Initial DEX Offering (IDO)
www.techopedia.com/definition/initial-dex-offering-ido
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How Do IDOs Work?
A Brief History of the IDO
These methods have evolved from ICOs, plagued by issues such as scams and irregularities, to more regulated forms like IEOs and security token Offerings STOs.
In 2013, the first initial coin offering was held by Mastercoin Protocol, which raised $500,000 in bitcoin (BTC).
IDOs gained prominence in 2019, with Raven Protocol announcing the world’s first IDO on Binance DEX.
Pros and Cons of Initial DEX Offerings?
Disadvantages
IDOs play a critical role in the crypto ecosystem by bringing innovation, decentralization, and democratization to the process of token offerings.
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