4 Upcoming IDOs In 2023 – Full List

This guide highlights the top ten upcoming IDOs worth paying attention to. 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.

The Initial DEX Offering, or IDO, is a fundraising mechanism in the cryptocurrency industry in which a project raises funds through the listing of its token on a decentralized exchange (DEX) rather than through an initial coin offering (ICO). By allowing anyone to participate in the sales and by allowing tokens to be traded immediately on the DEX, IDOs enable a more decentralized fundraising process.

Official Upcoming IDOs List 2023

We have selected the year’s top upcoming IDOs (Initial DEX Offering) cryptocurrency projects. Each project is briefly summarized here, but the next section provides a more detailed review.

1. Bitcoin Minetrix (BTCMTX) – The first stake-to-mine crypto project
2. Meme Kombat ($MK) – Earn passive income by betting on meme battles
3. TG.Casino – The crypto presale that raised over $100,000 in just minutes
4. Wall Street Memes ($WSM)– The best upcoming IDO supported by Elon Musk

Your capital is at risk.

A Closer Look at The Best Upcoming IDOs To Watch in 2023

Interested in buying cryptos in 2023? Or are you looking for the best pre-sales? In our review of some of the hottest new crypto IDOs, we found the following projects to be the most promising. We have examined the aims of all upcoming IDOs before adding them to our list and how likely they are to succeed.

1. Bitcoin Minetrix (BTCMTX) – The first stake-to-mine crypto project

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 dectralizing the entire process. Bitcoin Minetrix is built on blockcain technology to ensure transparency and security. Investors can mine Bitcoin safely from the comfort of their homes.

To take part in 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.

Your money is at risk.

2. Meme Kombat – Earn passive income by betting on meme battles

Meme Kombat is a new play-to-earn crypto project through which investors can earn income by betting on the outcomes of virtual battles. Meme Kombat takes all of your favourite meme characters and pits them against each other in exciting battles that play-out on blockchain technology.

To take part in betting, users must hold $MK tokens, which are available to purchase during the ongoing presale. When the presale has sold out, Meme Kombat will launch it’s highly anticipated IDO.

The project instantly sparked the interest of meme coin investors upon it’s launch, which was only days ago. Therefore, many people predict that Meme Kombat is the next crypto to explode in 2023.

The project is designed by the developers as a platform where you can not only invest, but also test your fighting skills in PvP battles or bet on your favorite meme-coin with the possibility of increasing your investments or winning prizes. Given that Meme Kombat approaches the policy of continuous updates and the price of one $MK is only $1,667, investors have the potential to secure tokens at a very undervalued price by taking part in the presale.

With an impressive $40 million raised in the first 24 hours from the start of the presale, Meme Kombat tokens offer the possibility of a strong long-term investment. Investing now is the best way to ensure returns after the presale has ended.

Your money is at risk.

3. TG.Casino – The crypto presale that raised over $100,000 in just minutes

Crypto casinos have become particularly popular in US – a safer and more convenient alternative to traditional online casinos with fiat money. TG Casino is the latest crypto casino offering that is built on Telegram, making it the first of its kind.

TG.Casino has attracted the attention of US gambling enthusiasts due to the obvious advantages it offers compared to other gambling platforms:

• Faster withdrawals
• Advanced variety of payment methods
• Generous bonuses and promotions
• A variety of games.

Let’s now also take a look at TG.Casino’s native token – $TGC. This is an ERC-20 token, with a deflationary supply (token issuance was limited to 100 million $TGC). Cryptocurrency can of course be used to play at the casino, but it also offers other ways to earn money from $TGC tokens.

TG Casino tokens can be staked for passive rewards. This involves locking up tokens that aren’t used for gambling and receiving daily interest payments. Staked tokens will contribute to liquidity.

Based on the current price of $TGC ($0.125), it is opportune to become an early investor in this project and start capitalizing on the opportunities offered by this exclusive telegram crypto casino.

Your money is at risk.

4. Wall Street Memes ($WSM) – The best upcoming IDO supported by Elon Musk

Wall Street Memes is a brand new meme project that has already attracted the attention on Elon Musk, making it one of the best upcoming IDOs. The meme token recently launched its fast-selling presale event which guarantees returns for early investors. The $WSM token is the native token of the ecosystem, which is an extension of the web2 Wall Street Memes social media platforms. The brand has been around for several years and has generated a following of 400k supporters.

Wall Street Memes encourages followers to share jokes about the volatile financial markets. By doing so, investors can connect with others and take the stress away from trying to navigate the markets. The platform is very popular with wall street investors as well as cryptocurrency enthusiasts.

$WSM is an ERC20 token with no utility other than to gain value overtime. The token is a true meme coin that will harness the power of community and FOMO to generate value and provide excellent returns to early investors. The token presale has already raised impressive funds and it is still in early stages. There are a total of 2 billion tokens available- 50% of these can be purchased through the presale and the remaining 50% will be held for exchange listings, airdrops and developments. In total, 100% of tokens will be given to the Wall Street Memes community.

Given its existing social media following, recent news headlines and support from Musk, $WSM is predicted to do very well once it is listed on exchanges. Therefore, the best time to invest is now whilst prices are low.

Your capital is at risk.

What Is An IDO?

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 Does IDO Work?

IDO (Initial Dex Offering) is a new crowdfunding model in the cryptocurrency market 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 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

• Step 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.
• Step 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.

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What Is The Purpose Of An IDO?

Initial DEX Offerings raise funds for cryptocurrencies or blockchain projects by issuing and selling tokens. Early-stage projects use upcoming IDOs to raise capital to develop their technology and launch their product or service. Investors of all types can participate in an IDO, including institutional and retail investors. Also, IDOs provide a way for projects to build an engaged and invested community of supporters, which can help them develop, adopt, and grow.

