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14 Best Crypto ICOs to Invest in 2024 – Top ICO Crypto List

Connor Brooke
Last updated: | 30 min read
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

An initial coin offering, or ICO, is a popular way for crypto projects to generate publicity and raise capital. Much like crowdfunding, ICOs allow the community to have a tangible impact on a project’s growth – while also providing scope for investors to realize substantial returns in the future.

However, with thousands of crypto ICOs launching every month, it can be difficult to pick out the best quality ones with the highest chance of success. That’s why we have done the research for you to help separate the good from the bad.

This page highlights the best crypto ICOs currently ongoing and is the result of our in-depth research covering the following data points: amount raised, sellout speed, post-launch sell pressure, social media followings, pricing structure and probability of hitting the hard cap.

Best Crypto ICOs in 2024


  • Play-to-earn meme coin, transforming the iconic Doge meme into a Tamagotchi-style virtual pet.
  • P2E meme utility tokens looking bullish for summer - get in on this 40-stage presale early for biggest returns.
  • Token on the Binance Smart Chain, with a possible Binance CEX launch post presale
Project Launched
May 2024
Meta
Meme, P2E
Purchase Methods
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • Infinitely upgradeable AI meme coin, with modular technological capabilities.
  • Huge staking rewards available everyday during presale.
  • Presale price rises every two days - buy now to benefit from best price before listing.
Project Launched
April 2024
Meta
Stake-to-earn, Meme
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • The Pepe meme gets its own Ethereum Layer-2 chain
  • Stake $PEPU to earn double the staking rewards through Layer-2 technology
  • Pepe Unchained aims to replicate the success of Pepe but with its own ecosystem
Project Launched
June 2024
Purchase Methods
  • ETH
    ETH
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • +1 more
  • New base meme coin that offers multi-chain purchases, staking rewards and share to earn functionality.
  • Combines the popularity of base with the appeal of dog meme coins that are dominating the crypto market.
  • Points from sharing Base Dawgz content can be redeemed for $DAWGZ tokens once the presale is complete.
Project Launched
June 2024
Meta
Meme, Share-to-Earn
Purchase Methods
  • usdt
    usdt
  • ETH
    ETH
  • Solana
    Solana
  • Brand new South Park-inspired seal-themed SOL meme coin
  • Ideal coin to buy in presale ahead of the expected summer meme coin frenzy
  • Thought to be by the team that was also behind the viral SLERF coin
Project Launched
May 2024
Meta
Meme
Purchase Methods
  • Solana
    Solana
  • First of its kind daily rewards based on the performance of Mega Dice Casino
  • $DICE holders can enjoy 25% rev-share through the Mega Dice Referral Program
  • $2,250,000+ USD airdrop for casino players
Project Launched
April 2024
Meta
GambleFi
Purchase Methods
  • Solana
    Solana
  • ETH
    ETH
  • bnb
    bnb
  • Learn-to-Earn platform that rewards users for learning about crypto
  • Stake $99BTC tokens in secure smart contract to earn passive rewards
  • Get the edge in fast-moving markets with expert crypto trading signals
Project Launched
April 2024
Meta
Learn-to-Earn
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • Bank Card
    Bank Card
  • bnb
    bnb
  • +1 more
  • Trending meme coin with P2E utility & staking rewards
  • Price up 10x in past month, rumors of Binance listing
  • 12k+ holders and growing
Project Launched
December 2023
Meta
Meme, P2E
Purchase Methods
  • Bank Card
    Bank Card
  • usdt
    usdt
  • ETH
    ETH
  • Sustainable new transportation revolution project with green $TUK tokens powering its AI-driven project.
  • Buy and stake $TUK tokens to earn passive 83% annual rewards. Presale has raised $3.3M so far.
  • Features a play-to-earn game allowing users to gather rewards while driving virtual eTukTuks around cities.
Project Launched
2023
Meta
AI
Purchase Methods
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • Looking to disrupt the DOGE-dominated meme space, $KAI is a AI-based meme coin with 10x potential
  • As a PoS ERC20 token investors can buy and stake $KAI for massive rewards
  • Fully audited by Coinsult, the presale has raised over $170k already
Project Launched
May 2024
Purchase Methods
  • bnb
    bnb
  • ETH
    ETH
  • usdt
    usdt
  • Bank Card
    Bank Card
  • +1 more
  • Trade luxury car shares and buy, sell, and trade car-backed NFTs
  • Earn monthly passive income through car rentals
  • Secure competitive loans using your car-backed NFTs as collateral
Project Launched
March 2024
Purchase Methods
  • ETH
    ETH
  • bnb
    bnb
  • New meme coin offering an immersive experience via high-stakes battles
  • Participants can buy and stake $SHIBASHOOT tokens for rewards in excess of 25,000% p/a
  • Token holders can cast votes on key project decisions and try their luck in the 'Lucky Lasso Lotteries'
Project Launched
April 2024
Purchase Methods
  • ETH
    ETH
  • usdt
    usdt
  • bnb
    bnb
  • New token that aims to revolutionise how digital currencies are used in everyday commerce.
  • $SPY tokens to list on major centralised exchanges, including the MEXC Global exchange.
  • Loyalty incentives, airdrops, and participation rewards for community members.
Project Launched
May 2024
Meta
eCommerce
Purchase Methods
  • bnb
    bnb
  • usdt
    usdt
  • Bank Card
    Bank Card
  • ETH
    ETH
  • AVAX
    AVAX
  • BASE
    BASE
  • MATIC
    MATIC
  • USDC
    USDC
  • +5 more
  • Meme coin celebrating iconic boxing legends such as Muhammad Ali
  • First smart meme with powerful features in collaboration with a celebrity, including Web3 retro boxing game, webtoon, and AI platform.
  • Plans to be listed on a major CEX exchange, expected to have an ROI of between 10x and 20x
Project Launched
June 2024
Meta
Meme, P2E
Purchase Methods
  • usdt
    usdt
  • ETH
    ETH
  • bnb
    bnb

