9 Best Upcoming IDOs In April 2024 – Full IDO List
Share
The best IDOs in 2024 provide investors with the opportunity to buy new crypto tokens at a low price. The top projects should have strong fundamentals, a large community of investors, and a solid roadmap that encourages growth. By finding the best IDOs, it is possible to see returns on your investment. However, not all upcoming IDOs will be a success.
In this guide, we take a look at the top upcoming IDOs that have potential in 2024. In addition, this article provides a brief overview of each project, explains why IDOs are worth investing in, and explains how their tokens are used.
- Earn passive rewards through gamified staking
- The sustainable version of Bitcoin built on Ethereum
- Invest at a discounted price during the presale event to maximize returns
ETH- USDT
- Buy and hold to take part in the biggest Solana airdrop event
- The next meme coin to explode
- SMOG is set to be the biggest Solana token in 2024
- USDT
Solana
- The latest AI based crypto project that will transform the security of the blockchain space
- Early presale investors will receive guaranteed returns
- Stake SCOTTY to receive passive rewards
- ETH
- USDT
Debit
- $SPONGEV2 tokens can only be obtained by staking $SPONGE
- Stake your Sponge V1 tokens to recieve a V2 token bonus
- Earn more crypto with the SPONGE P2E game
- ETH
- USDT
- Debit
- Invest in the newest sustainable cryptocurrency
- $TUK tokens can be staked for passive rewards
- The eTukTuk project helps to develop sustainable initiatives for a greener future
- BNB
- USDT
- Debit
- Revolutionizes Bitcoin mining with an innovative stake-to-mine model
- Allows all crypto investors to earn passive BTC rewards
- A transparent and fair Bitcoin mining system that is accessible to anyone
- ETH
- BNB
- USDT
- +2 more
Best Initial DEX Offerings for April 2024
Our team of experts spent time reviewing several IDO projects to find upcoming IDOs that have potential. Here is an overview of the six projects that we liked.
- Green Bitcoin: The promising option, offering a sustainable twist to traditional Bitcoin investing. Operating on the Ethereum blockchain, GBTC presents itself as a greener alternative, leveraging a gamified staking model to incentivize investors.
- Scotty The AI (SCOTTY): A highly-anticipated meme token that will revolutionize blockchain security. Scotty The AI is the ‘guardian of the crypto universe’ that will use artificial intelligence to spot signs of fraud and offer innovative security solutions.
- Smog (SMOG): The latest sensation in the world of meme coins, emerges with a total supply of 1.4 billion tokens, driven by principles of fairness and accessibility. With its groundbreaking airdrop campaign, Smog invites users to engage actively, offering a chance to earn rewards and contribute to the vibrant Smog community.
- Sponge V2 (SPONGE): The next meme coin that will be listed on exchanges. Stake SPONGE to earn SpongeV2 tokens before they are listed on exchanges in 2024. SPONGE rewarded early investors after the initial presale and the team now plans to expand the project with the V2 token that could offer the same lucrative returns.
- eTukTuk ($TUK): Groundbreaking automotive project, pioneering the integration of blockchain technology to secure payments and streamline transactions. A key focus of eTukTuk is the establishment of electric vehicle supply equipment (EVSE) in various urban and suburban regions within developing economies.
- Bitcoin Minetrix (BTCMTX): Bitcoin Minetrix introduces a groundbreaking stake-to-mine concept, enabling anyone to participate in Bitcoin mining by staking BTCMTX tokens. This innovation provides an accessible and secure means for earning passive Bitcoin income, without the need for costly hardware. It decentralizes the mining process, offering transparency and ease for investors.
- Zororium Token ($ZRT): The native token of the popular Zororium NFT community that provides access to the ecosystem. Zororium is a versatile ecosystem with a community-centric approach. Token holders can take part in airdrops and staking to earn rewards and use the native exchange to swap tokens for low fees.
- LEND ($LEND): A revolutionary cross-chain lending platform that allows investors to earn more from their crypto holdings. The project shares 50% of all protocol revenue with its users through staking and lending. The presale has been ongoing since the 17th of May and is set to end soon to launch IDO.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
What is an IDO in Crypto?
Initial DEX Offerings, or IDOs, are fundraising events in the cryptocurrency space. IDOs allow projects to raise funds by issuing and selling their tokens, similar to Initial Coin Offerings (ICOs). However, unlike ICOs, IDOs take place on decentralized exchanges (DEXs) rather than centralized platforms. As investors can purchase tokens directly from their wallets, this provides greater transparency, security, and community participation. Before the actual offering, interested investors are vetted and approved through an IDO’s whitelisting process. Fraud or money laundering can be prevented by doing this.
