CBFi Token Guide: What are Initial Dex Offerings (IDOs)❓
An IDO or Initial Dex Offering is a new type of decentralised and permissionless crowdfunding.
Instead of fundraising on a traditional cryptocurrency exchange, CBFI will launch its IDOs on a decentralised exchange. As a result, they offer instant and fair trading for investors and immediate liquidity for the project.
Fundraising is an essential part of the early development of a crypto project. It enables projects to pay their workers and afford new technologies and partnerships. In addition, they’re seen as the next step in cryptocurrency fundraising that will offer both project creators and investors financial freedom.
The following is a list of Launchpads that will list CBFi for IDOs :
What are the benefits of Initial Dex Offerings?
If CBFI launching in IDO means it is launching its token through a decentralised liquidity exchange. This type of exchange consists of liquidity pools where traders can swap tokens, like coins and stable coins.
IDOs offer better and immediate liquidity than ICOs (Initial Coin Offerings), making them a good choice for startups and new projects requiring immediate access to funds and establishment in a decentralised environment.
IDOs are attempting to solve the issues and weaknesses of ICOs that include third-party discrimination, lack of privacy, and vulnerability to human error and theft.
By crowdfunding with IDOs, CBFi can bypass third parties and eliminate human error and hacking issues. In addition, buyers and holders’ tokens are also instantly secured in their wallets.
Are IDOs the future?
IDO is a Blockchain-based ecosystem that introduces a decentralised sale system method with almost the same concept as IPOs, ICOs and other methods. IDO Launchpad is a platform that leverages Blockchain Technology to create a pooled system where everyone can contribute transparently to any project in the ecosystem.
Be prepared to wait for the date we will announce when the date for CBFI is listed in the IDO. But, for now, we are working to ensure that all products are ready before we start.
This is to ensure that when the CBFI token is launched, the token will be fully-utilise it can be used in the CoinBox Finance mobile wallet and also as a method that will be used to pay fees and perform transactions in NFT Bubble Staking with Yield Farming.
