What is an Initial DEX Offering (IDO)?

An Initial DEX Offering (IDO) is a fundraising method used by cryptocurrency projects to raise capital by offering tokens directly to investors via decentralized exchanges (DEXs). IDOs are similar to Initial Coin Offerings (ICOs), but instead of launching on centralized platforms, the tokens are listed and sold on a DEX, such as Uniswap or PancakeSwap. This decentralized approach allows the project to reach a global audience without the need for a centralized intermediary. IDOs are generally considered more accessible and transparent than ICOs, but they also carry risks, such as liquidity issues, pump-and-dump schemes, and potential lack of regulation.