Hey Crypto fans, this article will give you a lowdown on InItial Coin offerings that is ICO.
Why ICO’s are gaining popularity in recent years? What are the benefits and risks involved?
Should you go for it? Let’s try to understand what are ICO’s.
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Table of contents
- What is an ICO?
- When did ICOs start?
- How does ICO Work?
- How do ICOs make Money?
- How to Buy ICO?
- What are the Advantages of ICOs?
- Who runs ICO?
- Why ICO is so popular?
- Top 10 Best Crypto ICOs to Invest in 2023
- What are the Disadvantages of ICOs?
- What Things You should keep in mind when considering investing in an ICO?
What is an ICO?
ICO is a way for startups in the crypto world to raise money. These ICOs do this by selling tokens of their new cryptocurrency to investors.
And then, investors pay for these tokens with Bitcoin or Ethereum, but some ICOs also accept fiat currencies like USD or EUR.
ICOs have become really popular in recent years because they offer a number of advantages over traditional fundraising methods.
At Consensus 2023, a few CoinDesk staffers came together for a panel reflecting on major events in crypto history.
When they were polling on the most important of these big moments, the plurality of votes went to what might seem an odd choice – the chaotic, fraud-filled period of “ICO mania” spanning from early 2017 to mid-2018.
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When did ICOs start?
The first token sale (also known as ICO) held by Mastercoin in July 2013. Ethereum raised money with a token sale in 2014, raising around 31,000 BTC in July. That is equal to $18.3 million at the time, ICOs and token sales became popular in 2017.
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How does ICO Work?
An initial Coin Offering (ICO) needs either an account with an exchange or a wallet to apply for offerings. IPO is a traditional way where a private company raises funds under the eye of the government.
Basically, ICO is a new form of fundraising where blockchain enterprises raise public finance.
How do ICOs make Money?
For ICOs, crypto companies raise funds through the sales of coins or tokens.
In both cases, you are bullish about the company or the cryptocurrency and invest based on the belief that the asset’s value will increase over time.
The ICO price is dependent on the amount of money they wish to earn during ICO (ICO hard cap).
The total number of tokens (max token supply), the number of tokens allocated during the ICO and after (token sale allocation), expected market capitalization, ICO length of time, lockup periods, and bonuses.
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How to Buy ICO?
A. Do your research on ICOs.
B. Register for the ICO.
C. Set aside funds for Payment.
D. Make the Exchange
E. Receive and Store your ICO Purchase.
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What are the Advantages of ICOs?
The biggest advantage of an Initial Coin Offering (ICO) is that it gives access to a range of people, from freelancers and startups to mature investors.
There are not any time constraints; contributors can also invest at any time, unlike traditional funding set-ups. Anyone who wishes can become an early investor.
ICOs can be very quick and easy to set up.
These ICOs are for raising money for projects that may be too risky for traditional investors.
ICOs can give investors early access to new and innovative projects.
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Who runs ICO?
The Information Commissioner is John Edwards.
Who succeeded Elizabeth Denham on 3rd January 2022.
Why ICO is so popular?
Chiefly, ICOs have a number of advantages. It only takes 100 lines of code to create an Ethereum-based token like ERC-20. The token creation and distribution is in a timeframe.
Investors are drawn to ICOs because they offer the opportunity on the ground floor of a new and exciting crypto project with discounted tokens. That usually offers anticipation, kick – start development, and raising capital.
Bitcoin initially offered BTC tokens to investors back in 2010 at a price of $0.04865. Just over a decade later BTC’s price hit an ATH of $68.789 allowing early ICO investors to boast long-term gains of +141,395,583%.
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Top 10 Best Crypto ICOs to Invest in 2023
1. Launchpad XYZ
A Crypto project that aims to act as a bridge between Web2 and Web3 and drive mainstream adoption into crypto by acting as a gateway portal. It raised more than $1.6 million raised in its ICO.
The site will have a myriad of features that will make navigating Web3 easier for crypto users. Both new and experienced ones act as a one-stop gateway portal to other destinations.
Crypto adoption continues to rise, but still only represents a small minority of the global population. Many potential users are put off operating because of the high level of technical knowledge that one needs to operate in the space.
