Initial Coin Offerings, or ‘ICOs,’ are an integral part of the cryptocurrency ecosystem, allowing projects to raise capital by selling tokens to early investors. In turn, these ICOs provide scope for investors to generate huge returns if the project ends up listing on a major exchange – although not all ICOs will reach this stage.
This guide discusses 20 of the best upcoming ICOs to be aware of, exploring what they are and how each token works before highlighting several reasons why ICOs can be considered a solid investment opportunity.
A Closer Look at the Best New ICO Crypto Projects
The upcoming ICO list presented above was derived using in-depth research and analysis, ensuring that each project contains the inherent potential for value increases. Let’s dive in and explore each of these upcoming ICOs in more detail, touching on their use cases and roadmaps:
1. Bitcoin ETF Token – Best New ICO Offers Staking Rewards and Deflationary Tokenomics
Bitcoin ETF Token ($BTCETF) is our top pick for the best new initial coin offering in 2023. This new ERC-20 token has just started its ICO – and raised more than $540K in only a week.
$BTCETF, the native token, speculates on the imminent arrival of a Bitcoin ETF (Exchange-Traded Fund). The tokenomics of the project has been created in a way to reward token holders once the Bitcoin ETF shows progress.
For instance, on the completion of the following 5 milestones, Bitcoin ETF Token will offer staking rewards and burn 5% of its token supply:
- The official approval of the first Bitcoin ETF by the SEC
- The first Bitcoin ETF is released
- Bitcoin ETF assets under management reach $1 billion
- Bitcoin closes above $100K
- Total $BTCETF trading volume hits $100 million
Thus, 25% of the token supply will be burned over time. At press time, interested investors can buy $BTCETF for just $0.0052 – during the second ICO round. The ICO consists of ten rounds – through which 840 million tokens will be allocated.
By the final round, the price will increase to $0.0068 per token. By the end of the ICO, Bitcoin ETF Token aims to raise a hard cap of $4.956 million. By participating in the ICO, investors can also get their own referral code. Once another investor makes a purchase using your referral code, you will receive 5% of their purchase as a bonus.
By entering during the presale, investors can also earn high staking APYs (Annual Percentage Yields). At press time, Bitcoin ETF Token is offering more than 450% staking APYs. The more tokens you stake, the higher your potential earnings.
|Hard Cap||$4.956 Million|
|Total Tokens||2.1 Billion|
|Tokens available in presale||840 Million|
|Purchase with||USDT, ETH, BNB, MATIC, Card|
2. Bitcoin Minetrix – High Quality Coin To Revolutionize BTC Cloud Mining, Offers 1,260% APY
Bitcoin Minetrix (BTCMTX) is a brand new presale that aims to tokenize and break up the rigid Bitcoin mining system with a new stake-to-mine ecosystem.
This is a top-quality presale with many levels of income generation and a completely new concept. It makes the BTC cloud mining market easy, accessible, and low-cost.
At the current time. Bitcoin mining is not accessible to ordinary individuals. The network is governed by huge mining conglomerates, with massive server farms. It is not possible for individuals to compete.
The price of a single mining unity, known as an ASIC, can be above $10,000. This is not inclusive of electricity costs, and it requires a lot of expertise to maintain such machines.
And even though there are Bitcoin cloud mining platforms that remove the need for hardware, the industry is not safe. The investment cost is often at least $100, and there are a lot of dishonest providers and unclear terms and conditions.
So Bitcoin Minetrix brings something new to the industry. The upfront cost is just $10 and users have 100% control over their operations, because it uses smart contacts and non-transferable ERC20 tokens as mining credits.
The process is very simple. Users stake their coins for mining credits, which are burned in return for BTC. The more mining credits that are burned, the more that is earned in total.
This campaign currently offers a 1,260% APY and the price entry is $0.011, though this will rise as the presale continues. The final price is $0.0119 before it lists on an exchange, and there are 10 stages in the presale.
Bitcoin Minetrix scored well in its voluntary third party smart contract audit and some analysts have pegged it as a 10x token, though this is a volatile industry and nothing is certain.
