๐ฃ DYOR - not a trendy word, but your bulletproof vest in the world of crypto. Want to survive and multiply?
Read the guide ๐
๐ต Identify and select projects and assets of interest.Determine which cryptocurrencies or tokens you want to analyze.
Consider your risk profile: more established assets are recommended for beginners.
๐ตStudy the official sources of the project
Visit the official website of the project.
Pay attention to:
๐นThe presence of complete and transparent information about the project.
๐นContact details, signed individuals, and the public presence of the team.
๐นThe quality of the website (poor design or lack of information is a risk signal).
๐นFamiliarize yourself with the technical documentation (Whitepaper, tokenomics, roadmap).
๐นCheck if the project has smart contracts that have undergone an audit.
๐ต Analysis of the Development Team
๐นStudy the team composition via LinkedIn, GitHub, public interviews.
๐นPay attention to experience in the blockchain industry and work history.
๐นAnonymous or suspicious teams are a reason for caution.
๐ตCheck Development Activity
๐นLook at the activity of the project's repositories on GitHub: frequency of updates, quality of commits.
๐นEnsure there are regular updates and development plans.
๐นLack of activity is a worrying sign.
๐ตStudy Market Metrics and DataUse analytical websites (CoinMarketCap, CoinGecko, Messari):
๐นMarket capitalization.Daily trading volume.
๐นAmount of tokens in circulation and total supply.
๐นCheck information on major holders and activity on exchanges (Etherscan, BscScan for on-chain analysis).
๐ต Study the community and the activity around the project
๐นVisit the official social media, Telegram, Discord, and forums.
๐นEvaluate the activity and quality of communication in the community.
๐นPay attention to the frequency of news, partnerships, and events.
๐นBe cautious of excessive hype or aggressive marketing.
๐ตCheck news and expert opinions
๐นRead various reviews, expert opinions, and feedback.
๐นKeep an eye on mentions of the project in the media and specialized blogs.
๐นDo not rely on just one point of view.
๐ต Assess the risks and your goals
๐นMatch the information obtained with your investment strategy.
๐นDecide if the project fits your risk profile and expectations.
๐นEvaluate the potential pros and cons, long-term and short-term prospects.
๐ตContinuously update information
DYOR is an ongoing process, not a one-time act.
๐นKeep track of the project's development, its new updates, and changes in the market.
๐นBe ready to adapt your solutions.
๐ ๏ธTools for DYOR
CoinMarketCap,CoinGecko,Messari,Blockchain explorers: Etherscan, BscScan,Project's GitHub,Telegram, Discord, Twitter, andreviews on specialized crypto platforms.
P.S. Do not blindly trust advertisements and advice on social media.
Be critical and verify all data from multiple sources.
Study the economic model of the tokens to understand the logic and motivation of the team.
Avoid projects with overly high promises and a lack of transparency.