An Initial DEX Offering (IDO) refers to any cryptocurrency being launched on a decentralized exchange (DEX). With such an offering, a blockchain project will debut a coin on a DEX to raise any funding from retail investors.
IDOs have increased in viability and have increasingly been preferred to initial coin offerings (ICOs). But, how well can IDOs influence start-up funding?
Based on its decentralized model, an IDO offers more versatility to blockchains than ICOs, another funding raising mechanism used to sell capital market instruments. And, while solid alternatives like initial exchange offerings (IEOs) are out there, IDOs are the more cost-effective and flexible option startups long-term.
Why are IDOs becoming more attractive options for funding?
The rise of IDOs and other alternatives came from the decline of ICOs in 2018. Though ICOs facilitated over $6 million in funding for 875 blockchain projects the year before, it was identified that over 80% of ICOs were scams. Recent stu
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