Initial coin offerings (ICO) are one of the most popular ways to invest in new cryptocurrencies. After all, ICOs enable investors to buy into a project before it launches to the public – so preferential pricing is usually offered.
Not all ICOs represent a viable investment, so it’s important to conduct plenty of due diligence. This guide reveals 10 upcoming ICOs that investors should consider today. Read on to discover the next 100x ICO for 2024.
List of the 10 Best Upcoming ICOs to Invest in Today
Our research found that the upcoming ICOs listed below have solid growth potential:
- Sponge V2 (SPONGEV2): An already successful meme coin entering its second presale as it bridges from V1 to V2. Sponge saw 100x on its first time round, is already listed on top exchanges, such as Gate, MEXC, Bitget, and Poloniex, and has a loyal community.
- Bitcoin Minetrix (BTCMTX): Brand-new stake-to-mine concept offering an affordable and energy-efficient way to mine Bitcoin. After buying BTCMTX tokens, they can be staked for credits and then converted to Bitcoin mining power. Bitcoin Minetrix doesn’t require users to buy expensive mining rigs or enter into long contract agreements. More than $3.6 million in ICO funding has been secured so far.
- Meme Kombat (MK): Innovative project that combines gamification with artificial intelligence. Meme Kombat is a battle arena game that enables users to gamble pre-match and in-play. Popular meme characters like Pepe, Shiba, FLOKI, and Doge will compete in an interactive and transparent battle environment. The Meme Kombat ICO is selling MK tokens at just $0.183 each.
- eTukTuk (TUK): Revolutionary ICO project spearheading the EV transition in developing countries. eTukTuk builds electric tuk-tuk vehicles, offering drivers a cleaner and more cost-effective alternative to combustion engines. Operating on the BNB Chain, TUK is the ecosystem token that’s currently being sold to ICO investors. Just $200,000 has been raised so far, you can still secure the lowest entry price.
- Scorpion Casino (SCORP): Regulated gambling platform building a crypto-centric casino and sportsbook. Players can gamble anonymously and earn passive casino rewards when staking SCORP tokens. Scorpion Casino has developed smart contracts that buy SCORP from public exchanges, reducing its supply over time. This ICO is offering a huge 138% upside based on current prices.
- Patex (PATEX): Developing a layer 2 blockchain solution for Latin America, Patex is bringing decentralized payments to over 670 million people. It’s also building a user-friendly wallet that will enable people to send, receive, and store tokens. PATEX tokens will be launched to ICO investors later in November, with a specific date due to be announced.
- ApeMax (APEMAX): Trending ICO with over $1.3 million raised from investors so far. ApeMax is building a staking platform that will support multiple PoS tokens, including its own. The ApeMax ICO increases the cost price every 24 hours, incentivizing investors to get in early. Currently, APEMAX is selling for $0.0003133 per token.
- 3VERSE (VERS): This project has launched a browser-based play-to-earn game with tokenized rewards. All in-game assets are backed by NFTs, ensuring players own their virtual items. Although the 3VERSE game is already live, its ICO will commence later in November. The total supply is 100 million VERS, and 24% will be sold during the ICO.
- Bitgain (BGN): Newly founded project building metaverse adventures and experiences. Bitgain is supported by AI, ensuring that metaverse transactions are conducted safely. It will host third-party decentralized applications, and developers will be rewarded in BGN for their input. The Bitgain ICO has just launched, offering a 257% upside for current investors.
- Propbase (PROPS): Investors looking for exposure to real estate might consider the Propbase ICO. This project is tokenizing properties in the ASEAN region, allowing people to invest from just $100. Its property sourcing team is aiming for rental annual yields of at least 8% and appreciation gains of 5-6%. The Propbase ICO is live.
A Closer Look at the Best Upcoming Crypto ICOs
The 10 projects on the above upcoming ICO list will now be analyzed in great detail. We cover everything that investors need to know. In addition to ICO details, we also explore the project concept, token use cases, market capitalization, and other important metrics.
