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Highlights
- An initial coin offering (ICO) is a form of funding with cryptocurrencies.
- With the cryptocurrency market still evolving, ICO has become a viable solution for blockchain-led startups to get listed on various websites.
An initial coin offering (ICO) is a form of funding with cryptocurrencies. The ICOs are often the quantity of tokens or coins sold to investors in exchange for a legal tender or in exchange for a more robust cryptocurrency such as Bitcoin or Ethereum. With the cryptocurrency market still evolving, ICOs have become a viable solution for blockchain-led startups to get listed on various websites and develop new cryptos in the process.
However, it's important to note that ICOs are risker in nature, with the majority of the ICOs being in the experimental stage. Some of them may take years to become commercially viable. ICOs are more or less similar to Initial Public Offerings (IPOs), barring the difference that ICOs don't have any legal protection rights. IPOs, on the other hand, is more regulated as investing in them means one is investing in an established company instead of a project. As ICOs are unregulated, they are also prone to hacking or the project failing altogether.
We look at five upcoming IPOs that one could explore:
Star Atlas DAO (POLIS)
Star Atlas DAO is an upcoming cryptocurrency IPO, which will be launched on August 25. It is a blockchain-based, space-themed video game that is built on the Solana blockchain.
It is a state-of-the-art multiplayer video game and decentralised financial technologies. The gamers on the Star Atlas metaverse can create and trade in the non-fungible tokens (NFTs), which gives them access to real-world assets. As it's built on the Solana blockchain, the users can enjoy speedy transactions. The ICO is priced at $0.138000 and will be available on the FTX exchange.
POLIS will be the governance token in the Star Atlas metaverse, and with it, the holders can impact the decision-making process. Distribution of this token will take place in 2 stages, i.e., in the first stage, it will offer a 20% supply of the token, and the rest will be used as rewards to those who stake their tokens.
Swaperry (PERRY)
Swaperry (Perry) is a decentralised exchange (DEX), which is expected to be transparent and with feature-riched assets to the traders. PERRY will be launched on August 27 and will operate on the POLKADO blockchain. PERRY promises to offer scalability and faster transactions at a cheaper transaction cost. PERRY is the utility token that can be used to unlock advanced trading functionalities for its users.
PERRY will have a token sale of 2,000,000 PERRY coins and priced at $0.050000 as per CoinMarketCap. Its objective is to raise funds of $100,000, and one can buy it on RedKite.
OpenSwap (OSWAP)
OpenSwap will be one of the tokens which would help the users to reap benefits by optimising trades and provide access to liquidity pools from multiple exchanges. The protocol will operate on the Binance Smart Chain blockchain and allow features such as staking, token swaps etc. OpenSwap, in short, is an inter-chain, decentralised liquidity provider for traders whose main focus is to sustain liquidity. Partnering with Impossible Finance and Coin98, OpenSwap will launch the staking event on August 30. OpenSwap is priced at $0.040000 with an initial token sale of 8,500,000 OSWAP coins.
Acala Token (ACA)
The Acala token is a completely decentralised hub of Polkadot, which can be used to create assets. Acala token will be known as its token name ACA, and it provides a wide range of cross-chain DeFi services through its Acala Mandala application. It can act as a smart contract-enabled blockchain that operates within the Ethereum Network. Besides, with Acala, one can interoperate seamlessly between different blockchains with the help of a host of financial applications.
Acala token is expected to be released on August 30, and its price is not known.
Multigame (MULTI)
Built on the Binance Smart Chain network, Multigame aims to bring multitasking NFT platform and gaming startups on one platform. The platform acts as an accelerator for other NFT & gaming startups, and it also develops separate GameFi projects. As a user, one would get the benefit of Farming, selling tokens through its LaunnchPad feature. With it, one can create their own NFT characters. The MULTI ICO is priced at $0.022000 and with a token quantity of 5,000,000 MULTI coins.
