You are at: Home » Cryptocurrency » 13 Best Cryptos ICOs to Invest in 2024

13 Best Cryptos ICOs to Invest in 2024

Author
Last updated on:
Fact Checker

Getting into the best crypto ICOs is a great way to buy into a new project before it blows up. If you’re searching for the best crypto ICOs to invest in, read on. I explore 13 promising campaigns that offer significant upside potential.

Read on to discover the top initial coin offerings from multiple niches, including meme coins, VR gaming, sustainable transportation, and mining solutions.

  • Brand new mobile-based P2E meme game based on a Tamagotchi-style 2D pet.
  • Buy and stake $PLAY tokens via the presale to earn more crypto via staking and gaming. Currently offering massive APY rewards.
  • $PLAY token holders can earn XP by caring for their pet, the higher the XP the greater the rewards.
Project Launched
May 2024
Purchase Methods
  • BNB
    BNB
  • USDT
    USDT
  • Bank Card
    Bank Card
  • Brand-new meme ERC20 token integrating two hot niches AI and crypto meme culture
  • Degens can buy and stake $WAI to earn passive rewards in excess of 1,000% p/a
  • WienerAI's presale is currently trending having raised over $700k
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • BNB
    BNB
  • +1 more
  • The infamous Pepe gets his own blockchain with Pepe Unchained ($PEPU), a Ethereum Layer-2 Solution
  • Early investors can enjoy the huge staking rewards made possible by Layer-2 technology
  • Pepe Unchained aims to replicate the success of Pepe and expand the Pepe universe even further
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • BNB
    BNB
  • USDT
    USDT
  • Bank Card
    Bank Card
  • +1 more
  • Introducing Base Dawgz ($DAWGZ) a new Base chain meme token offering multi-chain interoperability.
  • Early presale investors get access to staking rewards via ETH blockchain as well as discounted market prices.
  • Base Dawgz is pioneering a new share-to-earn program in which users can earn $DAWGZ tokens by sharing memes on social media.
Project Launched
June 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • SOL
    SOL
  • AVAX
    AVAX
  • BASE
    BASE
  • +2 more
  • Fun play on South Park with viral potential amid Solana meme coin craze
  • Looks to capitalize on expected Summer meme coin frenzy
  • Rumors that it's from same team as SLERF which saw big gains earlier this year
Project Launched
May 2024
Purchase Methods
  • SOL
    SOL
  • The world's top GameFi token hosted on the Solana blochain
  • Coming from an established crypto casino with over 50k players, $DICE offers new utility to this popular casino
  • $2.25M available via airdrops for casino players
Project Launched
April 2024
Purchase Methods
  • SOL
    SOL
  • ETH
    ETH
  • BNB
    BNB
  • Exciting new Learn-to-Earn ecosystem expected to 100x ahead of Bitcoin halving event.
  • Token holders gain exclusive access to trading webinars, courses and more.
  • Buy and stake $99BTC tokens to earn passive rewards.
Project Launched
April 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • Bank Card
    Bank Card
  • USDT
    USDT
  • +1 more
  • Previous version witnessed 100x pump in 2023
  • Massive community of Spongers including +30k followers on social media
  • Early investors can buy and stake $SPONGEV2 tokens for 163% p/a rewards
Project Launched
January 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • Driving a sustainable transportation revolution with green $TUK presale
  • Investors can buy and stake $TUK tokens for 85% yearly rewards
  • Integrates AI for predictive maintenance of electric vehicles
Project Launched
September 2023
Purchase Methods
  • BNB
    BNB
  • USDT
    USDT
  • Bank Card
    Bank Card
  • New cat-themed meme token looking to overthrow Doge's dominance. Presale has already raised over $375k.
  • Throughout the presale buyers can earn extra $KAI tokens via staking.
  • Exciting meme coin with 10x potential that's been fully audited by Coinsult.
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • BNB
    BNB
  • +1 more
  • One-of-a-kind crypto project allowing users to trade fractional NFTs of real-world luxury vehicles
  • Users who acquire 100% of NFTs can burn their NFTs and have real-world car shipped to them
  • Buy $DCARS tokens to earn passive income from rentals. Presale has raised $250k+ so far
Project Launched
May 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • Doge-inspired crypto project with Wild West themes and fun games.
  • Begin earning passively by buying and staking $SHIBASHOOT tokens for 2726% rewards.
  • $SHIBASHOOT token is also a utility coin with users able to earn Posse Rewards via a referral program, earn voting rights, and enter the Lucky Lasso Lottery.
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • Bank Card
    Bank Card
  • BNB
    BNB
  • +1 more
  • Brand new revolutionary crypto payment software solution designed to seamlessly integrate with traditional card machines.
  • SpacePay will let crypto enthusiasts use cryptos from 300+ wallets for daily purchases.
  • Native SPY token offers great utility including revenue share, airdrops, voting rights, and much more.
Project Launched
May 2024
Purchase Methods
  • ETH
    ETH
  • USDT
    USDT
  • AVAX
    AVAX
  • Bank Card
    Bank Card
  • BASE
    BASE
  • BNB
    BNB
  • MATIC
    MATIC
  • USDC
    USDC
  • +5 more
  • New meme token project combining blockchain technology, Web3 retro boxing games, celebs, and funny memes.
  • This meme utility project donates proceeds to various charities including Breast Cancer research and Save the Children.
  • Presale is expected to sell out quickly with $FNIO tokens poised to list on top CEXs immediately after.
Project Launched
May 2024
Purchase Methods
  • BNB
    BNB
  • ETH
    ETH
  • USDT
    USDT
  • World’s first auto-liquidity meme coin on the Polygon network with fun branding, ingenious tokenomics, and innovative features.
  • With a lucrative Share and Earn referral system, users can earn 20% of commission in MATIC on any sale they generate.
  • The ButtChain presale is currently trending and making headlines in the crypto space.
Project Launched
May 2024
Purchase Methods
  • Bank Card
    Bank Card
  • BNB
    BNB
  • ETH
    ETH
  • MATIC
    MATIC
  • SOL
    SOL
  • USDT
    USDT
  • +3 more

