Holding an ICO or Initial Coin Offering allows a new crypto project to raise funds by creating a new coin, app, or service and selling it to potential investors on public sale.
Investors who find the project rewarding can purchase the project’s token at ICO to help the company raise capital and also receive a discount compared to its potential future value.
There are many new crypto ICOs on the market, which makes it a little daunting to choose the right one for you – in this guide we pick out some of the best based on online reviews and Reddit chatter.
Top Crypto ICOs of 2024
Here’s our list of the top crypto ICOs this year, which we’ll take a detailed look at in this guide:
- Best Wallet Token – High Potential ICO With a Wallet-Themed Usecase
- Flockerz – Leading Meme Coin ICO Offering DAO Perks
- Wall Street Pepe – Trending ICO With a Creative and Degen-Favourite Concept
A Detailed Look at the Best ICO Crypto Projects
We have minutely reviewed the below-mentioned ICO crypto projects and have incorporated all the details so you can successfully decide on the best crypto ICOs worth investing in.
Best Wallet Tokens – High Potential ICO With a Wallet-Themed Usecase
Best Wallet Token is a project designed to offer real utility and robust backing for an already successful platform. As the native token of Best Wallet, BEST supports a well-established ecosystem that allows users to manage digital assets across more than 60 blockchains while engaging with DeFi tools. BEST enhances the platform by providing users with reduced transaction fees, making trades and transfers more cost-effective.
It also unlocks early access to presales through the wallet’s aggregator, enabling holders to invest in promising projects before they reach the public. For those who prefer long-term strategies, staking BEST offers competitive APY rewards, providing a steady source of passive income and encouraging deeper engagement with the platform.
Unlike many new ICOs, BEST benefits from being tied to Best Wallet, a platform with an existing and active community. Best Wallet has been in the market for a while, earning the trust of users and gaining recognition as a reliable digital asset management tool. This established reputation gives BEST a significant edge, as it doesn’t rely solely on speculative hype but instead offers proven functionality and a loyal user base. The platform’s reputation and the token’s integration into its ecosystem make BEST an attractive investment for those looking for a balanced addition to their portfolio.
At the moment, BEST is in an exclusive presale phase, available only to Best Wallet users until December. This presale allows early adopters to acquire the token at a foundational price, positioning them to benefit from potential gains as the project moves toward its public launch. For those seeking a utility-driven token with strong growth potential and exclusive early access, BEST offers a rare opportunity to invest in a project tied to an already successful ecosystem.
Flockerz – Leading Meme Coin ICO Offering DAO Perks
Flockerz is another addition to the list of best crypto ICOs to invest in this year for several reasons. First, it is a meme coin, and meme coins have already proven to be popular assets, especially when the market is volatile.
With Flockerz, the meme coin appeal is amplified by its unique animal focus. A flock of hens, reminiscent of old-school NFTs, and quirky memes combine to boost the token’s value and attract attention.
The second factor that makes Flockerz one of the best crypto ICOs of the year is its realistic utility. It offers a Vote-to-Earn mechanic tied to its DAO, providing investors with a simplified approach to generating passive gains. In addition, staking is available to ICO investors, offering upwards of 6000% APY at the time of writing.
Flockerz could be a good addition for those looking to diversify their crypto investment portfolios. It’s also a low-cap crypto, making it affordable for most investors.
Wall Street Pepe – Trending ICO With a Creative and Degen-Favourite Concept
Wall Street Pepe is an ICO that offers more than just the usual memecoin theatrics. It’s a project that understands the art of balancing playful irreverence with serious investor benefits, making its presale an intriguing prospect for those seeking a blend of creativity and functionality.
The project’s narrative revolves around Pepe, a tongue-in-cheek mascot that stands against financial exclusivity, symbolizing rebellion with humor. But Wall Street Pepe isn’t limited to its storytelling. Its presale phase has been designed to maximize early participation, with a well-calibrated allocation that rewards both early adopters and community growth. The ICO structure offers access to WEPE tokens, priced attractively for a limited time, giving investors an entry point into what could become a major player in the crypto space.
Unlike typical ICOs that rely solely on hype, Wall Street Pepe delivers tangible utility. WEPE token holders will gain access to a comprehensive ecosystem featuring advanced trading tools, premium market insights, and community-driven competitions. The staking program, offering a remarkable APY, turns early investments into a passive income opportunity, creating value for participants even before the token makes its debut on major exchanges.
What sets this ICO apart is the meticulous tokenomics, with only 20% of the 200 billion tokens allocated for the presale. This ensures exclusivity and scarcity while retaining sufficient supply for liquidity, marketing, and community incentives. Combined with its Solidproof-audited contract, the project has positioned itself as a credible and sustainable option in a market flooded with fleeting opportunities.
For those who value both creativity and substance in their crypto investments, Wall Street Pepe’s ICO offers an entry into a project that’s more than just a trend—it’s a vision for the next era of memecoins.
