Upcoming ICOs: 6 new crypto coins you can buy in 2021

The second wave of cryptocurrencies has been getting extraordinary traction from the global financial system. And as this market grows, there are new crypto coins coming to the forefront every day.

In 2021, the blockchain-powered market witnessed thousands of initial crypto offerings (ICOs). There are around 10,500 crypto coins trading worldwide at the moment, and hundreds of new tokens are lined up to go live on exchanges. 

For the uninitiated, an initial coin offering is the crypto equivalent of an initial public offering (IPO). Blockchain-led start-ups that develop a new cryptocurrency and want to get it listed on crypto exchanges primarily go through an ICO. However, new coin listings do not go through any stringent securities regulations, which make them different from an IPO.  

Investors should keep in mind that investment in ICOs is riskier than IPOs and that existing crypto coins and their lesser-known projects could be scams or simply pump-and-dump schemes.

That said, here are five new coin listing that you could explore this year:

Efinity (EFI)

Efinity is an upcoming cryptocurrency ICO by Enjin, which is one of the pioneers in the Non-Fungible Token (NFT) market. Founded in 2017, the collectibles and NFT provider has created its crypto token through the Ethereum blockchain platform.

Efinity has pegged its initial offering price at US$ 0.2 apiece. It has 100 million tokens up for sale, with a total supply of five per cent. The network is planning to raise about US$ 20 million from this ICO.  

These EFI coins are expected to be available on the CoinList website from June 24, 2021, and will be exchangeable with Bitcoin, Ethereum, USD Coin (USDC), and Tether (USDT). Personal minimum and maximum purchases have been capped at US$ 100 and US$ 500, respectively.

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Moonbeam (GLMR)

Moonbeam is a smart-contract blockchain, which is linked through Polkadot (DOT) network. The smart-contract platform’s crypto ‘Glimmer’ is likely to debut this year with an initial offering of 1.6 million tokens. Its total supply is to be capped at 16 per cent. 

There is expected to be a circulation of 10 million GLMR coins once the network launches on crypto exchanges, with an annual inflation rate of five per cent.

Glimmer has been developed to support Moonbeam’s gas fee, and it cannot be eliminated without surrendering the essential utility of the platform.

The network allows developers to pay a transaction fee in GLMR to use Ethereum’s programming language ‘Solidity’. Blockchain developers can create smart contracts and decentralized applications on Moonbeam by making minimal changes to Moonbeam's existing programming.

PandaSwap (PND)

PandaSwap is a decentralized blockchain platform listed on OKEx Chain. It allows users to earn and win crypto coins. It is said to be a fast, cheaper platform to use. 

The blockchain network is expected to launch its ICO this year, with proposed 3.33 million tokens for sales at US$ 0.03 apiece. It aims to raise a minimum funding of US$ 100,000 from the offering. PND coins can be purchased from PandaStarter once the ICO goes live this year. 

The personal token acquisition is set to be capped between US$ 100 and US$ 500. Its total supply rate is around 0.33 per cent.

The foundation will hold 25 per cent of the tokens. In addition to this, crypto traders can invest in PandaSwap projects via the PandaStarter platform to earn PND tokens in advance.

PointPay (PXP)

The Estonia-based fintech company has built an all-in-one crypto network. PointPay has the following four products:

1. It offers financial services through PointPay Blockchain-led Bank, where users can earn daily compound interest on their crypto holdings in Bitcoin, dollar stable-coins, and tokenized gold. 
2. PointPay Crypto Exchange enables crypto traders to buy, sell and exchange their cryptocurrencies.
3. It has developed a crypto wallet to monitor daily cryptocurrency portfolio price movements.
4. Its primary division is PointPay Payment System letting clients make transactions with their bank cards. 

The firm has written its smart contract on Ethereum’s blockchain to launch its PXP tokens' initial offering. PointPay is likely to go live on crypto exchanges in 2021. 

OpenOcean (OOE)

OpenOcean is the decentralized finance (DeFi) aggregator. It also offers an application programming interface (API) for customers to conduct arbitrage trading automatically. The firm’s vision is to create a crypto trading platform that expects to serve isolated islands. 

OpenOcean aims to launch its ICO this year with 3.75 million OOE tokens at US$ 0.4 apiece. Its buying cap price is 500 USDT, and it will accept payments in Tether. The foundation will keep 70 per cent of total tokens to raise US$ 150,000. 

Its tokens will be available to buy on Polkastarter, with a total supply rate of 0.375 per cent. 

Pi Network (PI)

Pi Network’s ICO is expected to be a much-awaited crypto listing as it has a giant community of over 18 million miners connected through a mobile application.

Pi Network seeks to allow smartphone users to mine its proposed digital currency ‘PI Coin’ on its low-data and eco-friendly mobile app. 

Some crypto experts believe that Pi coin prices are likely to be very low due to its inflated mined tokens with its pioneers. The total existing coins have reached over billions.

Pi expects to debut on crypto exchanges by the end of this year after launching its mainnet wallet, which will be powered by blockchain technology. 

The above constitutes a preliminary view and any interest in stocks should be evaluated further from an investment point of view.