The 13 Best ICOs to Invest in Now

In my view, the 13 best crypto ICOs for 2024 are listed below:

  1. PlayDoge – The overall best ICO for 2024, with P2E game and over $3.7M in ICO.
  2. WienerAI – Unique AI and doge-themed meme coin offers high staking APY. $5.3M raised.
  3. Sealana – Hot new Solana-based meme token with a fixed presale price. Over $4M raised.
  4. Base Dawgz – Multi-chain meme token built on Base. $1M raised in a couple of weeks.
  5. 99Bitcoins Token – Learn2Earn crypto platform offers huge staking yields.
  6. Dreamcars – Redefining luxury car ownership and offering passive rewards.
  7. SpacePay – Decentralized crypto payment protocol offers token airdrops, $180K raised in a few days.
  8. Fight Night – High potential meme coin with an engaging backstory and high staking APY.
  9. BlastUp – L2 Ethereum launchpad offers high staking rewards. $5M raised.
  10. Soldiers – Earn token rewards across various crypto gaming modes.
  11. Coindexer – Decentralized crypto offers advanced trading tools and robust security.
  12. Healix – AI-integrated platform making health and well-being more affordable.
  13. Eosi Finance – Private-round ICO with an immediate upside of 850%.

The Top New Crypto ICOs Reviewed

I’ll now review the best ICO cryptocurrency projects listed above. I explore the upside potential, token use cases, ICO details, and other important factors.

1. PlayDoge – Best Crypto ICO, With Over $3.7M Raised in Presale

PlayDoge is a new cryptocurrency based on the Binance blockchain and one of the best ICO currently in the market. Drawing inspiration from the 90’s cult game the Tamagotchi, PlayDoge is aiming to bring utility to the meme coin market via its play-to-earn (P2E) game. By caring for a virtual-Doge-like pet, players are able to earn $PLAY tokens as rewards.

The project has already raised over $3.7 million in a few months of its presale, which comes as the P2E market continues to grow.  According to CoinMarketCap, the category of the crypto ecosystem is currently valued at around $13 billion.

PlayDoge presale

Overall, PLAY aims to replicate the success of Dogecoin, Shiba Inu and, even Flocki, which has soared by over 50% in the past month.

From a total supply of 9.4 billion tokens, 50% has been allocated for the ICO. Another 12% will be distributed as staking rewards. As PlayDoge offers multi-chain utility, tokens can be staked on the BNB and ETH chains. $PLAY token holders can generate an annual yield of 290% and 90% by staking tokens on the ETH and BNB chain, respectively.

Currently, there have been nearly 5 billion tokens staked since the launch of the presale. This ICO has already recorded a lot of interest, and the price to invest will gradually increase as the process continues. Follow the progress of PLAY on X (Twitter) and Telegram channel.

ICO Project Ticker Total Supply Chain ICO Payment Methods
PlayDoge PLAY 9.4 Billion Binance ETH, USDT, BNB, Card

Visit PlayDoge

2. WienerAI – Unique AI and Dog-Themed Token With High Staking APY

Next on our list of best crypto ICOs is WienerAI ($WAI). It is a unique meme token that combines a funny dog theme with advanced AI. It’s quickly gaining investor attention since its presale launch.

Early investors can buy the $WAI token for just $0.000717 during this presale. The project raised over $5.3 million within a few months of its official launch.

WienerAI presale

The initial investor traction reaffirms market excitement and shows its potential to see huge growth similar to other popular meme coins such as Doge and Pepe. What makes WienerAI unique is its big plans to use AI, which are highlighted in its roadmap. They aim to make $WAI into an “upgradeable cybernetic canine AI.”

