IDO launchpads are becoming a popular way to raise funds for projects, with some IDOs reaching nearly half a billion dollars.
Binance Labs-backed Magic Square announced the launch of its new initial DEX offering (IDO) platform.
The new crowdfunding platform is built on a decentralized exchange (DEX) and aims to democratize retail access for Web3 investors with limited funds, according to Michael Landsberger, the chief operating officer of Magic Square.
Magic Launchpad achieves this through unique allocation strategies that equally favor users with fewer funds by taking into consideration factors like user activity and ecosystem contributions. Landsberger told Cointelegraph:
