What is an IDO? An IDO, Initial Dex Offering, is a safer method of raising funds for startups in which a crypto exchange acts as counterparty and raises funds on your behalf. The exchange provides a platform where you can conduct your token sale. You can then sell your tokens to individual contributors in exchange for fiat or any other cryptocurrency.
The IDO token sales model was actually pioneered by Binance cryptocurrency exchange when it launched its very own IDO platform called Binance DEX. Among the projects to have successfully conducted a token sale on the Binance platform include BitTorrent and Fetch.AI
BitTorrent managed to raise $7.2 million in just 15 minutes while Fetch.AI raised $6 million in just 6 seconds!
Right now IDO is gaining momentum at a rapid rate both between investors and exchanges. TokenMinds has partnered with the top five exchanges to help our clients with the initial exchange offering token sales process.
From project evaluation to IDO marketing and token sales, we can get you going in as little as a few weeks. Our IDO packages start at 12.9k USD upfront plus a percentage of funds raised.