Furthermore, these whitelisting processes ensure that token holders are an engaged and invested community, which can help the project to grow. A decentralized and community-driven approach to fundraising is becoming increasingly popular as a means of raising funds and gaining exposure for projects. Furthermore, upcoming IDOs are a useful tool for testing the waters of a market before a project becomes more established, as they can gauge interest and demand.
How do IDO Cryptos Work?
IDO (Initial Dex Offering) is a new crowdfunding model in the web3 space that has become quite popular in 2020 amid the growing interest of DeFi. Many beginners might confuse IDO with IEO. The main difference between these 2 is that, unlike IEO, an IDO project does not place its project tokens on a regular centralized exchange, but on a decentralized exchange.
IDO can be launched on decentralized exchanges such as Binance DEX, Polkastarter and Uniswap. Moreover, such a collective sale can be launched both completely independently and using various automation tools, for example, the Binance DEX AI system.
Each project has its own conditions of participation, and once these are met, each participant fills out a form. As a rule, after checking all requests, a list of addresses that will be able to participate in the IDO is randomly generated in the Whitelist. Let’s see now what are the stages of an IDO.
Stages of an IDO – What happens at each stage
- Stage 1: Preparation. This stage involves analyzing and describing the start-up in a user-friendly format. This usually involves launching a website and writing a White Paper. More rarely, startups provide prototypes, MVPs, alpha or demo versions of the product.
- Stage 2: decentralized synthesis. Next, the project is sent to the DEX platform for startups, where it must be verified and analyzed by the users of the exchange, a special group of people or an external auditor. If the project is approved, it goes to the launchpad exchanges – platforms where startups can raise capital.
- Stage 3: Presale. The token presale offers the opportunity for those interested to become early investors. The great advantage of this lies in the possibility to buy tokens at a reduced price compared to the one with which they will be launched on the DEX.
- Stage 4: Public sale, conducted on decentralized crypto exchanges. The issuer does the sale in batches, increasing the price of the tokens at each successive stage. This approach attracts more attention from investors because early buyers can get tokens at discounted prices.
- Step 5: List your tokens on DEX. After the successful completion of the IDO and the conduct of the TGE, the token is traded on cryptocurrency exchanges based on an automated market maker.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
What is The Purpose of an IDO?
Initial DEX Offerings raise funds for new cryptocurrencies or blockchain projects by issuing and selling tokens on decentralized exchanges. IDOs are held to raise funds so that project’s can eventually meet the criteria to be listed on centralized exchanges. Furthermore, IDOs provide a way for projects to build an engaged and invested community of supporters, which can help them develop, adopt, and grow.
Investors of all types can participate in an IDO, including institutional and retail investors.
Many new crypto projects do not meet the requirements to be listed on a centralized exchange. Meanwhile, decentralized exchanges are not controlled by a central authority. This means that any tokens can be listed as long as the project can provide liquidity. Small projects can leverage this opportunity to raise the funds and interest that they need to be listed on a CEX.
Pros and Cons of Investing in an Upcoming IDO
Upcoming IDOs, or Initial DEX Offerings, have both pros and cons. Let’s check them in detail.
Pros:
- Investors can get in on the ground floor of promising projects with the help of IDOs.
- Investors can benefit from greater transparency and security when investing in upcoming IDOs on decentralized exchanges.
- The whitelisting process employed by upcoming IDOs can help the project grow and develop by ensuring that token holders are a community of interested and invested parties.
- Projects can utilize IDOs to gauge the interest and demand for particular projects before they become more established in the market.
- A high return on investment is possible with upcoming IDOs.
Cons:
- Typically, upcoming IDOs are conducted by early-stage projects, which are riskier than established ones.
- Some IDOs lack a strong track record or reputation, making it difficult to assess their success potential.
- Often, IDOs have many participants, making it difficult for a single individual to have a significant impact.
- In most cases, upcoming IDOs are not regulated so they can be fraud targets.
- A project’s underlying value may not reflect the value of the tokens, which can be highly speculative.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
A Closer Look at the Best Initial DEX Offerings IDOs to Watch in 2024
In the following section, we will take a closer look at the top six IDOs to watch. After reading through our take on each project, it is important to do your own research and evaluation based on your individual trading goals.
IDO cryptos can be volatile and there is no guarantee that you will make a return on your investment.
