How to Allocate Crypto-Based Products in the Crypto Market Today?

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Cryptocurrency fundraising is an essential part of the cryptocurrency world, providing startups with a new way to get their projects off the ground and existing businesses with funds for innovation. Initial Coin Offerings (ICOs) and Initial DEX Offerings (IDOs) are two crypto-fundraising methods that allow businesses to raise capital without relying on traditional sources like venture capitalists or banks.

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By utilizing cryptocurrency for fundraising, projects can access a global audience and attract investors who may not have been involved in traditional models. Moreover, increased transparency and security provided by cryptocurrency give greater assurance to potential investors of the success.

In this article, we will talk about a decentralized way to attract investors in the coin crypto market, which will make your product adopted and recognized.

What are IDO and ICO?

ICO, or Initial Coin Offering, is a powerful fundraising system used by digital asset businesses to acquire the required capital. By creating and selling newly developed assets for crypto or government-issued money (fiat), the process proves effective in gathering the desired funding goal.

The Initial DEX Offering is used by decentralized platforms (DEXs) as a form of fundraising. This model stands in stark contrast to ICOs, which are hosted on centralized services and allow buyers to purchase tokens using fiat currency only. With an IDO, buyers can directly buy cryptocurrencies from the project’s smart contract with their own crypto instead.

IDO is an advanced fundraising approach used on DEXs to introduce new crypto-based projects. As opposed to the customary ICOs, which are often hosted on centralized platforms, IDOs take place on DEXs and let users acquire tokens effortlessly from a project’s smart contract by using crypto assets.

Benefits of IDOs include:

  • IDOs are securely held on DEXs, exemplifying the values of blockchain and ensuring an open, reliable infrastructure.
  • IDOs offer a chance to invest in crypto without location or financial constraints, allowing those with crypto wallets to take part.
  • Assets are sold directly from the smart contract, eliminating the need for third parties and increasing fairness in token distribution. Moreover, this method allows us to avoid manipulation opportunities and ensure fair trading practices.
  • IDOs often have a devoted fan base that can offer both backing and assistance for the venture.

If you are interested in more information about the crypto world and want to buy crypto, welcome to the WhiteBIT crypto exchange and visit its blog.

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