decentralized exchange platforms (DEXs)</strong></strong></a> and raise capital for projects by investing in their native tokens. DEX teams carefully vet all potential participants and present a list with project proposals for the investors’ convenience.</p>\n<p>The tokens acquired via an IFO campaign are in no way more advantageous than the ones raised using other fundraising models. Although the exchange platforms carefully audit each project, the token value may be affected by fluctuating market conditions.</p>\n<p>Most IFO campaigns are hosted on PancakeSwap. The users of this platform are able to receive rewards from the fundraising campaigns. Project owners can benefit from the platform’s liquidity pool. Most of the tokens presented during IFOs are community-driven and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralization/">decentralized./nThere are two types of IFO campaigns:</p>\n<ul>\n<li><strong>Basic sale</strong>: investors can stake a limited number of tokens without paying a participation fee;</li>\n<li>Unlimited sale: investors pay a predetermined fee and stake as many tokens are they are able to.</li>\n</ul>\n<p>Users that wish to participate in an IFO campaign must first register on a DEX platform that hosts such projects. They then <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-staking/">stake their tokens to participate in the IFO. Users are required to provide <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-liquidity/">liquidity for the farming process and are rewarded with tokens at the end.</p>\n<p>Some of the benefits to an IFO campaign include:</p>\n<ul>\n<li>There is no intermediary involved in the process. <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-peer-to-peer-p2p/">Peer-to-peer (P2P)</strong></a> transactions are enabled, which saves money;</li>\n<li>IFO helps users maximize the benefits of using a DEX platform to trade and invest;</li>\n<li>All transactions are transparent thanks to the decentralization;</li>\n<li>Users are guaranteed access to instant liquidity.</li>\n</ul>\n<p>Investors are recommended to do their own research regarding the projects in the fundraising events. IFO campaigns are common among crypto newcomers who are looking into ways to quickly make profit. They can also serve as an opportunity to build a crypto portfolio and generate extra income.</p>\n<p>ICOs and other fundraising models that were developed prior to IFOs relied heavily on investments from venture capitals. Such project fundings take longer and the gains cannot be reliably determined. The increasing amount of DeFi projects submitted for funding may lead to IFOs growing in popularity.</p>","level":"medium","meta_title":"What is Initial Farm Offering (IFO)? 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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":423,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Instamine?","slug":"what-is-instamine","section":"I","keyword":"Instamine","status":"published","definition":"a short time period after a coin launch when a large portion of its total supply is distributed to investors.","content":"<p><strong>Instamine</strong> is a short period of time right after the launch of a new <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-coin/">coin when a large portion of its <strong>total</strong> mineable assets are mined. This may lead to a fast and uneven coin distribution between investors.</p>\n<p>If a cryptocurrency experiences an instamine period, it means that a large amount of the asset was available early after launch, when the chances of investors being interested in the project were higher. The process typically means that the supply of cryptocurrencies is significantly greater and <strong>available at a lower price</strong>.</p>\n<p>Instamining may be done deliberately, although in some cases it occurs accidentally and is caused by issues related to the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-mining/">mining algorithm.</p>\n<p>New <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrencies may offer numerous special features and benefits to stand out during their launch and attract the investors’ attention. One of such features can be setting up an easy way to mine new coins. Some cryptocurrencies opt to <strong>determine an initial instamining period</strong> to pique the investors’ interest in the digital asset.</p>\n<p>Despite some similarities, instamining is not synonymous with <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-pre-mining/">pre-mining, a process when some or all of the supply is generated before the public launch of a cryptocurrency.</p>\n<p>Some market analysts believe that instamining has ties to fraudulent activity. Others think that <strong>implementing such strategies upon coin launch creates unfair competition</strong>, particularly if a significant amount of the tokens is bought by one big group and resold at a much lower price.</p>\n<p>When the open-source cryptocurrency Dash launched in 2014, the <strong>algorithm</strong> responsible for the mining difficulty adjustments malfunctioned. This caused roughly 2 million coins, about 15% of the total supply, to be issued to investors in just <strong>two days </strong>after the initial launch. </p>\n<p>Although Dash did not experience massive negative consequences as the coins were sold at very low prices, in many cases, instamining can be detrimental to new cryptocurrencies.</p>","level":"medium","meta_title":"What is Instamine? Definition & Meaning | Crypto Wiki","meta_description":"Instamine meaning: Instamine - a short time period after a coin launch when a large portion of its total supply is distributed to investors.","meta_keywords":null,"language":"en","created_at":"2022-03-18T07:29:08.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-instamine"},"prevSection":{"id":418,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Immutable?","slug":"what-is-immutable","section":"I","keyword":"Immutable","status":"published","definition":"unable to be changed over time.","content":"<p><strong>Immutability</strong> is one of the key features of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-blockchain/">blockchain technologies</strong></a>. Immutable data cannot be altered in any way by anyone after it was created.