If in 2017 we had become accustomed to ICOs (Initial Coin Offerings), times have now changed and the new term to watch out for is IDOs (Initial DEX Offerings). IDOs are a kind of revamped ICO where instead of raising tens of millions of dollars for a part of the project, the token is offered to a lucky few (200-300 people) at near-zero prices. Those lucky enough to get access to one of the most anticipated IDOs usually manage to make stratospheric gains of 1000% to 10000%. Typically, however, IDOs offer few seats and put a limit on investment of a few hundred dollars, so as not to offer too many tokens to individual users who might then drop the price after the official launch. Having said that, let’s see which are the best IDO platforms of 2021 (follow them and try to get into some of their IDOs, even though the lotteries are always packed and it’s very difficult to take part in them).
Initial DEX Offering – The Best Platforms of 2021
Polkastarter – By far my favourite. If you manage to participate in one of the many IDOs on this portal you will take home guaranteed earnings. Nearly all IDOs that go through Polkastarter can guarantee returns of 30-50-100 times the initial investment. How does it work? A new project reaches an agreement with Polkastarter and decides that they want to allow 400 people to be part of their IDO. 200 of these will be chosen from thousands of people who submit their applications by lottery. Another 200 will be chosen from among those who hold the POLS token, Polkastarter’s governance token. So far we have seen many projects make stratospheric numbers, such as PAID, BMI, PMON and many others. Highly recommended!
Binance Launchpad – Binance is obviously always up to date and doesn’t like to be left behind even when it comes to IDOs. That’s why they launched their innovative platform which usually works as follows: you hold BNB tokens on your Binance account and if you are lucky enough, you will get access to one of their IDOs. The latest one, coming today, is TKO. The catch is that it is not enough to buy BNB tokens during the launch of the IDO but you have to hold the tokens already the week before. And you never know when new IDOs will be released, so holding BNB is very important! Many of these projects are automatically listed on Binance, so they get visibility right away.
Paid Ignition – This project carried out its IDO on Polkastarter and achieved great results. Then it fell victim to a hack that destroyed its price and reputation, but the founders were able to bounce back by announcing a major investment by Binance in their platform. This is why PAID has now regained the trust of its users and is one of the best crypto launchpads at the moment. All IDOs that go through Paid are announced on their social media channels, so try to follow them to not miss a single one.
TrustSwap – Another Ethereum wallet belonging to Binance. They also offer IDOs from time to time and the latest one was MoFi, a project that was released just yesterday. To participate you need to use their wallet which is very good and very fast. The app is available on both the App Store and the Play Store and is compatible with WalletConnect, so you can also use Uniswap and other apps via this wallet.
Duck DAO – One of the most popular DAOs in the world. A great choice for anonymous projects that want to conduct an IDO and reach as many users as possible. Duck DAO has already launched several projects and many of them have managed to score considerable price increases. Keep an eye on them!
Card Starter – CardStarter is a new project that has not yet launched their platform but has already announced several IDOs coming soon. Their CARDS token has skyrocketed as many of these projects that will be moving to Card Starter are major and long-awaited projects. We are sure to find many hidden gems on this platform. Their goal is to move to Cardano and become the first IDO platform on Cardano. Good luck!
FairMoon – Project that we reviewed yesterday. It is one of the best IDO platforms on Binance Smart Chain as it will be helped by WarOnRugs, a very famous group on Twitter that is able to unmask many scam projects and offer respectable audits. The platform is about to be launched in Q2 of this year and will surely launch many legitimate projects on BSC. My favourite!