GUM Pad
Gourmet Galaxy's Crowd Funding platform
IDO, standing for Initial DEX Offering, is a crowdfunding model using a liquidity DEX as a fundraising platform. In 2020 and 2021, IDOs rose up as a reliable source of Crowd Funding for Blockchain startups instead of the outdated ICO (Initial Coin Offering) model and IEO (Initial Exchange Offering) model due to the following reasons:
- Instant access to Liquidity right after listing. IDOs provide new projects with a source of Liquidity right from DEXs.
- Reduced Costs: Instead of paying Centralized Exchanges a large sum for listing fees, IDOs allow startup projects to crowdfund without the middle man which reduces costs.
- Instant Listing: IDO projects usually get instant listing right after the IDO has finished.
At Gourmet Galaxy, we believe that Crowd-Funding will be a big part of the future global economy, and IDOs will be the most efficient source of crowdfunding. As a DeFi Ecosystem, our aim is to bring Finance and Opportunities to the people, and that includes the chance to invest in potential startups with no barriers.
Welcome to GUM Pad!
Last modified 1yr ago