Thread by @ChainDebrief

Looking For The Next 10x? Why You Should Consider Investing In An Initial Dex Offering (IDO)

1/10 An #IDO occurs when a project decides to launch their token on a Decentralised Exchange (#DEX), which assists in the fundraising process. IDOs provide three benefits to the projects compared to an Initial Coin Offering (ICOs) and Initial Exchange Offerings (IEOs):

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1) Better and immediate liquidity: Allows tokens to openly trade immediately with lower price fluctuations

2)Fairer launch: IDOs allow almost anyone to invest

3)Lower fees and simple solutions: Some DEXs offer services to launch IDOs more efficiently compared to IEOs

3/10 Why invest in IDOs?
Being decentralised, investing into IDOs are a way for investors to invest in new projects that are trying to innovate in the crypto space. Should the projects turn out to be promising and successful, you may be investing into the next big thing.

4/10 How to participate in an IDO
There are many IDO platforms out there and each of them have a different method of participating with them, but here’s rough guide to a popular platform — @polkastarter

5/10 There are generally two routes into participating in a Polkastarter Project. The Polkastarter Token Route or The Project Community Route. The Polkastarter Token Route generally revolves around its native token $POLS.

6/10 In order to get whitelisted through this route, investors have to gather points call “POLS Power” through certain blockchain activities:

1) Hold POLS for a minimum of seven days

2)Hold POLS LP tokens on @Uniswap or @PancakeSwap for a minimum of seven days.

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3)Stake POLS on their dashboard. Granting instant access to whitelist eligibility, but locks your tokens for seven days.

Completing these will allow you to join the whitelist lucky draw, and if your wallet address is chosen, you will be allowed to participate in the IDO.

8/10 For the Project Community Route, projects typically engage the community through their own means to select their most dedicated followers to whitelist. This differs from between projects, and when the project announces its listing , the whitelist usually will be closed.

9/10 Once you have your whitelist, you will have to go through the Know-Your-Customer (KYC) process to ensure that no bots were registered in the process and compliance to regulations.

10/10 List of IDO platforms

@GameFi_Official : An IDO platform which focuses on bockchain games

DAO Pad: Another popular IDO platform by @TheDaoMaker, with projects being vetted strictly before listing

@BSCPad : An IDO platform on the Binance Smart Chain

Find out more at chaindebrief.com/investing-in-i…