How To Spot A Great IDO Deal: A Beginner's Guide



Jul 5, 20243 min read

How To Spot A Great IDO Deal: A Beginner's Guide

In the world of crypto, Initial DEX Offerings (IDOs) have become one of the most popular ways for startups to raise funds from the community. They also offer early investors a chance to grab potential tokens before they hit the market.

In this article, we’ll focus on IDOs and what they are all about.

What is an IDO?

An IDO (Initial DEX Offering) is a way for cryptocurrency projects to raise funds through a Decentralized Exchange (DEX). In an IDO, a project sells its tokens to investors before the Token Generation Event (TGE) in exchange for initial capital to bootstrap the product.

One of the most significant advantages of IDOs is that investors can acquire tokens early, positioning themselves advantageously before the tokens are listed on any exchange.

Additionally, IDOs are completely decentralized, meaning they operate independently of any central authority. This provides investors with more transparency and control over their investments.

How does an IDO work?

The process of an IDO can be described in the following steps:

Step 1: The project and the IDO platform agree to launch the IDO.

Step 2: The details of the IDO, the project, and the token will be given out to investors.

Step 3: The IDO begins - Investors participate in the IDO via the IDO platform, following its rules (staking, whitelisting, and grabbing the token).

Step 4: The IDO ends- Investors receive their tokens when the TGE happens and according to the vesting schedule provided earlier. They can start trading the token when it is listed on the announced DEX, typically on the same day as the TGE.

How to invest in IDO properly?

Do Your Research

Research key information about the project. Important aspects include:

  • Project Narrative: This tells you a lot about the project's vision and market position. Trendy narratives often indicate high potential.
  • Team Background: Look for the team’s past work, professional profiles, and reputations within the crypto community. Genuine projects usually have transparent and verifiable team information.
  • Achieved Milestones: Consider the total funds raised, number of users, and community engagement.

Examine the Tokenomics

Tokenomics refers to the economic policy governing the token supply. Check for details such as the total supply, emission rate, vesting schedule, and any specific rules about minting new tokens.

Avoid projects with unclear or suspicious tokenomics.

Gauge Community Sentiment

Check community forums and social media platforms to see what other investors and experts are saying.

A large, active community often indicates strong interest in the project.

Also, pay attention to the quality of the discussions; constructive conversations usually mean a higher-quality project.

Use Trusted Platforms

Participate in IDOs through well-established and reputable decentralized exchanges. These platforms often have strict requirements for projects to meet before being listed.

At GameFi, we conduct thorough Due Diligence (DD) to review each project based on important criteria before offering it to our community. This helps new investors avoid being overwhelmed with research. also protects investors through a refund policy, allowing participants to request a refund within a specified period if they are not satisfied with the project's progress. This policy makes the IDO process on more reliable and investor-friendly.


IDOs offer a great investment opportunity with rewarding returns. We hope this guide helps you understand more about IDOs and encourages you to start participating in some potential IDO deals.

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