Hello everyone. I would very much like to join the movement of investments in IDO.
I appreciate your enthusiasm but it is better suited somewhere else than IDOs. Read on.
I would like to ask experienced participants to share information on how a beginner with a small capital can start in this area. What are the most promising IDO sites, what are the best ways to get allocation, what are good sources of information in this area, what are the chats and communities. Thanks a lot. I wish you all success.
Back in 2015 around the time I joined the forum, Ethereum had just started its use case of ICOs. Which would be similar to IPOs in stock markets but with a lot of differences which we gradually understood and suffered from.
The main gist of the entire ICO buzz was that ICOs gradually died out and investors got burnt off their money. Then in order to keep running these money-grabs, ICOs rebranded them to ITO, STO and then gradually IEO and IDO. It is basically the same shit just the wrapper is different.
The fact that decentralized exchanges are running it compared to IEOs, does not make it any better, just worse. A lot of unscrupulous money makers are ready to pounce on investors money to run their vaporware and eventually steal your money and you will have no legal framework to catch these scammers.
There are many IDO platforms, choose anyone you wish to. But take heed, this is the basic scheme of things. If you are new to cryptocurrencies, I would not suggest going to IDOs right away.