DO YOUR OWN RESEARCH (Part-2)
Project's Whitepaper Whitepaper aims at the project, technology tokenomics (token distribution); Read the roadmap (future plan). Is the whitepaper clear and well written? Check whether it is reliable for the future. Team and Advisors Learn about the background of the project's team members and advisors. Have they had successful projects in the past? Check if you have experience with technology. Community and Social MediaProject's Telegram, Discord, Twitter, etc. Check the popularity and user feedback. See if the community is active and interested. Distribution of TokenomicsToken; use and study the possibility of future value increase. In what places can the token be used? Check how much demand there is in the market. Partnerships and Investors Project Check whether there are reliable partnerships and investors. Famous companies, See if they have partnered with venture capital. How did the Good Past Project work in the past? Previous Airdrops Check if the event was successful.---Points to be aware of when doing DYOR
Avoid FOMO (Fear of Missing Out) Don't enter a popular project without research. Be sure to check the recommendations of other influencers. Do your own research before trusting the recommendations of YouTubers.
Avoid high-risk projects. Avoid risky tasks---DYOR is an essential practice in cryptocurrency and investment industries. By doing your own research and making a decision, you can reduce your risks and increase your chances of success. Always remember to "Do Your Own Research".