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:
- Dogeverse – Top Crypto ICO bringing Multi-Chain Functionality to Meme Coins
- Mega Dice – Online Crypto Casino with Upcoming ICO
- 99Bitcoins – Promising L2E Educational Platform with Upcoming ICO
- Slothana – Sloth-Themed Memecoin ICO Inspired by Slerf
- 5th Scape – Popular VR Crypto Conducting Its ICO
- Sponge V2 – Meme Project with an Upcoming ICO
- Smog – High Potential Memecoin Available on the Jupiter DEX
- eTukTuk – Crypto ICO With an Attractive Green Initiative
- Bitcoin Minetrix – Bitcoin-Driven ICO with a Stake-to-Mine Utility
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.
Dogeverse – Top Crypto ICO bringing Multi-Chain Functionality to Meme Coins
Dogeverse is the first Doge meme token in history to be genuinely multi-chain. Inspired by the fabled travels of Cosmo, the chain-hopping Doge, Dogeverse brings together various cryptocurrency communities with its vision of a single ecosystem. It currently spans six blockchains – Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base – a significant advancement in blockchain interconnectedness. Dogeverse is thus breaking new ground in the cryptocurrency space in contrast to the abundance of meme coins, which usually don’t have any real use or impact.
Dogeverse is the first meme token developed on a multi-chain network offering traders with community access and flexibility. Doge “Cosmo” is the primary mascot, depicted as a traveler on the blockchain who hops verses. Chain hopping between the Ethereum, Polygon, BNB Chain, Solana, Base, and Avalanche blockchains is made easier by bridge technology. Consequently, there is only one massive ecosystem that ideally blends communication, creativity, community, and rewards.
The presale numbers speak for themselves. As of this writing, Dogeverse has raised over $8.34 million, and the presale has not yet ended. Token holders have the option of using the Dogeverse ecosystem as they want once the multi-chain feature is deployed. They are free to choose chains with quicker processing times and cheaper transaction costs, making trading more personalized. There is Base’s diversity, Ethereum’s accessibility, Avalanche’s scalability, Solana and Polygon’s affordability, and BNB’s utility to choose from.
Mega Dice – Online Crypto Casino with Upcoming ICO
Mega Dice ($DICE) is a Telegram-based online casino that pays out its players in cryptocurrencies. Holders of the native token $DICE can wager on sports, play games, and win rewards. Launched in 2022, the cryptocurrency sportsbook only began the presale of its native token, $DICE, in April 2024. Mega Dice has so far shown promise with its platform security and efficiency, rich user experience, and unique performance-based incentives. The platform has raised over $377K in a matter of hours since launching its presale for its native $DICE tokens.
The platform had a sizable user base by the time it opened up for the current $DICE native token presale. Mega Dice has a Curacao license, which adds to its trust and reputation. It is also the only online casino that offers players daily performance-based rewards and is among the select few cryptocurrency casinos with the fastest growth rates.
Mega Dice offers various games across sportsbook, casino, slots, game shows, crash games, and betting event categories for all player levels. As part of its game lineup, the sportsbook has partnered with publishers such as Evolution and Pragmatic Play to provide over 5,000 games for 50,000 platform users. Players also need not go through the cumbersome KYC process before enjoying games. Users have also responded favorably to the $500 welcome package that includes free spins and deposit bonuses.
Mega Dice now hopes to make trading with $DICE possible for cryptocurrency investors who aren’t already a part of its user base with the launch of its native token. It only makes sense that cryptocurrency investors are becoming more interested in and aware of the platform. Other attractive factors include Mega Dice’s promising potential, strategic roadmap, and strong presale performance thus far.
99Bitcoins – Promising L2E Educational Platform with Upcoming ICO
99Bitcoins is an one of the best ICO cryptos to have launched this year and has investors beelined for its ongoing presale. In the few days since the project’s revised Learn-to-Earn token went on sale, it has already raised over $5.87 million. 99Bitcoins is eyeing a launch on several leading crypto exchanges by the third quarter of 2024.
99Bitcoins is using the novel Learn-to-Earn (L2E) ecosystem to make cryptocurrency education profitable, interesting, and enjoyable. Users can win rewards upon completing course modules, interactive tutorials and tests, and improving their understanding of cryptocurrencies. The new-age crypto learning platform supports various learning styles, including hands-on and visual learning.
