An ICO or “Initial Coin Offering” offers the best opportunity to invest in a new cryptocurrency. Investors can buy these in the ICO before the coin is publicly traded. We show the best upcoming ICOs with potential.
11 Best Crypto ICOs 2023 – Initial Coin Offerings Ranked
- Bitcoin ETF Token – The ICO Token Bitcoin ETF Token offers you a wide range of earning opportunities thanks to staking options and a deflationary roadmap; Entry into the presale is currently particularly cheap.
- Bitcoin Minetrix – A new ICO project tries to turn Bitcoin mining on its head with a new approach. The field dominated by companies is to be broken up using the stake-to-mine approach.
- Meme Kombat – ICO with big plans; Project wants to create a battle arena for meme coins & create diverse applications for native $MK tokens; ICO price is constant at $1,667.
- Casino – Brand new gambling coin combines gambling and cryptocurrencies; Project with a lot of growth potential with a market cap of just $5 million.
- Launchpad – Crypto platform that wants to support informed investment decisions via Web3. Market data is collected and made available in your own ecosystem.
- yPredict – a brand new crypto project with an innovative AI approach to predict cryptocurrency prices so that better investment decisions can be made.
- Chimpzee – an exciting project to protect the rainforest; Web3 technology platform with official certificate for more security; very good P2E game and also NFT marketplace and shop-2-earn option.
- SOLA-X – intelligent liquidity protocol that changes the way automated market makers are designed within the Solana ecosystem. A minimum investment of $10,000 is required.
- Incentive – similar to LHINU, a survey platform. Reputable vote-to-earn surveys are shared here. Anyone who takes part in these earns tokens.
- ASTL – an investment platform for AI crypto mining. The token sale takes place privately. You can become a member and green energy sources are supported.
- LuxWorld – Lifestyle and travel platform that uses NFTs and its own tokens. Travelers earn LUX tokens by participating.
Invest in the best ICOs – it’s worth it here
When new cryptocurrencies come onto the market, there are various ways in which they are distributed among investors. The most well-known variant is to buy a coin in an ICO. However, it can often be difficult to find attractive tokens in the presale among a large number of new projects. We test the current Coin Launch Tokens regularly. Below we present the best initial coin offerings for 2023 in more detail.
1. Bitcoin ETF Token – Brand new token with high return potential
We have recently taken a closer look at a rather small, but probably quite fast ICO. We are talking about the Bitcoin ETF token.
The first legal basis for the creation of Bitcoin ETFs was created two years ago. To date, however, no such ETF has been finally approved. If you don’t want to wait any longer but want to participate in this exciting development, you can invest in the Bitcoin ETF token.
The special features of Bitcoin ETF tokens:
- Staking opportunity: Investors have chances to earn passive rewards at a dynamic interest rate.
- Visionary: The introduction of new ETFs is expected to add billions of dollars to the crypto market.
- Potential returns: Participation in the presale should be worthwhile due to the expected Bitcoin ETF hype.
The Bitcoin ETF Token is a revolutionary speculative token whose development is tied to real events. Are there key events in the development of Bitcoin ETFs, such as B. the launch of the first Bitcoin ETF, 5% of all Bitcoin ETF tokens are burned?
This allows up to 25% of all tokens to be burned, potentially leading to significant price growth. If you want to buy Bitcoin ETF tokens, you can currently do so in the presale for $0.005. Once the SEC officially approves crypto ETFs, the coin will increase significantly in value. So getting in early can be worth it. This is also shown by our Bitcoin ETF token forecast.
| Presale started | November 2023 |
| Purchase method | ETH, USDT, BNB, USD |
| Chain | Ethereum |
| Hard cap | $4,956,000 |
| Token Total | 2,100,000,000 |
| Max investment | None |
2. Bitcoin Minetrix – Project with new stake-to-mine infrastructure
Bitcoin Minetrix should not be missing from our crypto ICO comparison. You may not have even heard of this project. But after our test of the new project at the beginning of the week, we decided to include this contender in our ranking. But what is this crypto ICO raising money for?
