Do Your Own Research (DYOR)

DYOR is an acronym that stands for Do Your Own Research. It is advice commonly given to individuals who are entering the cryptocurrency markets with real money, encouraging them to investigate topics independently rather than relying solely on random Twitter accounts, Facebook articles, or YouTube influencers.

The cryptocurrency ecosystem includes a wide range of subjects, such as crypto trading (buying, selling, hodling), mining, minting NFTs, yield farming, staking, stablecoins, lending and borrowing, and many other topics, all of which can become quite technical and intricate the deeper you explore.

DYOR is intended to protect you, and more importantly, your finances. Cryptocurrencies and their related topics can be very technical and challenging to comprehend.

The design of cryptocurrencies involves numerous highly technical subjects, including cryptography, encryption, computer technology, software programming, algorithms, network design, consensus mechanisms, currency exchange rates, financial investment strategies, complex mathematical calculations, and much more.

It’s no surprise that those eager to learn will turn to other, more experienced participants in the crypto market, such as engineers, analysts, and traders, to help bridge the knowledge gaps.

However, many of these so-called experts are merely shills, often driven by their own interests when discussing or indirectly promoting a specific digital asset.

Given that real money is at stake when investing in projects and purchasing actual cryptocurrencies, misinformation and scams are widespread.

As a member of this community, it is your duty and responsibility to protect your investment funds by consistently doing your own research.

So DYOR!