The Best ICO Crypto to Invest in Right Now


Listed below are some of the best ICO cryptos available to investors, derived through in-depth research and analysis. We’ll discuss the top ICO list in the following section, providing the information needed to make an informed investment decision.

  1. PlayDoge (PLAY) – Hot new meme coin ICO with play-to-earn mechanics.
  2. WienerAI (WAI) – Dog themed meme coin with impressive staking rewards.
  3. Pepe Unchained ($PEPU) – High-speed transactions powered by the first Pepe token on its own chain.
  4. Base Dawgz (DAWGZ) – New multi-chain doge meme coin, offers share-to-earn rewards.
  5. Sealana (SEALANA) – Trending new meme token on Solana that could go viral.
  6. Mega Dice Token (DICE) – Native token of a casino gaming platform. Over $1.3M raised.
  7. 99Bitcoins (99BTC) – New learn-to-earn token offers up to 800% staking APYs.
  8. eTukTuk (TUK) – Sustainable crypto offers up to 82% staking yields.
  9. KAI (KAI) – New cat-themed meme coin, $260K raised within weeks of its ICO launch.
  10. Shiba Shootout ($SHIBASHOOT) – ICO crypto offering lucrative staking rewards.
  11. SpacePay (SPY) – ERC-20 token supports crypto payments at retail locations. Get monthly airdrops.
  12. BitNance Token (BTN) – A fully decentralized token with low fees on Binance Smart Chain.
  13. Lingo (LINGO) – Leading crypto ICO featuring real-world rewards.
  14. Arkenstone (ARKN) – Popular ICO with an exciting usecase

The Best ICO Crypto Projects Reviewed


Investing in an ICO can be risky, given that the project in question will still be in its infancy and is not yet established. However, those with a higher risk tolerance level can benefit from improved ROI potential. The two often go hand in hand.

With that in mind, let’s take a closer look at the best crypto ICOs listed above, exploring why they are so sought-after:

1. PlayDoge – Best Play-to-Earn Meme Coin ICO, Over $2.7M Raised

PlayDoge ($PLAY) is one of the top crypto ICOs to invest in. This project transforms the Doge meme into a playful 2D character within a play-to-earn mobile game. Unlike other dog-themed meme coins, PlayDoge offers sentimental and financial incentives, making it a unique and attractive investment opportunity.

PlayDoge website

The game features a Tamagotchi-style play-to-earn model, where keeping your Doge pet happy earns you $PLAY tokens. Neglect your Doge, and it could leave. With the original Tamagotchi selling over 82 million units and the video game market projected to reach $665 billion in nine years, PlayDoge has significant growth potential.

Currently in ICO, $PLAY tokens are available at a low price before exchange listings. The ICO has 40 stages, with each stage’s token price higher than the last, rewarding early investors. Additionally, early participants can benefit from a staking APY of over 111%. For more details, check out the PlayDoge whitepaper, follow them on X, join the Telegram channel for updates, and read our guide on how to buy PlayDoge.

ICO Started May 2024
Total ICO Stages 40
Chain Binance Smart Chain
Raised So Far $4.3 million
Hard Cap $25 million (estimated)
Min. Investment N/A

Visit PlayDoge

2. WienerAI – Dog Themed Meme Coin Offering Impressive Staking Rewards

WienerAI ($WAI) is the latest meme coin ICO set to lift off. Aiming to reach the top among dog-themed coins through its AI trading solution, WienerAI also offers token holders very impressive staking rewards. WeinerAI is more than just a meme coin with an ambitious roadmap that features a bot that helps traders find the perfect investment.

WienerAI presale widget

This potent combo of AI and memetic fun could propel $WAI to similar heights as Bonk or Pepe. The team is also focused on building its Sausage Army, a loyal and engaged community. You can connect your wallet using the ICO widget on the official website. BNB, ETH, MATIC, and USDT are all accepted.

