An Initial DEX Offering, or IDO for short, is a crowdfunding method that allows upcoming new projects to launch their native token or coin via decentralized exchanges. In this way, the community can bootstrap a project and help fund the development process to get a dApp to market.
What is ErgoPad?
ErgoPad is a project incubator offering token IDOs which provide funding for new projects within the Ergo ecosystem. Ergopad released its own native token through an IDO, and users are now able to stake Ergopad tokens through smart contracts on-chain. If you stake ErgoPad tokens and reach one of the staking tiers, you’ll be given an opportunity to contribute to the DAOs of projects launched through the Ergopad platform, before they go live on any DEX.