The platform also has a highly rewarding staking program offering over 207% APY at press time. Staking often encourages long-term token holding and helps stabilize the price after the ICO. WienerAI has set a supply cap of 69 billion tokens. It offers 30% of these tokens to its ICO buyers at a discounted price before it hits the market.

You can buy $WAI tokens directly from their site using BNB, ETH, or USDT. Just make sure you have enough money to cover all the transaction fees.

You can enter WienerAI’s Telegram channel and follow it on X (Twitter) to keep up with the latest project updates.

ICO Project Ticker Total Supply Chain ICO Payment Methods
WienerAI WAI 69 Billion Ethereum ETH, USDT, BNB, Card

Visit WienerAI Token Presale

3. Sealana – Hot new Solana-based Meme Token With a Fixed Presale Price

The next crypto on our best ICOs list is Sealana ($SEAL). It has a fun backstory about a patriotic seal trading from his mom’s basement. It aims to create a relatable story with its humorous take on trading life, based on popular culture references.

It’s worth noting that despite the broader market’s performance being poor lately, many Solana-based meme tokens like POPCAT and Dogwifhat consistently gave returns to investors.

Sealana presale

As the market looks forward to a rally after the Bitcoin halving, Sealana is in a good position to benefit from the expected meme coin excitement. Sealana’s presale model uses a ‘Send to Wallet’ system, where buyers can directly send SOL to its official wallet and immediately get $SEAL. You can also choose to buy $SEAL using the buying widget on the platform’s site.

The meme token has a fixed price (6,900 $SEAL for 1 SOL) during the ongoing presale. Since the start of the presale, Sealana has raised more than $4 million. 

Moreover, Sealana’s connection to previous successful launches like Slerf shows a strong and experienced team behind Sealana. You can enter Sealana’s Telegram group and follow its X (Twitter) handle to get the latest updates.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Sealana SEAL Solana SOL

Visit Sealana

4. Base Dawgz – Multi-Chain Meme Coin Has Raised Over $1 Million on ICO 

Base Dawgz ($DAWGZ) is a multi-chain meme token built on the Base blockchain. $DAWGZ, the native token, has raised more than $1 million within a few weeks of its ICO launch. 

Recently, new Base coins such as Brett and Toshi have offered soaring returns. However, Base Dawgz aims to offer long-term gains by providing real utility to token holders. While Base Dawgz is built on the Base chain, it uses Wormhole and Portal Bridge technology to offer multi-chain utility. 

Base Dawgz presale

Thus, token holders can bridge over to the Ethereum, Solana, Binance, and Avalanche blockchain. Furthermore, Base Dawgz incentivizes user growth through its unique ‘Be Social for Airdrop’ campaign. 

Through this campaign, Base Dawgz will allocate $DAWGZ tokens to those that post content about the platform across social media. Furthermore, 20% of the total 8.453 billion token supply will be distributed as staking rewards. 

All these features have helped Base Dawgz to get off to a strong ICO launch. Currently, $DAWGZ is priced at just $0.00502 per token. For more information, go through the Base Dawgz whitepaper and join the Telegram channel

ICO Project Ticker Total Supply Chain ICO Payment Methods
Base Dawgz DAWGZ 8.453 Billion Base, Ethereum, Solana, Avalanche, Binance USDC, ETH, AVAX, SOL, BNB

Visit Base Dawgz

5. 99Bitcoins – New Crypto Offers Token Rewards Through its Learn2Earn Ecosystem

99Bitcoins ($99BTC) is a new learn-to-earn cryptocurrency platform. This platform pushes you to increase your knowledge about the crypto space by offering its native token as a reward.

Recently, the $99BTC token launched its ICO round – which has raised more than $1.9 million in just a few months. From a total supply of 99 billion tokens, 15% is being allocated through the ICO. Investors are flocking to the ICO due to 99Bitcoins’ multiple use cases.

99Bitcoins presale

Firstly, you can earn additional $99BTC tokens by progressing through the learning curriculum, taking quizzes, and completing assessments. Furthermore, token holders get access to a VIP group, where they can gain insights from like-minded individuals. Token holders also get access to expert trading signals on 99Bitcoins.

Finally, this cryptocurrency also offers huge staking rewards through its secure smart contract. At press time, one can generate more than 800% in annual yields by staking $99BTC. While 99Bitcoins is built on Ethereum, it will eventually migrate to the Bitcoin blockchain.

Once the migration is complete, it will adopt the BRC-20 token standard. Thus, 99Bitcoins can benefit from Bitcoin’s robust network, which developers use to create DApps and NFTs. Early investors can also stand a chance to win a share of the 99Bitcoins airdrop. Through the airdrop campaign, $99,000 worth of tokens will be distributed among 99 lucky winners.

All these reasons have played a role in 99Bitcoin’s rapid presale launch.

