What is an Initial DEX Offering? [ IDO Explained With Animations ]

Описание: If you’ve been in the crypto space for some time, you may understand how initial coin offering - ICO and initial exchange offering - IEO works. But more recently, the initial DEX offering or IDO is gaining popularity and you’re probably watching this video right now to understand how it works.
So without further ado, let’s explain everything you need to know about an initial DEX offering.

An initial DEX offering is a new and exciting type of decentralized and permissionless crowdfunding platform, which is opening up a new way of fundraising in the crypto space. In other words, an IDO is a new way for projects to create and launch their crypto tokens through a decentralized exchange.

A decentralized exchange is a peer-to-peer marketplace where users can trade cryptocurrencies directly without a need for an intermediary to facilitate the transfer of assets. Decentralized exchanges use smart contracts, which are self-executing codes to facilitate the transfer of assets.

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