What is an Initial DEX offering (IDO)?

IDO stands for Initial DEX Offering. It is a type of initial coin offering (ICO) that takes place on a decentralized exchange (DEX) platform, rather than a centralized exchange.

In an IDO, a new cryptocurrency or token is launched on a DEX, and investors can buy it using cryptocurrency, usually the native cryptocurrency of the DEX. IDOs are often seen as a more democratic and decentralized alternative to traditional ICOs, as they allow anyone with access to a DEX to participate and invest, without the need for intermediaries like investment banks or venture capitalists.

IDOs have gained popularity in recent years due to the growing interest in decentralized finance (DeFi) and the increasing number of DEX platforms that offer IDO launchpads. However, as with any investment opportunity, it’s important to conduct thorough research and consider the risks involved before investing in an IDO.