Best ICO Crypto Projects to Buy in 2023 – Compare Initial Coin Offerings
An ICO provides an opportunity for crypto investors to gain exposure to an upcoming blockchain project. However, in order to become a successful ICO investor, one has to determine which projects have the scope to grow.
In this guide, we introduce our readers to the best ICO crypto projects of 2023. We will also explain how to identify solid ICOs to invest in and what risks to consider before participating.
In the following sections, we take a closer look at the above projects – some of which have the potential to become the best ICO cryptos of this year.
The Best ICO Crypto Projects for 2023 Reviewed
Before investing money into a cryptocurrency ICO, it makes sense to spend some time learning about the respective project and its prospects.
Below, we have included full reviews of each project from our top crypto ICO list for 2023.
1. Wall Street Memes – Overall Best Crypto ICO of 2023
Topping our list is a crypto ICO that has gained a significant amount of attention within a span of a few months, raising upwards of $18 million in the current round. Wall Street Memes is a community-centric crypto that aims to mobilize the community and turn its native asset – WSM – into a valuable investment by pumping it the same way Reddit group Wall Street Bets did for Gamestop.
While bearing no utility, Wall Street Memes have been gaining a lot of attention from the crypto community due to their social media activity. With over 1 million followers across four different social media platforms, Wall Street Memes is leveraging memes to continually gain community support, which is fueling its current coin offering.
This project has many attributes that make it the best ICO this year. Its focus on community keeps the project decentralized, its honesty about what it focuses on keeping the community informed, and its goal of reaching a $1 billion marketcap is accessible, thanks to the current market traction.
Even the likes of Elon Musk have interacted with the Wall Street Memes community on three different occasions, giving it the notoriety it needs to move up in the price charts.
2. Launchpad XYZ – Best Crypto ICO in the Web 3 Niche
Launchpad XYZ focuses on providing an innovative Web 3 ecosystem in which all the elements of Web 3 are accessible to all. It essentially adds a human touch to blockchain technology, making the prospect of Web 3 easier to understand, leading to bolstering the Web 3 adoption rate.
Using Launchpad XYZ, users can find the next best Web 3 project. Helping with that is a unique metric that Launchpad XYZ has concocted using 400 data points. Known as Launchpad Quotient, or LQ, this unique score will provide users all the insight they need when it comes to selecting the best NFT investment, the best utility token, the best crypto presale, the best metaverse and the best P2E game.
Launchpad XYZ is also working to make crypto trading less intimidating. It is introducing a trading terminal that is chock-full of training modules for beginners and high-end trading tools for veteran investors.
Underpinning these features is Launchpad XYZ’s official AI tech. Apollo, the native AI bot Launchpad XYZ, uses machine learning and natural language models to help users find investments suitable for them.
The native token of Launchpad XYZ – LPX- has raised more than $1 million in its current ICO. This utility focus project has the potential to deliver on its long-term promises, and if it does, i could potentially go up when listed on cryptocurrency exchanges.
3. Evil Pepe Coin – Memecoin ICO With Goals of Reaching a High Market Cap
Evil Pepe Coin is another memecoin offering of 2023 that doesn’t focus on the community but rather on what memecoins can bring to investments. Playing on the drive that pushed people into buying volatile assets that later turned out to be rug pulls. Evil Pepe Coin states that it is the dark reflection of the current market that investors must learn to embrace.
Stating investors must embrace the evil sense of crypto investment, Evil Pepe Coin explains in this whitepaper that most gains are made during volatile periods. It states that EVILPEPE is a shitcoin that indents to create an audacious community that involves memes and investors coming together to give into FOMO and generate gains.
When it comes to long-term utilities, Evil Pepe Coin has none to speak of right now. It has made it clear that it has been created to capitalize on the PEPE mania and intends to leverage the current interest of the market to climb up the price charts.
But despite that, it has gained attention from the crypto community. With its hard cap set to $1.99 million, Evil Pepe Coin has already crossed the $800k mark. Current sentiments towards Pepe Coin are fueling its price, which will likely create a massive pump for this crypto once it goes live on cryptocurrency exchanges.
4. BTC20 – Bitcoin ICO of an Ethereum-based BTC
BTC20 is basically Bitcoin but for the Ethereum blockchain. It has the same fundamentals as Bitocin, and same tokenomics, and the same release schedule. However, it gives it a green spin by replacing mining with staking and switching mining rewards for APY perks.
BTC20 has taken the same route Bitcoin took in 2011 and is giving away $6.05 million tokens, with each token priced at just $1, in the current ICO. The remaining 14.95 million tokens will be placed inside a liquidity contract, to be released in a pre-determined amount upon the execution of one block over the course of 120 years.
