DO YOU KNOW WHAT DYOR MEANS?
The acronym DYOR is always thrown around especially when addressing newbies and accompanied by NFA.
DYOR means Do Your Own Research.
NFA means Not Financial Advice
It is important to take these words seriously to be successful. To successfully do your own research on a project, you need to know these important factors:
1. The team
2. Proposed utility
3. Technology
These will form your foundational knowledge on the project and not because an OG or influencer says they will buy.
For instance, Justin Sun, founder of Tron said he will start trading meme tokens such as #PEPECOIN and the likes and will donate profits to charity while bearing all losses. That is not a signal for you to buy meme tokens. You need to #DYOR