There are a wide variety of wallets, protocols, dApps, exchanges, and marketplaces where you can find the best cryptocurrency to invest in, play games, or purchase items with tokens and Launchpad XYZ wants to to help you by granting easier access.
It incorporates its own Web3 crypto wallet, will also provide a wide range of information, live data, and unbiased insights to help provide an unbiased view of the space for its users.
LaunchpadXYZ features include a trading terminal, decentralized exchange, NFT marketplace, crypto gaming hub, fractionalized assets, and even whitelist places to select new crypto presale projects.
The LPX token ICO is offering tokens for $0.0445. One of its main features is already live, with an alpha signals Telegram group making multiple 1,000% plus calls in the last month.
The project is developed by an experienced and doxxed group of founders, with 250 million (25% of max supply) available to purchase during the ICO with no vesting period.
LPX tokens are used in a variety of ways in the platform. Including for staking, which grants the ability to sell NFTs, trade tokens, or gain access to presale projects.
2. yPredict – AI-Powered Trading Terminal now in the ICO Phase
it is a crypto trading platform that utilizes artificial intelligence and machine learning to help you make smarter decisions and maximize profit-making potential. The $YPRED ICO has raised $3.8 million.
The tokens are for the yPredict trading terminal, which operates from a freemium model with three different tiers offering access to different features and analytical insights from the protocol.
Although tokens cost $0.1 at the time of writing, they will rise to $0.12 when they list on exchanges with BitMart already confirmed as one CEX listing.
yPredict will help crypto traders maximize their profit-making potential and make better-informed decisions by providing a wide range of data and metrics and the ability to build and develop AI-powered predictive models based on machine learning.
The yPredict will also provide pattern recognition, transaction analysis, sentiment analysis, and indicator analysis, while you can offer your predictive models to other people and earn from them based on their performance.
The yPredict team is doxx and KYC-verified and comprises of an experienced team of professional quants and traders.
As well as, software developers, and machine learning experts.
Of the 100 million max supply, 80% is available during an eight-stage presale.
With 50% of those unlocked during the token generation event and 50% having a six-week lock and six-month vesting period.
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3. Chimpzee – Passive Incating Charity Token available on Presale.ome Gener
Revolutionary crypto platform which allows token holders to earn passive income and protect the environment.
This platform leverages blockchain technology to offer revenue-earning opportunities for you and contribute to environmental and wildlife charities.
The token price is only $0.00085 and will rise to $0.00095 upon its exchange list. Since the initial coin offering started, Chimpzee has already raised over $1.3 million.
At the center of the Chimpzee ecosystem is $CHMPZ, the native token.
You can be a part of the ecosystem by purchasing $SCHMPZ on the ongoing first presale round.
On the ecosystem, $4CHMPZ is used in purchasing NFT passports, which earn 20% annually.
According to the Chimpzee whitepaper, the token purchases Chimpzee merchandise on the platform’s online store. A portion of the revenue from an online store gets don ties.
With the NFTs, members can also take place in a play-to-earn ecosystem. From this platform, one can earn free tokens and exciting prizes.
Pledging to do good for the environment, Chimpzee has already helped plant 1,200 trees.
The platform also donated $15k to the WILD Foundation to protect elephants.
The $CHMPZ ICO has raised over $1.3 million so far.
4. Scorpion Casino – A Next-Gen Crypto Betting Platform.
A next-gen crypto betting platform that provides passive rewards for all holders that increase with platform usage.
The crypto casino market has been on the up-and-coming for the past few years, with many projects becoming enormously popular in a short period of time.
However, there is one new project and platform that looks like it’s going to shake up this niche heavily.
This project is Scorpion Casino, a betting platform that is leading the sector into the future.
The basic premise of this project is to offer you a seamless and fun gaming experience that allows everybody to earn.
With the global online betting platform estimated to be worth $530.2 billion, there is plenty of opportunity here for Scorpion Casino to pounce and capture that market.
The online betting market is nothing to scoff at either, as it may reach $145.6 billion by 2030.
Scorpion Casino has 3 major elements to its ecosystem; the scorpion casino, the affliate system, and the SCORP token.
