Crypto Speak: DYOR 🍸

Today’s post covers arguably the most important crypto term in the industry: “DYOR,” which stands for “do your own research.”

This acronym is a call to anyone who’s considering investing in a particular crypto project to take the time to conduct a thorough assessment of the project.

The term “DYOR” gained popularity during the initial coin offering (ICO) craze from 2016 to 2018, which became a breeding ground for scammers, leading to many investors losing money.

When you “do your own research,” you’re effectively protecting yourself from potential scams because as you dig deeper into the fundamentals of a project, you’ll uncover all the necessary signs to either invest or avoid the project altogether.

The crypto industry is adept at offering tantalizing projects in which to invest; however, if you make DYOR your No. 1 priority, you’re bound to protect yourself from scams, and you might find those hidden gems.