BTC20’s appeal comes from the novelty of Bitcoin. While major use cases for this asset are yet to be unveiled, for now, it is focusing on providing a greener alternative to Bitcoin that could hopefully go up in value following the same growth trajectory as Bitcoin over the next decade.
This simple-yet-effective approach is one reason that investors have already started to rally behind this crypto in its presale round. It has already raised more than $2.4 million tokens, which means that the soft-cap of $3 million is about to be over. Those who want to invest in an Ethereum-based alternative of memecoin must act today.
5. Chimpzee – Green Crypto ICO of 2023
Chimpzee of the greenest crypto ICO of this year, presenting a unique opportunity for investors to protect endangered species, combat climate change, and earn profits. Entrenched with deep lore that focuses on quirky characters with Superhero-like origins, Chimpzee has everything to become the next big token in the metaverse niche, but its focus now is to promote environmental sustainability.
To push that agenda forward, Chimpzee has introduced three different “earn mechanics”.
- Shop to Earn – This mechanic comes from Chimpzee Shop, an online virtual store that offers virtual assets as well as physical merch belonging to the Chimpzee universe. Buying from this store will reward users with CHMPZ tokens. At the same time, Chimpzee will share a portion of the profits it generates with eco-focused organizations.
- Play to Earn – Chimpszee has implemented a “Zero Tolerance Game”, which rewards players for completing certain milestones.
- Trade to Earn – Chimpzee’s Trade to Earn mechanic comes into play in the NFT marketplace. Here, investors can earn a share of the profits generated by the NFTs. Those with the Chimpzee NFT passport will earn a bigger share of rewards.
These factors are pushing Chimpzee’s presale forward, which has raised more than $950k so far.
6. Cyberium – Premier E-Sports Metaverse
Cyberium is a centralized hub that offers a fantastic experience for e-sports enthusiasts. The project is the first of its kind and has a user-focused approach.
Instead of a conventional P2E mechanism, the platform features a play-and-earn gaming system, which allows for a better user experience.
Cyberium has adopted a dual token economy for its network. Its main currency, ESPN, serves as a governance token and is rarely used as a reward for in-game activities. The ICO for this coin will commence on July 31st, 2022.
ESPN is a BEP-20 utility token built on the Binance Smart Chain. This means that users can purchase ESPN in exchange for BNB coins. To get started, individuals can buy BNB tokens from an established online broker such as eToro and then proceed to invest in ESPN.
The second digital token native to Cyberium is BREAK. This is the main in-game currency and is offered as a reward to players for winning challenges.
BREAK can also be used in the Cyberium marketplace to purchase NFTs. Moreover, both ESPN and BREAK tokens can be staked on Cyberium to earn additional rewards.
7. Bioviratech – Vaccine Distribution System Based on the Blockchain
The COVID-19 pandemic has shed light on the disparities in the world’s healthcare system, and Bioviratech has come up with a unique way to address that. This platform focuses on facilitating the fair distribution of vaccines across the world.
To make this goal a reality, the company is already working with global pharmaceutical companies. In simple terms, Bioviratech will create contracts for vaccines that can be purchased using the Bioviratech USD (BVTD) token.
Those who have BVTD tokens can contact a supporting provider to receive vaccines during a pandemic that could potentially arise in the future. However, take note that the cost of the vaccine still comes at a cost to the individual.
With that said, this allows individuals to bypass any regulatory or governmental limitations imposed on the distribution of vaccines. Moreover, there will be a limit to the number of BVTD tokens an individual or an organization can hold.
The platform offers its services internationally, making its tokens available worldwide. Clearly, this project has significant relevance and, moreover, has considerable potential to grow.
The ICO of BVTD tokens will take place on September 25, 2022. BVTD can be purchased using popular tokens such as BNB, ETH, and USDT. The platform also accepts payments via Mastercard and Visa. The ICO price of BVTD tokens is set at $1 per coin.
8. Goya Chain- NFT Platform for Influencers
In 2023, it is practically impossible to overlook the role of influencers in marketing. The founders of Goya Chain plan to capitalize on this trend. It will help influencers build their own NFTs and connect with their audience in a unique manner.
The Goya Chain calls itself the world’s first NFT marketplace exclusively built for influencers and their communities. Any individual interested in creating an NFT can contact Goya Chain and go through a verification process.
They can then provide details on how their NFT collection should be designed and what kind of content they want to offer to their fans.
In other words, Goya Chain will help the user create and launch their exclusive NFT collection. The utility token of this network is GOYA, which will be available to purchase during its ICO on July 31st, 2022.
