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 In 2020 and 2021, IDOs rose up as a reliable source of Crowd Funding for Blockchain startups instead of the outdated ICO (Initial Coin Offering) model and IEO (Initial Exchange Offering) model due to the following reasons: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.
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