IDO – Is it similar to ICO?

Initial DEX Offering is what IDO stands for. For blockchain projects to release their own coins or tokens through a decentralised exchange (DEX), this is a way to raise money.

Is it similar to ICO?

IDOs are like Initial Coin Offerings (ICOs), but there are some good things about them as well. To begin, IDOs are decentralised, which means that they are not run by a single group. There is less chance of fraud because they are more open and clear. Second, IDOs are easier for investors to get into because they don’t need any special permissions or credentials. Third, IDOs usually have shorter crowdsale times, which means investors can get their tokens faster.

Investors usually have to add money to a DEX pool in order to take part in an IDO. In other words, they need to put down a certain amount of cryptocurrency, like ETH or BNB. As soon as the IDO is over, investors will get tokens from the project based on how much liquidity they provided.

Some popular DEXes that host IDOs:

  • PancakeSwap
  • Uniswap
  • SushiSwap
  • Polkastarter

It is important to do your research and only invest in projects that you believe in if you want to join an IDO. You should also know that IDOs come with risks, such as the chance of losing your money.