DYOR

What does DYOR means?

DYOR is the short form of “do your own research.” It’s often used as a disclaimer by someone who posts an update about an NFT project. It simply means you should carry out a thorough background check on a project before making a financial decision.

Example

“Wakanda Inu will pump to $0.5, buy as much as you can! #DYOR thanks.”
This tweet by @EverRise:
“Don’t fall for anyone promising the next #1000x gem… Always #DYOR!“

Random Slangs

Rekt

Another way of typing the word “wrecked.” It’s a slang often used by the crypto and gaming community to describe crypto, NFT trader, or an

Tokenomics

A combination of “token” and “economics.” It defines the financial chain attribute of a digital token that makes it attractive to investors. These include statistical

Snag

To quickly buy an NFT due to a price drop. People often use it synonymously as sniping. For instance, someone might tell you to snag

NFT

NFT stands for “non-fungible token.” An NFT is a non-replaceable token that tracks digital assets on the blockchain. Each NFT is uniquely tied to a

IDO

IDO stands for “initial DEX offering.” DEX, in this case, is an acronym for “decentralized exchange.” Therefore, IDO is a form of an initial crowdfunding