What is an Initial Liquidity Offering (ILO)?

Initial liquidity offerings (ILOs) are a form of fundraising that combines elements of initial coin offerings (ICOs) and initial exchange offerings (IEOs). Like ICOs, ILOs involve the sale of a cryptocurrency or token to investors, but unlike ICOs, ILOs are conducted on a decentralized exchange (DEX) rather than on a proprietary platform. ILOs are typically backed by a cryptocurrency exchange, which helps to provide liquidity and ensure the smooth functioning of the market for the newly-issued token. Here is a step-by-step…