IDO- Overview

[Ridam 7455]

IDO are now the booming technology in the crypto world. People are making huge money taking part in the IDO. We will talk about the IDO in detail in the subsequent part. Stay tight.

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):

1. 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.
2. KICK Pad- is the newly established launchpad platform also based on the BSC.
3. 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.