As the cryptocurrency industry has matured, fundraising has become more creative, with Initial DEX Offering (IDO) platforms gaining popularity. IDOs are launchpads for releasing new coins and crypto projects and raising liquidity. They are often hailed as the digital world’s next big thing, specifically in terms of decentralized finance.
For those uninitiated, a DEX is a decentralized cryptocurrency exchange. DEXs are peer-to-peer marketplaces where transactions happen between buyers and sellers directly without involving intermediaries. In traditional finance, they are similar to a stock exchange except that there are no regulatory bodies or banks officiating transactions.
An initial DEX offering (IDO) launches a cryptocurrency on a decentralized exchange (DEX). In an IDO, a blockchain project launches a coin for the first time on a DEX to raise funds from retail investors. IDOs are similar to initial exchange offerings (IEOs), in which crypto projects launch their tokens and raise funds through a centralized exchange. Both enable immediate trading and raising funds.
IDOs are crowdfunding platforms for new projects launched on a decentralized exchange using coins or tokens. Due to the project’s blockchain-based approach, IDOs are open to people from all backgrounds. In this post, let us find out which IDOs are making a splash in August 2022.
The BSCPad platform enables cryptocurrency projects to distribute tokens and raise liquidity. It is a decentralized platform for fair launches. It allows token holders to invest in the best upcoming Binance Smart Chain projects.
It is difficult for existing launchpads to obtain enough tokens to participate in the ecosystem. BSCPad aspires to be the next generation of blockchain launchpads that address staking issues.
In the above light, the BSCPad is unique with its two-round system that ensures each tier level receives an allocation. BSCPad works with various users and organizations, including small and medium businesses, enterprises, freelancers, non-profits, and the government.
AdLunam is an NFT-integrated crowdfunding platform for upcoming crypto projects. It has not launched yet but is already making organic noise about the appeal and concept behind the platform.
What distinguishes AdLunam from the competition is that, while most IDOs offer tokens after the launch, AdLunam will allow users to invest early in a project and gain a head start. It also allows early investors to profit handsomely if the project takes off.
The Engage to Earn platform is a community-focused IDO launchpad that is designed to reward its participants through a novel Proof of Attention model. Users are rewarded with a Proof of Attention score for how much they participate on the platform and how actively they promote the project. The word gets around, and each participant is rewarded based on their score. As a result, marketing funds are distributed within the community rather than going to a third party. In addition, AdLunam emphasizes loyalty. Community members are encouraged to stay with the project by staking rather than dumping LUNAM tokens for short-term use.
AdLunam is nurturing a “plug-and-play” community for the projects launched on the platform. New projects launched on AdLunam IDO will have access to seed funding and a ready-made community that will assist new platforms in gaining traction. Do follow them to stay updated on the platform development and more.
As the first IMO (Initial Metaverse Offering) launchpad, FireStarter works on the Polygon network. The platform supports DeFi, GameFi, NFT, and Social Token projects. With a vision of “Own The Future” (the trademark phrase), this platform offers a unique opportunity for users to invest in Metaverse-integrated projects in their early stages.
FireStarter is popular among crypto projects for two main reasons. Firstly, this allows a new project to gain traction. Secondly, it enables the project to get funded quickly sometimes, in record time.
Investors can buy $FLAME, FireStarter’s native token and have pre-sale access to funding rounds and early participation options. This fosters community-driven projects bringing more people to the Metaverse.
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