So how will this work on a decentralized exchange? The project owners will mint millions of tokens and dump them directly to whoever wants to buy it? In an IEO, they centralized exchanges have a screening process but how about IDO? No filtering of would be investors?
Sometimes I wonder how this IDO's are conducted on a DEX, honestly this makes all those DEX seem a bit centralized, for DEX your wallet has to be Whitelisted else you won't be able to participate in that IDO, which is totally unfair because only whales who stake higher can be able to participate in most of these IDO's.
IMO is complete scam, almost everyone was intrigued when IMO was announced, many thought we finally have a better crowdfunding strategy but in the end it's all scam, every projects that runs through IMO for fundraising have lost 99% value
I avoid projects that use this IMO system, cause countless times only the investors end up losing because the coin eventually dump even below the price they bought it, it's never profitable.