In the cryptocurrency industry, the popularity of fundraising takes over with the Initial Coin Offerings (ICOs) and Initial DEX Offerings (IDOs), accounting for getting funds directly by projects from investors. It is rewarding for traders and investors to get ahead of the game in emerging areas should the due diligence be correctly conducted.
In an ICO, the token sales offer to investors directly via its own platform or any other means prior to exchanges going live, but in an IDO, token issuance on decentralized exchanges (DEXs) takes place where tokens are offered to the public more transparently and more automatically. Both IEO and IDOs give investors immediate access to tokens at the lowest possible prices, hence offering stunning return potential on a growing project.
Evaluation of Proper Investment Mode:
For evaluating the insultancy of different-case ICOs and IDOs,
An assessment of favorable controls on knowledge
Project Foundations To Solving Problems And Route Map Projection: The study encompasses the group credentialing, addressing of the problem, and development on the project's path map.
White paper Review: Look at the tokenomics, utility, and proposed use cases of the token.
Community and Partners: Strengthened communities and respected partnerships create the credibility.
Reputed platforms: Also, the reputation of the launchpad hosting IDOs (e.g., Binance Launchpad, Polkastarter) gives you great confidence.
As lucrative as early investing can be with high returns, it is fraught with risks. What investors face is a plethora of scams, regulatory uncertainties, and more in respect with failed projects, diversification, and investigation in order to mitigate them.
In this way, potential growth in blockchain projects can be well anticipated and realized by investors who conduct sound research on the ICO and IDO regarding the prospects.
Thanks
~ Nesaty