</p>\n<p>Blockchain technology is based on the principles of immutability. All network <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-node/">nodes must agree on the data validity before it moves forward. Blockchain functions as a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-distributed-ledger-technology-dlt/">distributed ledger technology</strong></a> to ensure that no one can change the data records once they are part of the blockchain.</p>\n<p>Blockchain was developed in a way that once all transactions, like contracts, purchases, and sales, are recorded and added to the chain, the data cannot be retroactively altered in the particular <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block/">block without having to modify all other blocks. Each block contains data tied to the previous block, so the entire chain would have to be changed with the altered data.</p>\n<p>Blockchain is immutable thanks to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptographic-hash-function/">cryptographic hashing</strong></a>, the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-encryption/">encryption method that uses plaintext as an input and creates a unique hash value as the output. The length of hashes is always fixed, regardless of the input properties.</p>\n<p>The hashing algorithm is incredibly difficult to reverse. If a user were to apply the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-sha-256/">SHA-256 hashing algorithm to a word or a sentence, they would receive a 256-bit hexadecimal code in return. The length of the hexadecimal code is 32 characters. Attempts to apply the SHA-256 algorithm to any data always return a 32-character output.</p>\n<p>Hashes can be used as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-signature/">digital signatures</strong></a> to maintain data integrity. When data is transferred over the network, its hash value can serve as a digital fingerprint. If the sender receives the same data back, the hash can be calculated to determine whether it matches the initial fingerprint. If there is a mismatch, it means that the data was tampered with during the transmission.</p>\n<p>Immutability is not a guarantee that the data will not be tampered with at all. However, it serves to ensure that any alterations to the data have notable consequences.</p>\n<p>There are numerous benefits to immutability:</p>\n<ul>\n<li>Unlike in traditional database systems, where the data can be corrupted or destroyed, <strong>blockchain requires all changes to be adopted by the network nodes</strong>. This reduces the risk of data loss;</li>\n<li>Immutability ensures data integrity. Users can re-calculate the hash value to verify the integrity of the chain;</li>\n<li>Immutability allows organizations to produce indisputable ledgers which can make the auditing process simpler.</li>\n</ul>","level":"medium","meta_title":"What is Immutable? Definition & Meaning | Crypto Wiki","meta_description":"Immutable meaning: Immutable - unable to be changed over time.","meta_keywords":null,"language":"en","created_at":"2022-03-18T07:03:23.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-immutable"},"currentChapter":"I","currentSection":"what-is-initial-farm-offering-ifo","chapterTitle":"I","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-initial-farm-offering-ifo","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter I
What is Initial Farm Offering (IFO)?
Initial Farm Offering (IFO) MEANING:
Initial Farm Offering (IFO) -
a decentralized finance fundraising model of raising capital via the farming feature.
Let's find out Initial Farm Offering (IFO) meaning, definition in crypto,
what is Initial Farm Offering (IFO),
and all other detailed facts.
Initial Farm Offering (IFO) is a fundraising model for decentralized finance (DeFi) projects to raise capital using the farming feature. IFO acts as a successor to the initial coin offering (ICO) fundraising model, which is used to garner financial support for cryptocurrency development.
Investors participate in pre-sale events hosted by decentralized exchange platforms (DEXs) and raise capital for projects by investing in their native tokens. DEX teams carefully vet all potential participants and present a list with project proposals for the investors’ convenience.
The tokens acquired via an IFO campaign are in no way more advantageous than the ones raised using other fundraising models. Although the exchange platforms carefully audit each project, the token value may be affected by fluctuating market conditions.
Most IFO campaigns are hosted on PancakeSwap. The users of this platform are able to receive rewards from the fundraising campaigns. Project owners can benefit from the platform’s liquidity pool. Most of the tokens presented during IFOs are community-driven and decentralized.
There are two types of IFO campaigns:
- Basic sale: investors can stake a limited number of tokens without paying a participation fee;
- Unlimited sale: investors pay a predetermined fee and stake as many tokens are they are able to.
Users that wish to participate in an IFO campaign must first register on a DEX platform that hosts such projects. They then stake their tokens to participate in the IFO. Users are required to provide liquidity for the farming process and are rewarded with tokens at the end.
Some of the benefits to an IFO campaign include:
- There is no intermediary involved in the process. Peer-to-peer (P2P) transactions are enabled, which saves money;
- IFO helps users maximize the benefits of using a DEX platform to trade and invest;
- All transactions are transparent thanks to the decentralization;
- Users are guaranteed access to instant liquidity.
Investors are recommended to do their own research regarding the projects in the fundraising events. IFO campaigns are common among crypto newcomers who are looking into ways to quickly make profit. They can also serve as an opportunity to build a crypto portfolio and generate extra income.
ICOs and other fundraising models that were developed prior to IFOs relied heavily on investments from venture capitals. Such project fundings take longer and the gains cannot be reliably determined. The increasing amount of DeFi projects submitted for funding may lead to IFOs growing in popularity.
