A crypto IDO, which stands for Initial DEX Offering, is the practice of selling new crypto tokens by hosting them on decentralized exchanges (DEXes). First seen as early as 2013, IDOs are an increasingly popular way of raising funds for the further development of crypto projects, especially as centralized platforms fell out of favor among investors in 2024.
IDO cryptos are a profitable way of getting your hands on the tokens of new crypto projects that might have the potential to boom in the future. However, choosing the right one is not as easy as it may sound.
The crypto industry has been the hottest topic ever since it came into the limelight, and many new crypto projects are released every now and then. In this guide we compare the top IDO crypto projects – and with every IDO crypto listing, we review what the project offers and its future potential.
Upcoming Crypto IDOs – Top List
Here’s a brief look at the best crypto IDOs of this year. You can find a detailed view of each IDO right after this section.
- Pepe Unchained – Upcoming IDO Project With a Growing Community
- Crypto All-Stars – Meme Coin IDO Paying Homage to Top Meme Assets
- The Meme Games – Gaming IDO Blending Olympics with Memes
- Shiba Shootout – Cowboy-Themed IDO with Many Features
- Base Dawgz – Multi-Chain Memecoin Crypto IDO Gaining Popularity
- Mega Dice – Popular Casino Ecosystem Introducing its Own Token
A Detailed Look at the Best IDO Crypto Projects
We’ve explored the following top IDO cryptos in detail to bring you this comprehensive guide, including their goals and future potential:
Pepe Unchained – Upcoming IDO Project With a Growing Community
IDOs can often be profitable, but they usually end up being more worthwhile if the project in question is speculated by a huge community to blow up. Pepe Unchained, a brand new project in the memecoin space, seems to be the top pick among investors when it comes to high-potential projects. Currently still in its presale phase, the project seems to be growing in popularity within the memecoin space, especially among the Pepe community.
Pepe was launched in 2023 and has since become one of the biggest memecoins in the space with a massive community. Pepe Unchained, on the other hand, is less than 2 weeks old and has been launched with the idea of being an enhanced version of Pepe. Naturally, there have been mixed reactions, but most of it seems to be positive since investors are excited about there being a high-potential Pepe-themed project being added to the ecosystem.
Pepe Unchained follows a theme where the project mascot is shown as chained to his old and rusty blockchain. Then eventually, he manages to free himself and adopt Layer 2 technology, essentially enhancing the ecosystem as a whole. With Layer 2 technology, Pepe Unchained manages to create a space where transactions are faster, inexpensive, and offer instant bridging between ETH and Pepe Unchained. The project will also boast its own blockchain explorer—something which investors have appreciated widely across social media.
Currently priced at around $0.008, the token is likely to see a massive surge in value when it launches on decentralized exchanges, given its current demand. So if one is looking to park funds into the PEPU token, then right now may be the best time to do it.
Crypto All-Stars – Meme Coin IDO Paying Homage to Top Meme Assets
Bringing the top meme coins together through a staking utility is the latest IDO known as Crypto All-Stars. This project encompasses all the positive traits of the meme coin ecosystem – good memes, interesting artwork, and a use case that could potentially give it long-term upside.
The staking perk of this meme coin project is different from the standard presale staking, even though that’s still present. Here, Crypto All-Stars has conceptualized a MemeVault, a unique staking interface that lets top meme assets such as Dogecoin, Pepe, and others be staked and generate APY rewards in terms of STARS tokens.
This unique factor could weave the community together through profit, while providing a long-term upside since how STARS performs will then directly depend on how the community perceives major meme coins on the market.
The IDO has arrived as a 50-staged presale, giving investors ample time to participate. However, considering that over $350k has been raised already, the presale will likely conclude before the beginning of the fourth quarter of 2024. Therefore, those interested should consider acting now.
The Meme Games – Gaming IDO Blending Olympics with Memes
Blending the best sporting event of this year and creating a robust ecosystem that combines the best meme characters is what The Meme Games has accomplished. This new IDO crypto has taken the degen community by storm through its unique gaming fundamentals that begin as soon as people start investing in its presale.
