What is Initial DEX Offering (IDO)?
IDO, an abbreviation of Initial Dex Offering, is a method used for raising funds through the issue of a coin or token on a Decentralized Exchange (DEX). With IDO, organizations are not subject to strict rules. The IDO process is composed of a couple of phases: Decentralized approval, public sale, Token listing, and Liquidity incentivization.
Some advantages of IDO over ICO or IEO are immediate liquidity, lower listing costs, and instantaneous trading. The IDO process is available on crypto exchanges like Binance DEX or Uniswap.