What Does it Mean to DYOR in Crypto? The Cryptonomist

When this option is choosen, some cents are added to the initial amount. It is the way to identify your payment, as you are the only DYOR.net member that will have to pay this exact amount. If a wrong amount is sent (cents not included in price, wrong amount, etc.) the system cannot link the payment you made with your account. You need to open a ticket, and bring a proof of payment with the amount you paid and the transaction ID. The best is to join a screen capture with all the transaction infos.

  • It works by asking the right questions and developing an understanding of potential investment opportunities in order to help you make intelligent investment decisions.
  • This is an auction method that has been used for traditional art to sell goods quickly to smaller investors.
  • As always, you should review the contract itself and do some simple searches about the contract for the project you are interested in.
  • One basic use-case of POAPs is that Community leaders can recognize, reward or engage with a member based on their POAP collection.

Furthermore, it’s building bridges to all the popular layer 1 protocols. Secondly, Terra can be used to create stablecoins in many different currencies, not only USD. Finally, Terra is the most popular decentralised protocol and this gives users easy access to liquidity.

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If the payment was well received, no problem, your account will be upgraded manually. Total Value Locked – Terra has a TVL of AU$19 billion, which is the second-highest amount of any blockchain. It’s unclear how governments will treat decentralised stablecoins. One advantage of Terra is that it supports stablecoins for multiple currencies. Terra has secured billions of dollars of value so far and has proven secure. It’s important that the protocol continues to hold its peg to fiat currencies throughout difficult market conditions.

When you invest with us, you first send your funds to our custodial partner Prime Trust, an accredited US financial institution. If you see a project releasing 10K NFTs in their mint and they only have 100 community members, it will probably be hard to sell out the collection . Projects with utility/products pass some of that value through to the NFT/Token which gives incentive to hold or can create some minimum value. Lastly, websites should be secure, should not ask you to do strange things, not be locked into some platform you never heard off, and they should never conceal key elements of the project.

thoughts on “CYA, CYOA, DYOR, ELI5, IMO & YABC – what do they mean?”

A lower low is when the price of a cryptocurrency closes lower than the previous day, which itself closed a… Get the latest news and best offers from the crypto community by joining our newsletter. Depending on the size of your investment and your risk tolerance, it is a good idea to formulate a non-biased system that you apply https://xcritical.com/ to any investment. The higher the investment falls on your risk tolerance, the more scrutiny you should perform in each of the sections above. These are all things you should consider when trying to gauge how strong the community is. Often some simple things you can try is to simply ask your questions to the community.

dyor meaning crypto

Any good investor checks the figures before they invest and it’s no different in the crypto industry. Although there are no quarterly earnings reports like in the traditional financial system, there are key metrics to help you invest. Also, checking the metrics makes it easy to compare different cryptocurrencies. It has become one of the most popular terms in the cryptocurrency community, encouraging individuals to think for themselves and conduct due diligence before investing in a cryptocurrency. Ultimately, the DYOR reflects the core ethos of crypto—don’t trust, verify.


Decentralized finance is still in its very early days, so there aren’t as many established resources as there are for Bitcoin. Yet an increasing number of the platforms where you can learn the basics are also adding DeFi-specific guides and explainers. Nowadays it’s also applied to stocks, bonds, REITs, hedge funds and marriage.

DeFi users can leverage the expertise of our auditing and security teams to equip themselves with a deeper knowledge of security risks. These users push the whole ecosystem to new heights, while we provide the data that helps them make informed decisions. There are so many amazing online resources available and crypto meet-ups worldwide you can use to learn more about Bitcoin and Cryptocurrencies. As you start to DYOR you will find plenty of other awesome reputable information databases you can use to expand your knowledge and learn about your next investment. Is a one stop shop for all your DeFi security research needs. Of course, not everyone is a developer or can bring themselves to be interested in the technical side of things.

The centralised architecture of web2 is giving way to the decentralised internet of value that is web3 and banks are now being replaced by bitcoin and decentralised stablecoins. Still, most people disagree about exactly which crypto protocols are going to have the biggest impact over the long term. That means there’s still a huge opportunity for investors who can pick the right projects. This dyor meaning crypto acronym is quickly growing in popularity as new crypto projects and investment opportunities are being released to the general public. DYOR allows you to stay up-to-date with the latest products, technologies, news, legislation, trends, etc. Additionally, you can find audits — if provided — along with GitHub activity, social follower counts, a list of wallets supporting the asset, and more.


