Too Long; Didn't Read
Initial DEX Offerings (IDOs) have gained recognition as a way to launch fungible tokens. But they still leave a lot of room for improvement. ILS method creates some interesting economic properties. The launch team sets aside a portion of their token supply, specifically for creating a permanently locked liquidity pool. Half of this portion is then put into a smart contract for investors to bid on during the Initial Liquidity Swap (ILP) period, by locking in a different token to create a. different token. The resulting LP tokens are then sent to a burn address.