Guys you know well that recently in crypto world ICO and IEO has not effect again as like now IDO effect on crypto market or creating hype though IDO all project become success and the participants got huge profit .. At first i had no idea too about IDO but i have taken research about it as well participate too ..Anyway ,let's talk about what is it actually!!
What is IDO?
IDO: Initial Dex Offering, which means that a new project would be launch in the Decentralized platform allowing people to take part in the allocations and you can get allocated if you meet the minimum requirements they are offering now. This is simply done to raise the funding for the project initially. Until now we were seeing the DEx only allowing the IDOs but now there are platforms that are being working as the platforms that launches the IDOs only.
Few IDO Launching Platforms(LaunchPad):
BSC Pad- It is the first decentralized IDO platform in the Binance Smart Chain. So users donot need to worry about the fees like in the ETH.
KICK Pad- is the newly established launchpad platform also based on the BSC.
Prostarter- is the launchpad that is quite reputed and been with us for bit longer.
How to take part in IDO?
For taking part in the IDO , there are different criteria for different launchpads. But in general should hold the token of launchpad to get allocated. Lets look at this for the Launchpad named Binance Smart Chain Launch Pad(BSCPAD).
For BSC pad there are different tiers and you need to hold the token BSC_PAD Token to get part in one of the tier and you would get allocated accordingly.
RANK Token needed Allocation Pool share
Diamond Tier- 25000 BSC PAD 400
Platinum - 10000 BSC PAD 145
Gold -5000 BSCPAD 65
Silver -2500 BSCPAD 30
Bronze - 1000BSCPAD 10
If you have enough money to get part in any of the tier then it is more likely that you would make huge money.
How much profit would I get?
The profit seems really big. If we just look at the last project that had IDO in the BSC- Pad, 1BUSD= 7 Renomon, today, 1RENOMON= 2.41BUSd. I am giving a rough price of the few recent project that had IDO.
Name IDO Price Peak Price after IDO: ( This price is only peak price, today's price may be different)
Oction 0.11$ 0.61$
8 PAY 0.07$ 2.41$
AIOZ 0.015$ 2.4$
I hope you get overview of how much is the profit you can if you participate on the project and allocation is guaranteed so you donot need to worry about the allocation.
So what do you think about the IDOs? Are you participating in them or not? Be share to share your thoughts about them in replies.
DISCLAIMER- Investment in IDO is referring to invest in new project so study about the project before investing in their IDO.