ICO Project Ticker Total Supply Chain ICO Payment Methods
99Bitcoins 99BTC 99 billion Ethereum (Will migrate to Bitcoin) ETH, USDT, BNB, Card

Visit 99Bitcoins ICO

6. Dreamcars – Redefining Luxury Car Ownership and Offering Passive Rewards

Another crypto ICO to watch out for is Dreamcars. The platform aims to democratize ownership of luxury cars by using blockchain and its native $DCARS token.

It recently launched an ICO for the $DCARS token – where early buyers can get it for just $0.0105 at press time. But this price will rise to $0.03 at the time of exchange listings.

Dreamcars is unique because it make owning luxury cars much easier and more affordable. You can own a small part of some of the top luxury cars like Lamborghini and Ferrari. Each small piece you own will be an NFT, representing a real car safely stored and insured by Dreamcars.

Dreamcars presale

Key features:

  • You can own a small part of a luxury car for as little as $10.
  • When you own a piece of a car, you get paid regularly when someone rents it. This way, expensive cars can make you money instead of just costing you money.
  • Blockchain ensures everything is safe and transparent. Each NFT is connected to the real car’s information.
  • You can use your car NFTs to get loans while still owning your car pieces.

Interested users can join the Dreamcars Telegram group and follow its X (Twitter) handle.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Dreamcars DCARS 1 billion Ethereum ETH, USDT, BNB

Visit Dreamcars

7. SpacePay – Decentralized Token Supports Crypto Payments at Retail Locations, $180K Raised

The next top ICO to invest in 2024 is SpacePay ($SPY). This ERC-20 token has raised more than $180K within a few days since its ICO launch. 

SpacePay is proving to be one of the top-performing ICOs due to its revolutionary utility. This platform facilitates crypto transactions through its POS (Point-of-Sale) terminal-agnostic payment terminal. Thus, customers can make payments at retail locations with SpacePay. 

SpacePay presale

All one needs to do is scan the QR code displayed on the SpacePay device, connect their wallet, and make a payment. Merchants will have the option to receive funds in the local currency. 

However, the token’s utility extends beyond the payment protocol. $SPY has been created to incentivize the platform’s adoption. Every month, $SPY will be distributed as airdrops to the most used platform members. 

Your $SPY tokens will give you voting access within the platform, as well as quarterly webinar meetings with the leadership team. In the future, $SPY token holders will be the first to access new products and services on the SpacePay platform. 

Due to these features, we believe that SpacePay is one of the top ICOs to take part in 2024. Currently, $SPY is priced at $0.00147 per token. For more information, go through the SpacePay whitepaper and join the Telegram channel

ICO Project Ticker Total Supply Chain ICO Payment Methods
SpacePay SPY 34 Billion Ethereum ETH, USDT, USDC, Card

Visit SpacePay

8. Fight Night – High Potential Meme coin with an engaging backstory and high staking APY

Another promising ICO to watch is Fight Night ($FNIO). It’s a trending new meme token inspired by famous boxers Mike Tyson and Muhammad Ali. 

This meme token’s theme differs from the usual animal-themed meme coins. It’s built a play-to-earn game around the “Fist of Friendship” theme – where you can earn $FNIO tokens by playing. You can use these tokens to get exciting rewards in the game.

You play as Mike Tyson in the game. He gets hit by lightning and meets Ali, who gives him magic boxing gloves. Tyson then goes on an adventure to beat the bad guy, Jake Paul. Fight Night also plans to make a webtoon series on Webtoons.com and boxing-themed casino games.

Fight Night Presale homepage

The $FNIO token is currently in its presale phase. This means you can buy it at a lower price of $0.00091 using ETH, USDT, or a card. There are 200 billion tokens in total, and 48 billion are offered in the presale to early buyers.

You can also stake your tokens and earn an APY of over 10,000% at the time of writing. Buyers can follow Fight Night on X (Twitter) and join their Telegram channel to stay updated.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Fight Night FNIO 200 Billion Ethereum ETH, USDT, Card

Visit Fight Night

9. BlastUp – New L2 Ethereum Launchpad, $5 Million Raised on Presale 

BlastUp ($BLP) is a layer-two Ethereum launchpad, giving users access to new and upcoming projects on the Blast ecosystem. $BLP, the native cryptocurrency, will be used to get a portion of BlastUp’s revenues from new projects and earn bonuses and NFT rewards. 

Currently, $BLP is priced at $0.06 per token during the ongoing ICO stage. From a 1 billion token supply, 200 million tokens are being offered through the ICO. So far, the ICO has raised $5 million. 

BlastUp presale

Token holders can stake $BLP on smart contracts to earn high interest and passive income. Those staked holders who invest in new IDO projects through the launchpad also earn exclusive loyalty rewards on BlastUp. 