The special features of Bitcoin Minetrix:
- Revolutionary: Mining is becoming accessible again – without any major investments or technical know-how.
- Passive income: Staking opportunity opens up opportunities for long-term returns.
- Eco-friendly: Bitcoin Minetrix uses cloud mining, which is more environmentally friendly than mining.
- Also for small investors: No high investment required, presale token price is only $0.011.
The initial coin offering from Bitcoin Minetrix is ??all about a new infrastructure that has never existed in this form before stake-to-mine. This new infrastructure is intended to enable private investors to have shares in Bitcoin mining cheaply and, on the other hand, in an uncomplicated and fraud-free manner. And that too without expensive hardware.
The ICO price of a single token is only $0.011. So there is a lot of scope for you here. In total, the developers hope to raise up to $3 million through the ICO in order to continue developing the new staking platform as usual. Our Bitcoin Minetrix forecast shows that the chances of this happening are good.
| Presale started | Sept 2023 |
| Purchase method | ETH, USDT, BNB |
| Chain | Ethereum |
| Hard cap | $32 million |
| Minimum investment | $10 |
| Max investment | None |
3. Meme Kombat – A combination of blockchain, AI and gaming
Meme Kombat enters the ICO Arena and should feel right at home here. Because the arena idea is at the heart of the project. But let’s start from the beginning. What are we dealing with with this ICO token?
The special features of Meme Kombat:
- Lucrative gaming platform: From active betting to passive betting, there are rewards for all users.
- Community Focus: A large amount of $MK tokens are reserved for community rewards.
- Transparency: All bets, results, and rewards are recorded and processed on the blockchain.
The initial coin offering of the Meme Kombat token, $MK, began just this week. It is offered at an affordable presale price of $1,667. A total of 6,000,000 Meme Kombat Tokens are available for sale. This means that half of the total coin supplies will be distributed to the growing Meme Kombat community during the presale.
Despite the constant presale price, it can be worthwhile to get involved in the initial coin offering early. If you buy $MK today, the purchased tokens will be automatically staked and you will start earning passive returns before launch. The ICO will take place on the official Meme Kombat site; Payments are accepted in the form of crypto coins.
| Presale started | Sept 2023 |
| Purchase method | ETH, USDT, BNB |
| Chain | Ethereum |
| Hard cap | $10,000,000 |
| Minimum investment | 5 MK$ |
| Minimum investment | No limit |
4. TG.Casino – Innovative casino coin with great growth potential
The new TG.Casino token offers a new crypto ICO with great growth potential. This is a promising cryptocurrency on the Ethereum blockchain that is being used as a stake in a new crypto casino.
The special features of TG.Casino:
- Interesting investment: $TGC can either be used for staking or in Telegram Casino.
- Web3-based technology: Casino is a combination of modern technology & classic gaming experience.
- Regular Rewards: For players who actively play at Telegram Casino.
The coin is currently still in presale and is not yet publicly tradable. In the presale, early investors have the opportunity to purchase the TG.Casino token at a discounted price of $0.125. A maximum of $5 million in total tokens will be issued, which means there is still plenty of room for growth.
The project is entirely aimed at rewarding the community, as 60% of all profits go back to the token holders. The casino itself is not based on a browser platform like classic online casinos. Instead, the Telegram messaging service is used to access an extensive range of games. The associated anonymity and freedom could attract numerous players.
| Presale started | September 2023 |
| Purchase method | ETH, USDT |
| Chain | Ethereum |
| In total | 100,000,000 tokens |
| Presale tokens | 40% |
| Hard cap | $5,000,000 |
5. Launchpad XYZ – Cryptocurrency analysis models and forecasts
To help investors make smart purchases of Web3 projects, the largest Web3 crypto platform was created in early 2023.
Launchpad
The special features of Launchpad XYZ:
- Innovative project: Clear all-in-one solution for Web3 applications.
- Modern trading terminal: Allows investors to make well-founded analyses and forecasts.
