Initial coin offerings, most commonly referred to as ICOs, present an opportunity for savvy investors to gain exposure to potentially profitable projects before the hype sets in. We’ve identified a number of ICOs taking launching before 2024 ends. Here are five projects to have on your radar.
Why invest in ICOs?
The cryptocurrency landscape is licking its wounds and gradually recuperating from the high-profile failures — including Terra Luna, FTX, and Genesis — that characterized the end of 2022 and much of 2023. But this recovery phase is shaping a new path for the industry as the grip of the bear market finally eases. For many, optimism is slowly growing, with experts foreseeing the next surge in crypto — a potential bull run — in 2024 or early 2025.
A pivotal event in this anticipated shift is the bitcoin halving scheduled for April 2024, an event historically known to influence market dynamics significantly. As bitcoin often paves the way for altcoin trends, this period is considered by many to be a critical juncture with the potential to determine the market’s future.
Current low prices in altcoins present what may be one of the final windows to leverage these lower valuations. But what about new tokens on the scene? We’ve compiled a list of some of the most intriguing-looking upcoming ICOs:
An ICO is the process by which you fund the development of open-source software built to use your token.
Eric Wall, software engineer: X (Twitter)
Shiba Memu
The memecoin market has experienced a breakout in recent years, growing from practically nothing in 2020 to a value of over $20 billion in early 2022. The newest competitor in the memecoin market is Shiba Memu.
Shiba Memu stands out in the memecoin arena, not just for its catchy name but for its groundbreaking approach to marketing. Unlike typical memecoins reliant on extensive human-led efforts, Shiba Memu harnesses AI for its promotional strategies.
This AI-driven approach means Shiba Memu continuously evolves, learning from successful tactics and autonomously crafting and executing its marketing initiatives.
Adding to its appeal is the user-interactive AI dashboard. This feature allows users not only to track and analyze the AI’s marketing campaigns but also to engage directly by providing feedback and suggestions.
In a novel twist, contributions that positively impact the token’s trajectory are rewarded with SHIMU tokens, creating a dynamic community-driven ecosystem.
Shiba Memu stands out among memecoins by offering practical utility on its platform. It harnesses AI technology, automating time-consuming marketing tasks and generating content, distinguishing itself from other memecoins that may not offer much long-term value when initial hype fades.
This AI-driven approach allows Shiba Memu to continuously learn and adapt, potentially making it a more sustainable investment option compared to other more volatile memecoins. Additionally, Shiba Memu incentivizes community involvement through a staking program.
Users who stake tokens can contribute ideas for tools, websites, and other resources to enhance the token’s marketing and visibility. If these suggestions are implemented, contributors are rewarded with additional Shiba Memu tokens.
Leading the team is Artem Chebotar, who holds the position of Lead Developer. Artem brings to the table over five years of professional web development experience. Artem’s educational background in Computer Systems Engineering and Technologies. Complementing Artem’s skills is Serhii Shurshyn, another key member of the Shiba Memu development team.
The Shiba Memu project operates with an ERC-20 token, which is central to its ecosystem. The total supply of Shiba Memu tokens is fixed at 1 billion, with a distribution strategy aimed at establishing a community-driven approach. Of this total supply, 85% is designated for presale, a move intended to cultivate an engaged initial user base.
Furthermore, 10% of the tokens are set aside for purposes including ensuring liquidity, facilitating exchange listings, and providing rewards for community involvement. This allocation strategy is designed to promote the token’s accessibility on various trading platforms and to encourage active participation within the Shiba Memu community.
The final 5% of the total token supply is held by the Shiba Memu development team. This portion is allocated for the continued development and support of the token, with an aim to maintain and enhance its utility and value in the market.
• Natural Language Processing (NLP): Utilizes AI algorithms to analyze social media, forums, and online communities, extracting discussions and topics pertinent to Shiba Memu for targeted marketing campaigns and investor engagement.
• Sentiment analysis: Employs AI to gauge sentiment in social media posts and forums concerning Shiba Memu, identifying positive or negative perceptions. This aids in refining marketing strategies to address potential concerns of current or prospective token holders.
• Image and video recognition: AI technology identifies and tracks the use of Shiba Memu’s branding, like logos, across digital platforms. This enhances the AI’s ability to monitor brand presence and fine-tune marketing approaches.
