What is the Initial DEX Offering (IDO)?
The initial DEX Offering (IDO) is another way for blockchain companies to raise funds by allowing tokens to be sold directly to people. The initial dex Offering or IDO is a token that represents any type of asset hosted on a decentralized exchange (DEX)-IDO refers to the token launched by the project through a decentralized liquid exchange.The main difference between IDO and other methods is that the tokens sold in IDO are provided to a decentralized exchange or DEX.
There is no doubt that IDO is outstanding in decentralized finance (DeFi) and privacy-centric projects, both of which are centered on decentralization, and a non-fungible token (NFT) plan that is as cool as the DeFi field .
How to participate in IDO?
Entering IDO requires two main components: pre-purchasing launchpad tokens and winning the lottery.
Get whitelisted on IDO Launchpad
The whitelist is the main platform sharing function for decentralized trading products on the blockchain (including Ethereum, Binance Smartchain, Polkadot, Solana, and Cardano). In general, whitelist your qualifications for IDO. With a minimum number of launch pad native tokens or tokens, you can participate in a level-based IDO. The larger the holding, the more entries.
Complete KYC and connect to the wallet
The whitelist usually includes KYC checks, as well as buyers who require a Web 3.0 wallet (such as Metamask).
IDO Calendar For December 2021