- Staking Opportunity: Investors can maximize their exposure to the Launchpad XYZ ecosystem.
Launchpad XYZ is essentially a learning environment for novice crypto investors. However, experienced traders can choose from many resources tailored to their specific needs in terms of research, market data, sentiment, and the like.
On Launchpad XYZ, for example, amateur traders can learn from the insights of experienced professionals. Financial professionals can use the platform’s data to find promising investments and make informed decisions.
Additionally, the information presented on Launchpad XYZ can help investors avoid buying and selling coins based on their emotions or the views of others.
This gives traders access to more information than ever before about the overall trading decisions being made in the market. The biggest new coins will therefore be easily accessible to traders. This also explains the positive Launchpad XYZ forecast for the coming years.
| Presale started | April 2023 |
| Purchase method | ETH, USDT, BNB, credit card |
| Chain | Ethereum |
| Hard cap | $12,500,000 |
| Minimum investment | 100 tokens |
| Max investment | None |
Buy Launchpad XYZ now
6. yPredict – strong AI crypto platform for investments
The crypto financial evangelists are currently talking about yPredict.ai. Everyone in the community was curious to see whether this initiative would be worthwhile and whether YPRED might even become bigger than LHINU or other meme coins.
The special features of yPredict:
- AI-based: Enables particularly accurate analyses and forecasts for investors.
- High benefits: including market forecasts, a marketplace for AI developers & trading terminal.
- High staking returns: Up to 45% can be achieved per quarter.
Traders, financial professionals, and AI/ML specialists all became a team to offer traders the best AI-based analysis tools and platforms. From now on, this will provide spectacular insights and analysis so that traders can use the tools for the most modern financial forecasting approaches and metrics.
Through yPredict, traders also have access to professional advice and strategies to conquer the complexities of today’s financial markets. In these circumstances, a poor decision can be attributed to both high background noise and a lack of information.
Because many investors rely entirely on unreliable sources. YPRED changes everything by giving traders the best tools to make good decisions.
Financial data scientists can use yPredict’s AI-driven prediction marketplace to monetize their prediction models and earn income.
This market allows data scientists to charge a monthly membership fee for the results and signals their predictive models produce.
Here the data scientists do not have to worry about the mechanics of trading. Instead, they can offer their models’ predictions as a service to anyone interested. These and many other features can be proof that this new coin is likely to multiply by 100x soon.
| Presales started | Q1 2023 |
| Purchase method | MATIC, ETH, USDT, credit card |
| Chain | Polygon |
| Hard cap | 6,507,511 USDT |
| Minimum investment | 200 tokens |
| Max investment | No limit |
Visit yPredict now
7. Chimpzee – green ICO token with lots of rewards
A cryptocurrency that reserves 10% of the entire coin supply for charity… sounds exciting. And above all, sustainable. This is Chimpzee, the brand new ICO with Cyberscope certification and a successful security audit from Solidity Finance. The goal of the $CHMPZ token is clear. Supporters should be able to earn income while protecting the environment and animals.
The special features of Chimpzee:
- ICO with a mission: The rainforest is to be reforested with 20,000 trees.
- Web3 Platform: Numerous functions such as Shop-2-Earn, Trade-2-Earn & Play-2-Earn.
- Potential: Increasing the spread of meme currencies strengthens market success.
To achieve this, Chimpzee has the goal of planting 20,000 trees in the Brazilian rainforest, together with the organization One Tree Planted. 1200 have already been successfully planted. How can you support the project? With Chimpzee’s Shop-2-Earn, Trade-2-Earn, and Play-2-Earn approach.
This cryptocurrency combines several functions on how to participate in the project. There are also bonuses and raffles. The ICO Coin Chimpzee is currently in the first stage of pre-sales. Four stages are planned, over which a total of 40 billion tokens will be distributed.
| Presale started | June 2023 |
| Purchase method | ETH |
| Chain | Ethereum |
| In total | 200,000,000,000 |
| Minimum investment | none |
| Max investment | None |
8. SOLA-X – Solana based Smart-Luiqidity protocol
cm is an innovative crypto project that wants to redesign automated market makes (AMMs) within the Solana ecosystem. A unique liquidity pool is to be developed for this purpose. This allows investors to place their assets directly in a pool and benefit from attractive interest rates across the entire market.
