8 Best IEO Cryptos to Buy This Year – Biggest Initial Exchange Offerings

Kane Pepi

Last updated: March 28, 2024 08:19 EDT | 19 min read

Initial exchange offerings (IEOs) enable crypto startups to raise funds from the public by offering their native token in exchange for another digital asset, such as USDT, ETH, or BTC. However, unlike an ICO, the IEO listing is facilitated by a crypto exchange, which perhaps offers more of a safeguard for investors. In this guide, we discuss the 8 best initial exchange offerings this year.

The 8 Best Initial Exchange Offerings Happening in 2024

For a quick overview of the best initial exchange offerings this year, check out the list below:Sponge V2 – Best IEO Currently, Combining High-Yield Staking with a Revolutionary Meme Coin Model

1. Bitcoin Minetrix – Among the best IEOs to consider, this hot new project offers a unique Stake-to-Mine model. It offers transparency, security, and high APYs, having raised over $800K in just two weeks of its presale launch.
2. eTukTuk – Considered among the best IEOs, eTukTuk invites participants to join a sustainable transportation revolution. This eco-friendly presale allows immediate staking of investments, enabling investors to start earning rewards right away.
3. Scorpion Casino – Recognized as one of the best IEOs for early investors, Scorpion Casino offers the SCORP token at discounted prices. Investors can also benefit from up to $10,000 in daily passive staking income and other lucrative opportunities.
4. DeFi Coin – Decentralized exchange project built for the community.
5. Share Internet Data – Peer-to-Peer internet sharing platform.
6. Orion Protocol – Access DEX and CEX platforms via a single ecosystem.
7. Sportscash – NFT marketplace for the sports industry.
8. COTI – Decentralized app for customized payment solutions.

Analyzing the Best IEO Cryptos to Invest in

Searching for the best IEO crypto listings requires investors to conduct their own due diligence on both the project and the exchange that is hosting the fundraising campaign. Therefore, in this section, we take a much closer look at the best IEO cryptos of 2024.

1. Sponge V2 – The best IEO This Year With an Impressive 3,373% Staking Yield 

Sponge V2, the latest version of the well-known meme coin Sponge, offers a range of innovative features for stakeholders and investors. After its predecessor’s impressive 100x rally last year, Sponge V2 aims to build on this momentum with stronger community support and additional utility. The new token introduces an automatic staking system and a unique buy bonus during its presale phase. Investors first need to acquire Sponge V1 tokens, available on multiple exchanges like Uniswap V3, Poloniex, and others, or directly from the Sponge.vip website using USDT, ETH, or a card. These V1 tokens can then be staked to receive an equivalent amount of Sponge V2 tokens, with additional earning potential through staking before the claim date. Sponge V2 is set for a CEX listing, allocating a significant portion of its 150 billion total supply for marketing, liquidity, staking rewards, and presale. A notable addition is a Play-to-Earn (P2E) game, offering both free and paid versions, the latter allowing users to earn more V2 tokens. The game development and P2E rewards are also allocated specific portions of the token supply. Go through Sponge’s whitepaper to learn more about the project, and for regular updates, follow it on Telegram and Twitter.

2. Bitcoin Minetrix – A New Bitcoin Stake-To-Mine Model For A Huge Passive Income Potential

Bitcoin Minetrix is a hot new upcoming IEO in the cloud mining sector, transforming how we perceive traditional Bitcoin mining methods. Within only two weeks post-launch, Bitcoin Minetrix secured over $800,000, showing its increasing potential and the growing confidence of its community. The platform boasts a substantial token supply of 4 billion. Notably, 2.8 billion tokens (70%) are dedicated to the presale. Initiated at a token price of $0.011, the rate will increase to $0.0129 by the end of the presale’s 10th stage. Thoughtful allocation is evident, with 42.5% reserved for mining, 7.5% for staking, and segments set for community engagement.

