Things to know about IDO
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1. What is IDO?
There are no official definitions. Some members of the pre-coding community believe that it stands for Initial DEX Offering. However, IDO can be anything or any form of token sale, which may be related to DEX or not at all.
2. Who can do IDO?
IDO is implemented completely independently by the issuer of the token. So anyone can implement IDO if they plan to open a new token.
This is a 100% self-hosted event by the publisher and is often done offline, with the project's IT system or online (online) on the blockchain through transactions from the project or the transmitter. act, cannot be controlled by others.
3. Who approves IDO?
Because IDO can be implemented by anyone, it is technically required by the jurisdiction of the issuer. However, IDO depends entirely on the token issuers themselves and no other guarantees. In the case of Binance DEX, Binance Chain's validator only votes for the project list, based entirely on suggestions and discussions in the community forum. And this list is not related to any IDO proposal or implementation.
4. How is an IDO implemented?
It all depends on the project team or the token issuer. This is a 100% self-organizing event by the publisher, unable to be controlled by others. No guarantees were made. And of course, there is no guarantee of its success.
5. This project will open for sale IDO, should its token be better than other projects?
No. The sale of IDO is not related to the quality of the project, because no one does the research except yourself. DYOR - Do Your Own Research - research yourself
6. How is IDO price determined?
All by project development team or token issuer. Each of them may have their own logic, regardless of who or everyone agrees with that price and whether the price reflects the value of the token. DYOR.
7. At a price higher than the original IDO price?
No one guarantees this, and no one can guarantee you. Let's go DYOR.
8. Does IDO require KYC? Or what needs to comply with the requirements to join IDO?
It depends on the project team and the issuer, your own judgment and the legal situation within your jurisdiction. You may want to seek legal advice before joining. No one can promise anything. Keep going DYOR!
