3 upcoming crypto ICOs to watch out for in next 2 months

Highlights

• Guild of Guardians, NuNet and SeedOn are three ICOs that are expected to be launched in November and December.
• ICOs have become an ideal option for new cryptos and for blockchain-led startups to be listed. 

The crypto Initial Coin Offering (ICO) market has grown exponentially in the past few years. With the cryptocurrency market hitting the US$3 trillion mark on Monday, the timing to launch an ICO couldn’t get any better than this. An Initial Coin Offering (ICO) is a form of funding sold to investors in exchange for a legal tender or in cryptos such as Bitcoin or Ethereum. Today, ICOs have become an ideal option for new cryptos and for blockchain-led startups to be listed. 

Upcoming Crypto ICOs that could make an impact on the Crypto Market.

Having said that, it's important to note that ICOs, just like cryptocurrencies, are new to the market and still in the developmental or experimental stage. Being unregulated, they are far riskier and prone to hacking or the project failing altogether. But it's also true that if it weren't for the ICO boom, which the market saw in 2017, there wouldn't be much maturity that we are witnessing today. 

Also read: Can Crypto ETFs make their UK debut in 2022?

Let's look at the upcoming ICOs that could make an impact on the crypto market. 

1. Guild of Guardians ICO

Guild of Guardians ICO (GOG) is all gearing up for launch on 10-11 November. It aims to build the world's most popular RPG where players can turn their passion for gaming into assets in the form of NFTs.   

The multiplayer games allow gamers to build their dream team of Guardians and compete and earn epic rewards in the process. The Guild of Guardians aims to build the future of play-and-earn, allowing the gamers to take the benefit from playing the game and earn in the process by trading the assets.

The Ethereum-based ICO sale starts from 10 November (1800 UTC) and offers two public options for trading. In the first option, the GOG token will be priced at US $0.10 per token with a supply of 40 million tokens. Around 50% of the token purchase amount becomes freely trading on or around 21 December 2021, while the rest will be available for freely trading on or around 10 November 2022. 

Also read: When is the right time to invest in DAR token?

In the second option, the GOG token will be priced at US $0.075 per token with a supply of 20 million tokens. In the second option, free trading will only be allowed on and around 10 November 2022. 

2. NuNet ICO

NuNet ICO (NTX) offers a distributed and optimised computing power along with the storage facility for the decentralised networks. NuNet allows the users to share, monetise their resources while providing a globally distributed optimised computing power. The ICO is expected to be launched on 17 November with a goal to reach the US $2,000,000.

NuNet, part of the SingularityNET ecosystem, recently completed its research, and the ERC-20 token will be priced at US $ 0.02 per token with a total supply of 1 billion tokens. The NTX will also be a multi-chain utility token divided between Ethereum and Cardano blockchains. While 631,250,000 NTX-ETH tokens will be on Ethereum, about 368,750,000 NTX-ADA tokens will be on Cardano. 

NTX has kept it in such a way that both NTX-ETH and NTX-ADA will be convertible on a 1:1 basis keeping the supply constant.

3. SeedOn ICO

SeedOn (SEON) is another Binance Smart Chain blockchain-based solution that aims to provide conventional crowdfunding solutions. Aimed at providing traceability and transparency to all stakeholders, the investors can always have control of their investment. 

The SEON ICO is expected to be launched on 15 December with a goal to reach US$1,200,000. The SEON's main feature is to capture its Smart Contract Escrow model, ensuring capital infusion. The total capital invested will be released to various startups in stages, thus ensuring that investors will only have a limited amount of funds until the targets are achieved. This is done to ensure that in case the project fails, then the loss will be kept at the minimum, with the rest being returned to the investors.