Transcending from the conventional realm of Initial Coin Offerings (ICO), Initial Dex Offerings (IDO) is a relatively newer approach to fundraising. Key players in the crypto industry believe that IDOs can be the beacon of progressive revolution in the sector. As a result, several crypto-based projects are increasingly steering clear of the centralized trading platforms and listing their tokens priorly on decentralized exchanges.
DEXs do not entail the inclusion of hefty processing fees in contrast to CEXs. Since these platforms do not involve any regulations, tokens listed on DEXs offer substantial liquidity and availability. While ICOs and IEOs have reigned in crypto fundraising over the past, it seems that Initial Dex Offering (IDO) is increasingly becoming the preferred method to dispense tokens and raise capital in decentralized finance (DeFi). IDOs further facilitate the finance community members with its structureless approach, who earlier could not participate in centralized exchange listings due to the unfamiliarity with the regulations and nuances involved.
Correspondingly, investors can now avail of the opportunity to participate in CorionX’s IDO listing. Scheduled to go live from 2-15 November, Tokenizer DEX will be hosting its listing. Investors can benefit from an exclusive promotion offer where they get a 17% sales bonus on token purchases and earn a reward of up to 27% for referring the IDO listing to friends.
Apparent to Darwin’s theory, the most materialistic yet essential commodity, which is money, is undergoing a vast revolution. Stablecoins, CBDCs, and decentralized finance are revolutionizing the programmable money sector, and with CorionX, you can become a part of the loop.
The funds raised from the IDO listing will finance the development and endeavors undertaken by CorionX while ensuring liquidity on Tokenizer and Uniswap. IDOs are reasonably suitable for tech start-ups and projects that are right now in the nascent stages. It further paves the way for development and scalability in the crypto ecosystem. One of the most effective and convenient crowdfunding methods, IDO, is gaining traction in the financial sector specializing in the crypto niche.
By powering the next generation mobile payments through CorionX wallet, CorionX’s sustainable partnerships will enable affordable, instant, and highly scalable transactions via Stablecoins, CORX, and other ERC 20 tokens. With its most recent collaboration with the Teal Marketplace, CorionX will now be able to prompt investors with the best recommendations, analysis, and merchant vendors via proprietary Artificial Intelligence.
However, IDOs entail market risks and jeopardy of cryptocurrency purchases. CorionX’s move to list itself on DEXes, supported with an IDO, serves the investor community’s best interests and further extends CORX use cases.
Keeping the community at its core, the CorionX team is also listing CORX on centralized exchanges. The first CEX listing will be on ProBit exchange on 16th of November.