The synchronous L2E platform plans to include features like news feeds, trading signals, and token price charts in addition to guides on virtual currencies like Peercoin, Litecoin, Namecoin, and Feathercoin over time. The multi-phased, clear timelines of the 99Bitcoins presale have received much appreciation by cryptocurrency experts.
$99BTC holders can also stake the token for dynamic rewards, paid out on every Ethereum block from a dedicated percentage of the total funds. With a community of over 2 million platform subscribers and nearly 709k social media followers, 99Bitcoins is undoubtedly one of the best ICO cryptos to look out for in 2024. The token’s special use case and potential gives early adopters a unique chance to be part of the project’s development.
Slothana – Sloth-Themed Memecoin ICO Inspired by Slerf
Slothana emerges onto the cryptocurrency scene as a promising ICO project, drawing inspiration from the viral success of its predecessor, Slerf. Like Slerf, Slothana capitalizes on the allure of meme coins, leveraging quirky imagery and a playful narrative to capture the attention of the crypto community.
The meteoric rise of Slerf, with trading volumes surpassing $2 billion and a market capitalization exceeding $300 million, serves as a testament to the potential of meme coins to captivate investors’ imaginations. Slothana aims to ride this wave of enthusiasm, offering investors an opportunity to participate in its presale with the promise of fun and community engagement.
Slothana’s unconventional presale model adds to its allure, requiring investors to simply send SOL tokens to a designated wallet and await the airdrop of SLOTH tokens once the ICO concludes. This streamlined process reflects the project’s commitment to simplicity and accessibility, appealing to both seasoned investors and newcomers alike.
Despite the absence of detailed project information on its website or social media channels, Slothana’s emphasis on viral potential and the power of community-driven engagement resonates with investors seeking opportunities for exponential growth. The prospect of investing in a project poised to capture the popularity of meme coin mania is undeniably intriguing, fueling speculation and anticipation within the crypto community.
5th Scape – Popular VR Crypto Conducting Its ICO
As the cryptocurrency space continues to show bullish sentiments in 2024, 5th Scape stands out as a groundbreaking ICO worth considering for investors seeking the next big opportunity. This innovative project aims to transform the augmented reality (AR) and virtual reality (VR) sectors, promising to redefine entertainment, social interaction, and educational content through immersive digital experiences. With its presale already underway and an upcoming launch on multiple exchanges, 5th Scape is quickly gaining momentum, drawing attention from investors and industry observers alike who hail it as a pioneering venture.
5th Scape’s appeal lies in its comprehensive ecosystem, which includes cutting-edge hardware products like the Swiftscape chair and VR Ultra headset, alongside an array of immersive games such as Cage Conquest, Thrust Hunter, and Immersive Kickoff. This holistic approach demonstrates the project’s commitment to delivering an unmatched AR/VR experience, setting it apart in an industry poised for exponential growth.
Moreover, 5th Scape has captivated the crypto community’s interest, with its roadmap and vision being showcased across various platforms and social media channels by top crypto influencers. This visibility has not only bolstered its credibility but also underscored the project’s potential for significant developments in the near future.
With the token set to launch at a market cap of $15 million and rigorous audits by reputable firms, 5th Scape presents a compelling investment case. It offers investors a unique opportunity to engage with the burgeoning metaverse and AR/VR markets at an early stage, potentially reaping substantial rewards as the project matures and expands its offerings. Investors looking for innovative, high-growth potential ICOs in the evolving digital landscape should consider 5th Scape as a prime candidate.
Sponge V2 – Meme Project with an Upcoming ICO
Sponge V2, a popular memecoin, has emerged, introducing distinctive utilities to the Sponge ecosystem. To provide context, Sponge V1 was among the prominent memecoins of 2023, experiencing rapid growth by 3200% upon its launch before stabilizing.
Unlike many other memecoins of that period, Sponge V1 retained its relevance, maintaining a substantial community and a current market capitalization exceeding $10 million. This sustained relevance can be attributed to the theme of Spongebob Squarepants, a popular cartoon integrated into the project’s concept. With the arrival of Sponge V2, developers aim to unlock the hidden potential of this memecoin, presenting an improved version that is anticipated to launch its ICO soon.
