#explain-card "Do Your Own Research" ([[DYOR]]) is a common term in the crypto community, emphasizing the importance of conducting personal research before investing in any project. This helps avoid falling victim to misinformation or scams. Key questions to consider during your research: ### Team * Who are the team members and the founder? What are their backgrounds? * Do they have experience in the blockchain industry or [[Web3|web3]] technologies? * What is the team size? A larger team often means more resources and expertise. * Are the team members active on social media or other platforms? ### Tokenomics * What are the total supply, [[Circulating supply|circulating supply]], and max supply of the token? * What is the token distribution model? * What is the [[Trading volume|trading volume]] and [[Liquidity|liquidity]] of the token? * Does the team hold a significant percentage of the total supply, posing a risk of price manipulation? * What is the token's use case? Does it have utility or is it purely speculative? ### Technology * What technology underpins the project? Is it innovative or a copy of another project? * Is the project open-source, allowing for transparency and community contributions? * What is the project's GitHub activity? Are they actively developing the project? * Has the project been audited by a reputable third-party company? * What is the project's roadmap? Are they meeting their milestones? * Is there a working product or prototype available? * Is there a detailed whitepaper explaining the project's goals and technology? ### Community * Does the project have an active community on social media platforms? * Are there influencers or well-known figures promoting the project? * Is the project listed on popular crypto forums or websites? * Are there partnerships or collaborations with other projects? * Are there many discussions or reviews about the project online? * Are there any upcoming events, either online or offline? These questions are a starting point for your research. Always verify the information you find and be wary of scams or misleading information. DYOR is essential for protecting your investments and making informed decisions in the crypto space.