An Initial Dex Offering (IDO) is a new way of raising money for crypto projects. The process makes it easy to get started with your project and raises money without having to go through the traditional hassles of fundraising. For crypto investors, this is a great way to get involved in new projects and potentially make profits if the project is successful. If you’re interested in getting involved in an IDO, here’s what you need to know about how they work. This article will focus on IDO launchpad and why Blockchains are used for It.
What is an IDO launchpad?
IDO launchpads, also known as crypto launchpads, are platforms for launching new cryptocurrencies. They are crowdfunding mechanisms to raise liquidity for new tokens and their corresponding projects. If a project is launching an IDO, it means the project is launching a coin or token via a decentralized exchange(DEX).
Typically, IDO platforms raise funds by exchanging crypto tokens residing on a decentralized exchange (DEX). Through IDOs, projects issue a currency or token via a decentralized liquidity market.
The Initial Dex Offering (IDO) is based on a liquidity pool where traders may exchange tokens, such as crypto assets and stablecoins, for one another.
Advantages of an IDO launchpad
The crypto launchpad has many advantages for projects to raise funds and gain liquidity on decentralized exchange platforms.
- One significant advantage of the IDO model is the opportunity for growth and investment
- By launching on a decentralized exchange, projects have access to a broader pool of potential investors and can experience an immediate increase in liquidity.
- This liquidity can also provide a foundation for future growth by allowing projects to easily buy and sell assets and utilize investment opportunities.
- The decentralized nature of IDO platforms means that there are often lower barriers to entry for projects and investors, creating a more inclusive fundraising environment.
List of IDO launchpads
Binance Launchpad (BSC Pad)
It is one of the first IDO Launchpads built on the Binance Smart Chain, which means cheaper transaction costs.
On the decentralized BSCPad platform, cryptocurrency projects issue tokens and raise liquidity.
BSCPad aims to be the next generation of blockchain launchpads that address staking difficulties. As existing launchpads present an entry barrier owing to an underlying issue: purchasing enough tokens to take part in the ecosystem is prohibitively expensive. As a result, even if users stake the tokens, it does not guarantee an allocation slot.
Polkastarter
It is an IDO Launchpad built on the Polkadot blockchain that supports interoperability. This means it can host projects from several blockchains on a single platform.
AdLunam
AdLunam is the Web 3.0 Attention Economy’s first NFT-integrated Engage to Earn Proof-of-Attention seedpad and IDO launchpad. The platform is one of the few launchpads that provides an IDO and a seedpad. In other words, AdLunam provides you with access to transaction flow during the seed and private rounds.
AdLunam is the only IDO launchpad that uses an Engage to Earn Proof of Attention methodology. Users receive allocation depending on their Attention Rank. You’ve already invested significant time and effort in the cryptocurrency sector. It’s about time you got something in return. Your time is, after all, valuable. Your time is valuable.
How to participate in an IDO
To participate in IDO, you must complete a set of processes that change depending on the project stage.
The following are the requirements and stages that most projects’ IDO tends to follow.
1. KYC/AML: To comply with legislation in most countries, most IDOs demand their investors go through KYC/AML procedures before joining. This avoids any potential legislative complications in the future.
2. Whitelisting: Aside from the KYC verification, the user must participate in whitelist activities. They will be forced to complete different activities such as following specific Twitter sites, retweeting specific tweets, and joining specific Telegram groups.
3. Get Your Wallet Ready: Users must interact with the launchpad platform to participate in IDO to make investments and get tokens. Participants on the IDO platform can use several crypto wallets. Before purchasing a wallet, be sure it meets your needs and gives the amount of protection you desire.
Conclusion
An IDO, or Initial DEX Offering, is a new way for crypto projects to raise money and generate buzz. As discussed earlier, there are many different types of launchpads. But AdLunam offers a fair and transparent platform for IDOs and has a good track record of selecting successful projects. If you’re thinking about investing in an IDO, AdLunam is an excellent option.