The ICO will last for 15 days until August 15th, 2022. The ICO price and the accepted payment method will be announced just before the launch.
9. IguVerse – Social Network for Pet Owners
IguVerse is another new ICO crypto for 2023 that has the potential to be a success among pet owners. That said, the app can be used by anyone. To get started, users have to convert a photo of their pet into an NFT or purchase a new non-fungible token.
Like FITN, IguVerse also employs move-to-earn mechanics. However, it also combines other features such as socialize-to-earn and play-to-earn into one single app. There are several challenges integrated into the app, and by playing them, users of IguVerse can collect prizes.
IguVerse offers rewards in the form of IGUP tokens. These tokens can be used to upgrade the NFT collection or can be exchanged for other cryptocurrencies. The ICO of IGUP tokens started on July 20 and will continue until Aug 20, 2022.
10. O-MEE – NFT Marketplace With Social Network Subscriptions
With the growing popularity of NFTs, O-MEE plans to become a social network, where its users can upload, share, and sell their artwork. Crucially, the platform gives a high level of control to its users, allowing them to unfollow ads and unfriend social profiles.
O-MEE also extends support for NFT creation, presenting itself as a one-stop-shop for building and selling non-fungible tokens.
Moreover, it allows artists to connect with their fans or subscribe to another creator’s journey. This subscription service will enable consumers to access exclusive content by making payments on a selected monthly basis. On top of this, O-MEE also offers NFT rental services for individuals as well as businesses.
The digital token of the O-MEE network, OME, is native to the Ethereum Blockchain. The OME tokens can be used as a direct payment method within the O-MEE ecosystem, for purchases of NFTs and for subscription services. Investors can sign up for the O-MEE newsletter to know more about the upcoming ICO of OME tokens.
11. Your Open Metaverse – Project Promoting Open and Distributed Metaverse
Your Open Metaverse or YOM is a platform that aims to empower artists, developers, and brands to create content on the metaverse. The project is still in its initial stages, however, it has a well-laid-out roadmap that can help investors get a better idea of the objectives.
In a nutshell, YOM will allow its users to create their own metaspaces, events, and items. Users can then proceed to monetize these creations using tokenized assets – such as NFTs.
Not only that, but users will also be able to visit events in the virtual world, invite friends, or purchase exclusive NFTs. This crypto ecosystem will be fueled by the YOM token.
These digital tokens will be used for all transactions, including NFT purchases. The platform will also feature play-to-earn games that will offer the YOM token as a reward. The team has not announced the ICO date for its YOM token, but the event is expected to take place in the third quarter of 2022.
12. Crypto Blocks – DAO With BLOCK Governance Token
Those looking for the best crypto ICO for 2023 might also consider Crypto Blocks. The Crypto Blocks team aspires to build a DAO where holders of its digital token will have complete control over its governance structure. This is to ensure the ecosystem’s stability, transparency, and efficiency.
The voting right of an individual in the Crypto Blocks DAO is proportionate to the number of BLOCKS tokens they hold. In other words, the more BLOCKS held, the greater the voting power. The ICO for this coin will start on August 5th, 2022.
In terms of its roadmap, Crypto Blocks has several plans for the future. It has already developed a play-to-earn game that resembles Minecraft. Players can participate in this game by purchasing Crypto Blocks NFTs.
On top of this, the platform has also launched a Crypto Blocks educational program to increase awareness of the blockchain industry among interested investors. This initiative focuses on bridging the gap between beginners and experts in the crypto space. Similarly, Crypto Blocks also has plans to add more features that will help build a well-rounded crypto ecosystem.
13. Sharkrace – Play-to-Earn Game With Customizable NFTs
In most play-to-earn games, users need to purchase new NFTs to acquire assets that have a higher rarity. However, in Sharkrace, players have the opportunity to customize their initial collectible NFTs to add more traits.
This makes Sharkrace one of the best play-to-earn games out there. NFTs in this game come as cards, which can be used for battles and competitions. The game is yet to be launched, however, interested players can try it out in demo mode. Sharkrace will conduct a limited sale of its in-game assets soon – on a first-come first-serve basis.
The sale date and time will be announced in the Sharkrace Telegram group. The digital token of the Sharkrace ecosystem, SHRK, will also be launched in the coming months. This token will be primarily used to offer rewards and has a limited supply of 1 billion tokens.
14. Juniverse – Food Manufacturer With Tokenized Gaming App
As noted, crypto ICOs function like a traditional fundraising campaign. And as such, many companies are looking for innovative ways to integrate digital tokens into their services to attract investors. Juniverse, a food and healthcare product manufacturer, has adopted the same strategy.
