Why everyone is interested in IDO? One reason is the token can be traded immediately. Most investors buy tokens when it is launched and resell them at a higher price later.
To those who don't know IDO or Initial DEX Offering, an IDO launch means the project is launching a coin or token via a decentralized liquidity exchange. This is a type of crypto asset exchange that depends on liquidity pools where traders can swap tokens, including crypto coins and stablecoins.
In an IDO, the token is issued via decentralized liquidity exchanges, such as Coinswap Space. You don’t have to pay an exchange fee since it is self-organized and decentralized.
Coinswap Space integrated into its platform an IDO launchpad dubbed SpacePad. The SpacePad is a one-of-a-kind launchpad platform built on the Binance blockchain that empowers users to fund a project by connecting their wallet to the platform and donating a specified amount to the platform’s currently featured IDO.
SpacePad is a new and relevant component of the Coinswap Space ecosystem. The platform primarily benefits all CSS token holders by facilitating fair launches, which enables traders of all sizes to invest in the most promising upcoming DeFi projects. The SpacePad increases opportunities to participate in new projects enables an open and secure fundraising process, boosts CSS token volume and prices which will create a positive impact on CSS value from a long-term perspective.
Read more here: https://coinswap.medium.com/what-is-an-ido-launchpad-93f01c30b38e