What does 'ido' stand for in the context of cryptocurrencies?

3 answers

• Jin Young KimJun 08, 2024 · a year ago
  An 'ido' stands for 'initial dex offering' in the context of cryptocurrencies. It is a fundraising method where new projects launch their tokens directly on decentralized exchanges (DEXs). This allows investors to participate in the project's token sale and trade the tokens immediately on the DEX. IDOs have gained popularity due to their decentralized nature and the potential for early investors to benefit from token price appreciation. It's an exciting development in the crypto space!
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• Afri AndyMay 09, 2023 · 2 years ago
  IDO stands for 'initial dex offering' in the world of cryptocurrencies. It's like an initial coin offering (ICO), but instead of launching on a centralized exchange, the project's tokens are listed directly on a decentralized exchange. This gives investors the opportunity to buy and trade the tokens without the need for a middleman. IDOs have become a popular way for new projects to raise funds and gain exposure in the crypto market.
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• Matteo Leone ManzoniFeb 04, 2024 · 2 years ago
  In the context of cryptocurrencies, 'ido' refers to 'initial dex offering.' It's a fundraising method where projects launch their tokens directly on decentralized exchanges. This allows for a more decentralized and transparent token sale process, as investors can participate in the sale and trade the tokens immediately. IDOs have gained traction in the crypto community due to their potential for early investors to profit from token price appreciation. It's an innovative approach to fundraising in the crypto space.
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