IDO platforms provide blockchain companies a fresh and creative approach to introduce their coins and generate money.

1. IDO Platform
The most recent development in the decentralised finance (DeFi) industry is the Initial DEX
Offerings (IDOs). By selling their tokens on decentralised exchanges (DEXs) rather than
more conventional centralised exchanges, IDOs allow blockchain initiatives to launch their
tokens and raise money. IDO platforms will be defined in this article along with their
functions and advantages.
An IDO Platform is what?
A decentralised exchange (DEX) called an IDO platform enables blockchain projects to
introduce their tokens and make money by offering them to investors. IDO platforms don’t
need authorization to list tokens, unlike conventional centralised exchanges, and anybody
may take part in the token sale. On a blockchain, where investors may trade tokens peer-to-
peer (P2P), the token sale is taking place.
How Do IDO Platforms Operate?
The following steps are commonly included in the IDO process:
The blockchain project states that a special IDO platform will be used for the launch of its
coin.
The project offers details about the token, including its quantity, price, and method of
distribution.
By syncing their wallet with the IDO platform, investors who are interested in purchasing the
token can take part in the token sale.
Investors are able to submit buy orders for the token, and the IDO platform will carry them
out in accordance with the smart contract for the token.
When the token sale is over, the tokens are sent to buyers’ wallets and trading on the DEX
starts.
IDO Platforms’ advantages include:

2. IDO platforms are decentralised, which means they are not under the jurisdiction of a single
organisation. This makes sure that everyone has an equal chance to participate in the token
sale and that it is fair and transparent.
Less Expensive: IDO platforms frequently have lower costs than conventional centralised
exchanges, which makes them more affordable for smaller investors.
Faster Listings: As IDO platforms do not require authorization to list tokens, projects can list
their tokens more quickly.
Improved Liquidity: As anybody may take part in the token sale, IDO platforms can provide
newly issued tokens more liquidity.
Worldwide Access: IDO platforms give investors access to investors worldwide, facilitating
the funding of blockchain initiatives from a larger audience.
Conclusion:
IDO platforms provide blockchain companies a fresh and creative approach to introduce their
coins and generate money. IDOs are a fair and open system for investors since they are
decentralised, transparent, and available to everyone with an internet connection. IDO
platforms are revolutionising the way blockchain projects raise money and introduce their
tokens because to the advantages of reduced costs, quicker listings, improved liquidity, and
worldwide access.