Daten aus dem Cache geladen. How IDO works | Webyourself Social Media Platform

How IDO works

0
2K

A DEX or IDO initial offering is the process of issuing tokens representing any type of asset on a decentralized crypto exchange (DEX). IDOs can be created for anything from cryptocurrency or a music album to virtual warships. IDOs offer businesses a tool to engage their communities in the economy while enriching their products and services and enabling them to make smarter business decisions about their assets. If you need to get more useful information in this area, you should read about blockchain technology,  ido marketing agency and you will not regret it

How IDO works


With the help of decentralized exchanges (DEX), the implementation of tokens is greatly simplified, the project team issues its tokens on the selected platform, and the exchange is already selling and transferring tokens. Users buy them, thereby financing the project. The main attraction of this promotion method for the developer lies in the automation of the process, on DEX exchanges everything is automated using smart contracts, so there is no need to deal with every sale and purchase transaction.

Here are a few general principles for how IDO works:

From the beginning, the project is tested on the selected DEX, and only after that it can be allowed to conduct IDO, in case of failure of the “exam”, they will not be able to enter the IDO. Then they offer some number of tokens at a fixed price, then buyers block their money and the amount of purchased assets is assigned to them. Distribution of tokens occurs after their generation (TGE).
To purchase, you need to be on the list of verified investors (White paper). Verification requires a crypto wallet address or the completion of tasks specified by the project.
The proceeds from the sale of digital assets are distributed to the project team, minus funds for the liquidity pool.
After the purchase, the tokens can be exchanged when they are unlocked, the blocking of coins can be for several months, or maybe for several years, it still depends on the project.
During the attraction of investments in the project, the tokens are not liquid.

Pesquisar
Categorias
Leia Mais
Health
How should dentists optimize their Google Business Profile?
Google is one of the biggest online platforms that provide the end number of information to the...
Por Jane Smith 2023-06-20 09:49:04 0 2K
Outro
Car Wash Market To See Worldwide Massive Growth, Industry Trends, Forecast 2029
  Data Bridge Market Research analyses that the car wash market was valued at USD 29,394.3...
Por Mitchell Jones 2023-04-21 10:11:40 0 1K
Health
Chronic Myeloid Leukaemia (CML): Causes, Symptoms & Treatment
Chronic myeloid (myelogenous) leukaemia (CML) is a type of blood cancer that begins in the...
Por The Lotus Biotech TLB 2024-10-01 12:13:26 0 259
Health
How Technological Advancements in Healthcare Propel the Medical Tourism Market
Medical Tourism Market research report has been meticulously created to provide a thorough...
Por Dewid Brown 2024-11-04 07:39:11 0 127
Outro
Buy Hair & Skin Products Infused with Argan oil of Morocco
Discover Radiant Skin with Voilàvé: Premium SkinCare Products in USA Experience the...
Por Technology Welldone 2024-05-31 06:25:06 0 615