photo credit to @wahyunahrul

I found the lecture very interesting and I learnt a lot. Here is my submission

Question 1
Explain in your personal opinion whether IDO should be done on cryptocurrency.

Innovation is a never ending process in the crpto space. New ideas or ways to make transactions and distribution of tokens easier, better and more secured are been developed and implemented.

Initial Dex Offering also known as IDO refers to a project launching a coin or token through a Decentralized Liquidity Exchange. Here traders can swap tokens including crypto and stable coins and it depends on liquid pools. It is an excellent option for startups who wants to launch a token and access immediate funds. It's done if a project issues tokens that will be listed on a Decentralized Exchange.
In my own opinion, since the main goal of every cryptocurrency startup or new project is to ensure circulation of its coins or tokens to a larger audience and IDO serves this purpose efficiently. Its Decentralized Feature is opening up a new way of fundraising in the crypto market, eliminating malicious third party and protecting the project. It's a fair way to launch a new project because it's an issuance system which favours Community Members over Prospect Founders. Compared to ICOs, IDOs are more secured, easier and zero fees in charges. Then Initial Dex Offering should be done in cryptocurrencies.

Question 2
Can IDO have a significant impact on the cryptocurrency world?

It's hard to overlook the fact that ICOs are centralized and vulnerable to theft, human error and lack of privacy, however with the decentralized nature of IDOs this new fundraising model is attempting to solve the issues of ICOs while adding new possibilities to the crypto market.
By crowdfunding with Initial Dex Offering entrepreneurs can release a block chain product that goes beyond malicious third party influencers while eliminating any issues regarding hackers and human error. Also token buyers and holders are instantly secured on wallet and private keys.

Another significance of Initial Dex Offering is that projects are not required to pay high fees and it doesn't require anyone's permission as it is a completely Decentralized Offering.
Also in IDOs, vocal community members are the ones who vet projects and tokens, this open doors for small projects and massive collaborations. Compared to IEOs and ICOs which involves waiting period, The Initial Dex Offering provides access to liquidity and trading, it delivers a secured wallet and trading platform support built into one interface, it can also support other types of wallets.
Reference

Question 3
Explain one example of a token that has done IDO but failed/rug pulled.

Turtle Dex

Source

Turtle Dex which touted itself as a Decentralized Storage Platform for users successfully duped users by claiming that it could help users keep data and preserve files without needing the computer.
These claims initially helped the Turtle Dex Team raise funds in the pre-sale round in just two hours. Next the team would follow up this successful fundraising round by opening up their liquidity pool on two major BSC Dex, Pancakeswap and Apeswap. It's investors shortly after raising 9000 Binance Tokens worth $2.5million was rug pulled. Reference.

Question 4
Make a detailed fundamental analysis of 2 tokens that have done IDO and compare these two tokens and give your analysis.

Fear NFTs

Source

Fear NFTS develope rich animated original horror based blockchain NFT games targeting teenagers and young adults. Utilizing their large user base they aim to enrich its gaming experience for existing and new players by introducing Game Asset Ownership and interacting via Ethereum. Their success will be reflected in the ERC-20 Fear Coin which will benefit long term holders and it's gamers will also be able to Play to Earn by forming NFTS and wining fear coin prize pools, incentivising the continuing interaction and support for the games. Reference.

NFTb

Source

Is an NFt market place built for speed and affordability on the Binance Smart Chain and expanding to multi-chain support with subsequent product updates. It's a curated market place that allows unique digital artwork to be traded and collected. It allows for trading and collecting NFTs at a fracture of the cost with the BSC. Reference.

compare the two tokens and give your analysis.

NFTs are the latest trend in the Crypto Community. So many projects have been developed to operate as NFTs. NFTS means Non Fungible Tokens, it could be an artwork, comic, a song etc. They are not in physical forms but rather digitalised and minted and can be sold. The Fear Token and the NFTb both operate on the NFT Blockchain. The Fear NFTs is a block chain NFT games while the NFTb serves as a market place for NFTs. Fear NFTs was built on the ERC-20 network while NFTb was constructed on the Binance Smart Chain network.
The Fear NFTs and the NFTb used the Initial Dex Offering in the distribution of its token.

For the NFTb IDO it was launched in BSC, 20,000,000 NFTb tokens were put on sales and $120,000 was raised. The IDO price for the NFTb was $0.006.

Fear NFTs was Launched in Dao Maker, 950,000 tokens were put on sale and $95,000 was raised. Private sales were held as well and $1,037,500 dollars were raised. During the IDO price for Fear NFTs was $0.100.

Question 5
Look for 1 token that's currently IDO and explain the steps to be able to participate in the IDO

Polkaplay

Source

Polkaplay enables users to create content, NFts and earn rewards with Polo token. Polkaplay will be conducted on BSC station, 29th of July.
To participate on BSC station here are the following steps:

1. Sign up on app.polkaplay.io
2. Join the Polkaplay Telegram
3. Follow Polkaplay on Twitter
4. Join the BSC station Telegram
5. Follow BSC station on Twitter
6. Like and retweet the campaign tweet, tag 3 friends and share the link in the white list
7. Fill the form and submit

Conclusion

IDO is a new innovation in the crypto community that allows for easier, safer and faster distribution of tokens. It's highly decentralized feature has made it the favorite and preferred by new projects who wants to launch and circulate their tokens. It also enables these start-up projects to raise funds which in turn is used to build their community. The Initial Dex Offering has become an important aspect of cryptocurrencies because of the opportunities it offers.