1. Sponge V2 (SPONGEV2): Second Chance to Get in With a Meme coin at Presale That has Already Pumped 100x Once
The Sponge meme coin presale is our top pick for ICOs to invest in right now. Early investors in Sponge’s first release, back in May 2023, saw 100x as Sponge went from having a market cap under $1m to almost broaching the $100m market cap market.
After Sponge’s initial success—including listings on top exchanges like Gate, MEXC, Bitget, and Poloniex—the team created a new roadmap for Sponge, complete with whitepaper, that is initiated by bridging V1 of SPONGE to a V2 of SPONGE, and involves the creation of a play-to-earn game, Sponge Racer. Token bridging is being done through a unique, stake-to-bridge mechanism that also incorporates a presale for those who don’t hold SPONGEV1.
Participation in the presale requires purchasing SPONGEV1 tokens through the portal on the Sponge website. These are then automatically locked V1 staking module, where the user is assigned an equal number of $SPONGEV2. These are automatically staked to start earning a variable APY.
Holders of SPONGEV1 need only to stake their tokens to the SPONGEV1 staking module to get their tokens swapped over and to start earning the same APY. Because the tokens are live as well as on presale, the presale token price will always match the current price of SPONGEV1 on exchanges.
Those who take advantage of the steps above will also earn passive income through staking rewards on their staked SPONGEV1 for the next 4 years.
Sponge has a large, passionate, and welcoming community that can be found on Twitter, Discord, and Telegram.
| Total Tokens | 150 Billion |
| Tokens Available in ICO | N/A |
| Blockchain | Ethereum Network |
| Token type | ERC-20 |
| Minimum Purchase | None |
| Purchase With | USDT, ETH, Credit/Debit Card |
2. Bitcoin Minetrix (BTCMTX): Stake-to-Earn Framework Allowing Anyone to Mine Bitcoin Remotely [Over $3.6 Million in ICO Funding]
Next up is Bitcoin Minetrix, which could be one of the hottest ICOs of the year. So far, the Bitcoin Minetrix ICO has raised over $3.6 million. We discovered that most investors are bullish on its proprietary concept; stake-to-mine. In simple terms, Bitcoin Minetrix enables users to mine Bitcoin tokens remotely.
There are no upfront investment requirements, such as mining rigs or contracts. The only requirement is that users stake their BTCMTX tokens. Thereon, users passively earn credits, which can be cashed out for Bitcoin mining power at any time. This offers an energy-efficient and cost-effective way to mine Bitcoin.
Most importantly, Bitcoin Minetrix doesn’t have long-term contracts. Nor is there a requirement to trust Bitcoin Minetrix; it operates a decentralized framework. After consuming their mining power, users can cash out their Bitcoin rewards at any time. However, it’s important to note that the stake-to-mine concept is still new, so investors should consider the risks before proceeding.
That said, like many upcoming ICOs, Bitcoin Minetrix is offering preferential pricing to early investors. Not only that, but ICO investors can stake their BTCMTX tokens straightaway. The Bitcoin Minetrix ICO is currently priced at $0.0115 per token. This price will increase in 4 days, so investors can still secure an immediate upside.
| Total Tokens | 4 Billion |
| Tokens Available in ICO | 2.8 Billion |
| Blockchain | Ethereum Network |
| Token Type | ERC-20 |
| Minimum Purchase | No Minimum |
| Purchase With | USDT, ETH, BNB, MATIC, Credit Card (KYC) |
3. Meme Kombat (MK): Decentralized Gamification Project With Meme Battles and Gambling Markets
Meme Kombat is another upcoming ICO that has developed an innovative concept. In a nutshell, Meme Kombat is building a ‘battle arena’ for virtual meme characters. This includes everything from Doge and Shiba to SpongBob, FLOKI, and Pepe. Each meme will have in-built characteristics, such as strengths and weaknesses.
Each battle will be contested by two meme characters and gaming outcomes are generated by smart contracts. Meme Kombat notes that AI is also leveraged. This ensures that meme battles are completely random and interactive. Before battles begin, players can place bets on who they think will be victorious.
The only betting currency accepted is MK, which is native to Meme Kombat. Moreover, players need to stake a minimum number of MK tokens before being able to bet. This helps keep the Meme Kombat ecosystem sustainable. Just like a traditional sportsbook, Meme Kombat will also offer in-play betting. Odds will change in real-time based on which meme has the upper hand.
