Initial DEX Offering (IDO)

An Initial DEX Offering (IDO) is a method for raising funds for blockchain-based projects by offering digital coins directly to participants on a decentralized exchange. Unlike an ICO, which involves a central authority, an IDO operates in a decentralized manner. IDO allows blockchain projects to raise capital by offering immediate trading, liquidity, and access to a wider audience.

IDOs emerged because some projects were misusing ICOs to exploit people’s money, thereby tainting the crypto world’s reputation. An IDO offers a discounted price to traders who buy tokens early and allows them to sell them at a higher price as the IDO goes live. This method ensures greater transparency, fairness, and accessibility for everyone involved.