The assets are then automatically distributed across different liquidity pools to achieve the highest return. All fees received are redistributed to the individual investors by providing liquidity. The project thus offers automatic pool selection and the best interest rates. Since the staking pools also support multiple cryptocurrencies, investors are offered greater flexibility.
The special features of SOLA-X:
- Problem-solving: Implementing Wormhole Token Bridge & DeFi 2.0 Smart Liquidity Protocol.
- Competitive Advantage: Pioneer in AMM architecture on Solana
- Cheap entry: Early supporters expect low prices in the presale.
SOLA-X is a key pioneer in the area of ??AMM architecture on Solana and therefore has an important competitive advantage. Investors can buy the native SAX token in the ICO and expect favorable prices as early supporters. If the project proves to be successful, holders of the tokens will not only earn passively from the liquidity fees but also from the increase in the value of the cryptocurrency.
| Presales started | March 24, 2023 |
| Purchase method | SOL |
| Chain | Solana |
| Hard cap | 500,000,000 SAX |
| Minimum investment | Not specified |
| Max investment | Not specified |
9. Incentive – Earn crypto rewards with surveys
Incentive is a crypto project that wants to reward users for completing surveys. There are already many providers in this area who reward participants with vouchers and transfers, but none of them are yet really using the blockchain effectively. Incentive wants to unite the industry with blockchain technology, whereby rewards will be credited in the form of cryptocurrencies.
The platform’s token is called INC and is intended to be used for the reward system. The high transaction speed of the Polygon network ensures many transactions and low fees. In addition, INC transactions cannot be subsequently changed or manipulated, making survey participation anonymous and fraud-proof.
The special features of Incentive:
- Innovative: Effective use of blockchain technology on a survey platform.
- Cheap transactions: Thanks to the high transaction speed of the Polygon network.
- Cheap entry: ICO Coin can be purchased cheaply in the presale.
The ICO Coin can be purchased cheaply in the presale, even before the cryptocurrency is publicly traded. This often creates good buying opportunities if a project establishes itself on the market in the long term.
| Presales started | Q1 2023 |
| Purchase method | MATIC |
| Chain | Polygon |
| Hard cap | 100,000,000,000 INC |
| Minimum investment | Not specified |
| Max investment | Not specified |
10. ASTL – Crypto mining with the help of AI
ASTL is a new crypto project that specializes in mining cryptocurrencies. The company behind the ICO Coin has its own data centers for mining. Unlike many other mining farms, the company uses green energy and artificial intelligence to make its use as effective as possible.
Anyone who invests in the ASTL token will receive a direct share of the profits from mining. Returns are to be credited in USDT and are proportional to each investor’s ICO investment. A total of three different packages are offered in which investors can invest.
The special features of ASTL:
- AI integration: Crypto mining with the help of artificial intelligence & our own “green” energy.
- Profitable mining: Latest mining equipment and smart management of energy distribution.
- Rewards: Each owner of the ASTL token package will receive a monthly fixed reward in USDT.
The potentially high returns look promising. That’s why it can be worthwhile to buy the ASTL token in the ICO. The cryptocurrency is currently being sold for a price of 0.25 US dollars, which means that it is still possible to get started cheaply.
| Presales started | Q1 2023 |
| Purchase method | BTC, ETH, DOGE, LTC, XMR, VISA |
| Chain | Binance Smart Chain |
| Hard cap | 50,000,000 ASTL |
| Minimum investment | 100 USDT |
| Max investment | 1,500,000 USDT |
11. LuxWorld – WEB3 Lifestyle App with ICO
With LuxWorld, traveling is combined with the advantages of Web3. On the one hand, great added value for travelers should be offered here and, on the other hand, rewards for traveling should be distributed. With the help of the LuxWorld app, these wishes will soon become reality, so that rewards can be unlocked by traveling and discovering new places.