$WAI token holders can stake their purchase immediately to start earning APY on their investment. With dog-inspired meme coins proving to be leaders in this bull run, the project could reach its ICO goal quickly. To explore more, check out the WienerAi whitepaper and read our guide on how to buy $WAI.

ICO Started April 2024
Total ICO Stages N/D
Chain Ethereum
Raised So Far $5.7 million
Hard Cap $15 million (estimated)
Min. Investment N/A

Visit WienerAI

3. Base Dawgz – Multi-Chain Meme Coin ICO Rewards Active Community Members

Base Dawgz ($DAWGZ) is an innovative multi-chain meme cryptocurrency and one of the best crypto ICOs this year. This token is native to the Base blockchain, which boasts over 7 million users and an active meme coin community. But Base Dawgz doesn’t stop there. Using its knowledge of base jumping on top of Wormhole and Portal Bridge technologies, $DAWGZ jumps seamlessly across blockchains.

Base Dawgz presale website

This makes the token available on multiple blockchains, including Solana, Ethereum, Binance and Avalanche. Solana is famous for its meme coin offering and having $DAWGZ available on Solana DEXs can positively affect the token price. Base Dawgz will reward community members who connect their X account and share memes and Base Dawgz content, to help promote the token.

Early investors can buy $DAWGZ at a low price during the presale. Once the presale ends and the token launches on exchanges, the price will not be the same. make sure to read the Base Dawgz whitepaper to learn more about the project. Also, follow Base Dawgz on X and join Base Dawgz on Telegram for the latest news.

ICO Started June 2024
Total ICO Stages N/D
Chain Multi-chain
Raised So Far $1.3 million
Hard Cap $10 million (estimated)
Min. Investment N/A

Visit Base Dawgz

4. Sealana ($SEALANA) – Trending New Meme Token On Solana That Could Go Viral

Sealana ($SEAL) is a standout ICO that combines Solana-based meme tokens with fun pop culture references. Inspired by a South Park character, Sealana attracts both crypto enthusiasts and American satire fans. Its unique appeal and humorous premise make it a promising investment opportunity.

Sealana presale website

The project features a simple ‘Send to Wallet’ ICO system. Investors can participate by sending SOL to a specified wallet address to receive $SEAL tokens. This straightforward method makes it accessible even for those new to crypto trading. Additionally, buyers can use a Solana-based wallet via the ICO site’s widget to purchase $SEAL, offering 6,900 $SEAL for 1 SOL.

Sealana’s effective marketing strategy aims to attract a broad audience. This combination of unique appeal and ease of access makes Sealana a solid ICO investment. For the latest updates, follow Sealana on X and join their Telegram group. To learn more, read our Sealana price prediction.

ICO Started May 2024
Total ICO Stages N/A
Chain Solana
Raised So Far $4 million
Hard Cap N/A
Min. Investment N/A

Visit Sealana

5. Mega Dice Token – New Solana Token Powering a CasinoFi Gaming Ecosystem

Mega Dice Token ($DICE) is a new cryptocurrency that powers Mega Dice Casino’s gaming ecosystem. Players can leverage $DICE tokens to access various discounts and bonuses on over 4,500+ casino games and 50+ sports betting markets. Built on Solana, it offers high scalability, transparency, and low gas fees.

Mega Dice token presale website

From a total supply of 420 million tokens, 35% have been allocated for the ICO. Within the first day of the ICO launch, Mega Dice Token raised more than $320,000. Currently, $DICE is priced at $0.075 per token. $DICE can be staked to earn high annual yields. Staked token holders are also entitled to daily bonuses at the casino, varying depending on their casino performance.

Additionally, $DICE provides access limited edition NFTs, which can be traded on Mega Dice. Early ICO investors will get free $DICE as part of an Early Bird bonus incentive. For all these reasons, Mega Dice Token is one of the top-performing ICOs in 2024. Check out the Mega Dice Token whitepaper, join the Telegram channel, and read our guide on how to buy Mega Dice to learn more.

ICO Started April 2024
Total ICO Stages N/D
Chain Solana
Raised So Far $1.5 million
Hard Cap $10 million
Min. Investment N/A

Visit Mega Dice Token

6. 99Bitcoins (99BTC) – Learn-to-Earn Crypto ICO, Will Bridge From Ethereum to the Bitcoin Blockchain

99Bitcoins ($99BTC) is a learn-to-earn cryptocurrency platform rewarding users for expanding their knowledge of digital assets and blockchain. Recently launched on ICO, it raised over $117,000 within a few hours, making it a standout investment opportunity. It has raised over $1.7 million so far.

99Bitcoins token presale website

Initially built on Ethereum, 99Bitcoins will migrate to Bitcoin, adopting the BRC-20 blockchain standard. Users earn $99BTC tokens by engaging in quizzes and assessments on basic and advanced crypto topics. Token holders also gain access to VIP groups, trading signals, and rewards for community engagement through content creation and peer support.

