What is IDOGATE?
The platform helps users select quality Crypto tokens on various IDO platforms in a single interface.
What is an IDO?
IDO represents Initial DEX Offering. Initial DEX offering (IDO) has emerged as the preferred crowdfunding model for DeFi projects. This new fundraising model reflected a tectonic shift on how crowd sale patterns tends to offer better liquidity for crypto assets and also enabling faster, more open and fair trading.
Token public sales or ICOs as they were initially called have evolved over the last four years with The IDO model itself being the successor of fundraising methods for crypto projects.
In 2020, perhaps the most used term in the cryptocurrency world was IDO.
IDO Trust Problem
Most of the time, participating in an IDO can be awarding for an investor. However, certain times it can be quite cumbersome searching for the next multibagger crypto asset.
In fact, pre-sale and IDO investors are sometimes left holding worthless tokens after a pre-sale or IDO. It has been observed in many cases that developers fail to provide liquidity. In some cases, they initially provide liquidity to later remove in what we call rug pulling. A decent amount of money has been lost in the blink of an eye due to this scheme by cryptocurrency criminals.
And it is really difficult for even experienced investors to be 100 percent sure about a new project. In June, Billionaire DeFi investor and reality TV personality Mark Cuban was caught in crypto crash caused by rug pull. The DeFi token Titanium went from being valued at $60 to $0 in a day. Mark Cuban, a keen crypto investor and owner of the Dallas Mavericks NBA franchise, later said he made a “mistake” by not researching the TITAN token more thoroughly.
IDOGATE Helps In Selecting The Right IDO
IDOGATE helps crypto investors in identifying the rights IDOs through its pre-sale analysis tools. The platform helps investors in reducing crypto investment risk and increase the likelihood of profitable IDOs. IDOGATE claims that its IDO analysis platform is suitable for investors at all levels of experience.
IDOGATE Utility Token
IDOGATE will be powered by it’s utility token $GATE that will serve as the fuel that will power the platform.
$GATE is a utility token with an actual purpose. Investors can hold $Gate Tokens to get access to the advanced IDO metrics & comparison tools.
$GATE smart Tokenomics also rewards each holder in BNB for every buy, sell or transfer of the token.
What Does this mean?
In simple terms, hold or rather HODL $GATE tokens and get rewarded in BNB.
Additionally, IDOGATE continues an active background in operating philanthropic programs. IDOGATE have set aside 2% of its token supply for charitable causes in some of the world’s less developed countries.