1. Green Bitcoin – The promising option, offering a sustainable twist to traditional Bitcoin investing
In February 2024, as anticipation builds around Bitcoin’s upcoming halving event, investors are eyeing Bitcoin derivatives as potential avenues for diversification. Among these derivatives, Green Bitcoin (GBTC) has emerged as a promising option, offering a sustainable twist to traditional Bitcoin investing. Operating on the Ethereum blockchain, GBTC presents itself as a greener alternative, leveraging a gamified staking model to incentivize investors.
Currently in its presale phase, Green Bitcoin offers early investors an opportunity to buy tokens at a discounted price. This discounted entry point, coupled with the potential for future gains, makes the presale an attractive option for those looking to capitalize on the growing interest in Bitcoin derivatives. Investors can participate in the presale by connecting their Ethereum wallets to the official Green Bitcoin website and swapping ETH for GBTC tokens.
A key feature of Green Bitcoin is its innovative staking model, which allows investors to earn passive returns by locking up their tokens. Through weekly challenges and live games, participants can increase their staking rewards, fostering engagement and community involvement. This gamified approach not only adds excitement to the project but also encourages long-term holding among investors.
However, as with any investment opportunity, there are risks to consider. Market volatility, competition from other Bitcoin derivatives, and the unpredictability of investor sentiment all pose potential challenges. Therefore, investors should conduct thorough research, practice risk management, and stay informed about market developments before participating in Green Bitcoin’s presale or any other investment opportunity in the cryptocurrency space.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
2. Scotty The AI – Top crypto IDO that will provide innovative security solutions
One of the best IDOs to watch in 2024 is Scotty The AI – an innovative blockchain security solution that uses artificial intelligence to read code and spot patterns. Scotty with use AI to detect fraud and offer solutions, paving the way for improved blockchain security and transparency.
The team behind the project aims to make Scotty a symbol of security in the crypto space and will use the power of meme coins and community support to achieve this.
SCOTTY is an ERC20 governance token that will support the entire ecosystem. The coin will be used to access exclusive parts of the platform, vote on project outcomes, and take part in the lucrative staking pool. Early investors can stake their tokens before the presale ends and start earning passive returns.
After the presale, Scotty The AI will be listed on exchanges and the project will continue rolling out. The team has developed a strong roadmap that will harness the power of marketing and community to attract investors and move the project forward.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
3. Smog (SMOG) – The latest crypto IDO that ould explode in 2024
Smog Token is the latest Solana meme coin making waves in the cryptocurrency world. Following in the footsteps of successful predecessors like Bonk and Myro, Smog aims to redefine the meme coin landscape with its innovative approach and ambitious airdrop campaign.
The Smog token, known by the symbol $SMOG, boasts a total supply of 1.4 billion tokens and is built on the principles of fairness, accessibility, and liquidity. Its airdrop campaign, facilitated through zealy.io, encourages active participation from users through various activities such as interacting with the Smog community and engaging in quests to earn airdrop points.
Furthermore, Smog holders have the opportunity to qualify for a community bounty, doubling the incentive for investors. With a focus on building a strong and engaged community, Smog sets forth an extensive roadmap that includes features like staking and discussions of a burn mechanism, indicating its commitment to long-term success and growth.
Fueling its vision for success, Smog allocates a significant portion of its token supply to marketing efforts, demonstrating its commitment to widespread adoption and visibility. Additionally, a substantial percentage is earmarked for future airdrop rewards, ensuring ongoing excitement and value for its community members.
One the 9th of February 2024, the team behind Smog Coin announced that SMOG will be launching on ETH and will also be available for OTC trading. This will allow investors to stake SMOG tokens for passive rewards.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
4. Sponge V2 (SPONGE) – Invest in the biggest meme coin before the upcoming IDO that could cause a pump
SpongeV2 is the latest addition to the SPONGE token ecosystem – a meme coin project that is driven by social media hype, community support and investor sentiment. The token was created by developers to bring utility to the ecosystem, encourage long-term holding and to secure a tier 1 exchange listing.
The original Sponge token saw tremendous growth after the completion of its presale, which rewarded early investors generously. The project team hope to recreate this growth and reward early investors in a similar way.
Unlike the V1 token, SpongeV2 will have utility. Investors will be able to use their tokens to access the Sponge P2E game. Tokens can also eb sued to earn crypto rewards through staking.
The total supply of SPONGE tokens is 150,000,000,000. 43.09% of these coins will be held for staking rewards, 10% will be sued for CEX liquidity, 8% will be used for P2E game rewards, 4.47% will be allocated to game development and the remaining tokens can be bought.