It has raised over $500,000 in its ongoing presale, in about one week.
USDT, ETH, BNB
3. Wall Street Memes – Upcoming ICO of Meme Coin Backed by a Renowned Brand with Over a Million Supporters, Raised Over $25 Millon
Building on its successful Ethereum-based NFT collection, Wall St Bulls, a renowned brand in the crypto sphere, is set to launch its meme crypto ICO with the Wall Street Memes ($WSM) token.
After an incredible response to their NFT collection in 2021, which was fully sold within half an hour, the organization is gearing up to capitalize on the latest crypto wave with their meme coin.
Meme cryptos have seen remarkable growth lately with the rise of coins like Pepe. $WSM seeks to offer opportunities to those who missed their chances on the previous meme coin wave.
$WSM has raised over $25 million during its presale, showing the support it has received from investors. Currently, $WSM tokens are available to buy from popular DEXs including OKX.
Although presales can be risky, projects backed by strong communities tend to yield substantial long-term benefits.
Wall Street Memes has strong community backing with a combined following exceeding a million across multiple social platforms. Even Elon Musk has recognized its influence, engaging with the platform’s Twitter account.
Given its rapid growth and extensive support base, the $WSM token could attract significant attention from top-tier crypto exchanges, including Binance.
To celebrate the $WSM presale, the project will offer a $50k airdrop for holders participating through its social channels.
As per the Wall Street Memes whitepaper, the project has a maximum supply limit of 2 billion. Half of this total amount is saved for presale activities; 30% is set aside for community incentives, while the remaining 20% is intended to ensure exchange liquidity.
Remarkably, the team hasn’t reserved any allocation, eliminating any possibility of a rug pull and emphasizing the project’s community-driven nature.
In essence, Wall Street Memes is an innovative crypto project combining meme culture and blockchain, leveraging its community’s strength to reshape modern finance. You can join the Wall Street Memes Telegram channel for the latest updates.
USDT, ETH, BNB
4. eTukTuk – New Green Crypto With a Focus On Sustainable EVs and Strong Charging Infrastructure
eTukTuk, an innovative transport solution based on the Cardano blockchain, targets significant global issues like climate change and financial inequality.
This upcoming ICO blends green technology with the potential for economic advancement, focusing initially on Sri Lanka’s transportation landscape.
Their native token, $TUK, is currently in the whitelisting phase, looking to revolutionize the automotive sector.
eTukTuk proposes a shift from conventional to electric TukTuks, addressing environmental concerns and introducing more economical road vehicles.
This project sets its sights on deploying affordable electric vehicles (EVs) and establishing an accessible charging infrastructure. The eTukTuk whitepaper highlights that this move could reduce carbon emissions and operational costs, potentially boosting driver earnings by four times.
The Sri Lankan conglomerate, The Capital Maharaja Group, supports eTukTuk with a 20% equity stake. Their backing allows eTukTuk to leverage local manufacturing, contributing to Sri Lanka’s economy while advocating green transport.
But eTukTuk’s vision extends beyond eco-friendly considerations. The project envisions narrowing economic gaps by utilizing blockchain to provide digital identities, opening doors to new financial prospects.
eTukTuk’s unique concept of Territory Partners allows stakeholders to boost the network’s growth and receive rewards in return. This model encourages a sharing economy, supporting sustainability, accessibility, and financial inclusion.
To stay updated on the platform’s journey, interested individuals can join the eTukTuk Telegram channel for regular updates.
5. Chimpzee – Combining Blockchain with Eco-friendly Actions For Earning Rewards, Raised Over $638k
Chimpzee is a new ICO crypto that shifts focus from a purely financial focus by blending environmental awareness with tokenized user benefits. Its mission extends beyond blockchain, focusing on eco-friendly actions and social betterment.
The platform has several features designed to incentivize its users while making a positive global impact. It plans to achieve this through its Play-to-Earn, Shop-to-Earn, and Trade-to-Earn models.
