Simple guide to Do Your Own Research (DYOR) for Web3 projects
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In the ever-evolving world of cryptocurrencies and Web3, conducting thorough research before investing is an essential step. Join Lam and Raigal in this episode as they delve into the art of DYOR (Do Your Own Research) and provide a comprehensive guide on how to analyze crypto tokens effectively.
Through a practical demonstration, our hosts explore two different tokens, Fetch.ai and Volumint, showcasing their individual approaches to research. From examining team credentials and tokenomics to analyzing project utilities and GitHub activity, their comprehensive approach aims to arm users with the mindset to conduct their own research.
Whether you're a seasoned investor or a newcomer to the world of Web3, this episode offers invaluable insights into the critical process of conducting due diligence before partnering with a project or committing your funds. Gain a deeper understanding of the key elements to consider, the red flags to watch out for, and the strategies to separate promising opportunities from potential scams.
⌛ Timestamps
00:00:00 Introduction to Web3 Fireside Chat series and episode intro
00:01:12 Fetch.ai quick token analysis (Lam's turn)
00:10:54 What Lam would do as the next steps if he were to research more on Fetch.ai
00:11:44 Volumint quick token analysis (Raigal's turn)
00:20:55 What Raigal would do as the next steps if she were to research more on Volumint
00:23:05 Recap and final thoughts
Feel free to follow us on our social media:
Twitter/X: https://www.twitter.com/LamWeb3
LinkedIn: https://www.linkedin.com/in/lamweb3/
Raigal's Twitter/X: https://twitter.com/rraigal_
Lam's latest article is out: https://lamweb3.substack.com/p/the-importance-of-decentralized-science?r=1t3rk5&triedRedirect=true
Disclaimer: None of this is financial advice! Web3 investment is inherently risky and you could lose all that you put in. Our video is for entertainment and educational purposes only!
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