The first is a licensed crypto sports betting and casino platform, while the affiliate system is a referral and reward mechanism, and the token is a governance and reward token for you.
This casino has over 200 casino games and 160 live games. Which are fair. Expect such games as slots, blackjack, roulette, poker, and live casino.
The SCROP token plays a central role in the ecosystem, with four major benefits. It is the exclusive payment method in the ecosystem.
It offers passive income earnings, grants weekly bonuses and free games, and is also involved in the affiliate system.
The SCORP token has a total supply of 1 billion, with 290 million SCORP allocated for the ICO, with 300 million allocated for the affiliate rewards.
The $SCORP token has raised $1m in its ICO.
5. eTukTuk – a New Crypto ICO that is building Electric Charging Stations
e Tuk Tuk aims to build a network of electric vehicle charging stations to tackle pollution and generate financial rewards for its community.
Currently, more internal combustion engines (ICEs) release carbon dioxide compared to cars.
The project, which is built on the Binance Smart Chain, is not launching its ICO.
To solve this issue in developing countries, e Tuk Tuk aims to get TukTuk drivers to start using zero-emission vehicles (ZEVs).
One of the goals of e Tuk Tuk is to set up Electric Vehicle Supply Equipment (EVSE) and charging stations in urban and suburban areas.
$TUK, the native token, will be vital to expanding this ecosystem. The platform set up territories, where ZEVs and EVSEs are built.
These are built with the help of territory partners responsible for the manufacturing.
e Tuk Tuk plans to release a driver app through which Tuk Tuk drivers can make payments at the charging stations with $TUK tokens.
Territory partners get each payment. a portion of each partner.
Token holders can also stake $TUK to maintain the ecosystem and earn commission from the transactions generated.
Furthermore, you can stake tokens on a staking pool, regularly offering members inflationary rewards.
With the $TUK token holders can contribute to a revolutionary automotive project which is creating electric charging stations.
The ICO has priced $TUK at $0.024 per token and has already raised $50k.
6. ScapesMAnia – New Gaming Presale solving the complexities of the P2E Gaming Space.
This new gaming cryptocurrency has just launched its initial coin offering in 2023.
The Binance Grant Winner of 2023, ScapesMedia offers a gaming ecosystem that benefits Web3 users, whilst Web2 gamers play.
It is a new gaming ecosystem that caters to the Web2 and web3 gaming market. The play-to-earn (P2E) space has faced several challenges in recent years.
Casual gamers are engaging in exciting gameplay, whereas crypto investors are not interested in the gaming process.
With ScapesMania, Web2 gamers can engage in exciting gameplay, with the ecosystem expected to comprise multiple full-fledged games and tournaments.
For Web3 enthusiasts, the platform will offer governance opportunities through the DAO.
By holding $MANIA, the native token, you will eventually be able to vote on implementing new features and control the funds in the ecosystem.
A safe platform to use, ScapesMania is KYC-verified and is audited by BlockSAFU.
$MANIA has a total supply of 4 billion tokens and is used to purchase in-game assets from the ecosystem.
After the engagement increases on the platform, ScapesMania will use approx. 30% -50% of the revenue generated to buy back $MANIA to help limit the token supply.
The whitelist stage is sold out, and currently $MANIA token is on the early-bird presale round.
In total, the presale will allocate 1.2 billion tokens, representing 30% of the total token supply. The token price is only $0.00213.
7. Anarchy Coin – A Meme Coin using a DAO and Deflationary measures to combat inflation.
Instead of following the trend of meme-based cryptos that prioritize humor for financial gains, Anarchy coin ($ANA) employs a dual-purpose strategy.
It aims to address widespread financial issues such as inflation, corruption, and systemic inefficiencies while operating on a profitable model.
$ANA, built on Ethereum, blends the appeal of memes and the effectiveness of a sound DeFi model.
Usually, platforms like Dogecoin are at the forefront of the meme coin landscape.
Meme coin empowers people to fight against problems like government inefficiencies, inflation, and corruption in traditional systems.
It is based on a DAO model. And with every transaction, a small portion(0.5%) of the coin is removed or “burned”. $5 million raised in the ICO so far.
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8. Pikamoon- Promising Crypto ICOs to invest in and a Play-to-earn virtual world inspired by Pokemon.