With 15% of the 99 billion tokens allocated for the ICO, $99BTC is currently priced at $0.00107 per token. Early investors can benefit from staking opportunities, generating over 945% in annual yields. These features make it a compelling ICO investment. For more details, read the 99Bitcoins whitepaper, join their Telegram channel, and check our guide on how to buy 99Bitcoins.

ICO Started April 2024
Total ICO Stages N/D
Chain Ethereum (to be bridged to Bitcoin)
Raised So Far $2.2 million
Hard Cap $11 million (estimated)
Min. Investment N/A

Visit 99Bitcoins Token

7. Sponge V2 – Best ICO Crypto Project With a P2E Game and Staking APY of 40%

Sponge V2 ($SPONGEV2) is the upgraded version of the $SPONGE meme coin, which saw a 100x surge in 2023 from a $1 million market cap. This new version transitions from a simple meme coin to a utility-focused asset, introducing a play-to-earn (P2E) game and aiming for listings on major exchanges like Binance and OKX.

Sponge V2 presale website

Sponge V2 features an innovative Stake-to-Bridge model, allowing users to stake V1 tokens and seamlessly transition to V2, with V1 tokens locked permanently. The staking mechanism offers a live APY of 198%, incentivizing long-term holding. Early V2 investors receive purchase bonuses, and V1 holders can earn V2 rewards through staking. The integration of a P2E game further enhances user engagement by allowing players to earn additional tokens.

With a total token supply of 150 billion, 43.09% is dedicated to staking rewards, and 8% reserved for P2E gaming rewards. Sponge V2 leverages an existing community of 30,000 and aims to expand through aggressive marketing campaigns. For more details, follow Sponge on X, join the Telegram channel, and read our guide on how to buy Sponge V2.

ICO Started December 2023
Total ICO Stages N/D
Chain Ethereum
Raised So Far $22+ million
Hard Cap $25 million (estimated)
Min. Investment N/A

8. eTukTuk (TUK) – Best ICO With a Social and Environmental Purpose

$TUK is the native token of eTukTuk, the first automotive project on the Binance Smart Chain. eTukTuk aims to help TukTuk drivers transition to electric vehicles (EVs) by building charging stations and providing electric vehicle supply equipment (EVSE). This initiative addresses the pollution caused by the 270 million TukTuks running on fossil fuels.

eTukTuk presale website

eTukTuk will set up EV charging stations in urban and suburban areas of developing countries, partnering with local manufacturers to reduce production costs. Drivers can pay for charging with $TUK tokens, benefiting from low fees and high scalability on the Binance Smart Chain. According to the eTukTuk whitepaper, drivers could see a 400% increase in revenue using this platform.

Territory partners earn commissions from transactions at charging stations, and token holders can stake $TUK for passive income. Since the ICO began, eTukTuk has raised over $3.3 million. For more details, join the eTukTuk Telegram channel, follow eTukTuk on X, and check out our guide on how to buy $TUK.

ICO Started June 2023
Total ICO Stages N/D
Chain Binance Smart Chain
Raised So Far $3.5 million
Hard Cap $5 million (estimated)
Min. Investment N/A

Visit eTukTuk

9. KAI – New Cat-Themed Meme Coin ICO, $260,000 Raised

The KAI ($KAI) project promises to deliver high community and staking rewards to its token holders. Recently launched on ICO, this meme cryptocurrency is currently priced at only $0.0041836 per token. From a total supply of 10,000,010,404 tokens, 20% will be allocated to ICO investors.

Kai presale website

Early ICO investors will benefit from the high staking rewards by locking $KAI on the staking mechanism. While the live annual yield is over 6,800%, the number will reduce once more tokens are staked. So far, over 22 million tokens have been staked on KAI. This meme coin is off to a strong start through its ICO launch, raising more than $260,000 quickly.

As the ICO continues to sell out, KAI could set itself up for some top-tier listings across centralized and decentralized exchanges. In the long-term, KAI will distribute a quarter of its token supply through Purr points. These are earned by actively participating in the community. For more information, go through the KAI whitepaper, join the Telegram channel, and read our guide on how to buy $KAI.

ICO Started May 2024
Total ICO Stages N/D
Chain Ethereum
Raised So Far $470,000
Hard Cap N/A
Min. Investment N/A

Visit KAI

10. Shiba Shootout – Crypto ICO offering lucrative staking rewards

Shiba Shootout ($SHIBASHOOT) is one of the hottest crypto ICOs to invest in, setting itself apart from other meme coins. Inspired by a Wild-West theme, it combines creativity, competition, and camaraderie for unique user experiences. This engaging approach and strong community focus make Shiba Shootout a standout investment.

Shiba Shootout presale website

The project features community engagement and rewarding mechanisms. One key feature is the “Savings Saddlebag,” where users can save their holdings in a dedicated wallet to earn more tokens. Another feature, “Posse Rewards,” is a referral program that rewards users with additional Shiba Shootout tokens for inviting friends to join the community.