By purchasing $BLP, you can also start collecting ‘Booster Points,’ – another utility token on BlastUp. Those holding at least 1,000 points can open a ‘Blastbox’ and win a range of NFTs and ETH tokens. 

BlastUp also offers a portion of funds raised from upcoming projects to staked token holders through staking pools. All these use cases have helped $BLP blast off since its ICO launch. 

For more project updates, join the BlastUp Telegram channel and follow the project on Twitter

ICO Project Ticker Total Supply Chain ICO Payment Methods
BlastUp BLP 1 billion Ethereum ETH, USDT, BNB, MATIC, credit cards

Visit BlastUp

10. Soldiers – Earn Token Rewards Across Various Crypto Gaming Modes

Soldiers ($SDRS) is a new cryptocurrency that allows token holders to earn rewards by engaging in various battle and competition modes. 

$SDRS, the native token, has recently launched on stage one of a ten-stage ICO. From a total supply of 1 billion tokens, Soldiers will allocate 250 million for the ICO. At press time, $SDRS is priced at $0.00000666667 during the first stage. 

When $SDRS launches on exchanges, the price will increase by 150% to $0.00001 per token. Therefore, early ICO investors could benefit by investing in the token during the early stages. 

Soldiers Token Presale

Soldiers will allow token holders to engage in gaming modes such as ‘Rumble,’ allowing them to join a team and battle for rewards. Token rewards will be divided depending on your ranking system. The highest ranking system is the ‘General’ – which offers a 1x multiplier on the total rewards earned. 

One of the upcoming features of Soldiers is the ‘Showdown’ mode, an NFT soldiers card game. You can also earn $SDRS by actively engaging with the community. A staking mechanism will be implemented in the future to reward loyal and long-term token stakers. 

To learn more about this cryptocurrency, go through the Soldiers whitepaper and join the Telegram channel.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Soldiers SDRS 1 billion Solana SOL

Visit Soldiers Token

11. Coindexer – Decentralized Cryptocurrency Offers a Robust Security Network and Advanced Trading Tools

Coindexer ($COINDEX) is a decentralized crypto platform that bridges the gap between decentralized and centralized trading. The native token, $ COINDEX, has recently launched its ICO campaign and is priced at $0.00156 per token.

$COINDEX has a total supply of 5 billion tokens, of which 2.5 billion are being allocated for the ICO. So far, the ICO has raised more than $20K in a few weeks. Early ICO investors can benefit from the high staking yield Coindexer offers.

Coindexer presale

At press time, investors can stake their holdings on Coindexer and generate an annual yield of 3,087%. 10% of the total supply will be offered as staking rewards in the long-term. Importantly, Coindexer’s centralized and decentralized trading features will play an integral role in attracting investors to the ICO.

For decentralized traders, Coindexer offers a number of robust security features, such as penetration testing, rigorous code reviews, and smart contract audits. Furthermore, investor’s funds are stored in multi-signature wallets. For traders that use centralized exchanges, Coindexer comes equipped with a number of advanced trading tools, such as stop-loss orders, limit orders, and margin trading.

These factors can help build demand for the ongoing $COINDEX presale. To learn more about this new cryptocurrency, go through the Coindexer whitepaper and join the Telegram channel.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Coindexer COINDEX 5 billion Ethereum ETH, USDT

Visit Coindexer

12. Healix – AI-Integrated Platform Making Health and Well-being More Affordable

Healix (HLX) is operating in a multi-trillion marketplace; health and well-being. It has developed an inclusive ecosystem that’s fueled by artificial intelligence and data science. It aims to make healthcare more affordable. Healix has created a mobile app that connects healthcare practitioners and fitness coaches to the masses.

The app leverages biometrics to obtain real-time data, which is securely held on the blockchain. This offers many use cases, such as sleep tracking, stress monitoring, and wellness scoring. It also offers AI-backed training, allowing users to set and track fitness goals.

Healix ICO

There is also a rewards-based system, meaning users can earn HLX tokens when achieving health objectives. HLX is also a payment currency, enabling users to purchase health services and well-being products. The Healix ICO is in stage one, so just over $62,000 has been raised so far. This enables early investors to secure the lowest price of $0.03.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Healix HLX 1 billion BNB Chain BNB, USDT

13. Eosi Finance – Private-Round ICO With an Immediate Upside of 850%

Eosi Finance (EOSIF) has developed a consumer-friendly trading platform that supports passive investing. Put simply, users can copy pre-vetted crypto traders like-for-like. Anything the trader buys or sells is replicated in real-time. Eosi Finance has also integrated AI solutions. This helps users to choose the best trader based on their goals and risk tolerance.

The platform is on-chain, meaning that Eosi Finance never touches client funds. Instead, users securely connect a wallet and enable smart contracts to execute positions. The platform is also cloud-based, ensuring server uptime around the clock. EOSIF is the native ecosystem token backing the project.

