Cryprtoacademy | season3 week 5 | IDO by @amritraj

Hey, everyone I go through the lecture of professor @wahyunahrul about the topic IDO. I understand the topic very well and enjoyed the lecture alot. Now am submitting my homework post.

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My answer is yes, because the initial decentralized issuance (referred to as IDO) is a great activity. On the decentralized platform, the tokens will be launched at the initial price according to the agreement to attract more investors to participate in the project. This is a fundraising event that has generated millions of dollars from token and project well wishes.

These tokens that have experienced this event are usually new and have not been listed on the decentralized exchange platform or listing site, they pay very little attention to investors. But with this very new event in the decentralized ecosystem, these tokens will be widely known and traded on the decentralized exchange platform, and their prices will skyrocket. The successful IDO is a big event that has a big impact on these tokens. These major impacts are beneficial, including: Raising 4.44 billion yuan for further research and development of the project. Tokens and projects for great awareness and lighting activities. Popular lists and trading pairs of tokens. The token price increase rate is high.

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TOKEN ACQUISITION

The IDO token acquisition provides tokens to its participants, which is new and different from our fundraising activities in the world of cryptocurrencies. Although tokens and coins are similar in use and can be used interchangeably as context. However, owning this governance token can be used as a means of payment and other useful functions, but it still has an impact on the protocol. This is only worth noting on the Dash network, where owning your token will affect your network. Since the token is unique to your specific network, the token breaks this barrier and is unique to all networks, and its use for payment does not require an intermediary because it is a great Dex product.

INCREASED PRICES

The participation of tokens in IDO has a positive impact on its price. As the project has undergone many economic developments, the price will increase after the incident.
For example, the UMA protocol participated in a successful IDO and the initial price of the token was $ 0.26. With the exchange of more investors and tokens. The price skyrocketed above $ 2.5 . This is one of the positive meanings of IDO activities for tokens and their projects.

LIQUIDITY

Participation in IDO allows the said tokens to have instant liquidity without slippage, because the agreement to use your tokens in IDO basically requires liquidity for your liquidity pool to allow exchange. Unlike what can be obtained in ICO/IEO, in ICO/IEO, many currencies provided have a limited amount of different liquidity, and the slippage is very high.

LOW COST LISTING OF TOKEN

He spent a large amount of money before listing tokens / coins on various trading platforms. Some are not listed because they do not comply with the review rules of these platforms, but when Dcoin conducts IDO through liquidity exchanges, it will be quickly listed and the cost of implementing new smart contracts to manage its liquidity and asset pool is very low. . Symbolic.

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The decentralized financial ecosystem has experienced a high market value of more than 200 billion U.S. dollars, and there is no central intermediary in its financial services. These huge advantages create a privileged scenario that attracts hackers and scammers to carry out illegal activities.

One of their very common illegal activities in IDO is called carpet pulling. CipherTrace reports that in 2020, more than 90% of all encryption-related scams are made up of Rug Pull.

Defi Rug Pull is a new kind of exit scam. After the developer succeeded in IDO and the project was vastly improved, he abandoned the project and fled without a trace with investor funds. This usually happens when a fraudulent token creator creates a token and lists it on an unaudited decentralized platform. They can even pair it with some leading digital currencies (like Ethereum, etc.) and encourage exchange. After a successful fundraising campaign (ie IDO), to attract more customers and raise more funds. These scammers stole the funds raised and withdrew all the funds in the asset tokens, and escaped as shown in the image above. Adversely affect the financial condition of investors.
Compounder Finance is a good example of crypto-related scams. Earlier this year, after successful IDO, the creator of this Compounder financing withdrew a large investment asset of approximately US$ 10.8 million. US$750,000 in Bitcoin, US$4.8 million in Ether, US$5 million in DAI and other investors’ funds were stolen. The malicious contract allowed them to steal the funds they used to replace previously properly audited smart contracts.

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MAKI TOKEN

The MakiSwap protocol has a successful but private IDO, in which 1.4 million USD was raised for further development of the project, and the MAKI token is included in the smart contract of Binance and Ethereum.

According to Coinmastercap.com, Maki token range # 2916, the current market price is $ 0.09747 and the 24-hour trading volume is $ 597,082. The price of Maki tokens has increased by more than 4.86%.

MAKI tokens are listed on many decentralized and centralized trading platforms such as BitMart, Hotbit, and Bitlaxy. You have many trading pairs on these trading platforms, such as MAKI / USDT, MAKI / BTC, etc.

TERA TOKEN FROM TERABlock

The project has had two successful fund-raising activities recently. The first time was private funds from its loyal investors, who contributed US$2.4 million, and the second time was an IDO fundraising activity, which raised US$3 million. In total, more than 5.4 million US dollars were raised for the development of the project.

According to Coinmastercap.com, the token rank #1105, the current market price is $0.0054USD, and the 24-hour trading volume is $185,717USD. The token price has risen by more than -2.16%.

Coins are traded on various trading platforms such as BigOne, ViteX, Hotbit, etc. There are trading pairs such as TERA/BTC, TERA/ETC, and TERA/USDT.

MY OPINION BASED ON THE ANALYSIS ABOVE.

Compared with other tokens, these two types of tokens have higher comparative advantages. Their trading volume has increased by a percentage, which is a good portfolio for savvy investors.
Other tokens with successful IDOs and projects plan to hold similar fundraising activities to generate more funds and protocol development.

These tokens include cBSN tokens from the BlockSwap network.

• Ben Qi
• Lv Cai

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METHODS OF PARTICIPATING IN THE IDO

Step 1

Login into the website https://ignition.paidnetwork.com/. And click on see whats next.

Step 2

Then we reach on this page and on right top corner click on three burger option.

Step 3

Now if you have account then login otherwise signup.

Step 4

Now fill alll the details and sign up.

Step 5

When you successfully signed up then confirm the mail.

Step 6

Now, connect to wallet.

Step 7

Then connect metamask which you will have on phone.

Step 8

Now click on the dashboard.

Step 9

Click on pandora as i have selected this.

Step 10

Now click on join pool. And continue further.

IDO is the future of initial cryptocurrency releases, especially on decentralized platforms, because it has major innovations such as low-cost liquidity and instant exchange. Through this event, funds can be provided to continue to improve these agreements and projects. Although IDO has some limitations and gave birth to a carpet plan, proper auditions and excellent inspections will continue to increase investor confidence in these exciting events.