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Top Crypto ICOs to Invest In – Reviews of ICO Cryptos

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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:

  1. Smog – High Potential Memecoin Available on the Jupiter DEX
  2. Bitcoin Minetrix – Bitcoin-Driven ICO with a Stake-to-Mine Utility
  3. Scotty the AI – AI Crypto With a Meme-Concept
  4. Sponge V2 – Meme Project with an Upcoming ICO
  5. Meme Kombat – Crypto ICO in the P2E Niche
  6. eTukTuk – Crypto ICO With an Attractive Green Initiative

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.

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.

SMOG

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.

Visit Smog

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.

Bitcoin Minetrix

$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.

Visit Bitcoin Minetrix ICO

Scotty the AI – AI Crypto With a Meme-Concept

An ICO currently dominating both social media buzz and the presale arena is Scotty the AI. What makes this project stand out is its perfect blend of meme appeal and cutting-edge technology. As a doge-based memecoin, Scotty the AI rides the wave of meme culture, promising rapid ascension on the price charts.

Scotty the AI

But it’s not all fun and games; Scotty the AI packs a powerful punch with its AI-driven fundamentals. Positioned as the guardian of the Ethereum blockchain, Scotty ensures security against fraud, lightning-fast transactions, and insightful market analysis. Picture Scotty as a cyborg Scottish Terrier, vigilantly watching over the blockchain landscape, providing a safe haven for crypto investors.

Fueling Scotty’s rise are two game-changing elements: Scotty Swap, a decentralized exchange powered by AI for swift and profitable trades, and ScottyChat, a chatbot delivering lightning-fast AI-driven analytics.

Already, Scotty the AI’s presale has amassed over $475k, with investor interest continuing to soar. The project represents the perfect marriage of meme appeal and technological innovation, paving the way for a new era of secure and insightful crypto trading, thus making it an excellent ICO to consider investing in now for great returns in the future.

Visit Scotty the AI ICO

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.

Sponge V2

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.

Visit Sponge V2 ICO

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.

eTukTuk Best New Crypto

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.

Visit eTukTuk ICO

Meme Kombat – Crypto ICO in the P2E Niche

Meme Kombat ($MK), the latest contender in the crypto presale arena, is quickly gaining traction. This new meme coin is causing a stir by merging gaming and staking elements into its platform. The unique proposition of Meme Kombat lies in its concept: automated, AI-powered battles between memes, a novelty in the crypto world.

Meme Kombat

The ongoing presale of Meme Kombat offers an enticing opportunity for early supporters, with 50% of the $MK supply up for grabs. The presale’s hard cap is set at $10 million, and $MK tokens are available at $1.667 per token.

Remarkably, within just a few hours of its launch, the Meme Kombat presale has already raked in over $30,000 in investments, signaling robust early interest. The project’s Telegram channel has also witnessed a surge in members eager to engage in meme battles.

Following the conclusion of the presale, the $MK token will make its way to a decentralized exchange (DEX), broadening accessibility and trading options. To ensure liquidity, 10% of the total $MK supply will be reserved for this purpose, enhancing the overall user experience.

Visit Meme Kombat ICO

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.

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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 Bitcoin Minetrix. A project that is undergoing a successful presale and has unique fundamentals.

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