What does DM mean? Unveiling the industry "slang" in the encryption field.

In the world of Crypto Assets and Web3, there is an abundance of abbreviations and jargon, and "DM" is undoubtedly one of the most common. For Newbies who are just entering this field, understanding these terms is the first step to integrating into the community. This article will delve into the meaning of "DM" and, in conjunction with the latest market dynamics from Gate exchange on September 18, present you with a multi-dimensional perspective of the crypto ecosystem.

###01 The Mystery of Three Letters: The Core Meaning of DM and Common Scenarios

DM is the abbreviation for Direct Message in English, which is usually translated into Chinese as "私信" or "直接消息". It refers to a private, non-public communication channel established between two users, as opposed to public communication in forums, groups, or comment sections.

On highly active platforms in crypto communities such as Twitter, Telegram, and Discord, "DM me" is a common expression. Its core purpose is to pursue more efficient and private conversations.

But in the field of encryption, DM has also derived some scenarios that need special attention:

• Project Party Support: Many blockchain projects provide customer support through official social media accounts, and users may be asked to submit questions or wallet addresses via DM to receive airdrops, or to inquire about information.
• Community Communication: When investors and developers discuss market trends, project technical details, or potential collaboration opportunities, they often prefer to use DMs with better privacy.
• Risks to be aware of: At the same time, DM has also become a hotspot for scam activities. Users need to be vigilant against false information that impersonates official customer service, well-known KOLs, or claims to "give away tokens" or "provide investment opportunities" in exchange for private keys or seed phrases. Remember, no legitimate project will ask for these core sensitive information through DM.

###02 More Than Just Direct Messages, Other Contextual Meanings of DM

Interestingly, in the specific context of the crypto world, DM may also refer to other technical terms, although its frequency is much lower than Direct Message.

One example is Decentralized Market. This typically refers to a peer-to-peer (P2P) trading venue that operates on the blockchain without the need for intermediaries.

For example, users can trade Crypto Assets or digital assets directly in such markets without going through traditional centralized exchanges (CEX). This is conceptually similar to the newly launched Digital Market (DMI) platform by the London Stock Exchange Group (LSEG), which also utilizes blockchain technology for the tokenization and trading of assets.

###03 Seizing the Opportunity, Gate Exchange Market Dynamics on September 18

Staying updated on the latest market trends is a must for every crypto participant. Gate exchange has been continuously launching new assets and activities in mid-September, here is the latest update as of September 18:

####Gate List of Newly Launched Tokens

| Token Name | Code | Launch Date | Trading Pair | Current Price (Approx.) | Highlights and Background | | --- | --- | --- | --- | --- | --- | | Mavryk Network | MVRK | September 18 | MVRK/USDT | $0.115 | Focused on building a global tokenization system, involving the RWA (Real World Assets) sector, supported by a $10 billion real estate tokenization deal. | GraphAI | GAI | September 16 | GAI/USDT | $0.4615 | Committed to building an AI-native data layer for Web3, transforming blockchain data into structured knowledge graphs.

In addition to new listings, the Gate platform continues to give back to users through various activities. For example, Gate Alpha has launched a hot coin trading competition where users can trade specified tokens for a chance to share rewards of 30,000 GAI or 30,000 PORTALS.

####GateToken (GT) latest data performance

As the core token of the Gate ecosystem, the performance of GT is also worth paying attention to. As of September 18, based on previous data and trends, GT has recently shown stable performance, demonstrating its value as a platform coin.

• Price: Approximately $21.00 - $23.40 range (slight variations depending on different data sources and update times)
• Market Cap: Approximately $286 million - $319 million
• Circulation: approximately 136 million GT
• Unique Value: GT adopts a deflationary model, regularly conducts token burns, and can be used on the Gate platform to offset transaction fees, elevate VIP levels, and participate in ecological construction, which is an important support for its value.

###04 Security Guide, How to Safely Use DM

In the crypto world, using DM, it is crucial to remember safety guidelines:

1. Verify Identity: When you receive a DM from anyone claiming to be "official personnel", be sure to confirm their identity through the official website, Twitter, and other channels published by the project team.
2. Protect core information: Never send private keys, mnemonic phrases, or passwords to anyone via DM. This is the lifeline for protecting your asset security.
3. Beware of "free lunch": Maintain a high level of skepticism towards unsolicited DMs, lottery notifications, and investment opportunities. If something seems too good to be true, it is likely false.
4. Enable two-factor authentication: Turn on two-factor authentication (2FA) for all your social media and exchange accounts to add an extra layer of security.

Today, traditional financial institutions such as the London Stock Exchange have begun to explore the tokenization of assets for issuance and trading, and the potential of blockchain technology in improving efficiency, reducing costs, and expanding participation is being further tapped. Whether DM means direct message or decentralized market, having a clear understanding of its meaning and context can help you explore the crypto world with more confidence.