Crypto Spotlight: Top IDOs and Token Launchpads
Introduction Initial DEX offerings are a genuine game changer in fundraising opportunities within the crypto ecosystem. In stark contrast to traditional methods, IDOs offer both instant liquidity and decentralized trading, with lower entry barriers for the projects and investors. In this paper, the author will explore what IDOs are, what to do and not do for a successful IDO, and how to choose the right launchpad for your token sale. We also profile the currently trending top ten launchpads focused on IDO by CryptoRank, diving into what makes them successful, who their founders are, where they are headquartered, selection criteria, and how one can join. What is IDO? IDOs are a means of raising funds in which a project offers their token through a decentralized exchange (DEX). This approach carries within it several advantages: Immediate Liquidity : Tokens are immediately tradable from the time of issuance. Decentralized trading : Trading is done in a decentralized manner. Cost-effectiv...