• Predictive analytics: Analyzes past data and market trends to forecast future market behaviors and trends, guiding Shiba Memu in spotting market opportunities and adjusting its marketing strategies for better alignment with predicted trends.
• Personalization: The AI system tailors Shiba Memu’s marketing messages based on individual user behaviors, preferences, and related data, optimizing engagement and conversion rates through personalized automated marketing efforts.
AltSignals
AltSignals, established in late 2017 by a team of internet entrepreneurs and trading analysts, is a platform focused on cryptocurrency trading signals. It emphasizes education and informed trading, guiding clients in technical and fundamental analysis, and assisting in trade placements .
Distinguishing itself as a leader in crypto signals, AltSignals offers comprehensive, cost-effective packages encompassing analysis, signals, and portfolio management.
AltSignals is enhancing its trading capabilities with the ActualizeAI layer, designed to constantly scan markets for real-time insights using advanced natural language processing and machine learning.
This aligns perfectly with the growing AI trend in 2023, leveraging technologies like ChatGPT to transform trading. Purchasing 50,000 tokens offers free access to AltAlgo signals and lifetime membership to ActualizeAI, launching in 2023. Established in 2017, AltSignals boasts over 50,000 subscribers and a high Trustpilot rating.
ASI token holders gain access to the AI Members Club, contributing to testing and early access to new features. Furthermore, a three to five year buyback and burn plan for ASI tokens aims to create a deflationary effect and enhance token value.
AltSignals team was founded by a group of traders and entrepreneurs. Led by Rod, the CEO since 2018, key members include Bartos (MrCode), the head Pine Script developer since 2021, who oversees code and scripts while also engaging in marketing and customer support.
JC, part of the team since 2021, manages AltAlgo channels and technical support, along with side projects and video documentation. Jordan, the head financial contact since 2020, is pivotal in customer service and administrative roles.
AltSignals has set a total supply of 5 million tokens, with 58% earmarked for its presale. A significant portion, 16% or 80 million tokens, is allocated to product development and the AI members club. Another 10% (50 million tokens) is dedicated to providing liquidity on decentralized exchanges.
Additionally, 16% (80 million tokens) will be utilized for marketing and listing on centralized exchanges. These token purchases also grant membership to the AltSignals AI Ecosystem (ActualizeAI), aimed at enhancing trading indicator accuracy.
Furthermore, buying 50,000 tokens offers free access to AltAlgo signals and a lifetime membership to the forthcoming ActualizeAI product, launching in 2023.
• Machine learning: Utilizes regressive pattern recognition to understand market dynamics and generate signals based on rules-based logic.
• Predictive modeling: Involves testing predictive models using historical data to foresee market trends.
• Natural language processing (NLP): Implements custom models that build on machine and predictive learning to accelerate learning cycles.
• Sentiment analysis: Analyzes general sentiment for a range of assets including digital, forex, and traditional securities for accurate market predictions.
• Reinforcement learning: Focuses on understanding the risk-to-reward ratios in various trading scenarios, including futures, spot, options, and leveraged trades.
Bitago
Bitago is a mobile app designed to integrate cryptocurrency into everyday shopping experiences. The primary use case of Bitago is to offer cryptocurrency as rewards for purchases. The exclusive $XBIT token functions as the platform’s controlling element.
By including the $XBIT token and NFTs, the software seeks to make it easier for users to accumulate cryptocurrency as part of their regular activities.
This application empowers consumers to earn cryptocurrency as shopping rewards, making it a pioneering bridge between the retail world and the burgeoning crypto economy.
By intertwining the use of $XBIT tokens and NFTs within the app, Bitago is transitioning the conventional web2 shopping experience into the more dynamic and decentralized web3 domain.
The platform offers a range of activities — from shopping at a variety of partnered brands, completing tasks, viewing advertisements, to participating in $XBIT staking — through which users can accrue cryptocurrency, NFTs, and other rewards.
With a network of over 1,000 online and offline brands, Bitago offers a wide array of choices for users to earn cryptocurrency cashback.
Leading thie Bitago team is Petar Hristov, the CEO of Bitago ($XBIT), who has15 years of IT experience. The CTO of Bitago is Dionis Markov. In the realm of business development, Vasilije Mostrokol stands out as the Chief Business Development Officer. Lastly, Iqshant L, a seasoned trader and investor. He is the founder of Cryptera and serves as an advisor at Bitago.
