Making a killing in crypto Initial Dex Offerings
Examining the reality behind the mouth-watering returns of IDOs
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Whilst many of us are busy searching for crypto moonshots the more astute among us have uncovered what could be described as the crypto goose. The returns that this goose has been laying are something a Silicon Valley VC would give his right testical for.
Most of us have heard of the term ICO (initial coin offering). They were all the rage back in 2018. But in reality most of these were the brainchild of a scammer or an over ambitious under researched computer programmer. Saying that many of the successful cryptos of today were funded via ICO including Ethereum, Filecoin, Cardano and Ripple. We wrote an article recently where we claimed, ‘The ICO is dead, long live the ICO.’ And we were right, the ICO is not dead, it has just reinvented itself into something called an IDO.
What is an IDO?
These are tokens that represent any type of asset hosted on a decentralized exchange (DEX).