Shiba Shootout also offers a lucrative staking mechanism, providing high APY to reward early participation. The ICO has raised over $413,000, reflecting strong investor trust and optimism. For more details, check out the Shiba Shootout whitepaper, follow its X account, join the Telegram channel, and read our Shiba Shootout presale guide.

ICO Started May 2024
Total ICO Stages N/D
Chain Ethereum
Raised So Far $460,000
Hard Cap $20 million (estimate)
Min. Investment N/A

Visit Shiba Shootout

11. SpacePay – Decentralized Token Offers Voting Rights and Monthly Airdrops

SpacePay ($SPY) is a decentralized protocol that revolutionizes retail payments with crypto acceptance. Through $SPY, the native token, users can access monthly airdrops, voting rights, and access to webinars with the management team.

SpacePay website

SpacePay introduces crypto payments within retail locations with its decentralized terminal-agnostic protocol. Its protocol ensures that crypto payments are instant and straightforward. Furthermore, SpacePay will be compatible with over 325 wallets.

Thus, customers can make payments with crypto, and merchants can receive funds in local currency. $SPY, an ERC-20 token, incentivizes user engagement and drives growth. SpacePay will offer $SPY tokens as a monthly airdrop reward to the most active platform users. $SPY also gives token holders voting rights and access to quarterly webinars with the leadership team.

From a total supply of 34 billion tokens, 6.8 billion are currently being allocated for the ongoing ICO. The ICO has launched after a successful private sale round, where SpacePay raised $750K. For more information on this project, go through the SpacePay whitepaper and join the Telegram channel.

ICO Started June 2024
Total ICO Stages N/A
Chain Ethereum
Raised So Far $191,000
Hard Cap N/A
Min. Investment N/A

Visit SpacePay

12. BitNance Token (BTN) – A fully decentralized token with low fees on Binance Smart Chain.

BitNance Token ($BTN) is another crypto ICO to watch out for in 2024. It’s a recently launched token that offers a modern store of value on the Binance Smart Chain.

The platform recently launched a presale for its native $BTN tokens– where early investors can buy $BTN for a relatively low price of just $0.357 at press time.

By using the Binance Smart Chain, BTN has low fees and strong security features. This helps avoid common problems like centralized control and high transaction costs.

BitNance Token Presale Homepage

BitNance uses the Binance Smart Chain’s efficient system, which means transaction fees are around $3.70 compared to Bitcoin’s $39. This makes it a more affordable option for people who make frequent transactions.

The platform has a fixed supply of 10.5 million BTN tokens. This limited supply is designed to increase the token’s value over time and make it a reliable store of value.

BitNance plans to integrate various Web3 products and strategic partnerships to increase its market cap and value. You can join the BitNance Token Telegram group and follow its X (Twitter) handle to receive the latest updates.

Presale Start Date June 2024
Purchase Methods BNB, USDT, Card
Chain Binance Smart Chain
Presale Supply 7.75 mill
Current Price $0.375

Visit BitNance Token

13. Lingo – Leading Crypto ICO Featuring Real-world Rewards

Lingo stands out as this year’s top ICO with its groundbreaking RWA rewards system, seamlessly merging the digital and physical realms to offer real-world rewards. This revolutionary concept was developed by seasoned crypto and tech experts, including former executives from global leaders such as Google, Microsoft, and Binance. Together, they’ve crafted a project to reshape global economic dynamics in favor of everyday people.

Lingo website

At the heart of the project is the $LINGO token, which investors can exchange for Fizen gift cards. These cards can then be used to unlock rewards from an extensive network of over 3,000 brands and more than 100,000 hotels worldwide. The Lingo ecosystem itself fuels these yields, providing a robust avenue for gains independent of market fluctuations.

Developed as an ERC-20 asset on the Polygon Layer 2 blockchain, $LINGO will also be deployed on the Solana and Base chains, enhancing its utility across multiple platforms. While the full range of benefits will be unveiled during the presale, the anticipation is already high, with over 700,000 potential investors on the waiting list. Those interested in this innovative venture should follow Lingo’s Twitter for the latest updates and the imminent presale announcement.

ICO Started Upcoming
Total ICO Stages TBA
Chain Solana and Base
Raised So Far TBA
Hard Cap TBA
Min. Investment TBA

14. Arkenstone – Popular ICO With an Exciting Usecase

As an audited project, Arkenstone has been created to simplify participation in blockchain for aspiring developers. At its core lies the GemLaunch Suite, a revolutionary Web3 application that puts the power of token creation and management into the hands of all, irrespective of technical expertise.

This user-friendly interface eliminates the daunting coding barrier, making Arkenstone an enticing prospect for both seasoned crypto enthusiasts and budding investors alike.

Arkenstone

Arkenstone doesn’t just offer utility; it presents an array of incentives that sweeten the deal for early adopters. Exclusive NFTs serve as a token of appreciation for investors, adding intrinsic value to their holdings.

Additionally, the inclusion of a SOL ATM within the platform streamlines the investment process, allowing users to seamlessly convert other cryptocurrencies into Solana (SOL) and subsequently into ARKN tokens.