The entire project works by using the blockchain, which means that many processes are carried out automatically. Ultimately, LuxWorld is based on the concept of social fi, which combines social areas of life with financial incentives. In order to ultimately earn rewards from traveling, so-called check-ins must be carried out. This verifies that the trip actually took place.
The special features of LuxWorld:
- Web3 lifestyle app: Combines NFT gamification and interactive social fi layout.
- “Travel to Earn”: LUX dollars can be earned while traveling with luggage NFTs & check-ins.
- Passive Income: LUX holders can staking and generate income.
In addition to using the platform as a traveler, investors can also purchase check-in nodes as NFTs. This makes you a location owner and allows you to receive additional rewards when checking in at other destinations. By investing in LuxWorld’s ICO coin early in the presale, you can speculate on a price increase.
| Presales started | Q1 2023 |
| Purchase method | USDT, BUSD, ETH, BNB |
| Chain | Arbitrium One |
| Hard cap | 2,000,000,000 LUX |
| Minimum investment | Not specified |
| Max investment | Not specified |
What is an Initial Coin Offering (ICO)?
An initial coin offering or ICO is used to raise funds for a new crypto project. To do this, the project issues a token in a presale before the cryptocurrency is publicly traded. The token often has a significant function in the context of the project, which can increase its value.
Ultimately, the model of ICOs is very similar to that of crowdfunding campaigns. Capital is invested in a project that often does not yet have a fully developed product. Instead, the vision and background of the founders are used to assess whether it could be a successful venture. For example, ICObench.com offers an overview of brand-new ICOs.
The tokens received can be traded on a crypto exchange at a later date like all other cryptocurrencies. However, to protect investors, the project team’s coins have a lock-up period, which means they are often only distributed to the team months later.
Overall, ICOs have had a significant positive impact on the crypto market. Many of the tokens are cryptocurrencies with a future. Some of the largest and most important cryptocurrencies were originally funded using the method. The most well-known example is Ethereum. The cryptocurrency has now become the second largest in the world.
How do ICOs work?
How ICOs work is based on the sale of a cryptocurrency to finance a project in the crypto sector. For this purpose, the team behind the presale first creates a white paper that describes the entire project in more detail. Potential investors then use this to find out more about the project. In addition, the ICO team usually needs a website to enable presales with a simple user interface.
Once the ICO coin is available for pre-sale, investors can connect their wallet to the website. Now the project’s token is sold in exchange for payment with another cryptocurrency. As soon as the transaction is processed on the blockchain, the tokens are either credited or the tokens are claimed.
Often the purchased cryptocurrency is only transferred to the wallet after the pre-sale has been completed. The reason for this is usually to prevent premature trading of the token.
Are crypto ICOs good investments?
ICO investments can be lucrative and bring high returns. Some can also lead to a crypto bull run. However, not every ICO coin is automatically a financial success. There are numerous projects that fail or do not meet their milestones. It is therefore important to always carry out intensive research in advance in order to identify new, promising cryptocurrencies.
A strong community should often not be underestimated. However, there should be fundamental added value in order to achieve a positive price development in the long term. If a project offers both a strong community and high value, it can be a good investment.
Early chance to invest in innovative crypto projects
A particularly big advantage of ICOs is the chance to be one of the early investors in an innovative project. Early investors get the best prices, which are often far cheaper than the introductory price at the start of public trading. There have been some projects in the past that have increased in value more than a thousandfold since the ICO presale.
Potential for high returns
Thanks to the cheap entry into the ICO, investors can expect a high return if the project is successful. The valuations in the ICO phase are often very low, meaning that the market capitalization of the projects is usually only a fraction of successful coins. This allows exponential increases in value, which can lead to huge returns.
ICO vs IPO – what is the difference?
Both the ICO and the IPO serve as a means of raising capital to raise funds for a company. In the world of stocks, companies have the opportunity to obtain additional capital by selling securities. This involves converting a private company into a publicly traded stock corporation. With the IPO or initial public offering, the shares are sold on the stock exchange for the first time.