Eosi Finance ICO

It’s currently being sold via a private-round ICO, which anyone can access. The current ICO price is just $0.10. This increases to $0.60 when the public round starts. After the ICO, EOSIF will be listed on exchanges at $0.95. This offers an 850% upside for private-round investors. However, there is a vesting period, where 25% of tokens are released every four months.

ICO Project Ticker Total Supply Chain ICO Payment Methods
Eosi Finance EOSIF 80 million Polygon MATIC

What is an ICO in Crypto?

ICOs are initial coin offerings. They’re similar to initial public offerings, as they enable crypto projects to raise funds from retail investors. The process is simple; ICO investments are made with popular coins like ETH or USDT. In return, ICO investors receive the project’s native tokens.

This means ICO investors are buying a brand-new token before it launches on exchanges. Put otherwise, it’s like buying into a startup before it lists on a stock exchange. Just like ICOs, this offers preferential pricing for early investors. This is because you’re backing a project before it becomes mainstream.

However, ICOs are very risky. You’re often investing before the project has a working product or service. It might never achieve its goals and objectives, which can leave ICO investors with worthless tokens. That said, due to the increased risks, ICO investors expect significant returns.

ICO Example: As per CoinCodex data, Solana held its fundraising campaign in April 2018. Early investors paid just $0.22 per SOL. Solana has since achieved an all-time high price of $260.06. This represented returns of almost 12,000%. So, for every $1,000 invested, you could have returned $120,000.

Is an ICO the Same as a Crypto Presale?

The terms ‘ICO’ and ‘presale’ are used interchangeably. They refer to the same mechanism. That is, new crypto projects sell their native tokens to raise funds. Anyone can invest in a presale/ICO.

In most cases, the project will run the fundraising campaign on its website. Investors connect a wallet, choose their payment currency (e.g. ETH or USDT), and purchase the tokens.

After the presale/ICO, the tokens will be listed on exchanges. This is usually a decentralized exchange, although some projects achieve centralized listings from the get-go.

ICOs vs IEOs

Another term you’ll likely come across is IEOs, or initial exchange offerings. IEOs are different from ICOs. This is because IEOs are held directly on crypto exchanges. This comes with several benefits. For a start, IEOs are typically pre-vetted by the exchange platform.

This gives investors confidence, as the project will have gone through a KYC (Know-Your-Customer) process. The exchange will also evaluate the project goals, token use cases, and smart contract audit. In addition, the tokens will usually be listed on the respective exchange once the IEO is over. This can offer immediate liquidity, although this depends on the exchange.

In contrast, ICOs sell their tokens directly to investors. While this means projects aren’t pre-vetted, ICO investors generally get a much better deal. I found that ICOs offer staggered pricing structures, meaning early investors secure the lowest entry price. What’s more, anyone can invest in an ICO. IEOs, however, might only be available to investors from eligible countries.

How do Crypto ICOs Work?

The best crypto ICOs are brand-new projects, so can yield significant upside. However, the investment process is different from buying tokens on an exchange.

Therefore, if you’re new to cryptocurrency ICOs, I’ll now explain how the process works. This will ensure you avoid mistakes, which can lead to a loss of funds.

Assessment Period

Once an ICO launches, new investors will initially research the project. This often means reading the whitepaper and exploring the token use cases. However, an increasing number of ICOs are launching without whitepapers or roadmap targets – especially meme coins.

Dogeverse ICO

This isn’t necessarily a drawback. After all, dogwifhat doesn’t have a whitepaper – and it’s since hit a $4 billion valuation. That said, investors should still research the tokenomics, such as the total token supply, whether there’s a transaction tax, and the network standard (e.g. Ethereum or Solana).

Token Creation

ICOs sell brand-new tokens before they trade on crypto exchanges. In the majority of cases, the tokens will be created before the ICO launches. This enables investors to evaluate the smart contract and ensure it’s been audited. Otherwise, there is a risk that the smart contract can be changed, resulting in a rug pull. More on this later.

The created tokens will operate on a legacy blockchain network. This makes it easy for investors to buy the token. For instance, Slothana is built on the Solana blockchain, which is popular with new meme coin projects. This means investors can buy Slothana with SOL. .

Soft and Hard Caps

Most ICOs come with a soft cap target. This is the minimum amount the project needs to raise during the cryptocurrency ICO. If the soft cap isn’t reached, then investors will receive their funds back.

The hard cap is the maximum amount the project wants to raise. Once reached, the ICO will usually end. However, some projects continue raising funds even though the hard cap has been achieved.

Setting up an ICO Order

ICOs usually run on the project’s website. Investors are required to connect a wallet, such as Phantom or MetaMask. They can choose their preferred payment currency (e.g. ETH) and type in the number of tokens they want to buy.

After confirming the order, the payment currency will be deducted from the wallet. The ICO tokens will then be deposited into the same wallet. This sometimes happens after the ICO has finished.