What is a Crypto ICO?
An ICO is one of the most popular and hassle-free methods of raising funds for early-stage projects, mostly related to crypto.
The companies put a certain number of tokens to be given out during the ICO event to accumulate capital for the business. Whereas in return, the investors receive the tokens and make their way early in the project.
To participate in an ICO, you must possess the basic knowledge of crypto wallets and exchanges. Not just that, you must have an established digital currency as, mostly, the companies require you to pay in that— BTC and ETH being the most popular ones.
ICO can also be perceived as crowdfunding and creates a win-win situation for both the investors and the companies.
However, one must acknowledge that seeking a lucrative or best ICO can be downright challenging and risky as you never know how the project will come out in the future.
How Does a Crypto ICO Work?
Firstly, the organization planning to roll out the ICO will determine the coin’s structure.
These are of three types:
- Fixed supply and fixed price.
- Fixed supply and dynamic price.
- Dynamic supply and fixed price.
Afterward, the company announces some necessary details about the ICO, such as its price, release date, etc., in advance. And some information regarding its token as well— use cases, the total number of supply, allocations, etc.
Once the ICO hits the market, investors can buy the new currency by sending funds to a crypto wallet address. This mostly involves sending other prominent cryptocurrencies to make the purchase. However, some accept fiat currency as well. Once done, investors have to share the address of their wallets to receive the tokens.
ICOs are equivalent to an Initial Public Offering (IPO). However, one major drawback of the ICO, which even makes it extremely speculative, is that it does not have any regulating authorities. Meaning that they are not obliged to any legal monetary statements or business strategies.
Often a crypto ICO takes place over the company’s website, adding to its risk factors. Any project or company wanting to raise funds can form a coin and an ICO as no regulations are involved.
And since all the processes take place over the company’s websites, it makes it even riskier as the company may run away with all the accumulated funds. Hence, it is crucial to do the necessary research and then proceed further with the project.
How to Find the Top New Crypto ICOs
Apart from ICOs, IDOs and IEOs are also investors’ choices to make money from an early-stage project.
That said, it is not easy to choose between one method or the best ICO to invest in.
However, you can consider the following points while seeking the best ICO cryptos:
White Paper
The first and foremost step when looking for the best ICO crypto is to look for the project’s white paper. White papers are report or guide that tells about an organization and its strategies related to its project.
A white paper that is strategically planned depicts credibility and future success. However, one that is poorly carried out or shows no practical approach represents a lack of potential.
Team and Partnerships
Once the white paper seems to be on point, consider checking the founders and partners of the project because if they are experienced or well-known founders, the project is most likely to be on the good side.
Make sure to cross-check whether the project has any blogs or social posts around the partnerships, as these can be deceiving too.
Tokenomics and Allocations
As mentioned, the company also announces a few details about its digital token before the ICO launch, and one must not refrain from reviewing them.
Check the percentage of tokens the project plans to distribute among investors, founders, team members, and partners, as a good ICO project will always balance the distributed tokens.
Also see our updated guide to upcoming ICOs of 2024.
Are ICO Cryptos a Good Investment?
ICO crypto being a good investment or not depends on several aspects such as its business plan, future potential, marketing strategies, and more.
Below are some of the advantages of a good ICO crypto:
Low Entry Price
Early-stage projects tend to sell their tokens at a relatively low token price, allowing the investors to obtain the token at a fairly good deal.
Unlock Rewards
Some crypto projects open the doors of earning for their investors even without selling the token or waiting for its price to soar. Investors can simply stake digital assets and earn rewards.
Moreover, they can also be used to grab rare NFTs even before they get launched.
First Mover Advantage
Investing in an early-stage project allows investors to get their hands on a project even before its launch on public platforms.
This means that the investors have a chance of experiencing a profit if the project hits the market at a higher price.
However, this can only happen if the coin turns out to be profitable. If the coin’s demand falls, investors may have to face loss.
Risks of Crypto ICOs
Following are the risks associated with the crypto ICOs:
- Crypto projects are volatile. Therefore, their value fluctuates from time to time and cannot be easily predicted.
- There are chances of higher risks as there are no regulations involved.
- Many startups that are unable to convince VC firms to invest turn to ICOs to raise funding.
It is recommended to scrutinize a project minutely and then move ahead to avoid any future loss. It’s also still possible to profit by buying some of the best altcoins on the market today that completed their ICOs many years ago.
Conclusion
Crypto ICO allows investors to experience the earlier phase of a project that may or may not be rewarding. As discussed, all of this depends on the project one invests in and how it turns out to be.
The above guide will help you choose the right crypto ICO to invest in. But again, it is recommended to DYOR (Do Your Own Research) before investing to avoid any potential loss.
One of the emerging players in the list of upcoming crypto ICOs is Wall Street Pepe.
