What are IDO —  All about it

IDOs stands for Initial DEX offerings, which comes as a brand new permissionless and decentralized crowdfunding space. In short, IDOs appear as a new hope of fundraising in the world of cryptocurrency The best part of IDOs is that they can be created for virtually everything from a music album to cryptocurrency.Moreover, when it comes to improving customer interaction and engagement for a business, IDOs play a crucial role. Initial DEX offerings act as a tool in this regard to encourage the followers to get engaged in an economy.As a result, business owners can improve their services and products and make informed decisions about their assets.Initial DEX offerings enable a business to receive funds from independent investors. However, investors in IDOs do not get shares in the project. And it is a key difference between an initial public offering (IPO) and an initial DEX offering (IDO).An Initial DEX offering becomes a popular fundraising technique where a decentralized liquidity exchange issues the IDO coin.Who issues the Initial DEX offering coin? Decentralized liquidity exchanges issue the IDO coin. It was Binance DEX that hosted the IDO for the first time. Two other decentralized liquidity exchanges in this regard include Bancor and Uniswap.Do you wonder what has made IDO a better option than IEO and ICO? When it comes to ICO (initial coin offering), the issuers need to carry out all the required responsibilities. On the other hand, a centralized exchange host performs IEO (Initial Exchange Offering).What about IDO? IDO comes as a combination of ICO and IEO. However, IDO makes use of decentralized exchanges (DEX) instead of centralized exchanges (CEX).IDO can be considered as advanced IEO, as both of them are nearly the same. Both IDO and IEO enable entities to perform token exchanges to individual traders or investors directly.However, when it…