Initial DEX offering (IDO)

A Initial DEX offering (IDO) is a type of fundraising mechanism for new cryptocurrency projects, typically done on decentralized exchanges (DEXs). It allows small investors to get access to newly launched digital tokens, usually at the earliest possible stage. With an IDO, a project's creators offer up a portion of the tokens they intend to distribute in exchange for funds. This means that investors obtain a stake in the project, and if the token's value rises, they stand to profit. IDOs are popular because they provide a way for smaller investors to get in on new tokens, which might not be available on larger exchanges at launch. And because they occur on decentralized exchanges, IDOs are typically more accessible and transparent than traditional initial coin offerings (ICOs) conducted on centralized exchanges.