Crypto Academy Season 3 Week 5||Initial Dex Offering home work For Prof @wahyunahrul by @shylock2002

Greetings everyone

Welcome once again to another wonderful episode

HOME WORK QUESTIONS
1). Explain in your personal opinion whether IDO should be done on cryptocurrency.

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

3). Explain one example of a token that has been IDO but failed/rug pull.

4). Make a detailed fundamental analysis of 2 tokens that have done IDO, and compare the two tokens. Then give your opinion on the results of your analysis.

5). Look for 1 token that is currently IDO and explain the steps to be able to participate in the IDO.

6). Conclusion.

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

My respond is YES due to the reason of INITIAL DECENTRALIZED OFFERING which is having an abbreviation IDO,Is a great event where a token is launched on a decentralized platform at its initial price by its agreement to gain more investors on their projects.It is also a fundraising event where million of dollars are caused for the good wishes of the token and project.

These token that goes under the event,Mostly are new and have not been named to the decentralized exchange platform,Their attention from the investors are very low.But for for this event that is very new on the decentralized ecosystem,With time these token will be familiar and well named on decentralized exchange platform and all their prices value will increase rapidly.

The prosperous IDO is a great event having a great effect on those token.
Some advantages and their great impact includes

• A great campaign for the recognition and inform for the project and token.

• High increase rate of price of the token.

• Having of fund been elevated for the development and extra research on the project.

• Vital listening and trading pairs of the token.

IDO is a great event with the same operation or policies or principle.With some similar events like ICO and IEO but many disparities.Below is the difference been named in a table form.

PARAMETER	IEO	IDO	ICO
TYPES OF CRYPTOCURRENCY THEY OFFER	COIN	TOKEN	COIN
WALLET USED	HOT WALLET	COLD WALKET	COLD WALKET
THE EXCHANGE FEE	NO	NO	NO
THE LAUNCHING PLATFORM	CENTRALIZED PLAFFORM	DECENTRALIZED PLAFFORM	WEBSITE OF THE PROJECT

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

These are some important IDO has impacted on cryptocurrency world.

• LIQUIDITY

The engagement in the IDO has enable such token to get instant liquidity without process of slipping because the official procedures with its token in IDO primarily required to get liquidity for its liquidity pool to permit swapping,Unlike what is gainable in IEO/ICO.Where so many coins provided are restricted in the number of the several liquidities with a very high process of slipping.

• INCREASED PRICES

The participation of the token in IDO is having a useful impacts on their prices.There is an increasing in the prices before the event as a numerous economic development are skilful in the project.Lets say https://umaproject.org/ protocol involved in a successful IDO having the initial prices of the token at $0.26.As the many swapping and investors of the token.The price will rapidly increase to over $2.This is one of the useful consequence of IDO events to token and its project.

• LOW COST LISTENING OF TOKEN

Before a coin or token is been named on many percentage PLAFFORM,It cost a vast amount of money.Some were not named because it did not have the quality to the consorship rules of those plafform but whenever token undergoes IDO with liquidity exchange,It get named on time and at a very low gas fee for the new fast agreement position to control it’s liquidity pool and token assists.

3). Explain one example of a token that has been IDO but failed/rug pull.

The decentralized fiance ecosystem have been able to skilled high market capitalization with a worth of over $200 billion and do not have any central mediators in all their financial services.This wonderful quality create a prime theatre that has attract all the intruders or hackers and scammers to perform their illegal activities.

One of the common illegal activities on IDO is called the RUG PULL.
cipherTrace has been told that RUGG PULL setup over 90% of all the crypto related to fraud as in 2020.

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The DEFI RUG PULL is a new form to quit scam,Whenever a developer leaves the project and go away without trace with the investors funds.Aftet a prosperous IDO and a wonderful improvement in their project.This mostly happens whenever a fraudulent token maker,Makes a token and named it on decentralized plafform without a survey.They can even set with some of the major digital coin such as ETHEREUM etc,And it also inspire swapping.After a prosperous fundraising event(that is IDO) to charm many customers and lift up more funds.These fraudsters thieve those lifted up and remove all the funds in the token assets and breakout as displayed on the picture above.To the harmful effects of all the financial position of investors.

Compounder finance Is considered as a good example of Rug pulled crypto connected scam.Early this year,After a successful IDO,The maker of this compounder finance clear out a vast assests from the investment of about $10.8 million.The wrapped bitcoin of $750,000,Ether of $4.8 million,DAI of $5 million and other funds of its investors was thieve and the malicious contract makes them to thieve those funds which they used to put back the previous smart contracts that was duly inspected.

