IDO — An Efficient Fundraising Model for your Crypto Innovations

With the introduction of the initial coin offerings, commonly abbreviated ICO, fundraising took a totally different dimension not witnessed until now. What started with initial coin offerings led to the development of initial exchange offerings and security token offerings. Initial exchange offerings gave the fundraisers an opportunity to directly get listed on an exchange, while the security token offering brought the entire process of fundraising into the purview of regulatory bodies like the SEC.In all of this, it cannot be denied that there is a certain degree of centralization associated with all the fundraising methods. It is also known that the basic philosophy of blockchain technology is all about centralization without compromising on security and transparency.Converging the ideas of complete decentralization with the idea of crypto fundraising, initial decentralized exchange offerings, shortened to be initial DEX offerings (IDO), were created.What is an Initial DEX Offering?To understand what IDO is about, we need to understand the way IEOs and ICOs work. In the ICO, the utility token is offered to almost every investor. They can buy the token and they need to bank on the uncertainties on whether or not their token will be listed on an exchange.IEOs, on the other hand, eliminate the uncertainty associated with the token listing. However, it comes at a considerable cost, not only in terms of the listing fees to be paid if the exchange is reputed, but also the tokens that they have to part with as a commission to the exchange.The IDO tries to create the best of both worlds. As the name implies, the IDO makes the entire process completely decentralized. It is offered via reputable decentralized liquidity exchanges like Binance DEX and Bancor. Most of these exchanges follow liquidity protocols like Uniswap.How to launch your own IDO?The issuance of the new…