With the cryptocurrency market continuing to suffer the effects of inflation and interest rate hikes, it’s likely that many investors are increasingly looking towards the future. This means smaller altcoins, as well as projects that have only just recently launched, and therefore have plenty of future gains left in them. One way of identifying future big movers in the cryptocurrency market is to focus on ICOs and token presales, since the best of these can offer a way of buying altcoins early at very cheap prices.
Accordingly, this article compiles the best new crypto ICOs to invest in at the moment. This includes tokens whose ICOs are still in progress, as well as tokens whose ICOs have just ended.
New Crypto ICOs to Invest in September 22
One of the most exciting new altcoins on the market, TAMA is the native token of the pet-themed Tamadoge metaverse/play-to-earn game. Running on Ethereum, Tamadoge will enable users to mint NFT-based pets, raise them and use them to battle against other players.
TAMA’s presale kicked off in early August and has just ended. Beginning with a relatively modest target of $2 million, it ended up raising $19 million. Such an overshoot is an incredibly encouraging sign for its future growth and development, and with its first CEX listing set to be announced tomorrow, the coin could start paying dividends for its early investors soon enough.
Broadly comparable to something like Axie Infinity, Tamadoge’s play-to-earn platform will give users the chance to battle their Tamadoge pets and earn rewards for doing so. In addition, players will also be able to sell their NFT-based Tamadoges on the secondary market, offering real potential for profits.
With already more than 68,000 users on Twitter, it’s very arguable that Tamadoge will attract plenty of players once its gaming metaverse is launched. As such, it could end up being one of the most successful crypto ICOs of the year.
Neptune Mutual (NPM)
Neptune Mutual is a decentralized insurance provider, facilitating parametric cover pools that offer insurance against risks related to the cryptocurrency market. It raised $5.3m in private funding in May of this year, after the successful launch of its testnet.
As described in the press release announcing this raise, Neptune Mutual functions as a “marketplace for parametric cover protection of digital assets against hacks and exploits. Stakeholders can choose to assume one or multiple roles, for example, a cover pool creator can also choose to become a liquidity provider.”
It has planned an IDO for its NPM token on Poolz, although there’s no fixed date for this token sale as of writing. Within the Neptune Mutual ecosystem, NPM works as a utility token, enabling holders to participate in insurance pools.
Magic Square (SQR)
Magic Square is an upcoming decentralized Web3 app store. Running on the Solana blockchain, it combines a decentralized autonomous organization (DAO) with crypto’s equivalent of the Apple App Store.
It will hold an initial DEX offering (IDO) on Poolz, starting from September 26. Within the Magic Square ecosystem, SQR will function primarily as a governance token, offering holders to participate in community votes and to use certain features of the Magic Square ecosystem (such as accessing and downloading apps).
According to Magic Square’s page on ICO Drops, 15.5% of SQR’s maximum supply one billion SQR will be made available by the upcoming IDO. In the future, it will be possible to stake SQR as well as use it within the Magic Square platform, although this staking feature isn’t due until late 2023.
Magic Square launched the beta version of its app store in August, and currently boasts over 100,000 followers on Twitter. Given this progress, it looks like it’s shaping up to be a promising new platform.
Swords of Blood (SWORD)
Running on the Solana blockchain, Swords of Blood is a blockchain-based RPG game that promises to combine play-to-earn features with genuinely playable hack-n-slash gameplay mechanics. It has already accumulated over 74,000 followers on Twitter, since starting an account in February.
Encouragingly, Swords of Blood is due to launch its beta server in the next few days, offering gamers a chance of what it will actually be like to play. This stands in positive contrast to some upcoming platforms, which have released their native tokens without doing the same for their actual products.
With regards to Swords of Blood’s ICO, it began on September 1 and has raised $3.9 million of a $5 million target. However, the games developers have actually paused the sale, while they update its tokenomics and its game economy.
This pause might be disappointing for some, but it shows that Swords of Blood’s developers are taking their project very seriously. New ICO details will be released shortly, via the game’s official channels.
Battle Infinity (IBAT)
IBAT closed its successful presale at the end of last month, raising more than $4 million in a couple of weeks. Since then, it has received listings on PancakeSwap, LBANK Exchange and Coin98, testifying to its rapid growth.
In terms of current prices, IBAT has risen by 3,5% in the past 24 hours, reaching $0.00309640. However, this represents a 13% drop in a week and a 26% fall in a fortnight, although the coin is up by more than 100% compared to its presale price of $0.0015.
Based on Binance Smart Chain, IBAT is the native token of the Battle Infinity is a sports-themed gaming metaverse. Still under development, it will feature a variety of NFT-based games, including the IBAT Premier League.
The latter will enable players to build their own fantasy sports teams made up of NFTs of real-life athletes. These teams will then be able to compete against each other, with winners receiving crypto-based rewards.
In time, Battle Infinity will also grow to incorporate other crypto and NFT-based games. On top of this, it will also involve a staking feature, which is now due to launch on September 24.
This comes in addition to its own DEX, and an NFT marketplace, meaning that Battle Infinity is aiming to become a thriving platform.
Source: Crypto News