An Initial DEX offering (IDO) is a fundraising method used by decentralized exchanges (DEXs) to launch new cryptocurrency projects. IDOs are similar to initial coin offerings (ICOs) but take place on decentralized exchanges rather than centralized platforms. IDOs are often conducted on platforms like Uniswap or PancakeSwap, and allow investors to buy newly issued tokens using cryptocurrency. The tokens are sold at a predetermined price, and the proceeds are used to fund the development of the project. Unlike ICOs, IDOs give investors immediate access to the tokens being sold, and the tokens are listed on the DEX for trading shortly after the sale is completed. IDOs have gained popularity due to their ability to democratize fundraising and give investors early access to promising new projects. However, they also carry risks, such as the potential for fraud and the high volatility of new tokens.