Having launched its presale in mid-April 2023, Pikamoon is currently one of the best crypto ICOs to invest in 2023.
Pikamoon is a blockchain-based metaverse ecosystem and a play-to-earn platform offering a thrilling gaming experience and an investment opportunity.
In essence, Pikamoon is a combat, strategy, and exploration game where you can traverse the fictional realm of Dreva built in the metaverse.
Completing missions and emerging victorious from fights against other characters can grant you the platform’s native token, $PIKA.
It is a P2E Pokemon game. Its native token, $PIKA, is its main currency, used to access free NFT characters, make purchases in the marketplace, and more.
$PIKA is uses the platform’s marketplace to buy items like health boosts and treats and durability in battles.
In addition, the project’s whitepaper states that holders can also sell their tokens on an exchange or trade them for other crypto coins.
9. Bluesky- New Social Media Protocol allowing Users to retain Content, Contacts, and followers across Platforms.
A Bluesky is an upcoming ICO that got initially kickstarted by Jack Dorsey of Twitter.
Though it no longer has any affiliation with Twitter, it still has its same Blue and White color scheme and is involved with social media interaction.
A new protocol for online social conversations, allows you to transfer your data and contacts across social platforms while promoting user-moderated content.
Bluesky aims to build a social internet through a new model the AT protocol.
This protocol will allow you to take your content with you from platform to platform.
It has benefits for developers. For instance, a centralized platform like Twitter can suddenly restrict or change access to an API.
IT ADDS SOMETHING DIFFERENT AS IT IS A PROTOCOL ALLOWING FOR EASY TRANSFER ACROSS ITS NETWORK.
Developers could build multiple social media applications on Bluesky and you can transfer your accounts over if you wish, giving you full autonomy.
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10. SOLA-X- Solana-based Smart Liquidity Protocol.
A smart liquidity protocol that aims to transform how automated market makers are designed within the Solana ecosystem.
Although a minimum $10,000 investment is needed.
Mainly, SOLA-X is a crypto project that aims to transform how automated market makers (AMMs) are designed within the Solana ecosystem.
It plans to achieve this by creating a smart and flexible liquidity pool SOLA-X ‘s routing feature ensures that a liquidity provider can directly stake his assets in a pool.
Staked assets are distributed to different liquidity pools that offer high APYs, depending on where they are needed most.
The fees are re-distributed to individual stakes. In other words, SOLA-X ensures automatic pool selection and the highest interest rates.
Staking pools can also support multiple assets, thus allowing investors to deposit one or more cryptocurrencies.
The ICO requires a minimum spend of at least $10,000, however, this project is only for you if you are a serious and experienced investor.
11. KryptView- Research -to-earn Platform with upcoming ICO.
Research-to-earn platform that rewards you if you provide access to fundamental data and information on cryptos. Rather than just a technical analysis of cryptocurrencies.
KryptView is calling itself the world’s first research-to-earn platform.
It uses blockchain mechanisms to reward you if you generate fundamental analyses of different cryptocurrencies.
The data provided by a contributor is automatically structured and reviewed by the community before it is shared with KryptView users.
It also comes with other features that allow you to share your portfolio models, and earn rewards if it performs well.
12. Superstate- Bringing Bonds to the Blockchain in a regulatory-compliant manner.
When governments start actively using blockchain technology, it could be a signal for mainstream adoption.
The Superstate mantra is “Building the future of compliant, blockchain-based financial products”. It is a trust-filled with the SEC as of 26 June 2023.
Its principal business office is in San Francisco, California.
Short-term government bonds backed on an Ethereum blockchain for enhanced operational efficiency, improved recordkeeping, and regulatory compliance.
The intention of the fund is to seek consistent income from govt. securities in line with liquidity.
The fund does not invest in anything related to cryptocurrency and is specifically concerned with short-term US govt. securities.
The team behind Superstate is looking to give DeFi investors an easy way to get access to real-world yield, essentially owning two asset classes. DeFi yield and Government bonds.
Superstate is listed as an upcoming ICO, but no details are available yet.
