What does ido mean in blockchain

What does ido mean in blockchain? According to official sources, what does ido mean in blockchain? Specifically, IDO is a governance token of Ethereum project. The purpose of this project is to establish a decentralized autonomous organization (DAO), allowing each member to vote on proposals, receive rewards, and have the power to manage the network Currently, most ICOs use digital tokens issued in the form of crowdfunding or private placement, which are mainly used to support financing and incentive plans for startups. These tokens can be seen as a way of investing in bonds or as an equity tool, but there are actually no practical application scenarios

What does ido mean for blockchain

ido refers to projects that provide services to the blockchain industry. It means “IDO (Initial Donation Offering)” in Chinese. According to the official introduction, ido is a crowdfunding system that utilizes decentralized organizations. It allows users to use their tokens as collateral to purchase tokens or bonds, and then distribute them to community members in the form of tokens. It can also invest in the agreement like other investors. This type of investment will generate certain additional returns or rewards, thereby motivating more people to participate and earn more profits.