What Does LFG Mean in Crypto and How Do You Use It?

Published: March 22, 2024 | Last Updated: October 15, 2023

Markos Koemtzopoulos

Markos Koemtzopoulos is the founder and main writer of ElementalCrypto. He has been a lecturer at the University of Nicosia on cryptocurrencies and DeFi and has taught two courses on crypto and blockchain technology.

In Crypto speak, LFG can mean one of two things. The first is as a rallying cry that stands for “Let’s Fucking Go.” The second is in the context of gaming and NFTs where it stands for “Looking for Group”. In this article, I will teach you how to use the term, where it originates from, and what other crypto slang you might come across in crypto circles.

First, let’s take a look at how LFG is used in crypto more broadly.

#1. Why do crypto enthusiasts say LFG?

example tweet using LFG
These are the types of tweets you will come across that use #LFG

Crypto markets are volatile but many people have seen extreme returns especially those who invested early.

The crypto community tends to be young and under 30.

They believe that crypto is here to stay and that it is the future of money.

Whether a coin will make it depends to a large extent on whether it will be embraced by enough people in the community.

If it does, it means big winnings for the early birds who identified the opportunity and bought it cheap.

And this is why you will see people encouraging and egging each other on.

LFG is the perfect boisterous expression for such occasions.

It encapsulates the excitement and eagerness among crypto investors.

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How to use LFG in crypto

LFG is most commonly used as a hashtag but here are some sample sentences that you might come across on social media platforms.

  • “Just bought the dip! LFG! #crypto #HODL”
  • “When you see green candles on your favorite coin: LFG, moon time! “
  • “Join our Telegram group for the latest updates and to discuss our next moves! LFG! 🚀🔥”
  • “LFG, team! Let’s break that all-time high! 💪📈 #cryptotrading”
  • “New project launch in 30 minutes! LFG to grab those early tokens! 🚀💎 #crypto”
  • “Just staked my ETH for juicy rewards. LFG passive income! 💰 #staking”
  • “Market’s heating up! Who’s ready to trade? LFG! 📊💥 #cryptomarket”
  • “LFG for the next NFT drop! Get your wallets ready, collectors! #NFTcommunity”
  • “Did you see that bullish news? LFG, the bulls are back in town! 🐂💼 #bitcoin”
  • “Trading competition starts today. LFG to win those prizes! 🏆💰 #cryptocontest”

#2. Meaning of LFG in the NFT ecosystem

In gaming, LFG stands for “Looking for group” which means you are looking for team members to help you on your quest to go on raids, etc.

The term originates from the game World of Warcraft where players coined the term back in 2014.

When gamers see LFG in the NFT world they most often think it means Looking for a Group when in fact most people in the NFT community are still using it as “Let’s Fucking Go”.

In crypto many games use NFTs. NFT stands for non-fungible token and is a unique representation of an asset.

Unlike fungible tokens like Bitcoin where every Bitcoin is the same as every other Bitcoin, with NFTs the assets are unique.

For example, owning a pixie is not the same as owning an owl or whatever the NFT might be a representation of. See What Is Fungibility in Crypto for more.

In crypto, you use NFTs to participate in games. These NFTs can even be moved from one game to another.

But more importantly, NFT enthusiasts trade them in marketplaces.

The items you use in a game are not locked in an ecosystem but can be openly traded across blockchain events.

Contrast this against a game like Counter-Strike:GO where the company that owns the game has complete control and license to the items traded.

It can dictate which platform can sell their virtual skins and those skins can only be traded within the Counter-Strike:GO game.

There is a decentralized platform called Gamerse that has an LFG token and a cross-bridge marketplace to trade NFTs

Example sentences using LFG in Looking for Group context

  1. “I’m LFG to join a Discord community of NFT collectors.”
  2. “Anyone LFG to collaborate on a virtual art gallery showcasing NFT collections?”
  3. “Looking for a skilled developer LFG to create an NFT marketplace.”
  4. “LFG to invest in NFT projects with high potential.”
  5. “I’m LFG for fellow crypto enthusiasts who share my passion for NFTs.”
  6. “Is anyone LFG of like-minded individuals to trade rare NFTs?”
  7. “Looking for a creative team LFG to launch our own NFT collection.”
  8. “I’m LFG for NFT artists who can design unique digital assets.”
  9. “Anyone LFG to participate in a virtual NFT auction?”
  10. “LFG for NFT mentors who can help me navigate this complex ecosystem.”

What are LFG crypto tokens?

Like with many popular crypto terms LFG has been appropriated by a bunch of tokens that are trying to ride the meme popularity of the term.

The most renowned of these is the LFG token by Gamerse, an AI generative web 3 gaming platform and Metaverse. The current market cap of Gamerse is $16,000 but has been as high as $1.8Mn in the recent past.

LFG is Gamerse’s governance token which means you can vote on proposals.

In addition, you can use LFG for staking, auctioning NFTs, and taking part in a Lottery they run.

As a user, you can also spend LFG to boost the ranking of a piece of art on the marketplace.

