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Written By: Ian Lee
Edited By: Charmyn Ho
Initial DEX offerings (IDOs) have been the primary platform for crowdfunding in the crypto market since 2019 and have raised more than $1.6 billion in funds since their inception in 2018.
IDO platforms have low or zero fees and are decentralized, allowing retail investors to easily participate in early-stage funding for new projects. The growth of IDOs has made it easier for projects to raise capital, but the availability of capital may be limited by market conditions.