Exchange Listing

The final stage of the ICO process is exchange listings. This means the ICO tokens will be listed on public exchanges, allowing anyone to buy or sell them. Most projects will opt for a decentralized exchange (DEX) to begin with. No application is required; anyone can list tokens on DEXs like Jupiter and Uniswap.

The project will choose the initial listing price and add liquidity. This ensures new investors can trade the tokens in smooth market conditions. Once trading begins, ICO investors will hope the token price increases. This will happen if the token attracts more buyers than sellers. However, the opposite can also happen, meaning the token price declines.

Why Invest in Initial Coin Offerings?

I’ll now reveal the core benefits of investing in new ICO crypto projects. After that, I’ll move on to the risks.

Long-Term Profit Potential

Investing in the right ICO can yield significant long-term profits. This is because you’re investing in a new project from the ground up. While investments can take several years to truly blossom, ICO returns can be substantial. Crucially, you’re taking on increased risks by investing in an unproven concept, so high returns should be expected.

Let’s consider some real-world examples. I mentioned earlier that Solana raised funds at $0.22 per SOL in 2018. In 2024, SOL hit all-time highs, increasing by almost 12,000% from its initial funding price. What’s more, many investors believe Solana is still worth a fraction of its true potential. So sizable gains are also possible during the next bull cycle.

Ethereum price since launch

Similarly, Ethereum has also rewarded early backers. As per CoinCodex data, Ethereum’s ICO was priced at $0.31 per ETH. In 2021, ETH hit all-time highs of almost $5,000. This represents ICO gains of over 1.6 million percent. Just like Solana, Ethereum has a long way to go before reaching its true potential.

A more recent success story is Avalanche. CoinCodex data shows that the Avalanche ICO sold AVAX for just $0.50. AVAX hit an all-time high of $146.22 in late 2021. This represents gains of over 29,000% for ICO investors. That’s $290,000 for every $1,000 invested.

An Opportunity to Make Rapid Short-Term Gains

The most substantial ICO returns are made when investing long-term. This is evident with projects like Solana, Ethereum, and Avalanche. However, ICOs are also ideal for making short-term gains. This is because ICO projects typically have a small market capitalization.

So, when the tokens list on exchanges, they can increase at a much faster pace than large-cap projects. What’s more, there’s often FOMO (fear of missing out) when an ICO sells its full allocation. This means investors will often buy the tokens once they trade on public exchanges.

A recent example is BOOK OF MEME. According to CoinCodex data, BOOK OF MEME was listed at $ 0.00005880 on March 14th, 2024. Just two days later, BOOK OF MEME hit an all-time high of $0.02805. This early means investors made over 47,000%.

Secure an ICO Discount

Another benefit of investing in ICOs is that many campaigns offer discounted pricing. This means investors can secure an upside before the tokens list on exchanges.

Fun Fact: The biggest ICO of all time is EOS. The EOS ICO, which concluded in 2018, raised more than $4 billion. Today, EOS is worth just over $1 billion – highlighting that many ICOs fail to live up to expectations.

What are the Risks of Initial Coin Offerings?

Even the best ICOs are inherently risky.

Consider the following risks before investing in an initial coin offering:

  • Scams: Some ICOs are scams, meaning the sole aim is to defraud investors. The project might have no intentions of achieving success. Rather, the ICO will collect funds from investors before disappearing. Therefore, research is crucial when investing in ICOs.
  • Contract Amendments: Another risk is that ICO projects could amend the smart contract. For instance, they might restrict sell transactions. This means people can buy the tokens but not cash out. To avoid this risk, make sure the smart contract has been audited and renounced. This means the contract can’t be changed.
  • Price Depreciation: ICO token prices will rise and fall once listed on exchanges. This can’t be controlled by the ICO project, as crypto prices are determined by market forces. If the price declines below what you paid during the ICO, you’ll be running at a loss. The best defense here is to ensure you’re well-diversified.
  • Wallet Hacks: ICO tokens are deposited into the investor’s wallet. This also presents a risk, as wallet hacks are increasingly becoming popular. If the wallet is hacked remotely, the ICO tokens will be stolen. This is also the case for any other tokens stored in the wallet. Ensure you’re using a reputable wallet with suitable security controls.

How to Find the Best Crypto ICOs

I’ve explored the benefits and risks of new ICOs. Next, I’ll explain how to find upcoming ICOs with the most potential. After all, there isn’t a centralized database with ICO listings, so you’ll need to put in some legwork.

X (Formally Twitter)

I’d suggest starting with X when searching for the best ICOs. This is the de-facto social media platform for crypto projects. Growing a strong following on X is crucial to building a strong community, which is why it’s often the first port of call for ICOs.

Finding new ICOs on X

First, search for #ICO and focus on the most recent posts. You might find an ICO gem straightaway. Similarly, it’s worth searching for #presale too. In addition, there are also pages on X dedicated exclusively to upcoming ICO campaigns. ICO Announcement is a good example, which has over 477,000 followers.

