An initial DEX bid or IDO is the start of a decentralized exchange cryptocurrency (DEX). In an IDO, a blockchain initiative makes a first public coin appearance on DEX to collect institutional investor funds.
How does an IDO work?
An IDO is a form of collecting funds from which the IDO is issued through decentralized liquidity exchange. A decentralized cash exchange is a form of crypto asset exchange based on liquidity pools that can be used by traders to swap tokens. Dependent on market conditions, traders will swap between crypt asset and stable Coin.