In the crypto world, we have an offering quite similar to IPOs, known as ICO or Initial Coin Offering. Any cryptocurrency or blockchain company looking to raise funds can use an ICO for that. ICOs became a popular phenomenon during the crypto bubble in 2017. However, they came under fire when agencies started scrutinizing them due to malpractices like scamming and market manipulation. However, a new type of offering has arrived into the crypto world with some benefits compared to ICOs & IEOs (Initial Exchange Offerings): IDO.
Short for Initial Dex Offerings, it represents assets through tokens hosted on a decentralized exchange. Users can develop IDOs from anything from cryptocurrency to music albums. Moreover, they offer businesses a tool for engagement with their communities in an economy.
Unlike an initial public offering, investors in initial dex offerings never own any equity in the project. Instead, they offer a more cost-effective token sale and listing model. As a result, an IDO can provide quick liquidity with little to no slippage through the available liquidity pools. Moreover, it also has cheaper listing costs.
Today, we’ll talk about some of the upcoming projects that will launch or have already launched their IDOs in October.
DeFi Land is an agriculture simulation game designed to add a gaming aspect to Decentralized Finance. This project aims to create educational solutions for users wanting to venture DeFi or other alternative finance solutions. Moreover, the platform introduces a play-to-earn model, allowing users to earn passive income for completing tasks or reaching milestones.
The project will launch its IDO on 14th October up till 18th October. It has set a hard cap of 100,000 USDC. Also, the name of the platform token is DFL which is an ERC-20 type token. The company will launch the project on the Solana blockchain.
Launchpad Link – DeFi Land
BloX.move is a project aiming to create an open mobility ecosystem empowering users for more transparent mobility services. With an emphasis on openness and collaboration, the project utilizes blockchain technology to provide trust and consensus to all business actors within the ecosystem. They aim to operate as a junction of two sectors, connecting electric mobility to the power grid & achieve net-zero carbon-neutral mobility.
The project will launch its IDO on 22nd October. It will last for only that day. Moreover, the project will release 50,000,000 BLXM tokens through the PAID Ignition Launchpad. Regarding token distribution, the project has divided them into four sectors:
- Community – 35%
- Research and Product – 30%
- Marketing – 15%
- Business Development – 20%
Launchpad Link – bloX.move
OliveX is a fitness metaverse where players can work out at home, in the gym, or outdoors to earn in-game rewards. To link all of these experiences together, the project has developed its native token DOSE. Thus, participating players will receive rewards in the form of a DOSE utility token.
DOSE is an ERC-20 type token of purchase, utility, and action with a fundamental function in the ecosystem. The company will release these tokens through an IDO from 15th October up till 18th October. The total supply of tokens is 5,000,000,000 DOSE.
Launchpad Link – DOSE
Fidira aims to simplify the usage of crypto for individuals in the form of gift cards. Through their gift cards, individuals can enter the world of crypto and NFTs without feeling apprehensive. Furthermore, users can also access the NFT marketplace Fidira has developed with their tokens. Moreover, users can also create their own NFTs. Following that, in the future, Fidira positions itself to offer its gift cards at popular retail stores very soon.
The company will launch its IDO on three launchpads: SafeLaunch, MoonEdge, and ChainBoost. The IDO date for MoonEdge and ChainBoost launchpad is between 21st October and 22nd October. As for SafeLaunch, the IDO will launch on 25th October. The name of the token is FID with, and the total tokens for sale is 13,700,000 FID. Moreover, the hard cap is set at 1,340,000 USD.
CHAIN is the world’s first hybrid physical NFT public art sculpture. It exists as a real-world sculptural representation of the blockchain and the history of money transcends boundaries. Moreover, the sculpture also has its digital twin in the metaverse. Talking about the physical one, the public art piece stands 70ft” tall. But, on the other hand, its digital twin is a collaborative installation in its own interactive world.
The company has already launched the IDO on 11th October and will close down on 17th October. The total supply of tokens is 21,000,000. The name of the token is CHAIN, with each one costing 0.5 USD.
Launchpad Link – CHAIN