IDOs on the CRODO platform boast certain advantages, which you will learn about in this article. Happy reading!
The token exchange system is presented as a fixed liquidity pool.
This solution allows private investors to redeem the token at a favorable price, and the project can predictably raise the required amount of investment for the number of tokens it determines, as well as prevent the rapid dumping of tokens on exchanges upon listing through gradual release systems. .
The system also helps in the wide distribution of token holders after redemption. The presence of a large number of token holders, distributed geographically and demographically, is a key advantage of the token project. Many centralized exchanges will consider the number and location of token holders as key indicators of whether a project is worthy of a listing.
To get these benefits, users who want to buy back tokens at a bargain price compete with each other using the following mechanics:
- Separation of users into levels depending on the Gravity they received.
- Completion of project tasks.
Stages of token redemption:
- If you are on the white list, then when the specified time for the start of sales comes, you need to enter the tokens required by the pool into the exchange contract through the site interface.
- When the giveaway date arrives, the tokens will automatically appear in your wallet.
Depending on the distribution plan described in the project, tokens can be received in parts (gradually) until the final distribution date.
CONCLUSION
All these advantages will attract new and promising projects to the CRODO site, which will have a good effect on development. Now you know a little more, I hope the article was useful to you, thanks for reading!
https://twitter.com/Kiemi_Takada is my twitter account.
https://crodo.io/profile/ambassador — website of the ambassador program.
https://docs.crodo.io/ - whitepaper of the project.
https://t.me/crodoruchanel - telegram channel of the Russian community CRODO.
https://www.instagram.com/brokensh1ne/ is my instagram.