Looking for animated initial dex offering explanation video? What is IDO in cryptocurrency?

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Hey Guys! Welcome and in today’s video, I am going to explain what is an IDO in cryptocurrency and how does it work.

A cryptocurrency coin (or token) offering known as the Initial DEX Offering (IDO), takes place on a decentralized exchange. Tokens in an IDO are instantly listed on the DEX through which they are launched, as opposed to ICOs, where sales take place before the tokens are listed on the exchange.

A decentralized exchange that offers crypto tokens is known as an IDO (DEX). In IDOs, liquidity pools (LP) are crucial since they generate liquidity after the sale. During the token generation event, a typical IDO allows users to lock in funds in exchange for fresh tokens. A portion of the funds raised are then combined with the new token and added to an LP before being eventually returned to the project.

IDOs offer projects a low-cost and straightforward method for distributing their tokens. Despite the fact that IDOs have been available for some time, they are continually developing and offering new models, such as the Initial Farm Offering (IFO). As the industry gets more regulated, we can also see an increase in KYC requirements.
How does an IDO work?

A decentralized exchange (DEX) is used by an IDO to make the token sale possible. The DEX receives tokens from a cryptocurrency project, users commit funds through the platform, and the DEX completes the distribution and transfer of all monies. Through the use of blockchain smart contracts, these procedures are automated. The procedures and stages of an IDO vary depending on the DEX managing it, although some are standard:

1. A project is approved to run an IDO on a DEX following vetting. Users lock their money in exchange for a set number of tokens they are offering at a predetermined price. The tokens will be distributed to investors during a subsequent token generation event (TGE).

2. A white list of investors is typically present. To join the list, you could just need to provide your wallet address or perform marketing activities.

3. The project's token is utilized to form a liquidity pool with a portion of the funds raised. The team receives the remaining sum of money. After the TGE, investors can trade the token. The offered liquidity is often locked for a particular amount of time.

4. The LP opens for trading at the TGE, and the tokens are given to the user.
IDOs may have a promising future, but more education is required. Furthermore, the DeFi user base represents a tiny portion of the overall crypto market, which is currently a little industry but is rapidly expanding.

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