IDOs as an upgrade of ICOs
The maturation of the cryptocurrency industry as a whole has led to the creation of the initial DEX offering (IDO), one of many creative fundraising approaches. But the first fundraising approach in crypto was the initial coin offering (ICO), which in 2017 generated a lot of ill will. It also turned many early investors into overnight millionaires.
An ICO is an unregulated approach to crowdsourcing funds from retail investors. The main challenges with ICOs concerned the lack of control and investor protections. Without any control mechanisms, project teams were not subject to any due diligence.
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Initial DEX offering (IDO): A beginner's guide on launching a cryptocurrency on a decentralized exchange
cointelegraph.com
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Reading this article gives me all kind of red flags, beware, it seems to be a hard sell on IDOs argumented by the prospect o earning money instead of technical information and value.
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