what are IDOs and things to know before participating in IDOs|| How to participat in IDOs||

What's an IDO?

Brief :- IDO means Initial Dex Offering of tokens before public launch on Market in launchpads by staking mechanism to get allocation also

These days many people are taking about crypto and in India news about crypto regulations etc, and majority of the people who are already in crypto thinking about investing in new coins (or) tokens at early stage to gain more profits

Though investing in tokens before their launch is profitable it also has high risks ❌❌❌ also

So, that's why launchpads and DAOs were made for people who think like that

If you want to do participate in token sales before launch on Market, then IDOs are for you

IDOs aren't rocket science they are a initial launch pools of any token before launch

If you heard of IPOs in stocks the it is as same as IDOs Initial Dex Offering

Okay 👌👌👌 super awesome 😎

You know what's an IDO is 

So, how to participate in them 😃???

Here's a brief understanding of how launchpads of IDOs work

👉Every launchpad has their own tokens which you should buy and stake or hold according to the tier required

👉KYC required and must and should

👉Some of the countries are not allowed to buy, so do check the policies

👉Most of the launchpads follow tier system higher the tier, the higher the allocation

👉Low tier stakers or holders have to do some social tasks to get qualified

👉Some tiers are lottery based

👉Community sales are available to the specific token community but less allocation and lottery based system

👉 Allocation depends on the pool size

👉Only few launchpads are selected for participating in IDOs of any specific tokens

👉Mostly you need to stake 30k$ or above to get a gaurented allocation

You got selected in winner list how to buy?

👉Go the link given by official site and check the link again

👉Check your allocation and buy when pool opens

👉Claim (or) the tokens might be airdropped mostly depends on launchpad

Note :-

•Every launchpad is unique and shouldn't be compared with other launchpads

•Vesting period is there which means not all your tokens will get distributed that launchday itself, every token has different locking periods, so the price might go up (or) down 

• Non financial advice

Some of launchpads you should check

Polkafoundary, poolz, gamefi, seedify, starter and again these are my choice

And their tiers

|Poolz is allocated on ranking system|

#wazirx #wazirxwarriors #launchpads #ido #gamefi #metaverse