Initial DEX offering or IDO is a fundraising model that takes place in a decentralized exchange, this opens a new way of fundraising in the crypto space. If a person launches a project in an IDO platform every person in the platform can trade or swap that token or coin. A project that issues initial DEX offerings receives financing from the individual investor. IDOs can be launched for various projects, The first ever IDO was introduced by the raven protocol in June 2019 and listed on Binance DEX
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