Akitapad
Akitapad is a platform that will allow newly issued projects to be listed with a fair tier structure. Startups who want to launch on the platform can fill out the IDO application form and send it for review. At the same time, it is aimed to provide consultancy to support startups and increase their earnings. After being reviewed by the Akitapad team, it is submitted to the vote of the community members. Projects that provide a majority of member votes are approved and are entitled to launch on the Akitapad.
Members gain an allocation to participate the projects that will launch on the platform in proportion to the $AKITAX or the $XAKITA they stake. In this way, a fair structure is built in participation. Participation takes place within the specified date ranges, with the conditions determined, and this is announced to all members via social media.
How to Join IDO
Go to Akitapad page.
Connect to your Metamask wallet via the connect wallet button top right corner of the page.
Click the project which you want to participate.
Read all info about the project IDO.
Follow the instructions announced on the dates of participation conditions.
Initial dex offerings, or IDOs, are tokens that represent any type of asset hosted on a decentralized exchange (DEX) — an IDO is when a project launches a token through a decentralized liquidity exchange. IDOs can be created for anything from cryptocurrency to a music album, to aether powered battle ships. IDOs offer businesses a tool for engaging their communities in an economy that both enriches their products and services while allowing them to make smart business decisions regarding their assets.
In the same way that traditional startups receive venture capital before launching, projects issuing initial DEX offerings receive financing from individual investors. Unlike an initial public offering, investors in initial dex offerings never own any equity in the project.IDOs have some benefits that may make them more attractive than ICOs and IEOs: immediate liquidity, immediate trading and lower costs for listing.An initial DEX offering or IDO refers to the launching of a cryptocurrency on a decentralized exchange (DEX). In an IDO, a blockchain project makes a coin’s first public debut on a DEX in order to raise funding from retail investors. IDOs have similarities with initial exchange offerings (IEOs), where crypto projects launch their token and raise funds via a centralized exchange, since both allow immediate trading on top of raising funds. However, centralized exchanges impose strict ground rules including:
Payment of a huge sum or offering a portion of the tokens to the exchange;
Prohibiting the project from listing their token on competing exchanges;
Having very small leeway in controlling the parameters of a project’s token sale.
IDOs, on the other hand, can offer a far more cost-effective token sale and listing model. Firstly, an IDO provides quick liquidity with little to no slippage through available liquidity pools in a DEX. Relatively, it has cheaper listing costs. And like IEOs, it allows instantaneous trading.Examples of DEXs that offer IDO services include Binance DEX, Polkastarter and Uniswap. Most traders also prefer IDOs over ICOs since IDO listings prevent the issuer of the tokens from controlling how the fundraising round will go. One of the first IDOs launched in the space was RAVEN, which was listed in Binance DEX in June 2019.
Last updated