IEOs (initial exchange offerings) involve a project selling its token to the public through a centralized crypto exchange instead of a DEX. In its essence, an initial DEX offering is a successor to ICOs and IEOs in that it aims to raise money and bootstrap a project. However, unlike ICOs and IEOs where the tokens are sold prior to the listing, with IDOs, they are listed immediately on a decentralized exchange (DEX) – hence, the name.

This creates a complete marketing storm for the IDO that sees the growth of these communities exponentially. It’s not a surprise to see a future IDO project collecting over 100,000 followers on Twitter and just as many people in their Telegram groups in a matter of days. A project goes to a launchpad, and if they meet their requirement, they are chosen to conduct an IDO. The process itself might vary from one launchpad to another, but the concept is always the same. This led to the birth of IDO launchpad platforms – one of the hottest topics of late 2020 and 2021. So, in 2021, a new kid on the block rendered the above rather obsolete.

Most new crypto projects have a strong presence on Twitter, and many blockchain also promote themselves on Reddit and Instagram. Once investors find a project they like, they can join the project’s Telegram or Discord groups to stay up to date on the latest listing announcements. For many types of IDO, participation is limited to investors who sign up ahead of time. For example, investors might need to follow a project’s social media channels to get on an IDO whitelist.

• The concept behind crypto is to open the doors of finance by making it decentralized.
• To avoid lotteries, however, some platforms have decided to give guaranteed allocation based on the number of native tokens a user holds.
• Investors purchase tokens for various reasons, such as for utility purposes, speculation, or as a store of value.
• This is why users have to hold a large number of launchpad tokens to get a sizeable investment and a proper return.

An Initial DEX Offering (IDO) is a way for projects to sell their newly created crypto tokens to the community through a decentralized exchange (DEX). A typical IDO allows investors to lock funds into a smart contract right before a project launches its native token. At the token generation event — the moment a project launches its token — these new tokens are released to investors in exchange for the locked funds, which are being transferred to the project. IDOs provide projects with a simple and cost-effective way to distribute their tokens and raise funds, while at the same time granting higher levels of security to investors when compared to ICOs.

That is, investors will need an ERC-20 token compatible wallet to purchase an ERC-20 token during an IDO. Investors will need a crypto wallet in order to connect to a DEX and join an IDO. In most cases, investors who purchase a token during an IDO can sell it immediately if they so choose. Once a token completes its IDO, it will be available for trading on any DEX. Assuming you manage to get an allocation and receive the tokens in your wallet, you would want to start trading them best cryptocurrency exchange 2021 reviews eventually.

What distinguishes IDOs from ICOs?

Investors can check not only which DEX a token is listing on but also whether there are any whitelisting requirements. For most IDOs, investors simply need to connect a wallet to the DEX holding the IDO in order to participate. Some IDOs have whitelisting requirements, but these are usually easy to fulfill (e.g. following a project’s Twitter account). Many projects hold a presale or another form of ICO prior to holding an IDO. In this case, the IDO typically lists the token at a higher price than what investors could buy it for during the ICO.

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BSCPad is a decentralized IDO platform, which runs IDOs on the BSC Chain. Ever since Ethereum launched through an Initial Token Offering (ICO) in 2014, token offerings are usually exciting investment opportunities for crypto investors. The chance to purchase tokens at their launch price during an ICO can offer spectacular upside to early investors. Looking back at the ICO boom in 2017, there were a great number of scams and rip-offs, and many investors suffered significant losses.

Step #1: Perform KYC/AML

This should bring up the IDO along with pricing information for the new token. Investors should navigate to the DEX that’s hosting the IDO ahead of the launch time and connect their crypto wallet. Simply click ‘Connect’ and follow the prompts to complete the connection. The whitepaper should be as specific as possible about how a token will work and what investors will get out of holding it. There should also be a clear link between the project’s success and price appreciation in the token or rewards paid to tokenholders. These platforms want to encourage trading in an IDO, regardless of whether a specific project has a lot of potential or not.

However, it’s important to research and assess the platform’s reputation, features, and the projects it hosts before participating in an IDO. Overall, IDOs offer unique advantages that cater to both investors looking for early investment opportunities and project teams seeking capital and community support. However, it is essential to conduct thorough research, understand the project’s fundamentals, and carefully evaluate the risks involved before participating in an IDO. Investors can transfer tokens to their wallet from another crypto wallet. They can also buy crypto using fiat at a centralized crypto exchange and then transfer the tokens to their wallet.

In an ICO, a new project offers its crypto token to investors through mechanisms like a presale. Instead of going through an exchange, the project sells its token directly to the public. However, when DEXs entered the scene in 2019, numerous crypto projects were drawn to the decentralized nature of these exchanges. Accordingly, they are a better option for launching tokens and raising funds without the complications of centralized exchanges. The Initial DEX Offering, or IDO, is a crypto coin (or token) offering that takes place on a decentralized exchange (DEX). In contrast to an ICO, where tokens are sold prior to exchange listing, tokens in an IDO are immediately listed on the DEX via which they are launched.

Examples of DEXs that offer IDOs include Uniswap, Sushiswap, and Pancakeswap. New crypto projects typically host IDOs on these large and widely used DEXs, although it’s also possible to hold an IDO on a smaller DEX. However, other blockchains are also growing in popularity, including Solana, Avalanche, Polkadot, Arbitrum, Optimism, and many others. The reason why some projects prefer to have their tokens launched on networks other than Ethereum is to avoid high fees, among other things. In their most popular shape and form, nowadays, initial DEX installing the classic jupyter notebook interface jupyter documentation offerings are particularly similar to initial exchange offerings (IEOs) with a few key differences.