An Initial Dex Offering, or IDO, is a form of event in which companies raise funds by selling tokens via decentralized exchanges. IDO crypto is similar to an Initial Coin Offering (ICO) but instead of using a centralized exchange, the tokens are issued on a DEX. This allows investors to purchase the tokens directly from the DEX without having to go through a third-party intermediary.
The main advantage of an IDO is that it allows companies to raise funds without having to go through the lengthy and expensive process of registering with a traditional stock exchange. Additionally, it allows investors to purchase tokens directly from the DEX, which eliminates the need for a third-party intermediary. This makes fundraising easier and less expensive for companies.
Smart contracts run on blockchains, making the existence of middlemen null and void. They are fully secure, remove time-consuming processes like verification, prevent third-party integrations, are accurate since the functions are written in code, and are autonomous. These features make Smart Contracts a necessary ingredient for Decentralized Services.