Introduction to Initial Dex Offering (IDO)

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  • Published date: November 9, 2021
    • Chennai, Tamil Nadu, India
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An IDO functions like crowdfunding where IDO money is shared on a decentralized liquidity platform. This is where tokens can be shared. The pool comprises reliable coins and crypto-assets where traders have the flexibility to swap. Due to this reason, it’s now possible for business companies to give a token and have an easy entry to check on funds. There are platforms like Uniswap, Bancor, Binance, etc, that support the IDO. Random people can organize an IDO on their own. This helps in avoiding permissions  to run an IDO, hence catching the public's attention.

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