Funding crypto projects is no longer a buzzword. Many strategies have been introduced over the last five years to attract potential investors for funding. Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs) were the talks of the crypto market until the launch of Initial DEX Offerings (IDOs). Launched in 2013, IDO is a process to acquire capital for crypto projects. IDOs have become an increasingly popular way to generate capital for the promotion of crypto projects while minimizing the challenges faced by ICOs and IEOs. Choosing an IDO that ensures reliability and transparency can be a daunting task. Thus, we bring to you some of the best ongoing IDOs. Here we have drawn a list for upcoming crypto IDOs, new crypto IDOs, and other categories that influence investment in IDOs.
Read more: Top Crypto ICOs To Watch Out For 2023
What are IDOs?
IDOs or Initial DEX Offerings are fundraising activities for crypto projects and are akin to ICOs. However, the difference lies in the decentralized nature rather than the centralized nature as in ICOs. IDOs allow projects to raise money by issuing and selling their tokens. By providing investors with the option to buy tokens directly from their wallets, IDOs offer security, community engagement and transparency. IDOs whitelisting procedure helps to reduce the chances of fraud or money laundering by authorizing and screening prospective investors ahead of actual offerings.
These whitelisting procedures also ensure that the token holders can play a major role in the project’s expansion by being actively involved. Since IDOs can analyze the demand and market projection, these prove to be a great tool for testing the market saturation before a project develops further.
Best Crypto IDOs for 2023
- War Legends
- Wow casino
- Kaif (KAF)
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