Every IDO platform that you potentially consider will do due diligence on the project, potential for return, and legal status of the offering before any sale takes place
An Initial DEX Offering (IDO) is a fundraising mechanism in the cryptocurrency space that allows companies or projects to launch tokens on a decentralized exchange (DEX).
IDOs are more decentralized and permissionless than an initial coin offering (ICO), meaning they are not controlled by any single entity and are open to anyone with an internet connection.
When a project launches an IDO, it releases a coin or token for purchase on a DEX, a type of cryptocurrency exchange that uses liquidity pools to allow traders to exchange tokens, including cryptocurrencies and stablecoins.
What is an IDO Platform?
An IDO platform is a DEX that is specifically designed for hosting IDOs. Notably, most IDO platforms are different from a DEX that a user would typically trade on, such as Uniswap, Sushiswap, or DyDx. Instead, the IDO platform serves as a venue for launching a token, doing “Know Your Customer” (KYC) if needed, and helping the project market and deploy their token to potential investors.
The Benefits of IDOs Over ICOs
Overall, the main benefits of IDOs over ICOs are the use of decentralized technology, reduced regulatory burden, and the potential for more significant price discovery. However, it is essential to note that both ICOs and IDOs carry a high level of risk, and it is crucial for investors to carefully consider their options before committing any funds.
Top IDO Platforms for 2023
A number of decentralized exchanges (DEXs) offer Initial DEX Offerings (IDOs) and are considered top IDO platforms. Of course, every platform has its advantages and disadvantages, but the one thing they have in common is that each platform will vet projects, and any entity looking to do an IDO should consult their legal counsel to avoid potential legal issues with financial regulators.
Here are a few examples of the top IDO platforms:
Polkastarter
Polkastarter is an IDO platform that allows users to participate in the sale of new tokens and projects and notably has an extensive history of launching hundreds of tokens across multiple chains, including Ethereum, Polygon, BNB, and Avalanche.
Top Projects Launched:
- Galaxy Fight Club
- OkLetsPlay
- Humans
- Wonderman Nation
- Nitro
Location:
- Lisbon, Portugal
Other Services Offered:
- Advisory Program
- Tokenomics Design
- Follow-on Capital
- Marketing Support
- Branding Strategy
- Listing & Scaling
Pricing:
- Contact for Pricing
BSC Pad
BSC Pad is the first IDO platform on BSC, leading the chain in this market segment. The platform utilizes a two-round system that ensures every tier level is guaranteed an allocation for launches, eliminating the first come, first serve approach or the use of bots that happen on other IDO platforms.
Top Projects Launched:
- MeDIA eYe
- BlockBank
- YDragon
- Katana Inu
- XP Network
Location:
- British Virgin Islands
Other Services Offered:
- Incubation
- Marketing Support
Pricing:
- Contact for Pricing
DAO Maker
DAO Maker is a unique IDO platform insofar as it focuses specifically on launching IDOs for Decentralized Autonomous Organization (DAO)-based projects. It has been highly successful in this niche, raising over $32 million for its supported projects.
Top Projects Launched:
- ChainPort
- Step.app
- Sweat Economy
- Hubble
- Resource Finance
Location:
- London, UK
Other Services Offered:
- Farms and Vesting
- Voting
Pricing:
- Contact for Pricing
GameFi
Like DAO Maker, GameFi is a niche IDO platform, except it focuses specifically on the crypto-gaming space. It has launched over 60 gaming projects, with an average all-time high return of 61 times the initial IDO price.
Top Projects Launched:
- beFitter
- OceanLand
- Orbitau
- Spellfire
- Ertha
Location:
- Hanoi, Vietnam
Other Services Offered:
- Aggregator of blockchain games
- Marketplace for in-game items
- Staking pools
Pricing:
- Contact for Pricing
Bull Perks
Bull Perks claims to be “The fairest and most community-oriented decentralized VC and multichain launchpad,” specifically with a focus on accessibility for backers. After launching dozens of community-focused projects, it may live up to the claim.
Top Projects Launched:
- Bloktopia
- This
- CryoWar
- GamesPad
- Highstreet
Location:
- British Virgin Islands
Other Services Offered:
- Staking and Farming Pools
Pricing:
- Contact for Pricing
Conclusion: Choosing the Best IDO Platform
When choosing the right coin offering platform for your project, you and your team need to weigh the best method for distribution (IDO or ICO), and the best platform. While Polkastarter and BSC Pad work with a broader variety of projects, more specialized IDO platforms such as DAOMaker and GameFi do exceptionally well in the DAO and Gaming industries.
Even though the regulatory burden on IDOs is significantly less than ICOs, every IDO platform that you potentially consider will do due diligence on the project, potential for return, and legal status of the offering before any sale takes place. It’s best to talk to the legal counsel of your project and each team of the various IDO platforms before choosing what’s suitable for your project.
If unsure about what route to take, feel free to contact our specialized Web3 marketing team at Coinbound who can direct you in the right direction.