The tokenomic design of Sponge token is focused on growth and development. The team has a big marketing budget which will be used to attract investors, increase hype and get SPONGE listed on tier 1 exchanges.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
5. eTukTuk – Groundbreaking automotive project, pioneering the integration of blockchain technology to secure payments and streamline transactions
IDO start date: Q1 2023
Why we liked it:
- This initiative addresses environmental concerns and contributes to the reduction of carbon emissions, aligning with global efforts towards sustainable and eco-friendly transportation solutions.
- eTukTuk aims to empower drivers by providing affordable transactions at charging stations and enabling them to save costs, potentially up to 400%, contributing to financial inclusion and improved earnings.
- With staking options and rewards for both users and locally sourced territory partners, eTukTuk creates a unique and mutually beneficial ecosystem within the blockchain space, offering potential returns for participants.
eTukTuk stands as a groundbreaking automotive project, pioneering the integration of blockchain technology to secure payments and streamline transactions. A key focus of eTukTuk is the establishment of electric vehicle supply equipment (EVSE) in various urban and suburban regions within developing economies.
In response to the surging growth of the electric vehicle (EV) market, particularly in nations like India, eTukTuk addresses the challenge of insufficient affordable charging stations and EVs.
The project’s strategic approach involves setting up proprietary zero-emission vehicles (ZEVs) in developing nations like Sri Lanka, where the transition from internal combustion engines is critical. Rising fossil fuel consumption and a surge in energy prices have left traditional TukTuk drivers struggling to meet minimum wage requirements.
Built on the Binance Smart Chain (BSC), eTukTuk introduces the $TUK token, ensuring scalability for making payments at charging stations, with TukTuk drivers conveniently utilizing an upcoming drivers app.
Token holders can stake $TUK tokens at individual EVSE locations, forming nodes to support the ecosystem, and earn rewards. As the network expands, staked token holders stand to enjoy increased profits with the growing number of stations and transactions. The platform estimates that TukTuk drivers transitioning to eTukTuk’s system could save up to 400% in costs, making $TUK a promising cryptocurrency for potential substantial returns due to its utility and innovative approach.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
6. Bitcoin Minetrix (BTCMTX) – Stake-to-mine Bitcoin project that offers passive returns to investors
IDO start date: TBC. Bitcoin Minetrix is currently going through a presale event that has already managed to raise over 80% of the target. The IDO will begin when the presale ends.
Why we liked it:
- The Bitcoin Minetrix presale is moving quickly which suggests healthy investor interest.
- Bitcoin Minetrix is the first project to offer cloud mining credits as staking rewards. This revolutionary system sets the token apart from other Bitcoin derivatives on the market.
- Early investors can start staking their tokens immediately.
Bitcoin Minetrix is the first stake-to-mine crypto token that makes it possible for anyone to earn passive income through Bitcoin mining. By staking BTCMTX tokens, investors earn cloud mining credits which can be used to access Bitcoin cloud mining.
Cloud mining is a popular way to mine Bitcoin without needing to invest in bulky, expensive hardware. However, the process is prone to scams which prevents many people from accessing the lucrative rewards that can be gained from Bitcoin mining. Bitcoin Minetrix aims to solve this issue by decentralizing the entire process. Bitcoin Minetrix is built on blockchain technology to ensure transparency and security. Investors can mine Bitcoin safely from the comfort of their homes.
To take part in crypto staking and earn mining credit, you must hold BTCMTX tokens. These tokens can be purchased for a low price during the ongoing presale event. After this, the value of BTCMTX is expected to rise, making it more expensive to take part in mining.
Click on the button below to invest in BTCMTX and start staking your tokens for rewards today.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
7. Zororium ($ZRT) – A new DeFi ecosystem that connects likeminded individuals through games and community events
IDO start date: 29th September 2023
Why we liked it:
- The ZRT token IDO has raised over $2 million since its launch.
- Investors can access staking and crypto airdrops to earn passive income.
- The Zororium token has an established fanclub of investors who will make sure that the token holds it’s value.
The Zororium token is the native cryptocurrency of the Zororium NFT ecosystem. The project recently launched it’s initial DEX offering which will run until the 8th of November 2023. During the offering, it is possible to buy ZRT tokens from Coinsbit.io by connecting your crypto wallet to the exchange. Although Coinsbit is not a tier 1 exchange, the project has managed to raise an impressive $2,250,000 since its launch in October.
