Initial DEX Offering (IDO) is a method of crowdfunding investment capital for the launch of new token projects on a decentralized exchange (DEX). A DEX is a crypto exchange platform that operates without a centralized authority.
Unlike Initial Coin Offering (ICO), IDO does not require an intermediary or third party. Newly launched tokens can be directly traded between users on the DEX platform. Because they can be traded immediately, IDOs have instant liquidity. Examples of popular platforms for IDOs include UniSwap, SushiSwap, and PancakeSwap.