Steering away from traditional energy-intensive methods, Bitcoin Minetrix offers an eco-friendly cloud mining approach. This shift drastically reduces the environmental footprint of Bitcoin mining, making it an attractive choice for environmentally-conscious investors. At the heart of Bitcoin Minetrix is its “Stake-to-Mine” system. This allows users to stake the platform’s native $BTCMTX tokens and receive non-tradable mining credits. Per the Bitcoin Minetrix whitepaper, when these credits are burned, they yield BTC rewards. This user-friendly approach offers a sustainable alternative, bypassing the usual risks of traditional mining methods. Notably, Bitcoin Minetrix also prioritizes user experience. Their integrated dashboard, accessible via desktop or mobile, offers a transparent view of mining activities. Users can effortlessly track hashing power, potential earnings, and statistics on mining credits. This transparency ensures even mining beginners can start mining with confidence.

The platform is designed to guard against common cloud mining scams. Introducing a tokenized structure, Bitcoin Minetrix guarantees tangible mining credits against staked tokens, heightening security and reducing fraud risks. Additionally, users benefit from the freedom to unstake their tokens based on market fluctuations. Consider entering the Bitcoin Minetrix Telegram channel for the most recent updates.

3. eTukTuk – Best Sustainable Transportation Crypto IEO with Immediate Staking Rewards and Expanding Global Reach

This crypto project is building a sustainable mode of transportation, i.e., EV-powered TukTuks. eTukTuk brings together blockchain technology and artificial intelligence to revolutionize transportation worldwide. Besides being part of the green revolution, here you can earn rewards by completing TukTribe tasks, earn TXPs, and win a share of the 4,000,000 $TUK tokens through the TukStation rewards app. If you want to take part in the presale, the TUK token is available for $0.02575 and has raised over $454k. Right after purchasing tokens, you can stake them at the current APY of 454%. eTukTuk further rewards its long-term holders with a share in the ecosystem’s success. The project charges drivers a fee to generate revenue for the network. When it comes to tokenomics, TUK has a total supply of 2 billion, of which 20% is allotted to project ops, 20% to power staking, 15% is set aside for company reserve, 10% each for community fund, team, and marketing, 6% is reserved for pre-sale, 4% for pre-sale staking, and 5% for token liquidity. In the future, the project aims to have 6000 eTukTuks on the road, install charging stations in Sri Lanka, and expand to more countries. Follow the project on Telegram and Twitter to stay in the loop about the project, and take a look at its whitepaper for more details.

4. Scorpion Casino – An Exciting IEO From a Licensed Casino Platform

Scorpion Casino, a crypto-focused casino and betting platform, has been garnering attention in the cryptocurrency space. It is licensed by the Curacao EGaming Authority and has undergone full audits by Solidproof. Additionally, the platform’s team is KYC-verified, ensuring a level of trustworthiness. Scorpion Casino offers a variety of sports betting options, covering sports like football, tennis, and boxing, and more than 200 casino games, including popular choices like slots, blackjack, and roulette. The beta version of the casino is currently accessible. The SCORP token, integral to the Scorpion Casino ecosystem, has a total supply of 480 million. Early investors have the opportunity to acquire these tokens at $0.025 each. The casino has successfully raised $2.7 million from approximately 6,200 contributors, nearing its funding target. Investors who buy SCORP tokens during the pre-sale can benefit from a planned price increase at the time of CEX and DEX listings, earn up to 40% in casino credits, and have the chance to participate in a $250k giveaway. Token holders receive daily passive income through staking, automatically credited to their wallets. The platform also offers the Elite Scorpion Members Club, available during the pre-sale period for $1000, providing exclusive benefits. To stay informed about Scorpion Casino, start by reading its whitepaper, join Scorpion Casino’s Telegram group and follow them on Twitter.

5. DeFi Coin – New Decentralized Exchange Project Built for the Community

Next up on this list of the best IEO crypto projects of 2024 is DeFi Coin. This up-and-coming project is building a decentralized exchange that is not only user-friendly but packed with features. At the forefront of this will be the ability to buy and sell crypto tokens instantly and anonymously, with no requirement to provide any personal details. The process simply requires the buyer to connect their crypto wallet to the exchange – which is branded as DeFi Swap. Through an automated market maker protocol, buyers can purchase their required tokens without needing a seller. Once the DeFi Swap exchange is launched – which is expected to happen in the coming weeks, the initial focus will be on BSc tokens.