There are five meme characters that act as athletes inside this ecosystem. As you invest in the presale, you are given a choice to pick and support one. They then start sprinting inside a virtual ecosystem to win the race. If they do, as their supporter, you get an additional 25% bonus.
This act of blending the gaming perks in the presale itself makes The Meme Games not just an IDO, but a presale experience. The end date of the presale has already been set and the listing will happen on September 10th, 2024 on a DEX. Therefore, those interested in this race should check it out by visiting memegamestoken.com.
Shiba Shootout – Cowboy-Themed IDO with Many Features
Shiba Shootout is a multi-utility asset and one of the best IDOs this year. It has a total supply of 2.2 billion tokens, out of which it has offered 35% to the presale. While it may appear that this project has some centralized designs, in reality, it is a community-based crypto ecosystem designed to capitalize on the popularity of Shiba Inu memes and cowboy themes.
The project has massive viral potential, being a dog-themed token. But its true value is seen in its host of perks that focus on bringing the community together through investment and meme-based stories, staking, saving, and gaming.
Such factors have allowed it to raise more than $500k so far. Investors are still lining up to invest in this project as we speak. More use cases may emerge, and the project may evolve even further. For now, it is prudent to keep tabs on this IDO, as it will likely explode once it goes live on the price charts.
Investors interested in this promising project should visit shibashootout.com to participate.
Base Dawgz – Multi-Chain Memecoin Crypto IDO Gaining Popularity
Base Dawgz, with the token ticker DAWGZ, is an exciting new project in the memecoin space designed for adventurous and innovative investors. Positioned on Base Chain, DAWGZ offers a unique multi-chain experience by also trading on Ethereum (ETH), Solana (SOL), Binance Smart Chain (BSC), and Avalanche (AVAX), ensuring seamless interoperability across these blockchains. This project stands out with its bold, energetic, and adventurous communication style, inspired by the thrill of base jumping.
A key aspect of Base Dawgz is its focus on building a vibrant, community-centric ecosystem. One attractive feature for early presale investors is the high APY yields offered through staking, currently limited to Ethereum chain buyers. This provides a lucrative opportunity for passive income and incentivizes early investment, promoting a solid foundation for growth.
Its referral program also allows investors to earn 10% in USDT from purchases made through their unique referral links, leveraging word-of-mouth marketing to expand the community.
The project is well-audited and has interoperability as its main use case, along with an exciting theme to go with it. Keeping in mind the historic success of projects like this, it may be fair to assume that the DAWGZ IDO may also be a wild success, making it a great option to consider investing in right now.
Mega Dice – Popular Casino Ecosystem Introducing its Own Token
Mega Dice is currently one of the most popular names in the crypto casino space, having recently launched its native token, DICE, which is still in its presale phase. The crypto token is already being touted by many as a top gainer, especially amidst the recent boom surrounding crypto casinos. The DICE token is designed to govern an ecosystem offering over 4000 games from top providers, along with 50+ sports and esports betting options.
With over $50 million in monthly wagering and more than 50,000 players, the platform has already gained significant traction and is widely embraced. The token is speculated to be successful due to this established track record, suggesting that the project’s massive and successful launch could translate into success for the token as well.
DICE token holders will have the opportunity to receive NFTs and early bird bonuses simply by participating in the IDO. Additionally, the token will create a daily rewards system where a portion of the casino’s winnings will be distributed among the players. With staking options and a complete security audit already conducted, the DICE token presents an excellent IDO opportunity for investors seeking to invest in a high-potential token with a ready product that is already being utilized by its audience.
What is a Crypto IDO?
Understanding an IDO is as crucial as knowing the best crypto IDO platform. As we’ve already discussed the best IDO crypto platforms, let’s move ahead with what a crypto IDO is.
IDO or Initial DEX Offering is a crowdfunding method where the new crypto token or coins gets introduced on the DEX (decentralized exchanges) to raise capital. The funds will further be used in the development or marketing side of things for the project.
IDOs allow people to buy the tokens at a relatively lower price before they are listed on the centralized exchange platforms like Coinbase or Binance.
How Does a Crypto IDO Work?
The working of a crypto IDO is quite straightforward. Firstly, a fixed number of tokens will be allotted on the platform at a fixed value. Users will then lock the funds in return for their tokens and get them during the token generation event (TGE).