Sponge V2, currently attainable solely through staking, allows existing Sponge V1 holders to stake their holdings via the website to receive an equivalent number of Sponge tokens. Those joining later can purchase and simultaneously stake their Sponge V1 tokens. Stakers who commit for longer durations stand to earn APY rewards, starting at 40%.
Amidst a crowded market of projects, considering an option like Sponge, which has sustained its presence without market turbulence, may be viewed as a safe yet potentially lucrative investment offering high returns.
Smog – High Potential Memecoin Available on the Jupiter DEX
Diverging from conventional norms, the Smog crypto project, based on Solana, emerged without the customary pre-sale phase. Its current availability solely on Jupiter presents an opportune moment to delve into the crypto sphere. Smog has rapidly ascended to the upper echelons of memecoins, sporting a distinctive green dragon motif and exuding a whimsical allure while harboring ambitions of memecoin supremacy.
The initial surge observed on Jupiter DEX, witnessing a remarkable 15-fold surge in value within a mere three hours, serves as a testament to its early potential. Yet, beyond its surface charm lies a calculated endeavor- the orchestration of what it touts as the “greatest airdrop of all time.” While details regarding the airdrop mechanics or potential rewards remain veiled, the project has introduced staking as a means for users to bolster their chances of securing enhanced airdrop rewards. The project has also managed to bring about an ETH bridge upgrade recently, to cater better to the growing community.
Embracing a unique gamified approach to airdrops, Smog reserves a substantial 35% of its substantial 1.4 billion token supply for this venture. By incentivizing holders to engage in tasks and accrue airdrop points, it promises greater rewards for active participation. While it may deviate from the conventional ICO model, the SMOG token stands poised for significant future gains, rendering it a compelling crypto asset to consider allocating funds towards at present.
eTukTuk – Crypto ICO With an Attractive Green Initiative
eTukTuk (TUK) is making waves as a dual-purpose dynamo, offering a unique blend of financial innovation and environmental impact. The eTukTuk EV, backed by blockchain and AI, stands out as a reliable and cost-effective alternative to traditional TukTuks, creating a win-win situation for investors and the planet.
Investors are rallying behind the TUK token, which plays a pivotal role in eTukTuk’s success. Priced attractively at $0.026 in the presale, it has already secured substantial funding, with staking opportunities boasting an impressive APY of 382% for early adopters. The scalable model ensures global network expansion, marking a decisive shift towards sustainable transportation.
Tangible achievements underscore eTukTuk’s impact, with strategic partnerships leading to the establishment of 200+ charging stations and a significant reduction in operating costs for drivers. The integration of Layer 2 opBNB from BNB Chain showcases the project’s commitment to efficiency and innovation, providing exciting prospects for crypto enthusiasts.
eTukTuk is not just a crypto project; it’s a dual-impact dynamo driving both financial and environmental triumph. Joining the eTukTuk movement means being part of a transformative journey towards a sustainable and prosperous future.
Bitcoin Minetrix – Bitcoin-Driven ICO with a Stake-to-Mine Utility
As Bitcoin grapples with its challenges, crypto enthusiasts are turning their attention to promising projects like Bitcoin Minetrix ($BTCMTX) to seek out new investment opportunities.
$BTCMTX’s mission is clear: it aims to democratize cryptocurrency mining through its innovative Stake-to-Mine model. By staking $BTCMTX tokens, users can earn Bitcoin mining credits, which translate into real mining time and rewards.
The project discloses that only 4 million $BTCMTX tokens will ever exist, with 70% earmarked for early presale participants. The token was made accessible during the presale at a mere $0.011 per token, a strategy that garnered over $100,000 within its first day.
Looking forward, Bitcoin Minetrix has ambitious plans to take its Stake-to-Mine protocol global, partnering with major cloud mining entities to bolster mining capacity. Furthermore, they intend to launch a mobile version of their platform, allowing users to manage their mining activities conveniently from their smartphones.
In a market where innovation is key, Bitcoin Minetrix is positioning itself as a viable choice for those seeking passive income opportunities in the cryptocurrency space.
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.
Your capital is at risk
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 Dogeverse.
Dogeverse - Multichain Meme Coin
- Early Access Presale Live Now
- Bridge To Solana, Base, BNB Chain, Polygon, Avalanche
- Staking Rewards - thedogeverse.com
- Trade With Low Fees
- World's First Chain Travelling Doge - Cosmo
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