An ICO, on the other hand, offers an alternative form of raising capital. Instead of stocks, digital crypto tokens are issued here that are stored on the blockchain. The ICO route involves far fewer regulations and framework conditions than the classic IPO.
How do you find safe and reputable ICOs?
Finding safe and reputable ICO drops is not always easy. There are always founders here who pursue a promising idea but want to remain unknown. Likewise, the idea can be too ambitious and is doomed to failure from the start. There are several factors that should be taken into account before purchasing a new cryptocurrency in ICO.
1. Analyze team
The team behind an ICO coin is the most important indicator of the success or failure of a project. That’s why it’s important to always check the team before investing. In many cases, the LinkedIn profiles can be accessed directly via the project website. Here the previous work experience of the team members can be checked and verified.
This makes it possible to quickly assess whether the team might be able to achieve the set milestones. Often there are consultants on the team who have already worked on previous ICOs.
2. Valuate tokens
Also important to evaluate is the token and the properties associated with it. The tokenomics in the white paper can help with this. Here you can see how many coins are distributed to the individual stakeholders. You can also see how large the entire supply is and what blocking periods exist for the team tokens. What is particularly important here is whether it is an inflationary cryptocurrency or whether the supply is fixed.
3. Check safety standards
If you want to buy a coin in the ICO, you should always be careful and check all security standards. When purchasing, your crypto wallet is connected to the website, which could fundamentally allow a hacker attack. That’s why it’s even more important to check in advance what security checks have taken place. You can also search for other investors on Reddit or Twitter who are publicly analyzing the smart contract.
This is how you find the best ICOs in 2023
Finding the best ICOs in 2023 doesn’t have to be difficult if you follow a few basic research procedures. It is also important to know where to research in order to locate them. We recommend using the following sources to buy a promising cryptocurrency in ICO.
Read white paper
The white paper is the most important source of information when it comes to the content and scope of a project. Not only the vision, but also the entire plan, functionality, and roadmap are described in detail here. This gives interested investors a deep insight into the design of the project and possible implementation.
Use social media
In order to be informed about new ICOs, it is important to be present on social media. Twitter is currently probably the most important source of information in the area of ??cryptocurrencies. All promising crypto projects are represented here and announce important announcements and details in their tweets.
When researching social media, it is important to be careful not to fall for fake accounts. In addition to countless informative accounts, there are unfortunately numerous fraudsters who are aiming to gain access to your wallet.
Follow crypto experts and news
New ICO drops are often announced by well-known crypto experts. However, it can also be worthwhile to follow news from the crypto sector. In both cases, objective reporting should be ensured in order to obtain honest opinions about the upcoming ICO. It is also important to always find multiple sources of information to verify statements.
Discord and Telegram
Discord and Telegram have also developed into popular platforms in the crypto sector in recent years. Almost every project is represented on one of the two media in order to maintain exchange with the community. Not only are there plenty of opportunities to get in direct contact with the team. You can also seek contact with other investors.
The following steps show how investors can become part of a Discord or Telegram community:
- Participation in crypto communities
- Participate in discussions
- Join channels with ICO announcements
Follow Reddit
Reddit is also interesting as a source for ICOs. The forums are used by many experienced crypto investors to exchange ideas or announce new projects. We regularly test the channels and see which Reddit cryptocurrencies are trending.
Past ICOs with high returns
In order to find profitable ICOs in the future, it is also important to take a look at the past. That’s why we’ve presented some successful presales in more detail here. You can use these to find some clues that are crucial for success in advance sales.
The following projects can also be worthwhile in order to find a suitable entry point even after the ICO has taken place.
BTC20 – will this be the new Bitcoin?
$BTC20 builds on the memory of BTC’s emergence as the first cryptocurrency ever. But the technical implementation could hardly be more opposite. Through staking, BTC20 is significantly more environmentally friendly.
Because it is based on the Ethereum blockchain, it can also be used much more flexibly. 6.05 million BTC20 tokens were available in the presale – as many tokens as BTC had in circulation when it first broke $1.