Featured prominently across various crypto platforms, Arkenstone’s meteoric rise in demand is a testament to its potential for explosive growth in the near future. Its unique features, combined with its steadfast commitment to security and user satisfaction, position it as a frontrunner among other ICOs in its category.

ICO Started May 2024
Total ICO Stages N/A
Chain Solana
Raised So Far N/A
Hard Cap N/A
Min. Investment N/A

What Is a Crypto ICO?


A crypto Initial Coin Offering (ICO) is a fundraising method for blockchain projects, similar to a stock exchange IPO. During an ICO, a project sells tokens at a discounted price to raise funds and build a community before launch.

For example, Ethereum’s ICO in 2014 sold ETH tokens for just $0.31 each; Ethereum tokens are now worth over $3,505.04.

ICOs are unregulated, posing higher risks, and require investors to perform thorough due diligence. Success is not guaranteed, though the potential returns can be substantial for risk-seeking investors.

The History of ICOs

Ethereum marked the first major success in ICO history by raising $16 million in 2014, catalyzing the growth of decentralized finance (DeFi) and decentralized applications (dApps).

However, by 2017, the ICO landscape shifted dramatically due to numerous scams, leading to only a fraction of ICOs achieving significant liquidity on centralized exchanges.

This prompted a regulatory crackdown, notably from the U.S. Securities and Exchange Commission (SEC), which scrutinized these offerings for potential securities violations.

As a result, Web3 fundraising has diversified into safer and more regulated forms to accommodate the evolving complexity of the ecosystem, including:

  • Security Token Offerings (STOs)
  • Initial Exchange Offerings (IEOs)
  • Initial DEX Offerings (IDOs)

Methodology: How We Ranked the Best ICOs


Our team follows a methodical approach to rank the most promising ICOs. This section outlines the criteria and respective weights used in our evaluation.

Fastest Selling ICOs (25%)

Fast selling ICOs reflect market enthusiasm and investor confidence. Selling quick often signals strong community support and a high demand for the token. We analyzed the speed at which ICOs are reaching or have reached their funding goals. This metric helps identify ICOs that attract attention and likely maintain momentum post-launch.

Best Entry Price (25%)

We assessed ICOs by comparing their launch prices to projected market values and historical performance of similar tokens. A lower entry price can significantly enhance potential returns, making it a crucial factor for investors seeking value.

Widespread Media Coverage (25%)

We analyzed the extent and nature of media attention each ICO received across major financial and crypto-specific news platforms. High-quality coverage from reputable sources tends to indicate a project’s legitimacy and broader interest, potentially leading to a more robust investor base. This metric helps differentiate ICOs with significant exposure and trust from those with limited or negative publicity.

Compelling Use Cases (15%)

We evaluated each ICO by examining the practicality and innovation of their proposed solutions to current market needs. ICOs that address genuine problems with effective, innovative solutions are more likely to succeed and provide value to investors.

Audited Tokenomics (10%)

We assessed ICOs by verifying if their tokenomics had been reviewed and validated by reputable third-party auditors. An audited token model provides transparency, reduces the risk of manipulation, and builds investor trust. This criterion distinguishes ICOs with well-structured economic foundations from those that may pose higher risks due to unchecked or flawed token distribution strategies.

How Do Initial Coin Offerings Work?


Initial Coin Offerings are timed fundraising events set by a project’s team who determine both the start date and the fundraising goals. These events typically feature a soft cap, indicating the minimum funds desired, and a hard cap, the maximum allowed.

To participate, investors visit the project’s website, where the token price and accepted currencies (often ETH or BNB) are listed. Investors send funds to a provided wallet address and then receive ICO tokens in return to their own wallets. Buying ICO tokens requires owning a crypto wallet and some digital currency beforehand.

How to Find the Best ICO Cryptos


Finding the best ICO cryptos requires thorough research. Key indicators of a promising ICO include:

  • A transparent and verifiable development team (though some meme projects may have anonymous developers)
  • A clear roadmap and whitepaper
  • An active social media presence

However, always verify social engagement to ensure it’s genuine and not inflated by bots or spam accounts. Conducting detailed research is essential before investing to distinguish potentially successful projects from less viable ones.

Below, we’ll go over three ways to find and vet new crypto ICOs worth investing in.

1. Take Advantage of Social Media

Using social media is a vital strategy to discover and assess crypto ICOs:

  • X: Follow key influencers, founders, blockchain projects, and Cryptonews for the latest announcements and discussions. Use hashtags like #ICO, #CryptoICO, and #TokenSale to find posts related to new ICOs. Watch for genuine engagement and beware of accounts that might use bots to inflate interaction numbers.
  • Reddit: Join subreddits like /r/CryptocurrencyICO, r/ICO, and r/CryptoMarkets. These communities offer discussions, firsthand user experiences, and updates on upcoming ICOs. Always cross-reference information and check for user testimonials to gauge sentiment and potential red flags.