Moreover, to help fulfill its mission, 10% of Chimpzee’s token supply and some profits are pledged to environmental causes.
At the time of writing, the project is on presale with its native token, CHMPZ, available for $0.00067 USDT in the sixth presale stage. Moreover, the future listing price is set to be at $0.00185 USDT.
As per the Chimpzee whitepaper, the AI-powered mobile application is a crucial feature of the Chimpzee ecosystem. This tool creates personalized avatars, serving as a key for generating a unique Chimpzee NFT passport.
This passport offers exclusive benefits, including gaining additional CHMPZ tokens and improving users’ ability to maximize their passive income.
The presale event allows getting a Chimpzee Diamond NFT passport, which can be availed by buying $CHMPZ only during the first six presale stages.
Owners of the Diamond passport enjoy various perks, benefits, and a 20% staking APY. Also, owning a Diamond passport grants users access to an AI-powered Mobile Application.
Also, the whitelist NFT passport prelaunch is exclusive to presale investors, adding more incentives to early participation. Buying NFT passports allows users to participate in a play-to-earn game and contribute to environmental causes. In addition to the 20% APY on stake, NFT passports let users accumulate CHMPZ tokens when buying Chimpzee merchandise.
Moreover, the tokens used for the NFT Passport purchase are effectively removed from circulation.
Chimpanzee has also facilitated the planting of 1,200 trees and donated $15K to the WILD Foundation for elephant protection.
The project combines crypto with environmental and social good, presenting a unique opportunity for investors. You can enter the Chimpzee Telegram channel to get the latest updates.
ETH, USDT, BNB
6. Scorpion Casino – Gaming and Casino Platform With Staking Rewards Up to $10,000 USDT
Seeking to revolutionize the online gambling industry, Scorpion Casino, backed by its native token $SCORP, is an emerging ICO. It merges the thrill of casino gaming and sports betting with the advantages of the blockchain.
Hosting over 370 games, including 210 casino and 160 live games, the platform offers a diverse yet seamless gaming experience. Renowned providers like Evolution, AMATIC, and NetEnt ensure high game quality, offering games like blackjack, poker, roulette, slots, and more.
Those using the bonus code ‘Scorpion20’ in the presale, which has secured over $428k, can receive an additional 20% tokens for a limited duration.
It includes a comprehensive sports betting platform, covering over 30,000 betting options across popular sports like football, tennis, basketball, and even MMA. Hence, sports enthusiasts can bet on their favorite matches through tie-ups with leading sports leagues.
Operating with complete transparency and fairness, Scorpion Casino is fully licensed and regulated by the Curacao EGaming authority. In addition, the casino collaborates with trustworthy platforms like BetRadar and CoinsPaid, cementing its commitment to deliver an optimal user experience.
At the center of this ecosystem, the $SCORP token is an exclusive payment token for betting across sports, esports, and casinos. The token also promises a passive income for holders via a 2% redistribution tax on all transactions and a 1% burn tax, making it deflationary.
Moreover, Investors depositing over $1,000 enjoy enhanced benefits through the Scorpion Members Club. These include VIP services, casino cashback, extra staking rewards, and bonus SCORP tokens.
Interested users can enter the Scorpion Casino Telegram channel to stay updated with the latest news.
ETH, USDT, BNB
7. Launchpad XYZ – Simplifying Web3 Investments For Beginners With Advanced Tools
Recognizing the complexity of the blockchain, Launchpad XYZ is a new crypto ICO with a comprehensive portal that simplifies navigation for newcomers and seasoned crypto enthusiasts.
Their native token, $LPX, is currently in the presale phase and is selling out for $0.0445 USDT, with a listing price of $0.0565 USDT. Moreover, The platform raised over $1 million in the presale stage, indicating strong investor support.
Presale participants get the opportunity to procure tokens at a lower price before exchange listing, bearing in mind that crypto presales carry certain inherent risks. Although there are inherent risks associated with participating in crypto presales, previous instances such as Tamadoge have shown the possibility of significant gains, thus presenting them as a potential asset worth exploring for portfolio diversification.
