Todayâs post covers arguably the most important crypto term in the industry: âDYOR,â which stands for âdo your own research.â
This acronym is a call to anyone whoâs considering investing in a particular crypto project to take the time to conduct a thorough assessment of the project.
The term âDYORâ 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 âdo your own research,â youâre effectively protecting yourself from potential scams because as you dig deeper into the fundamentals of a project, youâll 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, youâre bound to protect yourself from scams, and you might find those hidden gems.