> For the complete documentation index, see [llms.txt](https://help.mywallet.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.mywallet.io/intro/introduction-to-crypto-and-my-wallet/what-is-dyor-and-how-to-do-it-right.md).

# What Is DYOR and how to do it right?

**DYOR (Do Your Own Research)** is one of the golden rules in crypto. Before buying a token, connecting your wallet to a dapp, or joining a project, take a few minutes to verify the basics—this can prevent costly mistakes.

Here’s a quick checklist:

{% stepper %}
{% step %}

#### Check the fundamentals

Is the project **open source**? Does it have **reproducible builds on** **GitHub**, a **white paper**, or any public docs? This is key to transparency.
{% endstep %}

{% step %}

#### Understand the real value

Is there a real use case? If it’s just hype and vague promises, that’s a **red flag**.
{% endstep %}

{% step %}

#### Look for audits

Independent audits from reputable cybersecurity firms are strong indicators that the team takes security seriously.
{% endstep %}

{% step %}

#### Evaluate the community

A solid presence on **Telegram**, **X**, or **Discord** matters—but watch for **spammy content**, **bots**, or **inflated counts**. Look at both the size and the quality of engagement.
{% endstep %}

{% step %}

#### Cross-check multiple sources

Never rely on just one tweet or blog post. Use platforms like **CoinGecko**, **DeFiLlama**, and **Nomis Protocol** to build a full picture and make informed decisions.
{% endstep %}
{% endstepper %}

{% hint style="warning" %}
Even if trusted friends or influencers recommend something—always DYOR.
{% endhint %}

***

## Related articles

* [Scams](/intro/scams.md)
* [Phishing](/intro/scams/phishing.md)
* [Fake Decentralized Applications](/intro/scams/fake-decentralized-applications.md)