IDO in Layer 2 Blockchain Protocol 🔮

In an IDO, a project or startup looking to raise funds for its cryptocurrency project offers its tokens for sale directly on a DEX, typically through a liquidity pool. Investors can participate in the IDO by providing liquidity to the pool in exchange for the project's tokens.

In the context of zkSync, this means that transactions can be processed off-chain in a more efficient manner, and then the validity of these transactions can be cryptographically proven and recorded on the Ethereum mainnet.