A term commonly used in the blockchain space, Initial DEX Offering or IDO, is a token offering where a crypto project raises funds in a decentralized exchange in return for their crypto
IDO is a type of token offering method used by crypto startups
The crypto startup launches a security token, which the government regulates. This type of fundraising activity is different from others because of its higher level of restriction from the government
A crypto startup that wants to organize an IDO has to submit its request to a DEX
A DEX may vet the project to reduce the risks of the process. This process is quite simple
Crypto investors seek crypto startups to get involved in at an earlier stage because of the potential profits and benefits that they can enjoy
In some cases, the tokens bought at an IDO could perform an x10 or even x100 in the market.
Participating in an IDO using comes with eligibility criteria