These days IDOs are becoming a preferred fundraising model among many DeFi projects. The community of DeFi users, too are keen to discover new emerging tokens way before everyone else. The fact that there are many IDO platforms already and many more are launching, validates their demand for it.
Although there is no lack of choice between IDO launchpads in the DeFi space, at the moment all of them play the same role: the role of gatekeepers who set the rules and requirements that projects need to meet in order to be able to launch on their platforms. And although most of the IDO launchpads claim to be decentralized the above fact alone completely contradicts that concept.
Now add to that a certain degree of inflexibility and a limited range of customizations that projects are facing, once they are accepted to the launchpad and you’ll realize why there is a gap in the market that needs to be filled.