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Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":466,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Initial Dex Offering (IDO)?","slug":"what-is-initial-dex-offering-ido","section":"I","keyword":"Initial Dex Offering (IDO)","status":"published","definition":"a crowdfunding technique that allows cryptocurrency projects to be launched through decentralized exchanges (DEXs).","content":"<p>When a crypto project is launched via a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralized-exchange-dex/">decentralized exchange (DEX)</strong></a>, it’s called an Initial Dex Offering (IDO). During an IDO, a coin or a token is introduced on a decentralized liquidity exchange in order to raise funds from retail investors.</p>\n<p><strong>Cryptocurrencies aren’t the only assets that can benefit from this</strong>. IDOs can be applied to virtually anything. Many businesses find this type of crowdfunding appealing since it promotes the goods or services of the company while allowing its customers to make their own decisions regarding their assets.</p>\n<p><strong>Raven Protocol </strong>was the first crypto project that put an IDO into practice. The tokens were offered up on <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/binance/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>Binance DEX</strong></a> in June 2019. </p>\n<p>Cryptocurrency projects who implement IDOs receive <strong>individual investments</strong>, just like startups when they receive venture capital from investors. However, IDO investors do not hold any equity in the cryptocurrency project, whereas <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-public-offering-ipo/">initial public offering (IPO)</strong></a> investors do.</p>\n<p>Overall, initial dex offerings are a good alternative to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">initial coin offerings (ICOs)</strong></a> or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-exchange-offering-ieo/">initial exchange offerings (IEOs)</strong></a>. Although IDOs and IEOs are similar since both of these solutions allow to raise funds and trade at the same time. </p>\n<p>Either way, IDOs are considered a good alternative mostly due to their <strong>immediate liquidity, extremely fast trading, and low listing costs</strong>. Additionally, IDO listings have an upper hand over ICOs since IDOs make sure that the token issuer has no control over the fundraising rounds. </p>\n<p>Both IEOs and IDOs allow instant trading during the debut of a token and fundraising on centralized exchanges (CEXs). Though note that CEXs enforce much stricter regulations than DEXs. Some examples include:</p>\n<ul>\n<li>Spending large sums of money or a part of the tokens to the exchange; </li>\n<li>Banning crypto projects from offering their token on competing exchanges; </li>\n<li>Possessing little control of a project’s token sale parameters. </li>\n</ul>\n<p>Meanwhile, <strong>IDOs are more flexible when it comes to token sales and listing</strong>. Some benefits of IDOs include low listing costs, immediate trading, and fast liquidity with barely any slippage via the available DEX <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">liquidity pools</strong></a>.</p>","level":"medium","meta_title":"What is Initial Dex Offering (IDO)? Definition & Meaning | Crypto Wiki","meta_description":"Initial Dex Offering (IDO) meaning: Initial Dex Offering (IDO) - is a token on a decentralized liquidity exchange (DEX).","meta_keywords":null,"language":"en","created_at":"2022-03-22T06:57:06.000000Z","updated_at":"2022-09-27T07:55:47.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-initial-dex-offering-ido"},"prevSection":{"id":463,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Inflation?","slug":"what-is-inflation","section":"I","keyword":"Inflation","status":"published","definition":"happens when the purchasing value of money decreases while the prices increase.","content":"<p><strong>Inflation</strong> is the result of a process that includes a <strong>decrease</strong> in the <strong>purchasing value of money </strong>and an<strong> increase in price.</strong></p>","level":"easy","meta_title":"What is Inflation? Definition & Meaning | Crypto Wiki","meta_description":"Inflation meaning: Inflation - happens when the purchasing value of money decreases while the prices increase.","meta_keywords":null,"language":"en","created_at":"2022-03-21T15:17:15.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-inflation"},"currentChapter":"I","currentSection":"what-is-initial-bounty-offering-ibo","chapterTitle":"I","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-initial-bounty-offering-ibo","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter I
What is Initial Bounty Offering (IBO)?
Initial Bounty Offering (IBO) MEANING:
Initial Bounty Offering (IBO) -
is an unconventional approach to project launches where people contribute skills instead of money.
Let's find out Initial Bounty Offering (IBO) meaning, definition in crypto,
what is Initial Bounty Offering (IBO),
and all other detailed facts.
During initial bounty offerings (IBOs) people provide specific services, and in exchange receive free or discounted tokens. This is the complete opposite of initial coin offerings (ICOs) where people have to purchase the tokens via a fiat currency.
After receiving their tokens through an IBO, people can either wait for them to grow in value or cash them out as soon as possible.
Eligibility for an initial bounty offering is dependent on the individual contribution in high-skill areas such as business development, marketing, human resource management, or translations.
Initial bounty offering takes advantage of people’s emotional involvement to ensure they’re committed to the project and want to see it succeed. Plus, when people contribute to improving the project themselves, it helps with creating and upholding a community.
Bounty programs are often put to use after finishing an IBO project. They have been utilized by popular cryptocurrencies like Zcash and Ethereum.
A bounty program’s goal is to receive feedback on the project’s code. It’s also used to reward someone’s efforts in promoting the cryptocurrency.
Additionally, there are bug bounty programs to reward anyone who identifies issues within the project’s blockchain. These incentives can have a huge payoff for the programmers.