As per the Launchpad XYZ whitepaper, the platform seeks to create unique Web3 experiences, offering tools that guide new traders on when to buy, hold, and sell.
This user-friendly approach and the platform’s engagement with major sectors like NFTs, DeFi, and play-to-earn games position Launchpad XYZ as a key resource in the Web3 investment landscape.
The platform’s perpetual decentralized exchange (DEX) permits traders to hedge and limit exposure to sudden market changes. Launchpad XYZ simplifies the process of Web3 wallet creation, requiring just an email or phone number, thereby lowering entry barriers. This wallet facilitates various functionalities like token swapping, asset self-custody, dApp interaction, and Web3 service access.
Moreover, Launchpad XYZ embraces the NFT wave, offering a comprehensive platform for users to explore, trade, and curate NFTs. Exclusive deals for users listing, staking, or custody of blue-chip NFTs make it even more attractive to NFT enthusiasts.
Stay updated on the latest project updates via the Launchpad XYZ Telegram channel.
ETH, USDT, BNB, Card
8. yPredict – AI-driven Crypto Analytics Platform Rushing Through ICO Stages, Raised Over $2.6 Million
yPredict, an upcoming ICO with an advanced crypto analytics platform, introduces its native token, $YPRED. Thus far, the platform has been rushing through its presale stages, securing over $2.6 million.
A unique feature of yPredict is its fusion of AI and machine learning to streamline crypto trading, catering to various experience levels. It uses AI components, including Natural Language Processing (NLP), and collaborates with AI developers to provide forecasting models for investors.
It’s crafted for use in yPredict’s trading terminal, which follows a freemium model and offers varying features and insights.
The current token price is $0.09, but it is projected to experience a 33.3% increase to $0.12 upon exchange listing, with BitMart already confirmed for this process.
According to the yPredict whitepaper, the platform boasts features like pattern recognition, sentiment, indicator analysis, and transaction analysis, all enhanced by machine learning.
Another notable feature of yPredict is its financial model marketplace. It’s a space where AI and ML experts can share their predictive models, with users subscribing and paying fees via YPRED tokens. This creates an incentive ecosystem and drives the practical utility of YPRED.
Purchasers of $YPRED tokens can stake them to earn passive revenue. Ten percent of all new subscription fees are shared amongst the current token holders.
Additionally, the platform imposes a swap fee, a portion of which (15%) is reserved for the staking pool. Furthermore, the Learn2Earn platform allows individuals to accrue tokens by participating in crypto-related quizzes and tests.
The aggregate token supply has a limit of 100 million, with an allocation of 80% across an eight-phase presale. During the token creation event, half of these presale tokens will be released, whereas the remainder will be subject to a six-week hold followed by a six-month vesting term.
For more details on the yPredict project, join the yPredict Telegram group.
MATIC, ETH, USDT, BNB, Card
9. Mooky – Eco-Friendly Meme Crypto With NFTs Linked to Real-life Trees, Raised Over $859K
Mooky, a meme-based crypto, has created a unique blend of blockchain and environmental conservation to promote a greener future.
This fusion offers investors the fun of memes, the financial prospects of crypto, and the satisfaction of contributing positively to the environment. Mooky does this through strategic alignment with charities working towards tree planting and forest preservation.
The platform’s native token, $MOOK, is currently on presale at $0.00000735 USDT each. However, it is set to touch $0.00003125 USDT as it reaches the final stage.
Notably, 70% of the total 500 billion $MOOK tokens are made available for presale. The platform has already raised over $859k relatively quickly.
A unique feature of Mooky’s ecosystem is its approach toward NFTs. Each NFT purchased via the $MOOK tokens corresponds to a real tree, connecting each digital investment with a tangible environmental impact. These NFTs, based on their rarity, range from Common to Legendary.
Investors owning the top-tier NFTs, namely Super Rare and Legendary, can be a part of the exclusive Mooky Ventures Club. As part of this club, investors gain a say in important platform decisions and participate in exclusive airdrops, paving the way for passive income opportunities.