This company is based in Malaysia and develops products from Jaboticaba, a native fruit of the country. Its range of products includes not only food and beverage but also pharmaceutical medicines.
Moreover, Juniverse also plans to launch a network of health clubs across several different Asian countries. Even more interesting is how Juniverse has integrated a digital token into this concept. The company has launched an app that comes with gamified health-related tasks. Users can access the app to play games and earn Juniverse tokens as a reward.
The app also doubles up as a way for Juniverse to promote its products and create general awareness about the different native fruits of Malaysia. The company plans to conduct an ICO for its tokens in October 2022.
What is an ICO?
ICO stands for initial coin offering. The phrase is derived from the traditional stock term, IPO, or initial public offering.
- The purpose of an IPO is to sell the stock of a company in order to raise capital from the public.
- ICO, on the other hand, sells digital tokens as a way to fund a specific project.
- In simple terms, if an individual believes that a crypto platform will succeed, they can invest in it by buying digital tokens issued by the firm.
- Since ICOs take place during the early stage of a project, these events allow individuals to purchase cryptocurrencies at a discount.
- In a way, these digital tokens are equivalent to shares issued by a company.
- Although digital tokens do not represent ownership in a company, if the crypto project is to take off – investors can still profit by selling the coins at a higher price in the market.
One of the best examples of a highly lucrative ICO was that of Ethereum. The ICO took place in 2014, and at the time, one ETH token was sold for around $0.30 per coin. However, over 50 million ETH tokens were sold, raising $16 million for the project.
At the time of writing, a single Ethereum token is worth more than $1,500. The very same Ethereum also hit an all-time high of nearly $5,000 in November 2021.
These days, there are many ICOs listed throughout the year trying to replicate the success of Ethereum. Of course, not every project has what it takes to be a hit. In fact, there are several cases of crypto rug pulls where investors end up losing their money due to ICO scams.
And since ICOs are not regulated like IPOs, it falls entirely upon the investor to evaluate the project before risking any money.
As such, it is crucial to invest some time searching the ins and outs of an ICO. Ultimately, ICOs are highly risky, even for experienced investors.
How do Crypto ICOs Work?
As we mentioned above, ICOs are more or less like a kickstarter for a new crypto project.
In this section, let’s break down the ICO process a bit further:
- When a company launches a new project through an ICO, it first creates a website.
- The company will also announce the date of the ICO as well as the buying rules in advance.
- Moreover, the firm will publish a whitepaper that contains the specifics of what the project is about, its objectives, the amount to be raised, and the duration of the ICO.
- After the ICO is set up, the public can start investing in the coin by sending funds to the project.
The majority of ICOs require payments in digital currency. Generally, Ethereum and Binance Smart Chain are the two blockchains that are widely used to host new digital tokens.
As such, investors will be able to swap ETH or BNB tokens in order to purchase a newly launched cryptocurrency during an ICO.
This means that before participating in an ICO, investors will first need to acquire the required digital currencies.
This can be done easily by purchasing cryptocurrencies via an exchange like eToro. This broker allows its users to buy digital assets from just $10 alongside highly competitive fees.
How to Choose the Best New Crypto ICOs
Identifying the best ICO crypto is no easy feat. Due to a lack of regulation, investors need to be extra careful when trying to spot profitable opportunities from a crypto ICO list.
Below, we discuss some of the important factors that can help investors identify projects that have the potential to grow.
Check out the ICO Website
This is perhaps a no-brainer when it comes to choosing the best ICO cryptocurrency to invest in. The website of a project can reveal a lot of information regarding the development team.
Needless to say, a poorly designed ICO website with bad content, such as spelling mistakes and other errors, should be a red flag.
On the other hand, a well-designed website with factual and credible content is typically a good indicator of a reliable team.
Evaluate the Whitepaper
The next step is to locate the whitepaper of the project, which will be published on its website.
Generally, all ICO projects will have a dedicated whitepaper. However, it takes a keen eye to figure out whether the project has laid out viable plans for its future.
A whitepaper tells investors information about the project and its business strategies. Put otherwise, the main purpose of reading a whitepaper is to understand the objectives of the project and make investment decisions accordingly.
The whitepaper should give all information regarding:
- The context of the project
- What problem the company seeks to address
- Existing solutions in the market and how the project seeks to improve them
- Description and roadmap of the project
- Technical details
- The expertise of the team behind the project
- Details of the native digital token and governance
A well-laid-out whitepaper is a positive sign that the team has put sufficient thought into the future direction of the project.