Bitago’s funding model and token distribution involve several innovative strategies to generate revenue and sustain the project. The $XBIT token, a non-mintable ERC-20 token with a total supply of 200 million, serves as Bitago’s governance token.
Meanwhile, the $BIT token is a mintable ERC-20 token with an unlimited supply, functioning as the utility token of Bitago. The launch of $XBIT is structured in four stages: Seed, Private, Strategic, and Public (IDO), with specific token allocations for each stage:
• Seed Stage: 10,000,000 $XBIT tokens
• Private Stage: 10,000,000 $XBIT tokens
• Strategic Stage: 14,000,000 $XBIT tokens
• Public Stage (IDO): 4,000,000 $XBIT tokens
To enhance security and prevent potential hacks, a proof of liquidity (position) will be burned.
• Arbitrum Network: By operating on Arbitrum, Bitago benefits from increased scalability and reduced gas fees.
• ERC-20 token:The platform’s flagship asset, the $XBIT token, is central to its ecosystem. This proprietary token not only serves as a governance tool but also facilitates the accumulation of cryptocurrency in users’ daily routines.
• In-app advertising and offers: The platform generates additional revenue through in-app advertisements and sponsored offers. Retailers pay to promote their products or services to Bitago’s user base, using various advertising options like targeted video ads, push notifications, geo-location advertising, and in-store visits.
• Payments: Bitago offers premium memberships with added benefits such as higher cashback rates, fast payouts, exclusive deals, and in-app perks.
Launchpad xyz
Launchpad XYZ stands out in the cryptocurrency domain with its distinctive presale strategies and focus on investor engagement. This platform combines a range of trading functionalities, educational content, and cutting-edge tech innovations.
Besides offering general trading advice, it grants temporary access to alpha calls via its Telegram group. Launchpad XYZ also leverages AI technology to support its users in making well-informed trading decisions.
Launchpad XYZ distinguishes itself with a unique presale approach, offering tiered bonuses and exclusive NFT passes to stimulate early investment and active engagement.
The platform utilizes AI-powered tools like the Apollo chatbot and Launchpad Quotient (LPQ) for in-depth asset analysis and personalized trading strategies. It also prioritizes investor education, providing a wealth of resources and guidance to aid users in making well-informed trading decisions.
Additionally, it features a fast-paced trading terminal catering to various trading experiences. A key aim of Launchpad XYZ is to seamlessly integrate traditional internet technologies (web2) with the decentralized web (web3), positioning it to access a significant potential market and cementing its role in the dynamic cryptocurrency landscape.
Launchpad XYZ’s leadership team is led by CEO Terence Ribaudo, who has over a decade of experience in web3, including work with prominent clients like Nike, Rolls Royce, and the NBA.
COO Alexis Garcia brings a global perspective, having worked with 23 agencies and consultancies across three continents, including Apple and Accenture.
Stephen Baker, the Chief Technical Officer, contributes his extensive experience in product development for globally recognized brands, rounding out a team with diverse expertise and a strong track record in their respective fields.
The funding model for Launchpad XYZ, particularly regarding its LPX token, is structured around a total supply of 1 billion tokens. 25% of the total supply, which equates to 250 million LPX tokens, has been set aside for presale investors.
The remaining 12.5% of the tokens, which amounts to 125 million LPX tokens, has been allocated to the project’s team. 15% will go to user acquisition, 40% will go to developers, and 10% will go to market making.
The LPX token is designed to run on the Ethereum blockchain and follows the ERC-20 standard. It serves as the utility token within the Launchpad XYZ ecosystem, offering various uses and functionalities.
• AI-Powered solutions: Launchpad XYZ incorporates artificial intelligence in various aspects of its platform. This includes AI chatbots like Apollo, which assist in creating custom trading frameworks.
• Trading features: The platform offers a high-speed, high liquidity trading terminal, designed specifically to cater to the needs of modern crypto trading. This is complemented by their DeFi trading terminal, which provides users with tools for analyzing, trading, and investing.
• Launchpad Quotient (LPQ): An advanced feature, the LPQ, uses machine learning and over 400 data points to rank and analyze dynamic digital assets, irrespective of their sector. This tool meticulously scans the crypto market to generate risk-reward scores, aiding investors in making informed decisions.