Moreover, 3% of Mooky’s token supply goes towards charity-driven initiatives. Additionally, NFT transactions incur a fee, part of which supports associated charities, further solidifying Mooky’s commitment to sustainability.
To ensure investor engagement, Mooky maintains a no-transaction-tax policy on its $MOOK tokens and regularly updates its community through the Mooky Telegram channel.
ETH, USDT, BNB
10. LayerZero – Building Bridges For Seamless Cross-Blockchain Communication
LayerZero is an innovative ICO that addresses the critical issue of blockchain fragmentation, aiming to build a future where blockchains are seamlessly interconnected.
It is like a universal translator for blockchains. Today, each blockchain is isolated, unable to communicate effectively with other chains. This creates problems when transferring something, like digital money, from one blockchain to another.
The platform solves this issue by creating a common language all blockchains can understand. It does this with the help of two helpers, an Oracle, and a Relayer.
The Oracle tells where the message has to go, and the Relayer ensures it gets there. This system allows different blockchains to work harmoniously.
With LayerZero, developers can build apps that work across blockchains, making things easier and more secure for everyone. Simply put, LayerZero is like a bridge, connecting different blockchains and allowing transactions to move freely.
11. Neon EVM – Merging Ethereum’s Development Community With Solana’s Technical Power
Neon EVM is an upcoming ICO that integrates the robustness of Ethereum’s development community with the technical advantages of Solana, creating a solid combination that improves the capabilities of Ethereum dApps.
This unique solution bridges these leading blockchains, enabling Ethereum dApps to leverage Solana’s low transaction fees, high speeds, and parallel execution capacities.
Despite Solana’s impressive organic growth, its incompatibility with the Ethereum Virtual Machine (EVM) kept it isolated from its thriving ecosystem.
Neon EVM eliminates this isolation, allowing developers to deploy Ethereum dApps on Solana without any code changes. The result is a platform that significantly improves Solana’s appeal to multichain builders while ensuring user security and safety.
As a smart contract operating on Solana, Neon EVM ensures decentralization, sustainability, and security. Overall, Neon EVM makes it easier for developers to port over existing EVM smart contract code to Solana, opening up new avenues of growth and innovation.
12. O-MEE – New ICO Coin Within the Social Media Niche
Another of the top upcoming ICOs to watch is O-MEE. O-MEE is a social subscription network and NFT marketplace that allows creators to monetize their artwork effectively. Whether that be digital art, videos, photography, or anything else, O-MEE’s subscription feature will allow creators to receive income for their content through flexible pricing plans.
Like other social networks, O-MEE will enable people to follow others, like content, and engage. This upcoming ICO will focus on the network’s native token, $OME, which has various use cases within the ecosystem. These include buying NFTs, donating to content creators, staking, yield farming, and governance.
As such, O-MEE looks likely to be one of the best ICO cryptos of the year, which is made even more likely due to the project’s huge community backing. O-MEE’s Twitter page already has over 46,000 followers, whilst the project’s Telegram is nearing 70,000 members. Overall, this new ICO coin looks likely to have a prosperous future ahead as we progress through 2023.
13. Fusotao – Upcoming ICO Looking to Revolutionize DEXs
Fusotao is a reliable verification protocol for orderbook-based matching systems, aiming to provide higher scalability to the best DeFi exchanges. Fusotao’s fundamental approach is to ‘execute off-chain, verify on-chain’, which will allow developers to use the protocol when creating decentralized exchanges (DEXs).
In turn, Fusotao will enable these exchanges to have zero-cost GAS and low latency – offering similar performance to the best crypto exchanges. This will be achieved by introducing an orderbook-based system into DEXs, an approach that has not been seen before. Although this is undoubtedly a unique approach, users will still retain complete control over their assets.