However, the team of developers is working on cross-chain functionality, which will likely support popular blockchain networks like Ethereum and Bitcoin. In the meantime, the DeFi Swap exchange will also be launching its staking facility in addition to a yield farming tool. Both of these features enable investors to generate a passive yield without requiring a third party. Those with an interest in DeFi Swap can invest in this project by purchasing DeFi Coin tokens from PancakewSwap Taking into account that the project has been working on the development of its exchange for nearly one year, the price of DeFi Coin will attract value investors. This is because the project carries a market capitalization of just $1 million.

Visit DeFi Coin

6. Share Internet Data – Peer-to-Peer Internet Sharing Platform

Share Internet Data is the next project that makes this list of the best IEO crypto listings for 2024. In its most basic form, the project is building a peer-to-peer platform that enables users to share their internet resources with those in need. This can be achieved through the Share Internet Data mobile app for iOS and Android. After connecting to the system and sharing internet resources, users can earn rewards in the form of points.

2 points are paid for each shared connection, with can be converted into 20 MB worth of bandwidth. Share Internet Data will also be launching its SID token via the upcoming IEO. In total, the project is looking to raise up to 80 million EUR.

7. Orion Protocol – Access DEX and CEX Platforms via a Single Ecosystem

Orion Protocol is another option to consider when searching for the best initial exchange offerings this year. This project is building an ecosystem that will enable token holders to access a wide range of CEXs, DEXs, and swap pools – without needing to leave the user’s wallet. One such advantage that this will bring is that there is no requirement to use multiple exchanges to access preferred tokens. Instead, investors can trade via Orion Protocol and access a plethora of exchanges in one single place.

In turn, this also means that investors will have access to the best price possible when buying and selling digital assets. According to third-party sources, Orion Protocol will be launching its ORN token via an IEO later this year. The total hard cap that the project aims to reach is $4 million. The IEO will accept BTC, ETH, and HOLO.

8. Sportscash – NFT Marketplace for the Sports Industry

Sportscash could be the best IEO crypto launch this year for those with a passion for sports. This project is building an NFT marketplace that aims to attract sporting stakeholders – from fans and clubs to advertisers and agents. The marketplace will enable stakeholders to create and sell their respective NFTs via a decentralized ecosystem that is fueled by the SCOneX token. In total, this project is looking to raise $2 million via its IEO launch.

Bonuses are on offer for earlier investors, with the first and second IEO round offering an additional 25% and 10% in SCOneX tokens. The Sportscash IEO will accept a range of digital assets as payment, inclusive of Bitcoin, Ethereum, Waves, and XRP.

9. COTI – Decentralized App for Customized Payment Solutions

The final project to be discussed on this list of the best upcoming IEOs this year is COTI. This project is looking to develop a decentralized app that enables consumers, businesses, and government entities to access customized payment solutions. COTI claims that this will provide a gateway for cheaper and faster payments, in a burden-free manner. The gateway runs in conjunction with Trustchain, which COTI claims can process up to 100,000 transactions per second.

The COTI initial exchange offering is currently live and as of writing, has raised over $3 million. This represents 10% of its $30 million hard cap target. The IEO supports payment in BTC, ETH, and fiat.

What is an IEO?

An initial exchange offering, or IEO, enables new cryptocurrency projects to launch their native digital token to investors. The process is largely similar to an initial coin offering (ICO), insofar as IEOs allow projects to raise much-needed capital. In most cases, the project will create its own token in exchange for large-cap digital assets, such as Ethereum or Solana. In turn, investors will receive the project’s token after the IEO has concluded. The main difference between IEOs and ICOs is that the former is conducted via a crypto exchange. This means that in order to access the fundraising campaign, investors will need to open an account with the exchange in question. The theory is that by opting for an IEO, investors are provided with an additional safeguard. This is because the exchange will be responsible for performing due diligence on the IEO project and its founders. However, this doesn’t guarantee that the crypto startup is legitimate. As such, IEO investors are advised to do their own research. This is also the case for those looking to invest in the best crypto STOs in 2024.

