- What are Initial Exchange Offerings?
- What is IDO crypto?
- 4. Launchpads with Highest Fundraised (M($)) (all time)
A popular technique of raising money in the blockchain environment is IDO crypto. The method resembles an IEO crypto, although some slight differences exist. Suppose you intend to raise funds for your project using either IDO crypto or IEO crypto. In that case, it’s essential to understand the performance of different exchanges and launchpads. This enables you to identify the platform which can increase the odds of success of your project. If you’re stuck, you can consult an experienced crypto consultancy agency to help you in choosing the right platform.
With the help of infographics, we explain the performance of IDO crypto and IEO projects on various exchanges and launchpads.
What are Initial Exchange Offerings?
Before explaining the performance of these two fundraising techniques, it helps to define them first. Initial exchange offering is a method of fundraising where an exchange platform plays the role of an intermediary between an early-stage firm looking for funds and the investors. In this fundraising model, the exchange manages IEO crypto and the sale procedure on behalf of the startup. Many blockchain entrepreneurs prefer IEO projects because the exchange vets potential investors.
What is IDO crypto?
Many blockchain project owners keep grappling with this question: ‘what is IDO crypto’? The acronym IDO stands for Initial DEX Offering. It’s a popular way of crowdfunding that allows crypto projects to raise funds by selling their tokens on decentralized exchanges. IDO crypto is the latest fundraising framework popular for DeFi and DApps projects. The famous DEX platforms include Uniswap and PancakeSwap. With this technique, project owners develop a liquidity pool with the typical digital currencies, such as BTC, Eth, or USDT. Any investor with an IDO crypto wallet connected to a web3 wallet can buy the token without identity verification.
Now that you’ve understood IDO meaning crypto, let’s switch to IEO/IDO infographic analysis.
1. Exchanges with the highest amount fundraised and number of IEO
- Gate.io is the topmost exchange out of the ten evaluated. With slightly over 110 IEO projects, Gate.io has raised $140 million. Project owners prefer Gate.io because of its multiple perks, including massive tradable coins and low trading fees.
- Binance: The second IDO crypto exchange performing well is Binance. It has raised around $120 million from its 13 projects. Its IEO projects include Bread, BitTorrent, and Fetch.IA. The key advantages of Binance for IEO projects include its strong relationship with quality investors, top-notch consultants, and a sleek platform.
The exchanges whose performance is below par include:
- FTX, Bitmart
All these exchanges raised less than $1million and one or two projects on their platform.
On the other hand, Huobi Global and OKEx raised over $25 million through their platforms. However, the number of IEO projects conducted on their platforms is below 10.
2. Launchpads with Highest Number of IDOs Conducted (all time)
IDO crypto launchpads are a popular option for investors because they enable participants to access the best projects before listing them on public exchanges. A significant advantage with IDO meaning crypto is that participants can access projects at the lowest rates. Unfortunately, the Launchpad market is awash with multiple platforms. And some don’t secure outstanding projects for their investors. So, many project owners find it challenging to choose the best IDO crypto launchpads. However, with an IDO crypto wallet, you can access multiple platforms to launch your project.
If you’ve got an IDO crypto wallet, we crunch numbers for ten launchpads to help you pick the best ones in the market.
Launchpads that have raised over $25 million include Polkastarter and DAO Maker. Polkastarter raised a total of $28 million, while DAO Maker raised $26 million. Paid Maker followed the above-mentioned market leaders closely by raising $19 million.
Launchpads that have conducted over 70 IDO projects include Polkastarter, DAO Maker, Poolz, PAID Network, and Trustpad. The platform with the highest number of IDO projects is Polkastarter, with 90 projects.
Those with the minimal number of IDOs include Oxbull.Tech, Seedify, and GameFi. Each of these launchpads has less than 13 IDO projects.
3. Exchanges with Highest Fundraised (M($)) (all time)
Out of the ten exchanges evaluated, Gate.io has raised the highest amount representing 38%. Binance occupies the second position with a share of 30% of the total amount raised by these platforms. Bittrex, Kucoin, Bitforex, and AscendEX have raised meager amounts from these projects.
4. Launchpads with Highest Fundraised (M($)) (all time)
IDO launchpads are websites for launching new tokens, blockchain projects, and raising liquidity. They are popular with DeFi projects. Because the crypto project lives on the blockchain, people from various parts of the world can contribute.
Polkastarter, DAO Maker, and PAID Network are the best launchpads with the highest amount raised. Polkastarter is at the top of the charts with 19.9% of all the raised so far. DAO Maker follows the platform closely. It has 18.9% of all the amounts raised through these platforms. PAID Network is number 3, taking 12.7% of the amount raised.
Platforms with moderate performance include Trustpad, BSCPad, and Seedify. These have between 7-8% of the total funds raised.
Launchpads with the least money raised so far include GameFi, Oxbull.Tech, Red Kite, Poolz, and Solanium.
5. Total Fund Raised IEO (M($)) (Nov 2021 – Jan 2022)
If you have an IEO project, it’s essential to understand the recent performance of various exchanges. This helps you make an informed choice and pick an exchange that can boost your chances of success.
We evaluated six exchanges for the last four months, from November 2021 to January 2022. The reviewed exchanges include Binance, Bybit, Gate.io, Huobi Global, Kucoin, and Mexc Global. Binance was the best performer and raised between $4 and $6 million during this period. Cumulatively, Binance raised $14 million during the four months.
Huobi Global clinched the second position during this period, raising $6.3 million cumulatively. ByBit occupied position 3 with $4.4 million during the time under review. The worst performers during this period include Kucoin, Mexc Global, and Gate.io.
6. Total Fund Raised IDO (M($)) (Nov 2021 – Jan 2022)
During this period, the best IDO crypto Launchpad for project listing were Dao Maker, Polkastarter, and Seedify. Dao Maker raised $7.5 cumulatively during this period. Polkastarter was the best during this time as it raised a cumulative amount of $9.1million.
Entrepreneurs in the blockchain environment may wish to understand the best platforms to list their IDO crypto projects. Here, we’ve evaluated the performance of various IDO launchpads and exchanges. The information can help you make an informed decision while looking for a platform to launch your project. You can also hire an experience company on IDO crypto to help you.