Additionally, IDOs can help projects gauge the market’s interest and demand before establishing themselves and becoming more established. They can serve as a way to test the market’s waters. IDOs are primarily used to raise funds, develop investor communities, and gauge project market interest.

What Are The Best Upcoming IDOs To Invest In Right Now?

The best upcoming IDOs to invest in right now are Bitcoin Minetrix, Meme Kombat, Bitcoin BSC and TG Casino. Each of these projects has attracted strong investor interest during presale stages and tokens are predicted to explode upon DEX listings. 

Investing in the top 5 upcoming IDOs is a great way to diversify your crypto portfolio. Each of the projects is unique and represents a different area of the crypto space. For example, Bitcoin Minetrix is a stake-to-mine token whereas Meme Kombat appeals to meme coin enthusiasts.

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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.

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Where To Find Upcoming IDOs?

Initial DEX offerings are typically announced by crypto projects to investors before they hit mainstream crypto news channels. 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 2023 is to use a coin aggregator such as CoinCodex. These platforms scan the web for upcoming crypto IDOs and regularly update their information to reflect the latest IDO cryptos.

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 2023 and identified a few things to watch for:

• 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 an ICO or 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.
• Whitepaper – The whitepaper of almost every crypto project explains how it works. Some projects these days provide a slimmed-down version of their litepaper, which can be lengthy. It is important to read a project’s white paper to understand what the project does and how it accomplishes its goals.  Whitepapers that make lofty promises but provide little explanation on how they will achieve them should be avoided. A well-explained purpose, tokenomics, and a clear purpose are positive signs of a project. Lucky Block is an example of a crypto project with an impressive whitepaper.

How To Invest in Bitcoin Minetrix- The Best Upcoming IDO

Let’s take a closer look at how to purchase $BTCMTX during the ongoing pre-sale and upcoming IDO. Buying $BTCMTX with fiat currency is not possible; you must first buy ETH. So let’s check how it works.

Step 1: Buy ETH from eToro

Meta Masters Guild only accepts Ethereum (ETH) for purchasing $BTCMTX tokens. Fiat money can be used to purchase ETH tokens on centralized crypto exchanges, which can then be transferred to crypto wallets. We recommend using eToro since you can deposit as little as $10.

Sign Up for eToro

To begin, you must open an account. In a matter of minutes, you can do this at eToro.

Click the ‘Join Now’ button on the eToro website to get started. Next, enter your personal information, such as your name, nationality, address, and birthday. The trading platform will also require your email address and telephone number.

Confirm Identity

It is important to note that eToro is regulated by the FCA, CySEC, ASIC and FINRA.

Before withdrawing funds from your account, you must provide proof of your identity. Due to this, we recommend completing the verification process as soon as possible. These two documents must be uploaded clearly:

• It is necessary to possess a valid passport or driver’s license
• A copy of a recent utility bill or bank statement

Your documents may be automatically validated by eToro, so you should verify your account.

Deposit Funds

The next step is to deposit funds. The minimum deposit is $10. Instant deposits can be made with debit cards, PayPal, Skrill, and Neteller. Alternatively, you can transfer funds directly from your bank account; however, it may take several days for them to appear.

All cryptocurrency trading sites require you to submit a buy order. The ‘Amount’ box is where you need to enter your stake. You must provide a minimum of $10 in USD.

Click the ‘Open Trade’ button to purchase Ethereum commission-free. Your portfolio will then contain Ethereum coins. Afterwards, you can cash out your coins without incurring any commissions.

Execute Order

Your eToro wallet now includes ETH by default. Make sure you have received the correct amount, and continue reading to learn how to convert them into $WSM tokens.

Step 2: Transfer ETH to MetaMask

To send coins to an external wallet, please follow these steps:

• Log into your eToro Money account on your mobile device.
• Click the ‘Crypto’ tab and select the cryptocurrency you wish to send.
• When you tap ‘Send,’ you will be directed to the page where you can enter the recipient’s public address and select an amount to send. The public address can be typed in manually or scanned using the camera icon, automatically inputting the recipient’s public address.
• After correctly entering the address, tap ‘Send.’
• A verification code will be sent to your mobile phone via SMS. Once you have entered the code, click the ‘Verify’ button.
• Upon receiving your send request, you will see a confirmation screen. In addition, your request’s status can be found in the ‘Transactions’ screen.

Check the validity of public keys on the relevant blockchain explorer for the specified coin.

Step 3: Connect MetaMask to Bitcoin Minetrix Pre-sale

Your MetaMask wallet must contain ETH tokens before you can purchase $BTCMTX. Therefore, it is best to withdraw your ETH balance from a leading exchange like eToro. When withdrawing your ETH token, choose ETH (Ethereum network).

Step 4: Swap ETH for $BTCMTX

Your MetaMask wallet must be connected to the Ethereum network. To add $BTCMTX tokens to your wallet, click [Import tokens]. Then, you only need to copy and paste the contract address below into the token Details field, and MetaMask will take care of the rest. If not, add them manually. To finish, click [Add Custom Token].

Step 5: Wait for pre-sale to end to claim tokens

The Bitcoin Minetrix presale event is predicted to end soon. You will not be able to claim your tokens until the presale has sold out. When the presale does end, head to the Bitcoin Minetrix website to claim your tokens by adding them to your crypto wallet.

Your capital is at risk.

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.

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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.

Best Upcoming IDOs To Watch- Conclusion

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 Bitcoin Minetrix, Meme Kombat, Bitcoin BSC and TG Casino. 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.

Your capital is at risk.

Frequently Asked Questions