How do Crypto Initial Exchange Offerings Work?

Although no two crypto IEOs are the same, the end-to-end process is largely similar across all listings. First and foremost, the crypto startup will contact their preferred exchange for the IEO listing, alongside an application that outlines the fundamentals of the project. The ball is then in the court of the exchange, which will determine whether or not it wishes to host the IEO. If it does, the crypto project will then release information on the fundraising campaign. In some cases, there will be just one IEO, while in others, there could be multiple. Each IEO will have its own hard cap total, which refers to the total amount of capital it wishes to raise.

For example, Tamadoge set its hard cap at $19 million – which the project raised in its entirety. Once the IEO goes live, investors will then need to exchange a supported digital asset for their desired number of tokens. If the exchange is centralized, then this means that the investor will need to manually deposit the tokens through a standard wallet transfer. If the IEO is held on a DEX, then the investor can simply connect their wallet to the platform and initiate the exchange. After the IEO has concluded – either because it has reached its hard cap total or the investment phase is closed, investors will then receive their presale tokens. In many cases, the project will then proceed to officially list its token on an exchange, meaning it can be traded by the public.

How to Find the Best Upcoming IEOs?

As we discuss in more detail shortly, the best IEO cryptos often offer investors an opportunity to buy into a project at the very start of its journey. In turn, this means investing in a project while it carries a modest market capitalization, meaning that there is plenty of upside potential to target. However, finding the best IEO crypto projects is the hard part – considering how many listings are being initiated in this space.

IEO Launchpads

The first step in finding the best IEO cryptos is to spend some time researching leading launchpads. Top IEO exchanges include the likes of Binance, Kucoin, and FTX. By heading over to these platforms, investors can explore whether any IEOs are about to be launched. If this is the case, the platform will offer full details on the IEO in terms of the total token allocation, also price, and links to the project’s website and whitepaper.

Third-Party Platforms

Some IEOs are conducted on lesser-known exchanges, especially when the project prefers decentralized exchanges. As such, it is also worth using a third-party website that specializes in IEO (and ICO/IDO) listing announcements. This will ensure that upcoming IEOs are not missed. Some third-party platforms in this space also offer an alert service, which means investors will receive an email when a new IEO announcement has been made.

Whitepaper and Due Diligence

Having access to upcoming IEO listings is the easy part. Knowing which projects represent a worthy investment is significantly more challenging. A good starting point in this regard is to visit the IEO project’s website and download the whitepaper. A legitimate crypto startup will offer a highly comprehensive whitepaper that explains everything there is to know about the venture – including but limited to its long-term objectives, roadmap targets, background information on the development team, and the tokenomics of its native digital currency. After reading through the whitepaper, IEO investors are then advised to conduct independent research on each and every claim that has been made. Only then should investors consider their next move.

Are IEO Coins a Good Investment?

IEOs, in addition to ICOs and IDOs, will not be suitable for all investor profiles. As such, before researching upcoming initial exchange offerings this year, beginners are advised to make the following considerations:

Lowest Token Price Possible

First and foremost, in a similar nature to stock IPOs, crypto IEOs typically reward earlier investors with the best price possible on the respective token. In fact, the earlier that an investor gains exposure to IEO, the more favorable the cost price often is. For example, during the Tamadoge presale, the token price increased gradually as each tranche of tokens was sold.

Small-Cap Projects

The vast majority of IEOs are utilized by new crypto startups. This means that because the project is still in its infancy, it will carry a small market capitalization. This is not too dissimilar to investing in a traditional startup long before its IPO campaign. For example, when Lucky Block completed its presale campaign in early 2022, it carried a market valuation of just $16 million. In just a month of trading, Lucky Block went on to reach a valuation of over $1 billion. This represents growth of over 6,000%. Crucially, although risker when compared to large-cap projects, IEOs with a small valuation offer a much higher upside potential.