$TAO is the native token of the Fusotao protocol, with a total supply of 100 million. Most of these tokens will be allocated for community rewards, which enable network participants to generate income through staking and validation. Overall, thanks to its unique use case, Fusotao looks set to be one of the top new ICOs for 2023.
14. MetaClash – New ICO Crypto with Exciting P2E Elements
Another of the best upcoming ICOs to be aware of is MetaClash. As noted in the project’s whitepaper, MetaClash is a blockchain-based game with exciting P2E elements. Within the game, players can design their own avatars (called Digital Avatars of Destruction), which are structured as NFTs. These avatars can be upgraded as players progress through the game, increasing their powers and speeds.
This cool NFT project is built using Unreal Engine to offer various in-world factions for users to join. Players can battle against other players to earn rewards, with scope to upgrade their avatars by finding vehicle parts within MetaClash’s virtual world. Players can also purchase plots of virtual land, where they can mine for material.
MetaClash will employ various tokens to ensure the ecosystem runs smoothly, with $PCORE being the main one. There will be a total of 100 billion $PCORE tokens in existence, with this token able to be used when purchasing land, upgrading avatars, and governance. Thanks to its exciting gameplay elements, MetaClash could become one of the best new ICO coins of the year.
15. Republic Note – One of the Best Upcoming ICOs in 2023 for Passive Income
Another exciting addition to our upcoming ICO list is Republic Note. Republic Note is the upcoming token from Republic – a startup investing platform that aims to be accessible to everyone. At the time of writing, Republic has facilitated over $500 million in investments from over one million people – with much of this growth occurring after the COVID-19 pandemic.
The Republic Note token, dubbed ‘R/Note’, will allow holders to receive a share of the profits generated through some aspects of Republic’s business. Due to this, Republic Note could become the best crypto to invest in for passive income investors, as the platform has already attracted attention from many household names. These include Robinhood, Dapper, Klarna, Kraken, and more.
R/Note holders will generate income through liquidity events and dividends – although there will also be scope to benefit from value increases. This is because R/Note’s supply is capped at 800 million tokens, with 30% of them locked until 2023. As such, supply and demand elements are favourable for price increases, making this upcoming ICO an attractive event for crypto investors.
16. Eco – Innovative Fintech App with Numerous Use Cases
Eco is an upcoming ICO that offers an exciting addition to the fintech space. This project has already received backing from some major players in the crypto scene, including Andreessen Horowitz and Coinbase Ventures. There are also over 35,000 followers on Eco’s Twitter page, highlighting the hype around this project.
Put simply, the Eco App offers a way for users to spend, send, save, and make money, all in one location. Offering many of the same services as a traditional bank, the app provides cashback on spending, APY on savings, and reward points when users pay their bills using Eco. Eco Points are accrued wherever a user spends, forming the basis for the new ecosystem the project is creating.
As noted on many ICO reporting websites, Eco is gearing up to release its own token soon. Although details are scarce on this token, most of these websites have noted that interest in the project is ‘High’ or ‘Very High’. Given that the token type has been stated as ERC-20, this ensures that Eco will be compatible with the vast universe of Ethereum-based projects.
17. Mavia – Best Upcoming ICO Within the ‘Battle-Builder’ Gaming Niche
One of the best new ICOs for 2023 within the blockchain gaming space is Mavia. Mavia aims to be the world’s first AAA ‘blockchain base builder’ game, allowing users to construct an in-world base and conquer enemy bases. In return for skilled gameplay, users will be rewarded with $RUBY – Mavia’s native token.
Mavia’s gameplay is similar to the legendary Command & Conquer gaming franchise, meaning players can build their own armies and construct strategies to attack other players. $RUBY will be earned by winning battles and defending bases from attacks, with various in-game challenges also providing rewards. Furthermore, players can also upgrade their bases using $RUBY, making it one of the best metaverse coins in terms of in-world utility.
Mavia will also feature a built-in NFT marketplace and scope for live battle streaming. Although not scheduled to launch until Q4 2022, Mavia has already begun picking up hype through social media ahead of its token and virtual land sale in the coming weeks.
