What is an Initial DEX Offering (IDO)
propelxyz.medium.com/what-is-an-initial-dex-offering-ido-f762ef893fbc
1 Users
0 Comments
4 Highlights
0 Notes
Tags
Top Highlights
The process of an IDO typically involves the following steps: The project team creates a new token contract on the Ethereum blockchain, and mints a certain number of tokens. The project team sets a fixed exchange rate between the new token and ETH or any other native chain token. The project team promotes the IDO and invites the public to participate in the sale. Participants send ether to the token contract during the designated sale period, and in exchange, they receive the new tokens at the fixed exchange rate. After the sale period ends, the new tokens are automatically added to the participants’ wallets and can be traded on DEXs
IDO provides financial freedom to both the investor and developer. During an IDO, an issuer distributes IDO coins through a decentralized liquidity platform.
Advantages of IDO
Disadvantages of IDO
Ready to highlight and find good content?
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.