We all know fundraising campaigns are indispensable for the new-gen startups. The crypto ecosystem has been very particular in revolutionizing fundraising campaigns. Models like initial coin offering (ICO) and initial DEX offering (IDO) do just that! The blockchain and crypto ecosystems decentralize the entire financial infrastructure, let alone the fundraising campaigns.
As a result of IDO platforms with governance mechanisms and price-fixing in the liquidity pool, the popularity of the Initial DEX offering may rise. As a result, we will soon achieve parity if we continue to enhance the Initial DEX Offering.
Are there any IDO-empowered projects? Are they successful?
Before we enlist the successful IDO projects, let’s brush up on the IDO-based fundraising process. An IDO occurs when a project issues a token through a decentralized liquidity exchange that manages the fundraising event on behalf of the project’s participants. On the contrary, the project team themselves collect the pool assets in the ICO model, which led to a growing mistrust!
It is a decentralized and distributed deep-learning training protocol of deep neural networks. With its native token (RAVEN), the raven protocol facilitates the transactions within its ecosystem. It seems like blending blockchain with AI and machine learning is one of the intentions of the raven protocol.
The Escrow Protocol is a decentralized Web3 accelerator and crowdfunding platform designed to give investors more control over their money. It combines the finest of blockchain technology and DeFi services to establish an all-investment hub. On this simple, easy-to-use platform, investors may safely and reliably support their favorite initiatives.
It is a decentralized IDO project built entirely on Ethereum. SushiSwap is an automated market maker, which is a form of decentralized exchange. It allows users to trade cryptocurrency tokens, but deals are not managed by a central authority.
All these projects are heading successfully with whopping market caps. Take SushiSwap, for instance, where users harnessed Uniswap’s locked crypto assets worth over $1.14 billion.
Do IDOs propel DeFi?
Of course, yes!
As of now, most IDO launchpads predominantly list decentralized finance (DeFi) projects. However, it doesn’t mean other (form of) projects can’t use this IDO concept.
The concept behind Initial DEX Offering development is to open the doors of fundraising and make it decentralized. On the contrary, ICO projects had control over projects, thereby leading to innumerable rug pulls flooding the crypto space.
Decentralized Finance, or DeFi, refers to a financial system that functions without the use of traditional, centralized middlemen. We’re accustomed to everything passing through a bank or other financial organizations such as a global exchange, but DeFi establishes a self-contained system.
On the contrary, the non-DeFi projects would need some interest from existing DeFi users to leverage the IDO concept.
Drive Home These Benefits – IDO Development Services
Now that the essence of an IDO is evident, let’s see what IDO development services do to you!
Users and IDO launchers may profit from the considerably reduced cost of an IDO development company compared to others. Also, the DEXs do not impose any fees on users and operate under smart contract control. The only price is the gas fee from the peer-to-peer transaction, which is often less than 0.3 percent.
IDO organizers can see their coin/token begin to trade on the first day of the project’s launch on the DEX, rather than establishing a large marketing effort and organizing all the practicalities. If the DEX has a huge liquidity pool and a large number of users, the coin’s value may rise swiftly as traders seek to profit from its popularity.
Because token buyers do not have to comply with KYC/AML regulations, DEX promises greater anonymity. Furthermore, users are not required to transfer funds to a DEX wallet, allowing them to retain complete control of their holdings. Users benefit from increased transaction security as a result of such a trading organization.
Have you been struggling with your fundraising attempts? Well, building your IDO launchpad might be the missing piece in the puzzle. Collaborate with a prominent IDO development company, develop your launchpad, enlist numerous projects, and drive capital from investors.