Thug Life – Meme Coin with hype potential
The Thug Life Token represents the shared experience of fighting in the world of Web3. Many investors have had bad experiences recently and lost money due to unsuccessful meme coins.
That’s why Thug Life focuses on cohesion and humor and turns the traditional world of cryptocurrencies on its head. This is all about commitment to the community.
Battle Infinity
A connection between blockchain and the gaming industry was excitingly anticipated. The Battle Infinity project has proven to be a pioneer in many aspects.
Players can not only earn cryptocurrencies in the game but also experience incredible gaming fun. However, the price has now fallen somewhat, which may offer an exciting entry opportunity.
Lucky Block
Lucky Block also had a successful presale. The online casino is known for its huge variety of games and deposits with cryptocurrencies. In the first quarter of 2022, the LBLOCK token was issued in the ICO. This brings investors numerous advantages to the casino website.
The success of the token and the excellent gambling offer make Lucky Block our currently best Bitcoin casino. Since the presale has now been completed, the token must be purchased via a crypto exchange.
Tamadoge
The well-known MEME cryptocurrency Tamadoge got off to a rapid start in 2022 immediately after the ICO. Since then, the price has been declining, which offers room for new entry opportunities. The concept is primarily based on community cohesion but also includes pets as NFTs that can be used to compete against other players in battles.
Using rankings, the best players are regularly identified and rewarded with cryptocurrency.
DeFi Coin
As the self-proclaimed future of algorithmic trading, DeFi Coin has promised a lot to new users. Holders of the token are intended to passively earn cryptocurrencies with reflections and liquidity pools.
The smart contract has been checked by SolidProof and has successfully passed the audit. Accordingly, the coin with its innovative approach is still worth a look even after the successful presale.
Are crypto ICOs legal?
So far there is no law in the Philippines that prohibits buying cryptocurrencies in ICOs. Investors can therefore still take part in the pre-sales without hesitation and benefit from low prices. However, in some countries the laws can be far stricter, causing some ICOs to require further data to verify identity.
Normally, however, you can easily participate in most ICOs without revealing your identity. There is currently no unified solution at the global level. That’s why some projects secure themselves with a KYC in order to meet global requirements.
Overall, investors can legally buy a cryptocurrency in the Philippines in the ICO and take advantage of the low prices in the presale. However, investors should be aware of the risk if, for example, the project is operated from abroad where there is no legal protection from the state. Should a project based in the Philippines be financed with an ICO, investors have some additional security.
Are crypto ICOs safe?
In addition to legality, investors often ask themselves whether an ICO itself is even safe. There are various ICO treatises and analyses that reveal the possibility of fraud.
In general, however, it can be said that the crypto ICOs listed here are not fraudulent. The providers and platforms are safe. Of course, investing in a newly started project is always risky. But the potential return is also impressive.
How do you invest in ICOs?
There are hardly any requirements to invest in ICOs. All you need is a decentralized crypto wallet with enough cryptocurrency. As soon as the research has been completed and a promising project has been found, the wallet can be used to participate in the ICO.
To do this, you must first go to the advance booking website. A connection to the crypto wallet is then established. All that is often required is the selection of the wallet used and confirmation of this. The desired amount of cryptocurrency for the ICO can now be selected.
Finally, all you need to do is approve the transaction in the wallet. The cryptocurrencies are then exchanged automatically using the smart contract. However, it should be noted that the purchased coins are often not immediately displayed in the wallet. The reason for this is that the release of ICO coins usually only takes place after the presale has ended.
Conclusion – Buying Ico Can Be Worthwhile
Investing in an ICO coin offers high returns and many benefits for early investors. There have always been successful ICOs that have established themselves on the market over time and have brought enormous profits, especially to early supporters. However, there are also numerous tokens in the presale that have not been able to prove themselves.
It is therefore important to always carry out extensive research in order to minimize the risk as much as possible. This increases the chance of placing a profitable ICO investment enormously.