Place/Date: – June 15th, 2021 at 11:27 am UTC · 2 min read
Ideaology Going DeFi
Get ready for something brand new. Ideaology is entering the defi world! We are working on a new platform. The new Ideaology will be a multi-chain platform on Ethereum for start and also on BSC (Binance Smart Chain) and Polkadot chain in the near future. It will serve as a permissionless DEX geared into actualizing cross-chain token pools and auctions. It will make fund raising of cryptocurrency projects in a decentralized and interoperable environment much easier.
What is IDO?
IDO, or Initial DEX offering, is a new fundraising model that offers better liquidity of crypto assets, fair and more efficient trading. This way of fundraising makes protocols available for traders without being controlled by someone else possible. IDOs can be created for anything from cryptocurrency, to an online book, to video games. IDO can be organized by anyone, and it’s getting more popular as more and more businesses consider it for fundraising.
The new Ideaology will replace the old Ideaology platform and will feature Crowdfunding. Freelancing, Find a Team, and Digital Market will also be available, it will be on a decentralized blockchain, so it will be much more convenient and efficient. So everyone interested in aforementioned features will still be able to make use of them.
As a DeFi system, Ideaology is planning to launch the yield farming program in 2021 Q3 IDEAIDO v2. With these services, users will be able to easily swap one token for another, and do yield farming on a variety of liquidity pools. This protocol will be very simple. If there is a swap volume for a certain period of time, a user who contributed one fifth of the volume will receive 5% of the total liquidity rewards.