Polkastarter IDOs: Crypto Fundraising, Reinvented (yet again)

Written by cleo_johnson | Published 2021/05/12
Tech Story Tags: ido | polkastarter | research | crypto | cryptocurrency | cryptocurrency-news | market-cap | crypto-trading

TLDR BDC Consulting analyzed 39 projects held on Polkastarter in the past 6 months. They found that buying tokens at an IDO and selling them an hour later on Uniswap can increase the ROI to 2,700%. The long-term survival of the IDO model is under question, but it's worth saying a few words on how it works in the U.S. BDC consulting found it's hard to find out how much you can get in at the start of the project.via the TL;DR App
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Written by cleo_johnson | Investor, crypto interested
Published by HackerNoon on 2021/05/12
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