What is an IDO? As retail investors scramble to uncover the best IDO crypto early bird opportunities – discover IDO meaning in cryptocurrency.
Cryptocurrency’s wild west has a new gunslinger: Initial Dex Offerings (IDOs).
Since Raven Protocol launched the first IDO on Binance DEX in 2020, this decentralized fundraising method has taken off, giving blockchain projects a fresh way to raise capital.
What is an IDO? Discover IDO Meaning in Cryptocurrency and The Rise of IDOs
While the original methods for debuting crypto projects, Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs), had their day, now IDOs are the next big thing.
The upshot is tokens drop directly on DEXs like Uniswap and Bancor, eliminating intermediaries and slashing costs.
IDOs break barriers, letting anyone worldwide buy tokens through permissionless protocols.
This decentralized model of IDOs uses liquidity pools, not order books, making it easier to trade smaller coins from new projects. It’s the new way to raise capital in DeFi.
UMA, a crypto project with “the goal of making global markets universally fair, accessible, secure and decentralized,” was a trailblazer here.
It launched an IDO with 2% of its tokens at $0.26 each. The price rocketed to over $2 within minutes, settling around $1.2, showing how IDOs can create instant liquidity and quick profits.
If you’re interested in the IDO narrative, here are two potential 10x cryptocurrencies to check out!
Best IDO Crypto #1 – Wiener AI (WAI) – An IDO Success Story
Wiener AI is our first IDO coin turning heads in the AI crypto scene with its savvy trading bot, built to help you make the best trades in the market.
Their presale has raked in over $6.5 million, pricing tokens at $0.000722.
As for utility, Wiener AI is part meme and part crypto trading tool – two narratives that have done gangbusters this year.
Staking these tokens is also a goldmine, offering up to 175% APY and sparking serious FOMO among investors.
99Bitcoin’s analysts believe early birds might see returns up to 13x by 2025. Plus, the looming merge of $FET, $AGIX, and $OCEAN into $ASI could shake things up even more.
Best IDO Crypto #2 – 99Bitcoins (99BTC) – Ride the BRC-20 Token Revolution
99Bitcoins token is also making waves with its savvy use of the IDO framework and exciting presale!
Our edge lies in BRC-20 tokens—Bitcoin-rooted and fungible. Linking 99BTC to this standard (meaning it will be connected to Bitcoin), we’re broadening its use, readying for Bitcoin to continue surging.
For those chasing the potential of great returns and solid fundamentals, 99Bitcoins and Wiener AI are worth watching.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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