Refers to the launching of a cryptocurrency on a decentralized exchange (DEX). In an IDO, a blockchain project makes a coin's first public debut on a DEX in order to raise funding from retail investors

New York University

The process of adding assets to a blockchain ledger. This is done to make assets easier to access and transfer.

Asset tokenization 

Issuers may introduce tokens with a promise of providing the user with future compensation such as interest payments or dividends. However, if the issuer cannot deliver on their promise, the token will be devalued.

Issuer Risk of Tokenized Assets

* Off-chain collateral
* On-chain collateral
* No Collateral

Backing models for promise-based tokens

In an initial coin offering, a venture gains financing by selling a stock of tokens to investors with the promise that the tokens would be the only medium of exchange to access the venture's products in the future.

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