Usually, the tokens get locked up for a shorter period; this entirely depends on one project to another and typically lasts for months.
The IDOs are available or accessed with the help of decentralized exchange launchpads such as TrustPad. These fundraising platforms are specifically designed for early-stage investors that promise safety and temporarily maintain the raised funds.
IDO VS ICO
IDO and ICO may appear similar, but they certainly aren’t. Here’s how you can differentiate between them.
ICO stands for Initial Coin Offering. This is also a fundraising technique where a company willing to raise funds to build an app or coin can do it by launching an ICO.
Unlike IDO, the fundraising gets conducted by the project that is launching the ICO, i.e., the company itself.
When it comes to the ICOs, they offer a greater number of tokens for lesser money and are usually private and seek investors with larger capital. Also, the investors must wait for a listing on an exchange to then buy cryptocurrency tokens they are interested in, as they are not immediately available with ICOs.
Here are a few notable benefits of IDOs over ICOs one must consider:
- Lockup period— There are no lockup periods when it comes to IDOs, and instant tradings can be done, whereas ICOs come with a vesting time that may last up to months
- Liquidity— There’s enough liquidity with IDOs that allows for trading immediately as they are listed on exchanges
- Listings— IDOs tend to save a lot of raised funds as they get listed on the decentralized exchange and do not have to spend on exchange listing like ICOs, which later cost hefty amounts
How to Find the Top New Crypto IDOs
Looking for the best IDO crypto can be a daunting task. However, the following are a few things that you can look after while seeking the best IDO crypto:
- Utility – This is one of the most critical factors that one must consider while choosing the IDO crypto. A project must solve a problem and provide additional value that existing projects aren’t offering.
- Investors – It’s always good to keep an eye on whether famous personalities or organizations have shown interest in an ICO. Mainly because well-known investors involved in any project indicate that the project may lead to future success.
- Whitepaper – This one may come out as pretty obvious, but it can be an effective way of leading to the right crypto IDO. Every project comes with a whitepaper that demonstrates how the project works.
Leave behind any crypto IDO projects that don’t have a clear strategy for achieving their objectives. However, a project that clearly explains its working, strategies, and tokenomics may have high potential.
Are IDO Cryptos a Good Investment?
Defining IDO cryptos as good or bad investments might not be the right way as every IDO crypto is distinctive and brings different values onto the table.
Below are a few reasons why IDO cryptos are a good choice:
Low Cost
Usually, the IDO crypto tokens get traded at a relatively lower price as a gesture to reward the investors. This is one of the best ways of making money from crypto in an early-stage project.
However, it’s advised to DYOR (Do Your Own Research) before investing and acknowledge that the token’s price can even fall below its initial IDO value. Also see our guide to the best cheap cryptos.
First Mover Advantage
Often participating in a crypto IDO rewards you if you are one of its early investors. You can acquire the asset at a fairly lower price, which can be lucrative in the coming future.
But, this will only happen if the demand for the asset shoots up following its launch. Things can go down the hill if there is no demand.
Accessibility
IDOs are much more accessible when compared with ICOs. They open the doors for a common person to invest in the projects; even the basic knowledge around crypto and how DEX works would be enough to get started.
Conclusion
The above-listed IDOs are some of the most promising projects that may even turn out to be more profitable in the coming times. However, it’s always safe and recommended to conduct research about a project before investing, as the prices may fluctuate.
Our top IDO pick is Pepe Unchained, thanks to its unique concept.
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FAQs on Crypto IDO Projects
What is an IDO in Crypto?
IDO is short for Initial Dex Offering. It comes when the asset becomes available on the DEX for the first time.
Is it wise to Invest in IDO?
Any crypto asset has investment risks. However, IDOs can be a great investment, depending on your needs.
How to get IDO?
You can browse IDOs through TrustPad, or gain awareness of them through social media platforms.
What are the best crypto IDOs this year?
The assets we have listed include some of the most promising IDOs set to take place on DEX platforms this year. The IDO that we are the most bullish on is Pepe Unchained, which could be due for massive gains in the upcoming months.
