> For the complete documentation index, see [llms.txt](https://gourmetgalaxy.gitbook.io/gourmet-galaxy/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://gourmetgalaxy.gitbook.io/gourmet-galaxy/core-products/gum-pad.md).

# GUM Pad

![](/files/-MSkAVWelYzvE8WcyJVQ)

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 In 2020 and 2021, IDOs rose up as a reliable source of Crowd Funding for Blockchain startups instead of the outdated ICO (Initial Coin Offering) model and IEO (Initial Exchange Offering) model due to the following reasons: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

{% content-ref url="/pages/-MShVNYZksiWwilbyARV" %}
[Overview](/gourmet-galaxy/core-products/gum-pad/overview.md)
{% endcontent-ref %}

{% content-ref url="/pages/-MShVidFHbhpRAw8ycCZ" %}
[How does it work?](/gourmet-galaxy/core-products/gum-pad/how-does-it-work.md)
{% endcontent-ref %}

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[Features of GUMPad](/gourmet-galaxy/core-products/gum-pad/features-of-gumpad..md)
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