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Top 7 Best Decentralized Crypto Exchanges!ICO stands for �initial coin offering,� and refers to a formerly popular method of fundraising capital for early-stage cryptocurrency. In an IDO, project tokens are made available to investors through a decentralized exchange, allowing for greater accessibility and inclusivity. ICO (Initial Coin Offering) and the IEO (Initial Exchange Offering). Polkastarter is a decentralized exchange (DEX) designed for cross-chain.