02/03/2024
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Top Crypto IDOs to Invest 2023


Funding crypto projects is no longer a buzzword. Many strategies have been introduced over the last five years to attract potential investors for funding. Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs) were the talks of the crypto market until the launch of Initial DEX Offerings (IDOs). Launched in 2013, IDO is a process to acquire capital for crypto projects. IDOs have become an increasingly popular way to generate capital for the promotion of crypto projects while minimizing the challenges faced by ICOs and IEOs. Choosing an IDO that ensures reliability and transparency can be a daunting task. Thus, we bring to you some of the best ongoing IDOs. Here we have drawn a list for upcoming crypto IDOs, new crypto IDOs, and other categories that influence investment in IDOs.

Read more: Top Crypto ICOs To Watch Out For 2023

What are IDOs?

IDOs or Initial DEX Offerings are fundraising activities for crypto projects and are akin to ICOs. However, the difference lies in the decentralized nature rather than the centralized nature as in ICOs. IDOs allow projects to raise money by issuing and selling their tokens. By providing investors with the option to buy tokens directly from their wallets, IDOs offer security, community engagement and transparency. IDOs whitelisting procedure helps to reduce the chances of fraud or money laundering by authorizing and screening prospective investors ahead of actual offerings.

These whitelisting procedures also ensure that the token holders can play a major role in the project’s expansion by being actively involved. Since IDOs can analyze the demand and market projection, these prove to be a great tool for testing the market saturation before a project develops further.

Best Crypto IDOs for 2023

  1. Tenet
  2. DogonSwap
  3. $FIX
  4. MTHUB
  5. War Legends
  6. Lasmeta
  7. Wow casino
  8. Another-1
  9. RenQ
  10. Kaif (KAF)

A Layer-1 ecosystem for LSDs , TENET focuses on increasing yields steadily and releasing liquidity. Tenet DEX, the native exchange offers substantial liquidity for staked LSDs. The idea behind the primary technology is to enhance the pillars of DeFi structure i.e. simplicity, liquidity, and security. It is one of the most sophisticated DeFi blockchains ever created with the integration of several distinctive features. It is also the only EVM layer-1 functioning on Cosmos. 

Launch Date May 11, 2023
End Date May 21, 2023
Platform  DAO Maker 
Features
  • TENET focuses on increasing yields steadily and releasing liquidity.
  • The idea behind the primary technology is to enhance the pillars of DeFi structure.

DogonSwap is a top-tier DEX and AMM on Binance Smart Chain. This IDO at 0.16% not only offers one of the lowest trading fees but also offers fee rebates through trade mining. It was built to overcome the liquidity challenges.

The core features of DogonSwap include NFTs, metaverse, launchpad, farming, trading, and pooling. The most lucrative apr NFT staking pools and the NFT Marketplace are supported by DogonSwap. DogonSwap supports several other projects to list coins. Transparency and security of all the processes are managed by the DogonSwap community.  It supports pools with set APR and minimal risk.

IDO start date  Apr 25, 2023
IDO end date  May 25, 2023
Lauchpad DogonSwap
Features
  • It was built to overcome the liquidity challenges. 
  • DogonSwap supports several other projects to list coins.

Finamatrix is able to access CAO at cost and employ money to assure reliable price discovery of $FIX, through the shareholdings of our international energy partners.

AMM technology will be used starting on March 31, 2022, to permanently record CAO prices on the public blockchain. Each month, $FIX will be delivered from the issuer to the recipient with a transaction volume equal to the CAO price per MT, which fits the description attachment.

This is the foundational value for $FIX and market value (MV), or capitalization, and it is a cryptographically validated ledger where prices cannot be changed. The ex-ante (ahead of the event) demand for CAO is represented by the currency $FIX.

IDO start date  Jan 15, 2023
IDO end date  Jun 16, 2023
Lauchpad Crypto.com
Features
  • Finamatrix is able to access CAO at cost and employ money to assure reliable price discovery of $FIX.
  • The pricing on this crypto-verified ledger cannot be changed.

