"chapter_id":6,"order":12,"slug":"what-is-an-oracle-in-crypto","title":"Crypto Oracles: The Link Between Blockchain and Outside World Data","status":"published","modified_content":null},{"chapter_id":6,"order":13,"slug":"crypto-gambling","title":"The Peculiarities of Decentralized Crypto Gambling","status":"published","modified_content":null},{"chapter_id":6,"order":14,"slug":"what-is-the-metaverse","title":"Metaverse: A New Perception of Reality","status":"published","modified_content":null}]},{"id":7,"title":"Trading & Investing","slug":"trading-and-investing","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-trading.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-trading-101.jpg","rating":80,"sections":[{"chapter_id":7,"order":1,"slug":"where-to-trade-crypto","title":"Where Can You Trade Cryptocurrencies?","status":"published","modified_content":null},{"chapter_id":7,"order":2,"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","status":"published","modified_content":null},{"chapter_id":7,"order":3,"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","status":"published","modified_content":null},{"chapter_id":7,"order":4,"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","status":"published","modified_content":null},{"chapter_id":7,"order":5,"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","status":"published","modified_content":null},{"chapter_id":7,"order":6,"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","status":"published","modified_content":null},{"chapter_id":7,"order":7,"slug":"what-is-a-perpetual-contract","title":"Perpetual Contracts: Futures Contracts Without an Expiration Date","status":"published","modified_content":null},{"chapter_id":7,"order":8,"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","status":"published","modified_content":null},{"chapter_id":7,"order":9,"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","status":"published","modified_content":null},{"chapter_id":7,"order":10,"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","status":"published","modified_content":null},{"chapter_id":7,"order":11,"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","status":"published","modified_content":null},{"chapter_id":7,"order":12,"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","status":"published","modified_content":null}]},{"id":8,"title":"Crypto 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