18. Social-Service – Social Network Combining Blockchain Technology with P2P Elements
Social-Service is a soon-to-be-released crypto project that seeks to combine P2P services with blockchain technology. Taking inspiration from leading social networks, Social-Service aims to provide ‘mutually beneficial services’ without financial relationships. The platform also looks to create a community of people, allowing for resource sharing and mutual assistance
The specifics of Social-Service’s platform are unclear; however, the official website mentions that it will be entirely decentralized and available in any country worldwide. According to the project’s roadmap, there will be a ‘Pre-ICO’ this year, with a view to launching the full ICO in 2023. Social-Service also plans to launch a Beta version of their app in the coming months, with the full release coming next year.
The native token of the Social-Service ecosystem is $SSE, which can be purchased through the platform’s website. Over 108,000 tokens have been sold ahead of the ICO, with just a few weeks left until this pre-ICO phase ends. Although details are still emerging regarding this project, this upcoming ICO is worth keeping an eye on throughout the remainder of the year.
19. SeaCoast – New ICO Coin with Exciting Rewards Potential
SeaCoast is an upcoming crypto platform that looks to promote the creation, exchange, and consumption of products and services related to the coast and the sea. This platform aims to ‘tokenize the coast’ by rewarding users with in-depth knowledge of specific areas. These include knowledge of coastlines and publishing geo-referenced content to the broader community.
SeaCoast’s unique use cases mean it could potentially be the next crypto to explode, as users will earn $COAST tokens through participation in the network. Users who provide tips on some sea-based regions will receive $COAST tokens, which can then be ‘anchored’ in the SeaCoast fund for additional benefits.
Users can also earn an exclusive NFT by attending events organized by the SeaCoast community, helping incentivize participation. The second phase of SeaCoast’s ICO is set to go live soon, with investors able to participate from as little as €100 ($102). With the entire SeaCoast ecosystem not scheduled to be complete until 2025, this is an excellent chance for investors to gain exposure to the project at the earliest stage possible.
20. SubQuery – Useful Blockchain Toolkit for dApp Developers
Rounding off our list of the best upcoming ICO projects is SubQuery. SubQuery is a blockchain developer toolkit that is usable within Web 3.0 infrastructure. This toolkit will act as an API between blockchain-based data and each developer’s dApps, removing the need for programmers to use valuable time designing complex backend systems.
SubQuery will essentially act as a ‘decentralized data service’ for dApps and is already deployed on several networks, including Polkadot, Substrate, and Avalanche. Building dApps with the SubQuery toolkit is extremely easy, with a built-in ‘Hero Course’ showing each developer precisely what to do.
Investors can register for the SubQuery ICO, which will involve the sale of $SQT. Tokens can be purchased using USDC and priced at $0.0275 per token. With roughly 9% of the total supply available through this upcoming ICO, this could be an excellent opportunity for investors to obtain coins before the project expands in the coming years.
What is an Initial Coin Offering?
Now that we’ve discussed some of the best upcoming ICOs in 2023, let’s focus on what these ICOs are and how they can benefit investors. As investors who buy cryptocurrency regularly will know, ICOs (Initial Coin Offerings) are very similar to an IPO (Initial Public Offering) in the sense that they allow crypto-based projects to raise capital by issuing tokens and usually result in volatile cryptocurrencies.
The tokens offered through ICO projects will usually have some sort of use case related to the project’s goal. For example, the upcoming ICO from Battle Infinity features $IBAT tokens which are crucial for transacting within the project’s metaverse. However, some ICOs may just offer coins that act as a ‘stake’ in the project – meaning they can be sold in the future for capital gains.
Since ICOs are still a relatively new phenomenon compared to traditional asset classes, many aspects remain unregulated. As such, investors considering investing in an ICO must ensure they are 100% confident in the project’s legitimacy – as many ICOs have turned out to be scams in the past.
On the other hand, many of the best new cryptocurrency projects began as ICOs and are now thriving. A great example of this is EOS, which raised over $4 billion in funding during its ICO back in 2017.