MTHUB is an online trading platform that lets users manage capital from other businesses and mimic the trades of successful traders. Additionally, MTHUB uses platform technology to operate as the White Label, providing its strategic and regional partners with a way to function under their own brands.

IDO start date  Jan 16, 2023
IDO end date  June 26, 2023
Launchpad TruePNL
Features
  • They operate as White Label.
  • online trading platform that lets users manage capital from other businesses and mimic the trades of successful traders.

A Play-to-Earn (P2E) game with a military theme called War Legends was created on top of blockchain technology. It has non-fungible tokens (NFTs) as well as other Play-to-Earn (P2E) features.

The Normandy, East Front, North Africa Campaign, and Pacific campaigns, among others, are just a few of the most well-known conflicts from World War 2 that any player can engage in.

IDO start date  June 10, 2023
IDO end date  June 11, 2023
Launchpad spores network
Features
  • It is a Play-to-Earn (P2E) game with a military theme.
  • It has non-fungible tokens (NFTs) as well.

LasMeta is a play-to-earn virtual reality poker game platform created using Unreal Engine 5 and powered on the Ethereum Blockchain. Players will be able to interact by making purchases on the Marketplace on the site, where playing the games is entirely free. Users must complete KYC verification in order to play games on the platform, despite the fact that it is not a gambling platform. The LasMeta Gaming Platform uses the governance and utility token $LASM.

IDO start date  June 10, 2023
IDO end date  TBA
Lauchpad TruePNL
Features
  • LasMeta is a play-to-earn virtual reality poker game platform
  • It is created using Unreal Engine 5 and powered on the Ethereum Blockchain.

Using Klaytn blockchain technology, the WOW virtual casino and arcade uses the ISKRA platform. Gain levels of experience and Chips by playing slot machines with various themes. Earn WOW Tokens by taking part in tournament games like Whack-a-Piggy and Rock-Paper-Scissors.

IDO start date  May 31, 2023
IDO end date  July 12, 2023
Launchpad iskra
Features
  • It uses Klaytn blockchain technology.
  • Gain levels of experience and Chips by playing slot machines with various themes.

Another-1 is an on-chain Web3 fashion platform where users may design, release, and trade phygital (physical x digital) clothing that is suitable for the metaverse. The initiative provides consumers with a novel method for digitally monetizing and distributing fashion items, together with the choice of physical redemption and immediate liquidity accessible in secondary trade.

Another-1 transforms conventional hype fashion goods into liquid digital investment vehicles, wearable in-game experiences, and tradeable digital representative NFTs through the digitalization of assets.

While engaging brands and design studios (B2B) to generate new opportunities within metaverse platforms and launchpads (B2B2C), Another-1’s value proposition primarily targets fashion consumers, gamers, and retail investors (B2C).

Three modules created by Another-1 are capable of maximizing the potential of physical products in the fashion sector.

IDO start date  May 17, 2023
IDO end date  TBA
Launchpad PEAKDEFI
Features
  • It transforms conventional hype fashion goods into liquid digital investment vehicles, and wearable in-game experiences.
  • Users will be able to design, release, and trade phygital (physical x digital) clothing that is suitable for the metaverse.

RenQ is an innovative multi-chain non-custodial hybrid infrastructure DEX designed to overcome the drawbacks of other decentralized exchanges like sluggish order execution, failed transactions, etc. It combines both on-chain and off-chain components. RenQ Exchange offers its customers a direct trading option through its wallet app, thus enhancing decentralized trading. Renq will also provide institutional, liquid, and slippage-free trading to the DeFi community as opposed to the AMM approach.

IDO start date  Feb 07, 2023
IDO end date  TBA
Launchpad Not mentioned 
Features
  • It aims overcome the drawbacks of other decentralized exchanges like sluggish order execution, failed transactions, etc.
  • It offers its customers a direct trading option through its wallet app.