ICO Aggregation Websites

Next, check out some of the leading ICO aggregation websites. These platforms offer an initial coin offering list in real-time, so you can find suitable projects at the earliest stage possible. 

The two market leaders in this space are ICOBench and ICO Drops. Their crypto ICO list will state the start and end dates, current fundraising amount, pricing, and links to the respective website.

Telegram Groups

I’d also suggest finding some top-rated Telegram groups that specialize in crypto investments. More specifically, make sure the group is focused on finding small-cap gems, which should include ICOs.

Prioritize groups with the largest number of members, as these are likely to be active. 

Reddit 

The best crypto ICOs are often advertised or discussed on Reddit. The best group is r/CryptocurrencyICO, which has over 187,000 members.

Just be careful when engaging on Reddit, there are many scammers. Never click links from Reddit and avoid responding to private messages. 

How to Invest in an ICO

Once you’ve discovered the top ICOs for 2024, you’ll need to complete an investment.

The step-by-step process is summarized below:

  • Step 1: Get Some Crypto: You’ll need some crypto before you can invest in an ICO. Visit the ICO website and check what coins are accepted. If it’s an Ethereum-based ICO, you can typically use ETH and USDT. If it’s Solana-based, then you’ll likely need SOL. The best altcoins can be purchased at reputable exchanges like eToro, Coinbase, and Kraken.
  • Step 2: Transfer Crypto to a Wallet: Once you’ve bought crypto from an exchange, transfer the coins to a suitable wallet. A good option for Ethereum-based ICOs is MetaMask. Phantom is a good option for Solana-based ICOs.
  • Step 3: Connect Wallet to ICO Website: You should now have a funded wallet. Next, connect the wallet to the ICO website. You’ll need to confirm authorization from within the wallet.
  • Step 4: Set up ICO Order: After connecting the wallet, fill out the ICO order form. You’ll need to select the purchase currency (e.g. ETH or SOL) and type in the investment size.
  • Step 5: Complete ICO Investment: Check everything is correct and confirm the ICO investment. Finally, open your wallet and provide authorization for the transaction.

Once authorization is provided, a smart contract will complete the investment. This means the original coins are deducted from your wallet. Then, the ICO tokens are deposited into the same wallet.

Conclusion

ICOs are inherently risky. But by conducting adequate research and ensuring you’re well diversified, ICOs can generate significant profit potential. In my view, PlayDoge is the best crypto ICO for 2024.

This is a meme coin combining Doge with the Tamagotchi 2D game to create a virtual world. The play-to-earn (P2E) game offers players the opportunity to earn rewards by caring for a digital pet.

Visit PlayDoge ICO

FAQs

What is an ICO in cryptocurrency?

ICOs are initial coin offerings, which allow investors to buy a brand-new crypto token before the broader market. The tokens will be listed on exchanges after the ICO, often at a higher price.

Are crypto ICOs legal?

ICOs are legal in most countries, but there are some exceptions. Some countries require ICOs to be registered as securities, while others ban them outright. Check the laws in your home country before investing in ICOs.

Are ICOs safe to invest in?

The investment process itself is safe, but not all ICOs are credible projects. Ensure you’re well diversified, conduct plenty of research, and never invest more than you can afford to lose.

What are the best ICOs to invest in right now?

Some of the best ICO cryptos are PlayDoge, WienerAI, and Sealana. This covers a blend of niches, including meme coins, VR gaming, and sustainable transportation.

Are ICOs a good investment?

Picking the right ICO can yield significant gains, especially if the project becomes mainstream. However, most ICOs fail, meaning you could lose money.

References

  1. Crypto gets crazy again with dog-inspired tokens and Bitcoin eyeing $45,000 (Bloomberg)
  2. Consumer warning about the risks of Initial Coin Offerings (‘ICOs’) (FCA)
  3. How to avoid getting duped by a bogus initial coin offering (CNBC)
  4. A blockchain start-up just raised $4 billion without a live product (CNBC)
  5. Risks of cryptocurrencies, initial coin offerings and other digital tokens (MoneySense.gov)

Kane Pepi is an established financial and crypto content writer who has an impressive portfolio of over 2k articles, guides, and market insights. With his market knowledge in specialized areas such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane Pepi has acquired a good reputation for delivering succinct explanations of complex financial issues. He has a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently completing his Doctorate degree, which investigates the intricacies of money laundering in the cryptocurrency and blockchain technology sectors. Kane's experience in the world of finance make him a valuable resource for those looking to navigate the world of finance and cryptocurrency.

View all Posts by Kane Pepi

Free Bitcoin Crash Course

Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
We hate spam as much as you do. You can unsubscribe with one click.
We hate spam as much as you do. You can unsubscribe with one click.
Scroll to Top