Investors were thus encouraged to DYOR, lest they might become the next casualty in the frontier that is the early crypto market. Other tools on CoinMarketCap platform to explore include the educational platformAlexandria, thelisting of exchanges,NFTs, and theGravity feature. Although Gravity is still in beta, it offers a constantly updating feed of project news, articles, and user sentiment. There is also a handy list of accounts you may be interested in following to stay up-to-date on those projects. Delisting refers to the action of taking down or cancelling a listing of an NFT’s sale.

The historical data tab, such as forBitcoin, offers some valuable information. It depicts the recent price momentum for coins and tokens and a historical overview of the price on this day in the past few years. Cryptocurrencies are bought or traded by investors and speculators, and everything needs to be put in the correct perspective. DAOs are funded through NFT sales, where holders of the NFTs can decide how to use the treasury and their future project direction.

dyor meaning crypto

Market orders to make a quick profit and sell at a higher price. ROI isn’t the ultimate metric by itself, but it’s a useful tool to measure your investments’ performance. Return on Investment is a way to measure an investment’s performance. The official POAP slogan is “Bookmarks for your life” and many active member of crypto space collects these event-exclusive NFTs to commemorate their life experiences through these events. One basic use-case of POAPs is that Community leaders can recognize, reward or engage with a member based on their POAP collection. Usually, Crypto aficionados, Influencers or Community members know each other via Discord, Twitter spaces or other social media platforms.

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While DYOR may be pretty involving, it’s a crucial aspect of any crypto trader. Since you understand a project and its team, you can distinguish the genuine from the scam projects. If you’ve watched a video or read an article about crypto-related topics you’ve probably come across the word DYOR. It is one of the most powerful and must-have skills for investing in cryptocurrencies. In this article, I will explain what does this acronym means and how you should do it.

But that doesn’t guarantee that every project will be a great investment. That’s why it’s our job as an investor to put in the work and select the very best projects. It’s easy to get overly excited in crypto, but research keeps us rational.

The error in the contract means the $34 million can not be recovered from anyone, including the developers. A few bad codes and some bad math resulted in a significant loss of money. $34 Million was locked into a poorly written contract term in the AkuDreams smart contract. If someone is asking you for an investment, then you should understand what the investment objectives are. Take a look at the grid below to see where strengths and weaknesses might fall.


This is clearly a growing trend in crypto, so let’s research the coin further. Actively trade – Buy and sell the coin to take advantage of market moves. Micro-investing – Automatically investing a tiny amount of money frequently.

If the former is the case, then your NFT in theory is worth at least as much as someone is willing to pay for that seminar. If the latter is the case, no one would buy that seminar and theoretically the only value your NFT has is the value the community has collectively assigned to it. When doing your research, knowing about the team can help you understand how they will perform and handle challenges. While we can never get full disclose on a project team, there are products the team produces that we can look at.

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It gives you a quick overview of your portfolio, so you always know how your coins are performing. Finally, you will receive a free multi-coin wallet to store all of your coins when you trade on our crypto exchange. DYOR is an acronym in the financial and investment space that means ‘Do Your Own Research.’ The acronym began gaining traction in crypto when the number of scams also began to increase. Due to the increasing crowdfunding projects, people would easily invest in scam ICOs. Bloggers and analysts would encourage investors to do their own research before investing in any ICOs.

A network of virtual worlds focused on social connection via the use of avatars. In other words, it is a virtual world in which you can interact with others as an avatar through the use of virtual reality headsets. Firstly, to help you manage your investments, check out the auto-trade features and price alerts that are available on Cointree. They can help make sure you never miss a money making moment. Secondly, you get access to a personalised dashboard when you trade on Cointree.

These are all important indications of the community and what you might expect during the life of the project. In today’s technology, while it takes work, it is possible to create a “fake” social presence to appear that there is a large community. This can be harvesting bots, buying fake followers, and other techniques to inflate social following numbers. From a community of one to a community over 100K, the size and type of community is going to have a large impact on the success of certain aspects of a project. Be careful, however, just because a project has some utility does not make it good.

However, there are multiple decentralised stablecoin projects. So, the key question is whether Terra could be the winning protocol that generates the most value for investors. Stablecoins like USDC and USDT have secured hundreds of billions of dollars worth of value.