Token holders will be able to use their coins to access the Zororium ecosystem. This includes staking, crypto airdrops, a native exchange, NFTs and the Zororium community. The aim of the platform is to build a huge community of supporters who will push up the value of the token and bring liquidity to the platform. The developers hope to to build a crypto community that is robust and transparent.
The Zororium ecosystem is part of the OnePiece Fanclub community – a large group dedicated to Anime fandom that is based primarily in Japan. The Fanclub has over 3 million fans who are active across social media. The advantage of this is that the Zororium token already has an established group of investors who will ensure that the token holds its value. Investing in community-driven tokens is a good way to diversify your portfolio in 2024.
8. LEND ($LEND) – Earn more rewards from your crypto investment through cross-chain lending
IDO start date: September 2023
Why we liked it:
- LEND focusses on helping investors to earn more from their tokens and offers competitive staking rewards to long-term holders.
- Users can earn $LEND by lending other cryptos to the platform.
- The LEND platform supports cross-chain liquidity without the interference of 3rd party platforms.
LEND is a new crypto lending platform that aims to improve the way that crypto investors can earn rewards from their holdings. The protocol supports cross-chain lending and helps investors to find the most profitable lending opportunities. The platform supports instant lending without the need for any third-party bridges which means that users can start lending in one click.
$LEND tokens cannot be purchased directly from exchanges during the initial offering. Instead, users who lend tokens to the platform will receive $LEND as rewards. $LEND can then be used for staking, locking and voting. The amount of $LEND rewarded to users represents are share of real revenue that is generated by the protocol. The project has promised to give 50% of total revenue to users.
Although LEND is not a traditional IDO, the project is still in early stages which means that users can earn accumulate $LEND tokens before their price goes up.
How we rated the best new crypto projects in 2024
To provide our readers with the top IDO projects, our team conducted a thorough research process that involved looking at tokenomics, utility, project community and the fundamentals of each IDO crypto project. We made sure that each of the IDOs mentioned have the potential for big returns in 2024 and beyond. Here is an overview of some things that we looked for in each of the IDOs that we researched:
- Passive income opportunities: The crypto market is volatile which means that you cannot always guarantee that the price of a token will go up, even after the presale event. As a result, it is good to look for IDOs that offer alternative earning opportunities such as staking, play-to-earn, interest, presale participation bonuses and airdrops. Each of the projects that we have covered in the articles offer additional ways to earn money from your investment.
- Tokenomics: Tokenomics refer to the supply and demand, distribution and other attributes of a crypto token. To launch a successful IDO and retain value over time, a cryptocurrency must have a strong tokenomic design. This could include having a deflationary supply, supporting staking, locking up a portion of tokens for a period of time and distributing tokens to marketing and project expansion efforts.
- Community: Before new crypto tokens build a good reputation in the crypto space, they rely on their community to attract new investors and increase awareness of the project. In fact, many tokens, especially memecoins, rely on their community as the primary driving force behind the entire presale. For example, Wall Street Memes had a very strong online community of over 500k investors who collectively increased the value of the token by creating a sense of fomo.
- Utility: If you’re looking to profit from an upcoming IDO, it is important to choose a project that has utility. This will ensure that investors hold on to their tokens after the presale, instead of selling as soon as the presale ends. Token utility refers to the real-life use cases of a crypto. For example, BTCMTX tokens can be used to earn cloud mining credits.
- Undervalued price: The main advantage of buying cryptos during an IDO is that you can purchase promising coins for an undervalued price. Undervalued is a term that is sued to describe tokens that have more potential than their current price reflects. Purchasing undervalued coins is a good way to increase your chances of returns.
Where to Find Upcoming IDOs?
Initial DEX offerings are typically announced by crypto projects to investors before they hit mainstream crypto news channels or IDO platforms. Therefore, the best place to find upcoming IDOs is through social media channels and pages that are used by crypto projects to make announcements to their respective communities.
Other good social media channels to follow include Twitter pages that release crypto presale lists. These pages often have exclusive insight into IDOs and regularly provide information to followers. Some examples of good pages to follow include CoinGecko, CoinmarketCap and Whale Alert.
Another great way to find Upcoming IDOs in 2024 is to use a coin aggregator or crypto launchpad such as CoinCodex. IDO launchpads scan the web for upcoming crypto IDOs and regularly update their information to reflect the latest IDO cryptos. Make sure to use an IDO launchpad that is reputable in the crypto industry.