LFG tokens
LFG Tokens on Coinmarketcap.com

Alternative meaning for LFG

  • LFG was also appropriated by a popular crypto coin that later crashed called Terra-Luna. The foundation behind the coin was called Luna Foundation Guard.
  • Sometimes, outside of a crypto context, you might come across it as Let Faith Grow or Let Fear Grow but this is not as common. E.g. #lfg #letfaithgrow #letfeargo

Other common slang terms used by crypto communities

  • GM: Good morning
  • GN: Good night
  • Diamond hands: when you don’t sell your digital assets because you have faith it will go up in the long run
  • Paper hands: the opposite of diamond hands. When you lose composure and exit your trade.
  • Crypto space: the crypto industry and community
  • HODL: Hold on for Dear Life i.e. don’t sell. Originally, the word HOLD was misspelled by a drunk investor on bitcointalk.org
  • CT: Crypto Twitter
  • NFTs: non-fungible tokens
  • BAYC: Bored Ape Yacht Club
  • FP: floor price
  • Rug pull: a fraudulent scheme where the creators of a cryptocurrency project deceive investors by suddenly draining the project’s value
  • Plausible deniability: the ability of a person to deny any involvement to avoid legal responsibility, even if evidence suggests otherwise.
  • DAO: Decentralized Autonomous Organization
  • DeFi protocols: Decentralized Finance protocols such as Aave, Compound, Uniswap, etc.
  • DYOR: Do Your Own Research meaning you should do your own due diligence when deciding whether to invest in a coin or not.
  • Blue chip coin or NFT: stolen from the stock market, blue chip refers to crypto projects that are considered solid, usually the largest ones by market cap
  • Full degen: a slang term that means to gamble and take risky bets in a crypto context. Like a degenerate. See what is a degen in crypto for more.
  • BTFD: buy the fucking dip (in price).
  • FUD: Fear uncertainty and doubt. FUD has a negative connotation. You use it negatively against someone who is unnecessarily spreading FUD.
  • Crypto FOMO: Fear of missing out
  • AMA: Ask me anything
  • ATH: All time high
  • Anon: Anonymous. See What does anon mean in crypto for more
  • Shill: to promote or recommend a crypto platform or token.
  • SAFU: Funds are safe or Safe Asset Fund. See What Does SAFU Mean in Crypto: Best Definition
  • WAGMI: We are going to make it
  • KYC: Know Your Customer
  • Doxxing: when someone’s identity is revealed.

FAQs

Where can I buy LFG crypto?

Gamerse's LFG coin is available on the following exchanges: PancakeSwap, a decentralized exchange, and MEXC and BitMart both of which are centralized exchanges.

What does TVL mean in crypto?

TVL stands for Total Value Locked and refers to the total amount of a blockchain's native token that is locked or staked. The higher the value the more trustworthy it is thought to be as people are willing to lock up their assets with the blockchain.

What is 10x in crypto?

It means to grown your earnings by 10 times dues to the price rising by a multiple of 10. You might also come across 100x, 5x, 20x etc.

What is OG in crypto?

It stands for Original Gangster. In a crypto context it refers to the first blockchains, protocols and people who kickstarted crypto. For example. Satoshi Nakamoto, the creator of Bitcoin is the OG of crypto.

What's a Hodling?

Hodling is the word "Holding" mispelled. It became a popular meme after a trader mispelt it while drunk on the bitcointalk.org forum back in 2013.

What are crypto slangs?

Crypto slangs are expressions and acronyms that are used within the crypto community. For example, WAGMI (We are gonna make it), GM (good morning) and LFG (Let's F**king go ) are popular crypto slangs

What is dirty crypto?

Dirty crypto are crypto coins or tokens that have been used in illegal activities. The cool thing with crypto is that these many of these currencies can be traced. For example, if someone hacks and steals cryptocurrencies then exchanges can trace and refuse to accept the specific coins that were stolen.

What is a 12 word phrase in crypto?

When you set up an account on a crypto wallet it generates a 12 word seed phrase. This is equivalent to your private keys. One can easily generate one from the other using cryptography. You don't want anyone to have access to your 12 word phrase because then they can access your digital assets and steal them.

Is it OK to hold crypto?

In many jurisdictions earnings from crypto are taxed but holding crypto has not been proclaimed illegal. In some countries like China they have prohibited mining crypto. And in most of the world there is no regulation about how capital gains or income from crypto is taxed.

What is GMI slang for crypto?

GMI stands for Gonna Make It as in you are going to become rich by investing in crypto. It is also used in the acronyms WAGMI - We are gonna make it and NGMI - Not Gonna Make It.

Is LFG listed on Binance?

No the LFG coin by Gamerse is not listed on Binance at the time of writing. It is only available on Pancake Swap v2 and v3 and MEXC and BitMart.

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Markos Koemtzopoulos is the founder and main writer of ElementalCrypto. He has been a lecturer at the University of Nicosia on cryptocurrencies and DeFi and has taught two courses on crypto and blockchain technology.

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