Before you learn about IDO crypto, let’s start by improving your knowledge and understanding of the fundraising concept via token sales.
If a company wants to create a new budget for building new products and services or expanding its business, it has numerous options and choices. The standard and most used option are to go for financial loans or investments from banks.
However, since the success of cryptocurrencies Bitcoin and Ethereum, more companies have used it as a tool for raising funds via token sales. Companies create crypto tokens and release them to the general public in exchange for Bitcoin, Ethereum, and other cryptocurrencies. This process is called fundraising through token issuance.
There exist different methods to make token sales.
Initial Coin Offering (ICO), Security Token Offering (STO), Initial Exchange Offering (IEO), and the newest way are Initial Dex Offering (IDO). With this article as a guide, you’ll learn everything you need to know about IDO.
So, let’s get started!