There will also be separate player-vs-player betting opportunities. This will enable friends to wager bets with each other. The Meme Kombat ICO has already raised almost $1.3 million. MK tokens are available today at $0.183 each. ICO prices will increase in under 36 hours, so early investors are incentivized with a generous discount.
| Total Tokens | 120 Million |
| Tokens Available in ICO | 60 Million |
| Blockchain | Ethereum Network |
| Token type | ERC-20 |
| Minimum Purchase | $5 |
| Purchase With | USDT, ETH, BNB |
4. eTukTuk (TUK) – Spearheading the Transition to EV Tuk-Tuks in the Developing World
eTukTuk is a revolutionary project with a simple goal; to spearhead the electric vehicle (EV) movement in the developing world. More specifically, eTukTuk builds EV tuk-tuks, offering a cleaner and more sustainable alternative to combustion engines. According to a recent study, the EV tuk-tuk industry will be worth over $746 million by 2030.
Based on the current market size, this represents a compound annual growth rate of 6.2%. The Guardian has also covered the growth of EV tuk-tuks, explaining that this market is particularly popular in Thailand. This means eTukTuk is well-positioned to benefit from this niche market. What’s more, eTukTuk vehicles are more affordable than conventional tuk-tuks.
Not only in terms of purchasing vehicles but charging them. Built on the BNB Chain, TUK is the project’s native ecosystem token. It enables drivers to accept payments in a cost-effective way, without needing access to a bank account. The eTukTuk ICO is just getting started, with about $200,000 raised so far. At $0.0245 per TUK, ICO investors can secure the lowest cost price.
| Total Tokens | 2 Billion |
| Tokens Available in ICO | 120 Million |
| Blockchain | Binance Smart Chain |
| Token type | BEP-20 |
| Minimum Purchase | 1 TUK |
| Purchase With | USDT, ETH, BNB, Credit Card (KYC Required) |
5. Scorpion Casino (SCORP): Regulated Crypto Casino Offering an Immediate ICO Upside of 138%
Scorpion Casino is a regulated casino platform that specializes in cryptocurrency payments. Unlike traditional gambling sites, it offers players an anonymous betting experience, not to mention instant payouts. Hundreds of casino games are also available, including blackjack, roulette, slots, and video poker.
It has also launched a sportsbook with over 30,000 monthly betting markets. Not only do players get a fair deal at Scorpion Casino, but they can invest in its growth through SCORP tokens. Many token use cases have been created, ensuring that players are motivated to gamble with SCORP. This includes daily passive income via staking rewards.
Scorpion Casino has also developed a smart contract that buys SCORP from public exchanges. 50% of the purchased tokens are burned, reducing their supply over time. The balance is deposited into the SCORP staking pool, ensuring its high APYs are self-funded. Its ICO has raised over $1.7 million so far. Best of all, there’s a 138% upside available at current prices.
| Total Tokens | 1 Billion |
| Tokens Available in ICO | 480 Million |
| Blockchain | Binance Smart Chain |
| Token type | BEP-20 |
| Minimum Purchase | 1 SCORP |
| Purchase With | USDT, ETH, BNB |
6. Patex (PATEX): Blockchain Ecosystem for Latin America With Tokenized Rewards
Patex is developing a layer 2 blockchain network aimed exclusively at Latin America. According to Patex, this is a hugely under-tapped market consisting of over 670 million people with a cumulative GDP of $5.5 trillion. What’s more, interest in cryptocurrencies continues to grow in Latin American countries.
After all, many domestic currencies have suffered greatly from hyperinflation in recent years. Therefore, Patex offers solutions through its decentralized payments network. The project is also building a user-friendly wallet that will enable beginners to send and receive tokens. Not only its native token, PATEX, but other cryptocurrencies.
