Post
Topic
Board Altcoin Discussion
Re: Important variations on ICO model
by
shogun47
on 20/06/2021, 05:30:06 UTC
New fundraising model that most popular now is IDO/Initial Dex Offering. I though this fundraising model more transparan than ICO because the hard cap/ the target of token sale is lower than ICO. In 2017 alot of ICO targeting hard cap above $20 Million, but for IDO less than $1M, even lower than $100k. This mean the team member is not greedy and they dont want make investors loss money.

The lower caps doesn't make anything more transparent. IDOs are just a new name or rephrase in order to attract investors again who got burnt by ICOs. The dangerous part of IDOs is that people think once a project is launched on a launchpad of an exchange, that project is automatically legit. That however is often not the case because the exchange abstain from taking any responsibility whatsoever. Sometimes they don't even conduct due diligence of any sort, but just provide the platform.