DO YOUR OWN RESEARCH (Part-1)
DYOR stands for "Do Your Own Research". This is an important phrase in the cryptocurrency and investment industry. It is a reminder to make a decision after careful study. Why is DYOR important? The cryptocurrency market is extremely volatile and risky. Therefore, it is important to study carefully before investing. If you follow DYOR, you can reduce the risk: By investing in projects that you have thoroughly researched, you can avoid scams and scams. Better decision-making: more accurate because you can make decisions based on the information you have studied yourself. More confidence: you have more confidence because you invest in projects that you have thoroughly studied yourself.---
What should I study when doing DYOR?
Project's 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 Media Project'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.