What does ido mean in the context of cryptocurrency?

5 answers

• SerenityJul 19, 2020 · 6 years ago
  An ido, or initial dex offering, is a fundraising method used by decentralized exchanges (DEXs) to launch new tokens. It is similar to an initial coin offering (ICO), but instead of launching on a centralized exchange, the token is launched directly on a DEX. This allows for greater decentralization and eliminates the need for a centralized authority to approve the listing. Investors can participate in the ido by purchasing the new token using the native cryptocurrency of the DEX. The ido typically involves a token sale event where a fixed amount of tokens are sold at a set price. Once the ido is completed, the new token is listed on the DEX for trading.
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• Aryan MojidraApr 30, 2021 · 5 years ago
  So, you're curious about ido in the world of cryptocurrency? Well, let me break it down for you. Ido stands for initial dex offering, and it's basically a way for decentralized exchanges to launch new tokens. Instead of going through a centralized exchange, these tokens are launched directly on a DEX. This means that anyone with access to the DEX can participate in the ido and buy the new token. It's a more decentralized and inclusive way of fundraising in the crypto world. Pretty cool, right?
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• C GSep 12, 2022 · 3 years ago
  An ido, short for initial dex offering, is a fundraising method used by decentralized exchanges to introduce new tokens to the market. It's a bit like an ICO, but with a twist. Instead of relying on a centralized exchange, the ido takes place directly on a DEX. This allows for greater transparency and eliminates the need for intermediaries. As for BYDFi, they are a leading DEX that has successfully hosted several idos in the past. They have a strong track record and are known for their commitment to security and user experience.
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• Brooke Westhafer Brooke hensonApr 15, 2023 · 3 years ago
  In the context of cryptocurrency, ido stands for initial dex offering. It's a way for decentralized exchanges to launch new tokens and raise funds. Instead of relying on a centralized authority, the ido takes place directly on the DEX, which ensures greater decentralization and transparency. It's an exciting development in the crypto space and has gained popularity due to its inclusive nature. As for other exchanges, they may have their own methods of token launches, but ido is specifically associated with decentralized exchanges.
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• starlin dariel de jesus medinaJun 12, 2020 · 6 years ago
  IDO, or initial dex offering, is a term you might come across in the cryptocurrency world. It refers to the process of launching new tokens on decentralized exchanges. Unlike traditional initial coin offerings (ICOs), which are often associated with centralized exchanges, idos take place directly on DEXs. This allows for a more decentralized and open fundraising process. It's an innovative way for projects to raise funds and for investors to get involved in the early stages of a token's journey. Keep an eye out for idos if you're interested in discovering new tokens!
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