For fairer IDOs, decentralized VC incubator turns to point-based participation
A decentralized venture capital organization is overhauling its oversubscribed IDO launchpad, betting that a point system will build a fairer token sale platform.
DuckDAO’s core open-to-all approach to early-stage investing was running into a common problem stymieing initial token sales held on decentralized exchanges (DEXs): There’s such a thing as too open, at least when it comes to IDOs.
Once initial DEX offerings (IDOs) proved to be a viable and less expensive alternative to the initial exchange offerings (IEOs) run by centralized exchanges — which offer expert assistance, marketing solutions, and the credibility of trustworthy vetting in exchange for a very large fee — smaller crypto firms and would-be investors piled in.
IDO launchpads
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