How do ICOs Work?
So, how do these ICOs work? Since anyone with the requisite technology and know-how can launch an ICO, they tend to come with various structures. The three main structures are as follows:
- Pre-set token price + Capped supply
- Variable token price + Capped supply
- Pre-set token price + Variable supply
No structure is deemed ‘superior’ to another, although capped supplies tend to be the norm within this area of the market. ICO projects must also attract investors, meaning marketing is crucial to the project’s success. Much of this marketing is completed through social media or by partnering with one of the best ICO marketing agencies.
New ICO crypto projects also tend to feature a whitepaper detailing the project and what it hopes to achieve in the future. The process of actually investing in an ICO is usually relatively easy, requiring investors to register through the project’s website and then purchase tokens using an exchange cryptocurrency (e.g. BNB, ETH). Once tokens are purchased, investors can store them in a crypto wallet until the coin is listed on an exchange, at which point they can be sold.
How to Find New Upcoming ICOs
Finding upcoming ICOs to watch is easier than ever, thanks to the remarkable growth of the cryptocurrency market over the last few years. Here are just some of the approaches that investors use to uncover ICO projects:
- Use social media: Social media sites like Reddit and Twitter have become valuable resources for crypto investors, offering real-time information on new projects. In addition, many of the best crypto YouTube channels also discuss upcoming ICOs in an informative and unbiased way.
- Keep track with an ICO calendar: Much like an NFT calendar, ICO calendars present an overview of upcoming ICO projects, along with the date that they are set to launch and close. The calendar offered by CoinMarketCap is an excellent tool as it clearly shows when each ICO will begin and the funding goal for each project.
- ICO platforms: Finally, certain websites focus exclusively on ICOs (and IDOs) to provide information on what they are and what investors can expect. In addition, many of these platforms will conduct KYCs or audits on upcoming projects and give them a rating based on the project’s potential.
Are New ICO Coins a Good Investment?
Investing in the best crypto presales and ICOs is an approach taken by many investors – especially those with a high risk tolerance level. However, are ICO coins considered a good investment opportunity? To help answer this question, here are a few factors to bear in mind:
Access to New and Exciting Use Cases
One main reason investors participate in ICOs is to gain access to tokens that provide compelling use cases. Due to the ultra-competitive nature of the crypto market, ICO projects must differentiate themselves by offering utility that no other project has – or improving on the services provided by established projects.
Thus, by investing in ICOs, investors can acquire tokens that may prove disruptive within the crypto market. A prime example of this is the upcoming project from Battle Infinity, which combines six different concepts into one metaverse-based ecosystem.
Potential for Huge Returns
Naturally, investing in ICOs has the potential to provide huge returns if the project goes on to list on CEXs or DEXs. ICO coins tend to be offered at a low price point, both to entice investors to purchase them and make them accessible to many demographics.
The returns can be enormous if an investor purchases these tokens and the project takes off. A famous example is the ICO conducted by EOS in 2017, which saw quadruple-digit returns generated for early investors in just under one year.
Unique Ways to Generate Passive Income
One of the prevailing trends within the crypto market right now is passive income. Much like the best dividend stocks, many projects will provide regular income streams to investors simply for holding the token.
There are many ways that ICO cryptos could do this, such as through ‘static rewards’ funded by taxation. Income can also be generated through skilled gameplay, which is the case with many P2E games. Finally, many ICO coins also use ‘traditional’ income generation methods, including crypto staking and yield farming.
New Upcoming ICO Cryptos – Conclusion
In summary, this guide has presented an in-depth overview of ten new ICO coins that will likely shake up the market in the weeks and months ahead. Although investing in ICOs is inherently risky, these projects seem to stand out from the crowd – making them worth keeping an eye on throughout the rest of 2023.
The upcoming ICO project that looks to have the most potential is Bitcoin ETF Token. This new cryptocurrency will burn 25% of its token supply over time. Furthermore, $BTCETF token holders can earn high staking yields. In only a week, the ICO has raised more than $540K.