IDO enables founders to raise capital quickly from the community to develop their projects without spending too much money and reducing complicated censorship or permission procedures. If the project is successful, that token can increase in price many times after the IDO, offering them huge profits. IDO opens opportunities for investors to access, buy and hold tokens of potential projects. It was from this need that IDO was formed and developed. In the era of strong development of the Internet, a project that wants to receive a large investment and has a high market capitalization needs to succeed in connecting the community. IDO is gaining popularity as more businesses are considering it for fundraising. So, it does not bear any assurance or guarantee as the issuer controls the event.

According to them, a fundraising method enables protocols available for traders without being controlled by others. In an IDO, the IDO coin is issued via decentralized liquidity exchanges, such as Uniswap, Bancor, or Binance. As the volatility of stablecoins is negligible, it offers a safe option for traders to manage the high volatility of crypto tokens and assets by swapping them with each other.Īs a result, decentralized liquidity exchanges enable companies to launch a token and access immediate liquidity. Traders can swap them between different crypto assets and stable coins based on market conditions.

For example, USDT/ETH is a liquidity pair. Liquidity pools are pairs of crypto assets and stablecoins. Initial DEX Offering (IDO) What Is An IDO?Īn IDO is a fundraising method in which the IDO coin is issued via decentralized liquidity exchanges.Ī decentralized liquidity exchange is a type of crypto asset exchange that relies on liquidity pools with which traders can swap tokens. So what is IDO? What are the current popular IDO platforms for investors? Below is an article to give you an overview of this familiar term. Have your DEX funds secured through decentralized wallet applications like Trust Wallet, which will store private keys only on your device, so traders can retain full control over their funds and private keys.īinance DEX will be maintained as a community project and is expected to launch early next year, while details on when Binance Coin will transition from ERC20 token to native Binance Chain asset will be revealed soon.Along with the rise of DeFi and DEX, IDO also received a lot of attention from the crypto community. One important thing to point out here is that Binance DEX makes it possible for your funds to be more SAFU than ever before.

Send buy and sell orders through trading pairs the community created.

Propose new trading pairs, with the whole community having a say on the merits of the pairing.

Freeze some tokens, and unfreeze them later.

Send tokens to others on the DEX, and receive some in return.

Send and receive BNB to anyone on the DEX.

The decentralized exchange is built on top of Binance Chain, which we started developing and grew into a community initiative, and will use Binance Coin ( BNB) as a native asset. Binance DEX is made by the blockchain community, for the blockchain community, with support from Binance developers, as part of advancing our mission to spread the freedom of money.

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