IDO is a fundraising scheme adopted by enterprises across the world. It also allows to exhibit digital asset where tokens are issued and sold on a decentralized exchange (DEX) instead of traditional centralized exchanges.
In an IDO, a project launches its tokens on a DEX, and interested buyers can purchase them using cryptocurrencies such as Ethereum, Binance Smart Chain, or others. This process allows investors to participate in the early stages of a project and benefit from potential growth.
IDO is popular fundraising mechanism for businesses that are looking to raise funds by issuing new tokens on decentralized exchanges. By launching an IDO, businesses can tap into a large pool of liquidity from decentralized exchanges, enabling them to raise funds quickly and efficiently that can be especially beneficial for startups and small businesses that have limited access to traditional fundraising channels.
IDO allows any business to launch a token and raise funds from a global audience which help to democratize access to capital and create new opportunities for businesses to grow and thrive and also providing access to liquidity and a level playing field with greater transparency and security for investors.
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