Imagine a company wants to raise money for a new cryptocurrency project, but they don't want to deal with the complexities of an ICO. An IDO, or Initial DEX Offering, is like a simpler way to do it. Instead of creating their own fundraising platform, they launch their new coins directly on a Decentralized Exchange (DEX), which is like a marketplace for cryptocurrencies without a central authority. This can be a faster and more transparent way to raise funds, with easier access for investors.
Here's the difference between an ICO and an IDO:
