As the crypto industry evolves with each passing year, ICOs or Initial Coin Offerings have become one of the most effective methods to raise funds in the initial phases of a project. For those who have just begun their trading journey, it is crucial to learn about these ICOs and what they entail. That’s why we have come up with this article. Here, we will discuss ICOs, what they are, and even discuss the top trending ICOs.
What Are ICOs?
An ICO is a method employed by new and upcoming crypto projects that are looking to raise their capital. In these programs, the company mainly sells its new digital token in exchange for financial contributions from engineers. The distributed token may represent a stake in the company or have some use cases within the new project’s environment.
The ICOs are quite similar to that of the IPOs offered in the stock market, where a company sells its shares to the public for funding. ICO is an ideal way for various start-ups to raise their funding in the initial stages. Those interested in the project’s goal can use these mechanisms to access its associated token.
Working Of ICOs
It is mainly through these ICOs that the infant companies or projects secure the funds that they need for future development. Implementing an ICO entails doing several steps correctly. These steps may vary slightly depending on the project’s goals. The steps include
1. Creation Of Whitepaper
Creating a whitepaper is one of the first steps that you need to take to launch an ICO. A crypto white paper is a document that provides details regarding a project’s concept, the associated technology, and how it will benefit you. They are typically created by the development team in charge of the project. The main purpose behind them is to attract potential investors and users to their project.
2. Marketing
The next step involves adopting various marketing strategies to spread awareness about the new project. They start this normally by announcing the launch of their ICO through various social media and other platforms.
3. Designing & Creating Token
The next step is to align with designing and creating a token, which they will distribute through the ICO. These tokens in most cases have several use cases within that project’s environment.
4. Pre-Sale & Investment
Some projects may conduct a pre-sale where they sell a small amount of tokens to particular investors. This not only provides the project with considerable money but also helps in boosting community sentiment.
5. Public ICO Launch
The next is the ICO launch phase where the developers provide potential investors with various details regarding the event like the trading pairs, wallet addresses, and the limit regarding contributions.
6. Listing
After the ICO event has concluded, next comes the listing phase. In this phase, the token will be listed on some exchanges. This allows investors to trade their tokens and also helps in improving their liquidity.
Importance Of ICOs
ICO is one of the most important phases that needs to be adopted to increase the probability of the success of a crypto project. Some of the reasons why it is considered so are listed as follows.
- Fundraising: ICOs help in covering the cost associated with maintaining and improving a project, by allowing potential investors to contribute to their project by purchasing its token.
- Global Capital: ICOs provide the project with access to a global pool of investors, who have the potential to contribute a lot of money for their project.
- Convenient For Start-ups: ICOs are perfect for start-ups looking to raise capital for their project.
- Liquidity: The ICOs can provide liquidity into the market. After an ICO, a token gets listed on exchanges and gets traded, which helps in attracting investors and boosting liquidity.
- Profit: ICOs can provide early investors with high profits and ROI.
Top 5 Trending ICOs To Watch For
There are many ICOs out there that have the potential to significantly boost your income. Here, we will look into the top trending ICOs that have been creating a huge sensation in the market.
1. Wall Street Pepe ($WEPE)
The Wall Street Pepe is a meme coin that has been turning the heads of a lot of investors in the crypto market. As it is a meme coin, there is a huge probability that it will surge in the initial days of its listing. However, you should also keep in mind that the coin is highly volatile and is a high-gain high-risk venture.
2. Solaxy (SOLX)
Solaxy is one of the top trending ICOs which aims to be the first layer 2 token that will get integrated into the Solana blockchain. The platform’s native currency, $SOLX will facilitate as a bridge between the Solana and Ethereum. Therefore, the coin has a huge potential in the market.
3. Flockerz (FLOCK)
Flockers is yet another crypto project that has been gaining traction in the market. It is a platform that aims to monetize its community through a voting system named DAO (Decentralized Autonomous Organization). The platform allows users to vote on various future proposals related to the project and earn rewards.
4. Best Wallet Token (BEST)
Best is a popular wallet that helps users to manage their crypto effectively. The platform has recently launched its new token, $BEST. It is the native currency of the platform and can provide you with many benefits like discounts on trading fees and higher staking rewards. You can easily access the Best Wallet’s ICO by looking at their “Upcoming Tokens” page.
5. CatSlap (SLAP)
The SLAP is the latest meme coin that is about to make its grand debut in the market pretty soon. The highly famed meme coin platform allows users to participate in global slapping competitions that allow users to earn rewards.
Now that you know the top-trending ICOs, we have prepared a table that highlights the main things about each of them to make it easier for you to get acquainted with them.
| Project | Ticker | Total Supply | Chain | Payment Methods |
| Wall Street Pepe | WEPE | 200B | Ethereum | ETH, USDT, BNB, Card |
| Solaxy | SOLX | 138B | Solana & Ethereum | ETH, USDT, BNB, Card |
| Flockerz | FLOCK | Not Available | Ethereum | ETH, USDT, BNB, Card |
| Best Wallet Token | BEST | Not Available | Solana, Ethereum, BNB | ETH, USDT, BNB, Card |
| CatSlap | SLAP | 9B | Ethereum | ETH, USDT, Card |
Final Remarks
An ICO is quite similar to that of an IPO and online funding, the only difference is that in these cases they are done for cryptocurrencies. It allows potential investors to contribute any amount of token they have and then receive the new token associated with that ICO. ICOs are a relatively new concept even for the crypto world. So, there have been many scams associated with them in the past. It would be better if you conduct your research about an ICO before investing your assets in it.