CryptocurrencyICO on Reddit

  • TikTok: Follow Cryptonews as well as influencers and content creators who specialize in ICOs and cryptocurrency trends. Use hashtags like #ICO, #CryptoNews, and #CryptoInvestment to find educational content about ICOs.
  • Telegram: Many ICO projects host official Telegram channels where they share updates, engage with potential investors, and provide direct access to the team. Join Telegram groups to ask questions directly and receive timely updates.
  • Discord: Similar to Telegram, Discord serves as a hub for community interaction and is increasingly popular for real-time project discussions and ICO news.
  • YouTube: Subscribe to channels that specialize in cryptocurrency analysis and ICO reviews, such as Cryptonews, Jacob Crypto Bury, and Boxmining. They often provide detailed evaluations of ICO projects, team backgrounds, and tokenomics.

Jacob Crypto Bury YouTube channel

2. Use an ICO Calendar

ICO Calendars are essential tools for identifying upcoming ICOs, offering key details like industry focus, start and end dates, blockchain used, and fundraising targets.

Using an ICO calendar helps streamline your investment process by enabling you to pre-register for early-stage projects at lower prices, avoiding impulsive investments and optimizing financial planning.

Websites like ICO Drops and CoinCodex’s ICO Calendar allow you to filter ICOs based on your preferences, such as blockchain type or ICO status, enhancing your search specificity.

3. Get Involved in Web3

Engaging directly with Web3 and ICOs can significantly enhance your understanding of new crypto offerings.

One approach is to start small by investing a minimal amount, such as $20, in several ICOs to track and compare their performance. This strategy allows you to diversify risk rather than committing a large sum to a single, unproven project.

Alternatively, consider working with a Web3 startup. Positions range from smart contract developers to roles in marketing, content creation, network engineering, and legal consultancy.

Hands-on experience provides deep insights into the ICO process and offers opportunities to observe successful practices and potentially participate in early investments.

What Are the Risks of ICO Investments?


Investing in ICOs carries risks, primarily due to lack of regulation which can lead to scams and financial loss. Many ICOs fail to deliver on promises, resulting in worthless tokens.

The absence of oversight means fewer safeguards against fraud, compared to regulated offerings like IPOs. Market volatility can also dramatically affect token values.

Before investing, thorough due diligence is essential to assess the project’s legitimacy, the team’s credibility, and the realistic potential of the underlying technology.

Lack of Regulatory Oversight

One of the primary risks of ICOs is the lack of regulatory oversight, unlike regulated IPOs. This absence of regulation makes investors vulnerable to scams, including fraudulent projects and market manipulations like rug pulls and pump-and-dump schemes.

Listed tokens market cap

In a rug pull, developers might drain a token’s liquidity, leaving it worthless, while pump-and-dump involves inflating a token’s value through hype and then selling off at the peak.

The unregulated nature of the crypto markets facilitates these schemes, attracting scam artists who exploit the lack of enforced KYC procedures and transparency. Investors should be cautious and seek transparency in ICO operations to avoid fraudulent activities.

Unrealistic Expectations Leading to Severe Losses

Many ICOs are launched with only a whitepaper and lack a working product or proven track record, leading investors to fund projects based on mere speculation and promises rather than tangible evidence of success.

This results in significant financial risk as many projects fail to deliver, never materialize, or have poor token distribution and governance.

Additionally, ICOs often allocate a large portion of tokens to founders, creating potential conflicts of interest and decision-making that may not align with investor interests.

Unrealistic claims made by projects, like those claiming to be “Ethereum killers,” often fail to materialize, further risking investor capital.

Volatility & Market Manipulation

The cryptocurrency market is notoriously volatile, which poses a significant risk for ICO investors. Even Bitcoin, the most stable cryptocurrency, experiences high volatility.

This volatility is even more pronounced in ICO tokens, which often have lower trading volumes. Tokens with small market capitalizations can be easily manipulated with relatively small amounts of money compared to larger volume cryptocurrencies.

Additionally, unlike traditional financial markets, which are heavily regulated to protect against market manipulation, the cryptocurrency market has weaker regulations, making it more susceptible to price manipulation, especially during the earlier days of ICO popularity.

How to Invest in an ICO


Investing in an ICO token is quite straightforward. By and large, tokens are a lot easier to invest in than other financial instruments. But you still need to get familiar with the process so you can keep your funds securely stored.

Step 1: Choose Your ICO

We have already been over this step, but just to reiterate: you need to find the best ICO that’s legit and has a strong chance of success. Check an ICO calendar to see which ones match your preferences.

Once you have decided on a suitable ICO, you can visit the page to see which type of tokens you need to invest in the project. You will want to buy a crypto that is accepted/required by the ICO. USDT and ETH are commonly accepted. If it’s a Binance-supported ICO, you might need BUSD or BNB.

The official page should also tell you key information about the project, including theme, industry, token price, and vesting period. This is key information is needed to decide whether it’s worth the investment or not.