• Web3 integration: The platform extends its services to various aspects of the Web3 universe, including DeFi trading, NFTs, play-to-earn games, and metaverse exploration.
Plexus
Plexus bills itself as a cross-chain DEX (decentralized exchange) aggregator, with the goal of providing the quickest, cheapest, and most secure multi-step swaps across all blockchain networks and bridges in a single transaction.
Using the Theta algorithm-based Cross-Chain Routing Protocol (CCRP),”Plexus aims to be the leading one-stop DeFi platform for seamless asset trading across several blockchains.
Plexus stands out for its ability to aggregate multiple decentralized exchanges (DEXs). This aggregation enables users to access a wide range of trading pairs and liquidity pools across different blockchain networks, all from a single platform.
The aggregator streamlines the process for actions like staking across multiple platforms. This reduces the exhaustive process to just a few clicks in a single transaction, thereby reducing the need for multiple transaction. Plexus also offers an auto-compounding feature for staking across multiple platforms.
Incorporating layer-2 solutions like Arbitrum, Plexus enhances transaction speed and efficiency while reducing costs, which is particularly advantageous on networks like Ethereum that can suffer from high gas fees.
Oh, Sangyup Oh is the Founder of PLEXUS. He has extensive expertise working for web3 companies. He was the previous CEO of Hi-Protocol, the former executive project manager of Handy Games, and the former DApp business development manager of MEVerse.
Plexus has outlined its token distribution for a total supply of 500 million PLX tokens. The allocation is diverse, with investors receiving 13% (104 million PLX), which is further divided among seed investors (6%), key opinion leaders (1.5%), and the public (12%). Additionally, liquidity accounts for 2% of the total, and an initial airdrop constitutes 3%.
The ecosystem and marketing are allocated 13% and 9%, respectively. Protocol contributors receive a significant portion, 30.5%, while advisors are allocated 4%, and the team receives 19%
• Cross-chain aggregator: Plexus operates as an aggregator, enabling trading across multiple decentralized exchanges, including prominent ones like Uniswap.
• Bridging: The platform aggregates bridges to route and find the best options for liquidity. These services utilize other platforms like Multichain brdige, Polygons PoS, and cBridge.
• Cross-blockchain compatibility: Plexus facilitates transactions across all blockchain networks and bridges, ensuring a wide reach and inclusivity of various blockchain assets, including integration with Arbitrum, a layer-2 scaling solution for Ethereum.
Factors influencing ICO selection
Selecting the top ICOs isn’t the same as selecting tokens that have already launched. You don’t have the charts, the DApps, or even the smart contracts to test and see if the investment will be viable. You must exercise some level of fundamental analysis.
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This can be difficult when analyzing various projects. For example, memecoins without any ascertained roadmap or utility might shoot in value initially and generate early holders some serious profits — just consider the success of PEPE in May/June 2023. However, many of these “memecoins” can actually be scams, specifically, pump-and-dump schemes — and it can be difficult to tell.
However, there are a few strategies you can use to separate projects.
Firstly, you should always check and see who is behind the project. Do they have a track record of notable work or relevant experience? Are they visible? If so, in the event of a rug pull, you would likely have legal recourse. You should also look out for ICO whitepapers or proof of concepts. These can often help inform as to whether the project is a serious endeavor or not.
Audits (code and financial audits if necessary) will give you some assurance about a project, following the proof of concept, of course. You always want to ensure that both the project works and the token contracts for the ICO are safe.
Last but certainly not least, look at the token allocation. You should always check to see if an ICO project has institutional investors, how much of the token supply they hold, if and how much the team holds, and whether there is a lockup period. In the event someone attempts to exit their position, they could possibly dump the token price.
An ICO is the process by which you fund the development of open-source software built to use your token.
Eric Wall, software engineer
Top ICOs offer opportunities to beat the hype
With crypto, if you’re early, then you’re on time. Looking for top ICOs gives you an opportunity to ape into potentially profitable projects before future hype ensues. Participating in an ICO towards the end of 2024 could potentially allow you to get in early before the supply is limited, before the bull market, and before the price rises.
Many people are waiting on the sidelines for the return of a bull market. Yet, often, people will not buy into projects or tokens until they are already appreciating in value. Getting in early is the key. However, caution is crucial, particularly when investing in early-stage projects. Always DYOR, and never invest more than you can comfortably afford to lose.
Frequently asked questions
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