What is DYOR? Check out the Full Explanation!

There is the term DYOR or an acronym for the word Do Your Own Research when you invest in crypto assets.

Of course, many already know what DYOR is. Moreover, those who have ventured into the world of crypto investment.

This time we will review DYOR for those of you who don't know it yet.

This is something that is important to do when you want to do crypto investment activities.

The reason is, crypto investment is a high-risk activity. So, DYOR is something that is important and must be done before investing.

Regarding DYOR was also discussed in the Education Week VCGamers x CryptoSRooms.

Let's see more!

Also read: 5 Crypto Applications Listed at Bappebti, Perfect for Beginners!

What is DYOR?

DYOR or do your own research is important when investing.

DYOR is an activity carried out by potential investors to conduct in-depth research before deciding to invest.

The following is a snippet of the results of the VCGamers x CryptoSRooms Education Week:

Investment Management

What needs to be done when you want to invest is DYOR and research by increasing literacy about a crypto project.

Next, see who is behind a project. Thus, we know how the capabilities and capacities of these people.

Apart from that, we also have to know the utility of a project and analyze tokenomics.

From the smart contract side, research is also needed. VCGamers notes that there are three things to note. Namely, regarding functions that are not private, tax modified (can be modified above 30%) and the lock period.

Then, we also need to pay attention to the community of a crypto project and member interactions.

Also read: VCGamers Focus on Strengthening Fundamentals $VCG Token

Financial Management

For those of you who want to invest in crypto assets, it is hoped not to invest using money from loans.

You can use the 2-3-5 trading strategy when a new crypto project is listed.

Emotion Management

Crypto asset investors must also be able to manage their emotions.

That is, don't be provoked by the presence of fudder.

However, it is more focused on promoting a crypto project that has been chosen to invest.

Also read: $VCG VCGamers Crypto Token Officially Launched, Check Out the Complete Info!

VCGamers x CryptosRoom Education Week Q & A

The event also opened a question and answer session or Q & A. There were a number of questions regarding crypto investment activities that were discussed at the event.

Let's see!

• What is Dyor?
  • We need to look at all the information on the website and analyze it.
  • DYOR is not only done when we are going to buy, but also when we want to sell assets from a crypto project.
• In terms of losses and profits, is it more profitable to buy on Cex and on DEX?
  • If asked like this it depends on the token you want to buy. If the listings are concurrent in DEX and CEX, then the odds on CEX will be much more profitable. Because of the advantages of its features and in terms of taxes, CEX is much cheaper.
    If a crypto project has been listed on the DEX, it is predicted that it will be more profitable if you enter the DEX. However, if the token is entered in cex it will be much more stable.
• Personally, I prefer projects that are in direct contact with the real world, such as VCG. Apart from the vouchers, will VCGamers make projects that directly come into contact with the real world?
  • As for getting in touch with the real world, we have started to run with an example, namely the Ransverse.
• How to do DYOR and how to determine the position to invest?
  • Use the 2-3-5 formation as was done as above. We need to read news or information about a crypto project. More importantly use your money management and see the utility of a token.

Also read: Wafa Taftazani emphasizes that Web3 and crypto assets are not the way to get rich instantly

Always do research before investing.

Because investing in crypto is a high-risk activity.

In addition, you also have to pay attention to a number of things before deciding to invest.

Among them is conducting thorough research in order to find out the fundamentals of the assets to be invested.

Then, invest using cold money.

Cold money in question is money that is not allocated for other needs.

We must also manage the risk of the investments made. Also, knowing the worst possibility when investing.

So, we can make the best decision by considering many things related to it.

Another thing that is no less important is to look at the roadmap of a crypto project.

Then, pay attention to the progress or achievements that have been achieved whether they are appropriate or not.

Next, pay attention to the use case of the selected crypto asset for investing.

Like $VCG Token for example. You can use this crypto asset from VCGamers to fulfill all your needs in the first metverse in Indonesia, RansVerse.

You certainly know that the $VCG Token is used as a medium of exchange and transaction used in the metaverse which was built on the collaboration of RANS Entertainment, Shinta VR, UpBanx and VCGamers.

You can watch the full review of Education Week by Click here.