Kaif is a platform supporting DeSoc ( decentralized society) and is powered by artificial intelligence to help the user develop and monetize data and skills. The AI-powered personal assistant KAIF Digital Twin and the social identification tool KAIF Digital Passport are the platform’s unique tech features.
Built on Ethereum’s Soulbound Tokens (SBT), KAIF Digital Passport is a digital identity that secures and protects user data for signing into any Web3 environment. It maintains personal information, social profiles, skills and experiences. Whereas KAIF Digital Twin leverages information from KAIF Digital Passport to assist users in advancing their personal skills, education, health, and profession.

IDO start date  June 7, 2023
IDO end date  June 7, 2023
Launchpad Poolz finance 
Features
  • It is powered by artificial intelligence to help the user develop and monetize data and skills.
  • It maintains personal information, social profiles, skills and experiences.

How to find the best IDO?

When it comes to finding the best IDO to invest, the task can be quite challenging. However, some factors that can assist in picking the right option are:

  • Transparency: In the world of cryptocurrency, transparency plays a significant role. Investors and consumers expect the project they are investing in to be transparent as as possible. Several public blockchains hosting IDOs maintain transparency by allowing anyone with an internet connection to access them. In fact, some project developers disclose the source code to maintain transparency. While others ensure that their team’s communication channels are constantly available for queries and information exchange. 
  • Utility: A project’s core value lies in its utility. A project needs to be efficient enough to handle issues and offer genuine value to its consumers. 
  • Potential investors: Project investment from well-known individuals or businesses indicates that the project is efficient enough to attract potential investors and is strategizing on the right track. 
  • Whitepaper: To understand the objectives and workings of a crypto project, it is crucial to read the whitepaper for that project. A Whitepaper describes the project’s defined objectives, tokenomics and how it achieves its objectives. However, these days some projects offer brief versions of these papers. 

Are IDOs profitable?

It is difficult to predict whether an investment will bring profit or loss. However, each IDO is unique and the following factors can assist in picking the best option:

  • Early bird benefits: By making an investment in a project before mass investment can help you rope-in great deals for your assets. IDOs can prove to be tremendously profitable depending on the demand of the token after its launch. IDOs allow investors to grab tokens practically before everyone else, thus increasing the chances of profit making for the early birds. 
  • Cost-effective: Investing in a project in its infancy is one of the best ways to earn with cryptocurrencies. IDOs are often kept at a lower cost than the anticipated trade of the token in order to reward early adopters. IDOs offer exposure to a project at its most affordable price, which is also close to its earliest possible stage. 
  • Easy Access: IDOs are more easily accessible to the general public than ICOs because they don’t require frequent or high-volume investors. Since IDOs gain from greater liquidity, they offer less limits to their cryptocurrencies thus, providing more flexibility to investors with initial DEX offerings. Anyone who is familiar with the functioning of DEX and cryptocurrency can participate in IDO.

Conclusion

IDOs mentioned above are some of the most promising ones and have great financial potential. But before making any form of investment it is crucial to do a thorough research as the cryptocurrency market is highly volatile. It is important to think about a project’s long-term potential before investing in it. As per the aforementioned links, you will find the best upcoming crypto IDOs to invest.

Frequently Asked Questions (FAQs)

IDO offers enhanced security and transparency to the investors by allowing them to make transactions directly from their wallet. However, ICO necessitates sending money to a smart contract managed by token selling entities, thus making the investors more vulnerable to frauds.

Any form of investment comes with its own rewards and risks. And the same goes for IDOs as well. Also, because of market instability, the prices of cryptocurrency keep fluctuating. IDOs are often conducted by projects in their early stages as they have higher risks associated with them than the projects already established in the market. But early stage investment can bring long-term benefits too. Conducting a deep market research as well as the project you are interested in, can help you make a better investment choice.



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