4). Make a detailed fundamental analysis of 2 tokens that have done IDO, and compare the two tokens. Then give your opinion on the results of your analysis.

MAKI GOVERNANCE TOKENS FROM MAKISWAP PROTOCOLS

The makiswap protocol got successful but was aprivate IDO.Where an amount of $1.4 million was lifted for the further development of the project and the Maki token was named on the Binance smart contract and ETHEREUM.

As stated in coinmastercap.com maki token has been ranked #3056,Currently the market price is $0.09641,With a 24hrs trading volume of $333,697.There is over 19.33% increase in the price of the maki token.The highest supply of Maki token is 1 billion and the circulation supply is limitless.

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The maki token is named both on decentralized and centralized exchange on many platforms such as Hotbit,Bitmart and bitlaxy.It is also having pairs likes MAKI/USD, MAKI/BTC and many more on these exchange platforms.

TERA TOKEN FROM TERABLOCK

Currently,This project got two successful fundraising event,The first one was a private funding from their faithful investors add up to $2.4 million,Whiles the second fundraising event on IDO where $3 million was able to raised.In total over $5.4 million was lifted for this development of project.

As stated in coinmastercap.com the token is ranked #1106,Currently the market price is $0.005214,With a 24hrs trading volume of $77,802.There is over 30.09% increase in the price of token.The market capitalization of $4,401,770 and the circulating supply of $844,744,128.00 TERA coins.

The coin is named on some exchange plafform including Vitex,Hotbit and BigOne and many more having a trading pairs of TERA/USDT,TERA/ETC and TERA/BTC.

PARAMETERS	MAKISWAP TOKEN	TERA TOKEN
TOKEN RANKING	3056	1106
TOKEN PRICE	$0.09641	$0.005214
DAILY % PRICE	$333,697	$77,802
EXCHANGE PLATFORMS	Bitlaxy,Hotbit and Bitmart	Hotbit,Vitex and BigOne

MY POINT OF VIEW BASED ON THE EXAMINATION ABOVE.

To my view both of the token is having a high relatives advantages over the other coins.The percentage which is increase over their trading volume are high and a wonderful investment portfolios for a quick investors.

But the other token that got a prosperous IDO and the project are planning to get a similar fundraising event to operate more funds and development of the protocol.These token may includes.

• BENQI

• DON-KEY FINANCE

• CBSN token from the blockswap networks

5). Look for 1 token that is currently IDO and explain the steps to be able to participate in the IDO.

PANDORA PROTOCOLS.

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Pandora is a very highly scalable,Interoperable and very high infrastructural mechanism that permit assets holders to convert their real-world illiquid assets into a tokenized liquid state.

The token which is named PNDT with a price of $0.14 and a total money lifted until now is $150,00 and the IDO will stop in eight days.

A STEP BY STEP ON HOW TO PARTICIPATE IN THE IDO

There are two different ways to involve in the IDO.The steps are

• JOINING THE WISHLIST:In the wishlist,There specific task given,Liking joining their telegram channel as shown below.

A SCREENSHOT OF MY TELEGRAM PAGE

• Participate in the Pandora moon pool on paid ignition launchpad

PAID IGNITION

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This can be considered as one of the best crypto launchedpad in cryptocurrencies world.It also has the best incentives mechanism and token.The the projects and token that is been launched on this decentralized plafforms are also advertising through it's social media like the telegram channel
to get more investors.This is the steps by steps you can follow to participate in the launching of the token.

• Step 1

You need to login to the AID IGNITION WEBSITE.

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I chose sign up become am not having an account.

• Step 2

After clicking on sign up,I then filled all the required details and I click sign up.

Note you will be sent a confirmation code to verify you email,So I prefer you to provide a valid email.

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• Step 3

Now that you have sign up,You will then click on login to enter your email and password and click login.

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• Step 4

After logging in you will then look for CONNECT WALLET

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Select and click on connect wallet.

I click on meta mask because am having an ETHEREUM META MASK WALLET.

Step 5

You can verify your account with your personal information in the form of kyc verification.It includes picture,Personal information,Adddres etc.

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• STEP 6

You need to click on join pool of the Pandora token. To get engaged.

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TAKE NOTICE HERE

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As you can clearly see from the above picture,All the countries that has been listed is having a restriction to participate in the pool.

CONCLUSION

IDO is the time future of the beginning of the launching of cryptocurrencies mainly on decentralized plafforms,This is because of its wonderful change like intermediate swapping and low cost liquidity.With the help of this event,Funds have been made available for the additional improvements of those projects and protocols.

Even though IDO have some standard and multiply rug pulled scheme,Genuine interviews and wonderful check will keep improving the belief or trust of the investors to this great event.