Post-IEO Listing

Perhaps the most anticipated part of the IEO investment process is when the respective token is listed on a public exchange for trading. This should not be confused with the exchange that the token is listed on for the purpose of the IEO. Nevertheless, the initial exchange listing offers an opportunity to those that missed out on the IEO fundraising campaign. If the project is solid and has created subsequent levels of hype, this can result in a huge wave of buying pressure after the exchange listing. If this is the case, this can benefit IEO investors greatly.

How to Invest in Sponge V2

On its way to becoming a successful IEO, Sponge V2 Token is still in its presale stage. It offers buyers an excellent opportunity to make high returns, given its discounted rate. The steps below outline the process of buying Sponge V2:

Step 1: Connect Your Wallet

To start, connect your MetaMask or Trust Wallet to the Sponge V2 presale platform. You can easily do this through the presale widget on their website. In case you don’t have a wallet yet, download one from the official MetaMask or Trust Wallet site.

Step 2: Buy Sponge Tokens

If you don’t already own Sponge tokens, you can buy them for the presale. This can be done by swapping ETH, USDT, or making a bank card purchase directly through the presale widget on Sponge’s website. This process will also automatically stake any Sponge V1 tokens you purchase.

Step 3: Stake V1 for V2

For existing Sponge token holders, select the ‘Stake Now’ option on the presale platform to access the Staking Dashboard. Here, you can stake your V1 tokens to start earning V2 tokens. Remember, staking V1 tokens will lock them up permanently as part of the ‘stake-to-bridge’ model.

Step 4: Participate in Presale Bonuses

Engage in the presale to get additional benefits, such as earning more V2 tokens based on a variable APY during the “buy and stake” campaign. The longer and more V1 tokens you stake, the greater the number of V2 tokens you’ll earn.

Conclusion

This guide has ranked the best upcoming IEOs in the market right now, in addition to a selection of presales that have recently been listed on an exchange for the first time. Overall, from an investment perspective, Sponge V2 is the best upcoming IEO. It demonstrates strong investor interest and confidence in the project’s potential. And as the crypto market prepares for a potential bull run, Sponge V2 positions itself as the best IEO in the market currently.

FAQs

What is an IEO in crypto?

An IEO refers to an initial exchange listing. The process enables newly launched cryptocurrency projects to raise funds from the public by selling their native token. An IEO is different from an ICO, not least because the fundraising campaign is facilitated by an exchange. The best IEO exchanges include Binance and Kucoin.

How do IEOs work?

The cryptocurrency startup will make a predefined number of tokens available to early investors. The fundraising campaign will be hosted by an exchange, which usually means that investors will need to open an account and make a deposit in crypto. Then, the investor can swap a supported crypto asset for the token being offered via the IEO.

What is the difference between IEO and IDO?

Both IEOs and IDOs (initial direct offerings) enable investors to gain exposure to a newly launched cryptocurrency project. The investment process is, however, different. An IEO will offer access to the new cryptocurrency token via an exchange. An IDO, on the other hand, will list its token directly on a decentralized exchange. This is also known as a ‘fair launch’ – as after the listing, market forces will dictate the price of the token.

Are IEO cryptos worth it?

New IEOs are best suited for investors that wish to target above-average returns and are prepared to take on additional risk to achieve this goal. For instance, while some IEOs go on to generate returns of 100x, others fail completely.

What are the best upcoming IEOs?

One of the most promising IEOs to watch in 2024 is Sponge V2. has attracted significant interest with its innovative ‘stake-to-bridge’ model and high staking APY.

About the Author

Kane Pepi

Kane Pepi is a financial, gambling and cryptocurrency writer with over 2,000 published works, including on platforms like InsideBitcoins and Motley Fool. He specializes in cryptocurrency guides, exchange and wallet reviews, and covers new crypto projects for Cryptonews.com. His expertise includes asset valuation, portfolio management, and financial crime prevention. Pepi holds a Bachelor's in Finance, a Master’s in Financial Crime, and is pursuing a Doctorate in money laundering in crypto and blockchain. Connect with Kane on LinkedIn.

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