What to Look for in IDO Crypto Projects
While it can be challenging to find the best crypto IDO, we’ve reviewed some of the best crypto upcoming IDOs for 2024 and identified a few things to watch for. Keep the following criteria in mind when using an IDO platform to find promising blockchain projects.
- Utility – A crypto project’s core value is utility. A project has no value if it does not provide utility. For a project to rank among the best IDO cryptocurrencies, it must provide real value or solve a problem. If not, the project won’t amount to much. Even so, some of the best meme coins were parodies of cryptocurrency.
- Partners/Investors –When investing in crypto startups or a private funding round, it is a good idea to see if any prominent individuals or companies have taken part. The venture capital arm of most large crypto companies will generally do due diligence on any investment, so notable investors can be a sign that the project is on a smooth path.
- Locked liquidity: A liquidity locks prevents the team from taking funds out of a new crypto project. This reduces the likelihood of a pump and dump or rug pull scam. Look for projects that have a liquidity lock of at least 1 year.
- Token distribution: It is a good sign if owners hold less than 5% of the token distribution. If an owner holds a large percentage of tokens, they could easily cash out when the price spikes, causing the value of the token to fall suddenly.
- Blockchain network: Reliable crypto projects are usually built on the Ethereum or Polygon blockchain networks. A lot of scammers use the Binance Smart Chain because it is much easier to build on. With that being said, not all projects built on BSC are scams.
Are Upcoming IDOs Profitable?
Each IDO is different, so it cannot be categorized as either a good or a bad investment. A few reasons, however, suggest that upcoming IDOs can be excellent investments:
✔️ Low Cost
The best way to make money in cryptocurrency is to get involved in a project in its early stages. An IDO offers exposure to a project at its lowest cost, which means it is almost as early as it gets. To reward and incentivize early adopters, IDOs are often held at a lower cost than the token is expected to trade for. However, it is important to understand that once a token is available, its IDO value might drop below its current value.
✔️ First Mover Advantage
It is often easiest to achieve an advantage by being first. You can get the best price for your asset by investing before the masses. IDOs offer investors the opportunity to purchase assets before almost everyone else, making them extremely lucrative. Demand, however, determines this advantage. Things can quickly go south if a token has no demand following its launch.
✔️ Accessibility
It is much easier for the average person to participate in IDOs than ICOs because ICOs are usually reserved for high-volume or prolific investors. Anyone who knows how a DEX works and some crypto can participate in an IDO, unlike retail investors who have little chance of being invited to participate in ICOs.
Furthermore, IDOs have fewer restrictions on their cryptos than ICOs because they benefit from deeper liquidity, making initial DEX offers more flexible for investors.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
Crypto IDO vs ICO: What is The Difference?
There may seem to be a similarity between IDOs and ICOs, but this is not the case. So instead, here are some ways to differentiate between them.
An ICO is an initial coin offering. An ICO is also a method of raising funds for a company that wishes to build an app or coin.
As opposed to IDO, the fundraising is handled by the company that has launched the ICO.
In the case of ICOs, the tokens are offered for a lower price, and they are usually private and seek investors with a larger capital pool. Additionally, ICOs don’t offer cryptocurrency tokens immediately to investors, so they must wait for them to be listed on an exchange.
The following are a few notable advantages of IDOs over ICOs:
- Lockup period— In contrast to ICOs, IDOs do not have lockup periods, and instant trading is possible, while ICOs may require months of vesting time
- Liquidity— IDOs have sufficient liquidity to allow them to be traded immediately after they are listed
- Listings— As IDOs get listed on the decentralized exchange, they save many raised funds since they don’t have to spend on exchange listing costs like ICOs.
Our Verdict on the Best Upcoming IDOs in 2024
The upcoming IDOs listed above are regarded as some of the most promising in the market, with great potential for financial success. Prior to investing, however, it is necessary to do extensive research on a project since cryptocurrency prices are highly volatile. A few of our top recommendations are Green Bitcoin, Smog Coin, and Bitcoin Minetrix. In addition, a project’s long-term potential must be considered before investing in it since the crypto market is highly dynamic, and what is popular today may be unpopular tomorrow.
The price or value of cryptocurrencies can rapidly increase or decrease at any time. You must be satisfied that this crypto offering is suitable for you in light of your financial circumstances and attitude towards risk.
FAQs
Which crypto can give 1000x in 2024?
Can you make money with IDOs?
Are IDOs legit?
What is the main difference between an IDO and an ICO?
What is the next upcoming IDO?
How to participate in IDO?
Where do I find promising IDOs?
References
Jhonattan Jimenez
Finance and Crypto Writer
