How do I use IDO in Binance?

Crypto launchpads, also known as Initial DEX Offering (IDO) platforms, specialise in the launch of new coins or crypto projects and the subsequent raising of liquidity. They are the cryptosphere’s next big thing, particularly in decentralised finance (DeFi).7 Mar 2022

To enter an IDO, you will need a crypto wallet that can connect to DApps like MetaMask or Binance Chain Wallet . You will also need some crypto to buy the tokens and to pay for transaction fees. The exact crypto you’ll need will depend on the sale, and could even be LP tokens if you’re taking part in an IFO.

IDO, or Initial DEX Offering, is a crypto coin (or token) offering that happens on a decentralized exchange (DEX). Unlike an ICO, however, where tokens are sold before an exchange listing, in an IDO, tokens are immediately listed on the DEX through which they’re launched .

‍An initial DEX offering or IDO refers to the launching of a cryptocurrency on a decentralized exchange (DEX) . In an IDO, a blockchain project makes a coin’s first public debut on a DEX in order to raise funding from retail investors.