13. Bitcoin BSC – ecofriendly Staking Platform.
An emerging Bitcoin clone on the Binance Smart Chain that offers lucrative staking rewards. with an initial pool of over 6 million tokens and a starting price under a dollar, it has already raised $1 million launch.
It was priced at just $0.99 the initial circulating supply is over 6 million tokens. The same price and supply as Bitcoin in April 2011.
Within just a week of launching, more than $1 million has already been raised and 500,000 tokens have been locked in its staking pool.
BTCBSC operates on a Proof-of-Stake (PoS) system, a departure from Bitcoin’s Proof-of-Work(PoW) model.
This PoS approach allows you to earn passively by staking your tokens.
The rewards depend on the stake’s size, for instance, owning 20,000 BTCBSC tokens in a pool of 100,000 would let you claim 20% of the block rewards.
As per the Bitcoin BSC whitepaper, the leftover 14.455 million tokens are reserved for staking and will be vested over 120 years similar to Bitcoin’s original roadmap.
It is a low entry point that can particularly appeal to those who missed the Bitcoin boom.
Adding to its charm are unique features like less transaction fees, a small carbon footprint, and versatile smart contract functionality.
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14. Wall Street Memes
$WSM is a meme coin created by the Wall Street Memes brand, born from the Wall Street Memes brand, born from the Wall Street Bets Reddit community.
The team previously started the Wall St Bulls NFT project in 2021. Which sold out in 32 minutes. Now, the team aims to tokenize the movement, enabling everyday investors to get rice off “useless meme coins”.
High potential meme coin founded by a well-known crypto and finance meme brand that also offers staking rewards.
It has over 1 million followers, its ICO has now raised over $25 m ahead of its closing date at the end of September.
Elon Musk has engaged with the project on Twitter, exposing it to millions of Twitter users. It is one of the challenging things for any ICO is recognition by the masses.
However, the Wall Street Memes presale had a massive head start as it entered its ICO with over one million followers.
The project, which is against the norms of traditional finance so far has seen significant support from the community.
Therefore, raising over $25 million since it also offers stake-to-earn rewards, is against the norms of traditional finance and so far has seen significant support from the community. Raising over $25 million since launch.
Its explosive performance immediately puts the project in contention for the best ICOs to buy ahead of its presence closing at the end of September.
In celebration of its launch, the Wall Street Memes team is running an airdrop for $50k worth of $WSM. You must complete a series of simple tasks to become eligible.
What are the Disadvantages of ICOs?
ICOs are highly unregulated which means that there is less oversight and protection for you.
Many ICOs have turned out to be scams, and many investors have lost money.
Additionally, ICO tokens are often volatile and illiquid, making them difficult to sell.
What Things You should keep in mind when considering investing in an ICO?
A. Look at the team behind the Project – Who are the founders and advisors? Do they have a good track record?
B. Read the white Paper Carefully – The white paper should explain the project in detail, including the problem it is trying to solve, the solution it is proposing, and the team’s plan for execution.
c. Do your own research – Do not rely on the hype or the promises of the team. Read independent reviews and articles about the project.
d. Only invest what you can afford to lose – ICOs are highly risky investments, and there is a chance that you could lose all of your money.
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As we have seen here, ICOs can be a great way to invest in early-stage crypto projects. However, it is important to do your research and understand the risks involved before investing.
Just be sure to do your homework first. Now go forth and invest wisely!
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The largest ICO is executed by Telegram, an instant messaging services provider. During a private ICO, the UK-registered company raised over $1.7 billion.
SwitEstonia, Gibraltar, Cayman Islands, and Israel.
Investing in an ICO can be a thrilling and potentially profitable venture. But it is not without its pitfalls. The crypto world is a breeding ground for innovation. But a fertile ground for scams. To navigate this landscape successfully, you must approach ICOs with caution and diligence.
Wall Street Memes – High potential meme coin founded by a well-known crypto and finance meme brand that also offers staking rewards. BTC – An emerging token on the Binance Smart Chain that offers lucrative staking rewards every 10 minutes.
Chiefly, ICOs have managed to operate far more efficiently than IPOs by cutting out the need for middlemen (exchanges, brokerages, underwriters, regulators, etc.)Therefore, an ICO can be far more profitable which benefits the investor and the company project doing the ICO.