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

Hashrate

The hashrate measures the mining speed of your CPU per second, and the unit is hash/sec. Thus, miners put in resources to ensure their CPU

On-chain metadata

Refers to token information about an NFT stored directly on the blockchain; instead of embedding it in the IPFS (InterPlanetary File System).

Satoshi

It’s the smallest unit of a Bitcoin. A Satoshi reflects the name Satoshi Nakamoto, the presumed name adopted by the false person or people that

Flip

An act of buying and selling a digital product quickly. This decision is often a result of anxiety about the future of a project or

Pre-mine

Generating a certain amount of cryptocurrency before its public release or launch. It’s a way to reward early supporters and founders of a crypto project.