Step 2: Buy Crypto

Now, you need to acquire crypto funds, most likely ETH or an acceptable stablecoin such as USDT, USDC, or BUSD. You can check what tokens the ICO accepts on its official ICO page.

For this example, we selected PlayDoge, which can be purchased using USDT, ETH, BNB, or a card.

PlayDoge presale widget

Head over to your preferred crypto exchange, such as Binance, Coinbase, or Kraken, and purchase tokens the ICO accepts.

Step 3: Send Funds to Your Web3 Wallet

Once you have purchased your crypto on your chosen platform, you will need to send it to a Web3 wallet. MetaMask and Wallet Connect are two of the most popular options.

Simply go to the MetaMask website, download its free browser extension, and set up your account — remember to store your private keys securely.

metamask hot wallet

Once you’ve set up your MetaMask wallet, head over to the crypto exchange where you purchased crypto, and send those funds to MetaMask.

Step 4: Purchase ICO Tokens

Click “Connect Wallet,” and select your Web3 wallet. In this case, the available options are MetaMask, Best Wallet, Wallet Connect, and Coinbase Wallet.

PlayDoge presale

Next, type in your password to successfully connect your wallet to the ICO website. Once it’s connected, you can select the cryptocurrency you wish to use, and either input the crypto amount you want to spend or the number of PlayDoge tokens you want to purchase. Finally, click “Buy Now” to finalize the transaction.

Are ICOs a Good Investment?


Although ICOs are undoubtedly a widespread phenomenon within the crypto market, can they be considered a good investment? There are definite reasons why they can be a noteworthy investment:

  • Become Part of a Growing Community – Taking part in an ICO allows investors to become part of a growing community at the very beginning of the project’s life cycle. This has the added benefit of enabling like-minded people to interact with each other and form relationships whilst also providing feedback to the project’s development team.
  • Huge Returns Potential – Naturally, one of the main benefits of investing in an ICO is the vast returns potential that they can offer. Since most ICOs offer tokens at a reduced price point, early investors are in a great position to benefit if/when the token is listed on a major exchange. Projects offer discounted prices to kick-start development or generate publicity and attention – which then means more investment and a higher probability of success.
  • Exclusive Perks – Many ICO cryptos will offer exclusive benefits to entice early investors. The specific benefits can vary wildly but may include premium NFTs or access to merchandise. There may even be private Discord servers that only ICO investors can join, providing an incentive to participate.

Again, it is essential to note that ICOs do not guarantee profits even if the fundamentals of the project are solid and the potential is high – ultimately the market will decide success or failure.

It is also important for investors to understand their own tolerance for risk as ICOs are substantially more risky and volatile than investing in established top cryptos such as Bitcoin or Ethereum.

Best Crypto ICOs – Conclusion


In summary, this article has taken an in-depth look at the best crypto ICOs to launch in 2024, covering what they offer and why they have generated such high momentum. Thanks to the innovative use cases displayed by these projects, investors remain eager to see how well they can perform in the weeks and months ahead.

Investors will do well to remember that risk should be given equal weight to the potential rewards. This can help to avoid many of the ICO projects that turn out to have no long term viability. Returns are not guaranteed, especially when it comes to the volatile cryptocurrency markets.

One of the best crypto ICOs right now is PlayDoge ($PLAY). This is a meme coin with play-to-earn mechanics in a Tamagotchi-style mobile game. Currently in ICO phase with a generous staking rewards.

Visit PlayDoge

Crypto ICO FAQs

How does an ICO in cryptocurrency work?

When an upcoming ICO is announced, early investors will have the opportunity to buy tokens using a ‘bridge’ cryptocurrency – such as ETH or BNB. The project’s team will provide a crypto wallet address to send funds to in return for tokens, with the token price being either fixed or variable, depending on demand.

Is investing in ICO crypto a good idea?

Investing in upcoming ICOs is inherently risky since projects are still in the early stages of their lifespan, so nobody knows for certain whether they will be successful. However, investors with a higher risk appetite can often generate considerable returns when an ICO crypto is listed on a major exchange since they will have been able to acquire tokens at a discounted price.

How do I buy crypto ICO?

Participating in an ICO is as simple as heading to the project’s official website and connecting a crypto wallet. Following this, investors will be able to buy tokens using a bridge currency (e.g. ETH, BNB), after which the project’s team will send the relevant number of tokens to the investor’s wallet.

Was Ethereum an ICO crypto?

Yes, Ethereum started as an ICO in 2014, raising over 7,000,000 ETH (around $2.2 million) in the first 12 hours of tokens going live. By the end of Ethereum’s ICO, the development team had raised a remarkable $18.3 million for the project.

What are the best crypto ICOs to buy in 2024?

Out of all the projects we’ve reviewed, PlayDoge, WienerAI, and Sealana offer the most intrinsic value and upside potential. PlayDoge ($PlayDoge) is our pick for the best ICO crypto alternative. This is a multi-chain meme token, that offers staggering annual yields.

References

Related:

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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