The CakePop Team has announced the long awaited first IDO, with Cubdefi.
Announcement Here
I for one am not afraid to admit I've never been in on an IDO before and reading the post didn't do a lot to clarify what the purpose of an IDO is.
Of course I googled IDO Silly.
Is there any real ambition or need for a new dex? Or is this just a fancy way to distribute tokens?
I mean Defi is still young and the Binance Smart Chain [BSC] is still young, so these new projects have time to mature into major projects as user adoption goes up.
I'm super excited to see how this plays out, but I'm not sure I know what the purpose is.
Mansplain Me in the comments. (Yes, girls can mansplain too, I define it as getting to point as quickly as possible without BS)
