# What Is IWO?

IWO is W3swap's creative improvement and upgrade of IDO concept in the Web3.0 era, aiming to improve the efficiency of equity interaction between market users and project teams, so as to create a better Web3 financial instrument.

IWO is a channel in the W3swap platform to support users to open the most fair and high-quality decentralized VC and startup board. It not only allows the issuance of tokens, but also help high-quality projects raise funds efficiently through the aggregation of ecosystem funds.

At the same time, W3Swap also provides a large number of developer tools to provide comprehensive information and technical services for high-quality projects around the world. In this way, high-quality projects can be supported to enter the market as soon as possible and make contributions to the development of the digital industry.

**Here is the basic IWO process**

**Step1.**&#x54;he project team shall provide a certain amount of tokens, and specify the token unit price and the amount of issuance. Within a specified period, anyone can deposit to subscribe.

**Step2.**&#x54;he number of tokens is allocated according to the amount of money a user has deposited. In the event of overraising, tokens will also be distributed according to the funds deposited by users. The overraised funds will be returned to them.

**Step3.**&#x41;fter the crowdfunding, an open token LP pool will be established automatically on W3SWAP with the crowdfunding price as the opening price of the token for its spot trading to launch immediately.

**Step4.**&#x4C;ast but not the least, for the pool, a mechanism is designed for project teams to pre-deposit tokens for settlement. With that mechanism, the liquidity of the pool can be protected for setting flexible trading fees for the token.

#### The Main Board

The launchpad of the main board in W3Swap aims to provide full pre-sales channels for truly high-quality blockchain projects and startup entrepreneurs. Before the listing of a project, the project team shall apply following the official rules. The project can be online only after the technical team has carefully reviewed it for approving its application. This process will minimize the risk when users are trading digital assets. At the same time, quality projects entering the market can be basically audited for risk control.

#### The Startup Board

No application is needed for project teams. Despite that, applicants should pay 10 W3 to upload the basic information of the project to raise funds. Meanwhile, they can also buy advertising space to expand brand exposure. In the platform, for raising funds rapidly for products of great potential to be applied, a full range of consulting services are available for those who applied for the startup board. You can apply for those services if needed.

There is a timeline for each IWO for users to join the event.