Patex is also launching a regulated exchange that will support Central Bank Digital Currencies (CBDC). The project is incentivizing users to join its network through tokenized rewards. The more transactional activity, the more rewards are earned. The Patex ICO will launch later in November – a specific date will be announced imminently.
| Total Tokens | 8 Million |
| Tokens Available in ICO | 2.76 Million |
| Blockchain | Ethereum Network |
| Token type | ERC-20 |
| Minimum Purchase | TBC |
| Purchase With | TBC |
7. ApeMax (APEMAX): Decentralized Staking Platform With Over $1.3 Million in ICO Funds Raised
ApeMax is developing a decentralized staking platform, allowing users to earn passive income on their favorite projects. Although the ApeMax concept isn’t new, its ICO campaign is generating a lot of hype.
So far, its ICO has raised over $1.3 million. Virtually all ICO investors receive a discount, as the price increases every 24 hours. This is a smart move by ApeMax, as it incentivizes investors to complete their ICO purchase at the earliest stage possible.
Crucially, ApeMax has had its smart contract audited by Saulidity, ensuring a safe environment for ICO investors. Its native token, APEMAX, operates on the BNB Chain. 30.8% of the token supply will be sold to ICO investors. The current price is 0.00031338 per APEMAX.
| Total Tokens | 65 Billion |
| Tokens Available in ICO | 20.02 Billion |
| Blockchain | Binance Smart Chain |
| Token type | BEP-20 |
| Minimum Purchase | 1 APEMAX |
| Purchase With | BNB, USDT, USDC, ETH, MATIC, BUSD |
8. 3VERSE (VERS): Browser-Based Play-to-Earn Game With Tokenized Asset Ownership
3VERSE is one of the latest play-to-earn games to enter the market. Although its ICO will launch later in November, its browser-based game is already available to play. This enables investors to test the game before making an ICO purchase.
The game centers on player-vs-player battles, with all in-game assets being tokenized as NFTs. This means players will own any virtual items they earn during gameplay. Moreover, 3VERSE will enable other play-to-earn games to integrate into its ecosystem.
This will create a huge online community of gamers and keep players entertained long-term. The 3Verse ICO will be selling VERS, its native ecosystem token. The total supply is 100 million VERS, and 24% will be sold to ICO investors. USDT is the accepted payment currency.
| Total Tokens | 100 Million |
| Tokens Available in ICO | 24 Million |
| Blockchain | Ethereum Network |
| Token type | ETH-20 |
| Minimum Purchase | TBC |
| Purchase With | USDT |
9. Bitgain (BGN): Metaverse Adventures and Experiences With a 257% ICO Upside on Offer
Bitgain is building a decentralized ecosystem that centers on metaverse experiences. Some of its initial attractions will include virtual galleries, job fairs, and themed conference rooms. Bitgain will also support third-party decentralized applications.
This means developers can build their metaverse creations on Bitgain. The project also boasts an NFT marketplace, enabling users to trade their metaverse assets. The Bitgain framework will be supported by AI, ensuring maximum security.
BGN is the project’s native token and is required to transact in the Bitgain metaverse. The Bitgain ICO is now live and accepts BNB, BUSD, and USDT. Currently, ICO investors are paying just $0.007. This will increase to $0.025 once BGN is listed on exchanges – meaning a 257% upside.
| Total Tokens | 1 Billion |
| Tokens Available in ICO | 63 Million |
| Blockchain | Binance Smart Chain |
| Token type | BEP-20 |
| Minimum Purchase | No Minimum |
| Purchase With | USDT, BUSD, BNB |
10. Propbase (PROPS): Invest in Tokenized Properties From the ASEAN Region
Propbase is revolutionizing the ASEAN (Association of Southeast Asian Nations) real estate market. It has built a decentralized platform on the Aptos network that will tokenize new property listings. For instance, suppose a Bangkok city center condo is listed for $500,000.
Propbase could fractionize the property into 5,000 tokenized units, meaning the minimum investment is just $100. Not only will this appeal to investors on a budget, but those looking to diversify into the ASEAN markets.
The $100 minimum requirement will apply to all property listings on Propbase. Its ecosystem is backed by PROPS tokens. The total supply is 1.2 billion PROPS and 300 million will be sold to ICO investors. Each token is being sold for just $0.0032.
| Total Tokens | 1.2 Billion |
| Tokens Available in ICO | 300 Million |
| Blockchain | Aptos |
| Token type | APT |
| Minimum Purchase | No Minimum |
| Purchase With | USDT, USDC |
What is an Initial Coin Offering?
