If you follow the blockchain industry and the digital currency market, it is unlikely that you have not heard of the term Initial Decentralized Trading Platform Offerings, or as it is known in English for short, IDO.
🤔So what is the meaning of this term? How it works? What are its benefits? ⬇️
📚Definition:
An Initial DEX Offering (IDO) is a crowdfunding method that raises investment capital from ordinary investors. This is done on a decentralized cryptocurrency exchange (DEX) through the use of liquidity pools and smart contracts.
IDOs are an alternative to initial coin offerings (ICOs) that allow new cryptocurrency projects to launch their tokens on a decentralized trading platform. In both ICOs and IDOs, anyone can participate in the crowdfunding process by providing liquidity to the group and receiving tokens in return. IDOs are often characterized by decentralization, ease of use, accessibility, and provision of liquidity.
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