However, a good whitepaper does not necessarily mean that the project will be a hit. Regardless, seasoned crypto investors prefer a project with a promising whitepaper rather than a vague one.
Go for Disruptive Concepts With a Solid Business Plan
The whitepaper can help figure out if the team has thought of future strategies. However, in order for a crypto project to be successful, it should also have a unique value proposition.
As we discussed earlier, initiating an ICO has become incredibly easy, and therefore, we see many new projects creating their own digital tokens to raise money.
However, unless they offer something unique, the chances are that these startups will be competing against others rather than offering anything innovative. Therefore, it would be a good idea to look for concepts that can bring something new to the table.
Team and Partnerships
It is also important to get to know the team behind a new crypto project. Most companies will have information on their team members; however, it would be a good idea to check LinkedIn or Facebook accounts to verify them and their credentials.
If necessary, study the LinkedIn profiles to see what kind of projects they were previously involved in and what their roles were.
This is a crucial step as it is not uncommon for new crypto projects to exaggerate the credentials of their team members or founders.
Tokenomics and Allocation
Token allocation is another aspect that can explain how the project intends to disperse and utilize its digital coins. This part of the website or whitepaper will clearly indicate the total supply of tokens and its distribution mechanism.
For instance, some projects might reserve a portion of their tokens for developers, founders, and partners. This means that only a part of the total number of tokens will be in circulation in the market.
On top of this, some projects also regularly burn the tokens in circulation to drive up the demand. This can help increase the value of the token in the future – in theory, at least. Given these factors, it is important to be aware of how tokenomics can affect investors.
Go on Social Networks
Although social networks cannot be completely relied on, they can still be a source of useful information. After all, meme coins such as Dogecoin and Shiba Inu were able to gain traction in the market due to the Reddit army.
- Therefore, it might not be a bad idea to search for the best crypto to buy right now on Reddit before making a move.
- At the very least, investors will be able to find information regarding upcoming ICOs.
- That said, keep in mind that online forums and social network groups are also susceptible to spam and scams.
As such, after reading about an upcoming project on these forums, investors should proceed with checking the website and whitepaper to gather more information.
Is it a Good Idea to Invest in a Crypto ICO?
All crypto investments are inherently risky. After all, this market is known for its volatility.
However, if investors are looking to buy low and sell high, it is still beneficial to regularly search for an updated initial coin offering list to identify potential opportunities.
Here are some of the benefits that come with long term investing in a cryptocurrency ICO.
Get in at an Early Stage
Over the past decade, the cryptocurrency market has demonstrated tremendous potential.
Buying digital tokens in an ICO comes with a high upside if individuals can determine which projects represent a viable investment.
As we noted earlier, the case of Ethereum is the perfect example of this.
If an individual had invested in Ethereum at the time of its ICO, they would be looking at a sizable profit today.
Be a Member of the Project’s Community
The driving force behind cryptocurrencies is the general market sentiment.
This means that the crypto community plays a key role in determining the supply and demand.
Due to this influence, blockchain projects have also started offering rewards for their loyal investors. By buying in during an ICO, early investors can become part of a new crypto community right at the ground level.
This allows investors to make connections with other crypto enthusiasts, as well as access newly launched products such as staking before the general public.
Risks of Investing in Crypto ICOs
When looking for the best new crypto coins to buy, it is natural to consider upcoming ICOs.
However, it is also important to first understand the downsides of ICOs before proceeding.
As with any other investment, crypto ICOs are also not without their risks – which we have pointed out throughout the guide.
Below, we sum up the points to bear in mind before taking part in a new crypto ICO.
- Since the cryptocurrency market is volatile, there is a significant risk that a new digital token can lose value or fail entirely.
- Moreover, unlike IPOs, ICOs are not regulated by any financial authority. This lack of regulation results in scams and subpar projects.
- Sorting through upcoming ICOs to find a quality project is often like looking for a needle in a haystack. This process can be incredibly challenging, especially for beginners.
- In addition to this, taking part in an ICO often requires some knowledge of crypto wallets. This is because many projects require investors to connect their wallets to engage with an ICO.
Alternatively to ICOs, newbies can check out our list of the best crypto to buy during the crash to start building a diverse portfolio.
Nevertheless, we urge all our readers to perform independent research before investing any money.
ICOs present a great opportunity for investors to buy emerging crypto tokens at a great discount. If these projects eventually take off, investors stand the chance to reap attractive gains.
However, finding the best new crypto ICO can be challenging.
That is why we suggest the best crypto ICO to be Wall Street Memes. While it is not jam-packed with utility, it is using a strong community to propel in its current presale. Launchpad XYZ, another top-rated ICO, is also moving ahead in the price charts.