Initial coin offerings (ICOs), also known as presales, are fundraising campaigns run by new crypto projects. The project sells its newly created token to investors, usually at a discount. Most ICOs accept established cryptocurrencies as payment, such as Ethereum or BNB.
This provides the ICO project with working capital, allowing it to develop its product or service. ICO funding is also used for marketing, ecosystem rewards, and team incentivization. Once the ICO has completed its campaign, it will list its tokens on crypto exchanges.
ICO investors hope that this attracts new buyers, helping the tokens to increase in value. Most ICOs are listed with small market capitalizations. This is one of the main attractions, as investors can target huge gains in a short period of time.
How do ICOs Work?
Most upcoming ICOs work in the same way. First, the project will create a whitepaper that outlines its goals. Investors should read the whitepaper to assess whether or not the project is worth investing in.
The project will also create a new cryptocurrency token that is unique to its ecosystem. This is usually an ERC-20 or BEP-20 token, meaning ICO projects typically opt to build on the Ethereum or BNB Chain, respectively.
- Due to anti-money laundering regulations, ICOs only accept cryptocurrency payments.
- Some ICOs, such as Bitcoin Minetrix, and Sponge, indirectly accept credit cards too.
- However, payments are processed by third parties and require KYC documents.
The majority of ICOs set a ‘hard cap’ target. This is the maximum amount of capital the ICO seeks to raise. Once its target is met, the ICO is over.
The newly created tokens will then be listed on crypto exchanges. Investors usually receive their tokens just before the listing event. After the listing, prices will rise and fall based on market demand.
Benefits of Investing in Upcoming Initial Coin Offerings
Discussed below are the main advantages of investing in upcoming ICOs.
Early-Bird Discounts
New crypto ICOs operate in a very competitive landscape. To incentivize people to invest in its ICO, projects usually offer a discount. This means you’ll pay a lower cost price than other investors.
- Bitcoin Minetrix, for example, has 10 ICO stages.
- And as each stage sells, the price increases.
- If you invest in stage 1 – which is still live, you’ll secure an immediate upside of 35%.
- This is based on prices that stage 10 investors pay.
What’s more, further price advantages are available once the tokens list on exchanges. This is because most projects set a higher listing price than was available during the ICO. Therefore, all ICO investors will benefit from an additional upside.
Invest in New Concepts Early
Crypto ICOs are popular with investors who want to invest in new concepts and markets before they explode. Put simply, it’s like investing in Apple or Microsoft stock in the 1980s, long before personal computers were mainstream.
For example, eTukTuk is revolutionizing transportation in the developing world. It manufactures electric tuk-tuks, allowing drivers to reduce energy costs and environmental footprints. Considering the world is slowly becoming a greener place, this market could be huge.
And then there’s the Bitcoin Minetrix presale. This new crypto with high potential is building a stake-to-mine platform on the Ethereum blockchain that will reward those who stake the project’s token, BTCMTX, with non-transferable Bitcoin cloud mining credits, which can then be burned to retrieve Bitcoin cloud mining time. Bitcoin Minetrix has already raised over $5.5 million in its presale.
Some ICOs Generate Huge Returns
Most ICO investors share a common characteristic – they want to make as much money as possible in the shortest time frame. And ICOs often facilitate this goal, especially when they’re able to generate hype.
Most ICOs enter the market with a small market capitalization. This enables it to grow quickly, as even small buy orders can result in rapid price increases.
- Bitcoin Minetrix is a good example of a small-cap ICO you can invest in.
- They are building a stake-to-mine, Bitcoin cloud mining protocol on the eco-friendly Ethereum blockchain
- We anticipate this ICO being very popular, thanks to this project’s focus on solving one of the biggest hurdles in crypto, access to mining Bitcoin—the world’s most popular cryptocurrency.
- Not all Bitcoin Minetrix tokens will enter circulation immediately, so the market cap will actually be much smaller than it could be.
Nonetheless, the point is that small-cap cryptocurrencies can rise parabolically very quickly. But equally, they can also decline too.
