"IDO" is short for "Initial DEX Offering," which means the first issuance on a decentralized exchange. Specifically, it refers to issuing tokens on a decentralized cryptocurrency exchange and conducting transactions to raise funds for cryptocurrency projects.
IDO Operation#
Cryptocurrency projects provide tokens to DEX, users invest funds through the platform, and DEX completes the final distribution and transfer, all of which are automatically operated through smart contracts on the blockchain.
"IDO" offers some advantages, such as faster fundraising, lower costs, and a more decentralized process. Investors can participate in IDO by providing liquidity to the token's trading pool on DEX.