So never expect a new crypto ICO to generate huge gains – only a handful of projects actually do.
Where to Find Upcoming Crypto ICOs?
Finding upcoming ICOs is often a time-consuming process. Here are some of the best resources you can use to find top-rated ICOs with minimal effort:
- Reddit: One of the most popular online forums globally, Reddit has millions of cryptocurrency enthusiasts on its platform. Check out the r/ICO subReddit, home to over 51,000 members and daily discussions on upcoming ICOs. You can also explore r/CryptocurrencyICO, which has more than 185,000 members.
- ICO Listing Websites: There are also websites that aggregate ICO listings automatically, allowing you to streamline the research process. Consider ICObench as a good starting point, which ranks and evaluates active and upcoming ICOs. You can also try ICO Hot List and ICO Drops.
- Crypto News Websites: Check out some of the leading crypto news websites, which often discuss new ICOs. This is usually the case when the ICO project is attracting a lot of attention in the broader crypto community. However, make sure you check whether the news article is organic or sponsored.
- YouTube: YouTube is also one of the best investment tools to find upcoming ICOs. First, you can try searching for something like ‘New ICO’. Filter the results so it only shows videos from the prior week. You might also want to sort the results by the most viewers, as trending ICOs often generate hype and FOMO.
- Telegram: Just like Reddit, Telegram is used by millions of crypto investors. Open the Telegram app and search for ‘ICOs’ or ‘Presales’. Look for groups with a large number of subscribers. There are often groups that help discover upcoming ICOs on behalf of their members.
Risks to Consider Before Investing in Upcoming ICOs
Cryptocurrencies in general are risky financial products. The risk factor is amplified further when investing in upcoming ICOs.
This is for several reasons.
- First, we mentioned that most ICOs have small market capitalizations.
- This means once the tokens are listed on crypto exchanges, they’ll likely witness extreme volatility.
- Just remember, prices can go up and down.
In addition, most ICOs are brand-new projects. This means it could take several years for the team to complete development.
The tokens might remain stagnant until certain project milestones are achieved. There’s also the risk of being scammed when investing in ICOs. As explained by the FCA – the UK’s financial watchdog, some ICOs are set up specifically to commit fraud.
Some ICOs are run by anonymous teams, meaning there’s no accountability if they run off with investor funds. These are the risks you must consider before investing in upcoming ICOs. Ultimately, you shouldn’t invest money that you’re not prepared to lose.
Conclusion
We’ve discussed the best upcoming ICOs and explained the benefits and risks to consider before getting started. One of the top cryptos right now is Sponge V2 ($SPONGEV2) – an upgraded version of the Sponge ecosystem.
This new cryptocurrency allows existing token holders to stake their coins on the newly launched V2 smart contract. You can earn high staking yields with $SPONGEV2.
References
- https://www.morningstar.com/etfs/spot-bitcoin-etfs-inch-closer-their-debut
- https://www.maximizemarketresearch.com/market-report/electric-tuk-tuks-market/171589/
- https://www.theguardian.com/world/2023/jan/19/thailands-tuk-tuks-go-green-amid-rising-demand-for-electric-models
- https://www.finra.org/rules-guidance/key-topics/aml
- https://www.reuters.com/business/finance/sec-has-8-10-filings-possible-bitcoin-etf-products-gensler-2023-10-26/
- https://www.fca.org.uk/news/statements/initial-coin-offerings
FAQs
What are the promising ICOs of 2024?
There are many promising ICOs that could explode in 2024, but we like Bitcoin Minetrix. This token has already raised over $5.5 million in its ongoing presale and token holders, once the project is complete, will have access to a stake-to-mine service that allows them to earn mining credits for participating in cloud Bitcoin mining.
Sponge V2 is another promising new cryptocurrency, which is not conducting its ICO, but has just launched a new token version. One of the top cryptos right now, $SPONGEV2 offers high staking and P2E rewards.
Are ICOs still happening?
Yes, ICOs are certainly still happening, with new projects launching regularly. That said, ICOs are now more commonly called ‘presales’.
Are ICOs a good investment?
ICOs can be excellent investments if you choose the right project. But equally, ICOs are risky, so never invest more than you can afford to lose.