What is an ICO?
An ICO is a fundraising event in which a business offers a new cryptocurrency in order to raise funds. In return for their financial contributions, investors are given crypto.
An ICO resembles an IPO in the stock market in many ways. Furthermore, ICOs can be incredibly lucrative, but their lack of regulation makes them extremely dangerous. An ICO typically has the advantage of being inexpensive for investors to purchase. When the project goes live, users will be able to either use their coins on the platform or store them for subsequent trading on cryptocurrency markets. Because of the high volatility of cryptocurrencies, it is likely that the price will rise.
For various investors, purchasing cryptocurrencies for pennies on the dollar and then reselling them for a profit is an enticing one. More money can be raised using this method than through traditional means, which is beneficial to the company’s ability to continue operations. EOS ($4.1 billion), Telegram Open Network ($1.7 billion), and Bitfinex ($1 billion) were three of the most popular ICOs.
Top upcoming ICOs in 2022
Minter Hub
Minter is a rewards and loyalty points network driven by a super-fast and secure blockchain. It takes minutes to develop a rewards or loyalty system for any brand, community, or blogger with their own custom currency on this platform. The term “coins” encompasses a variety of different types of rewards, such as points, cashback, savings, and more.
It is possible to transfer them between users, trade them for each other, or use them to purchase products and services. All of the multi-signature wallets on all of the networks (Minter, Ethereum, and BSC) are accessible by Minter Hub’s own oracles (validators). Oracles issue a “mirrored” version of the currency on a different network.
GameInfinity
Described by its creators as the world’s largest Web3 gaming platform, GameInfinity has in-game NFTs that generate value for holders every time they play. More than 50,000 game sessions and over 100k active gamers are listed on the project’s website after just two months. Its whitepaper states that at least 20 games of both single-player and multi-player NFT integration will be in Web3 games.
Gameinfiniy’s NFT will be available for purchase directly on the NFT marketplace, and everyone who has one will receive $GAMEIN incentives for every game they play. May 9th, 2022, marks the end of the ICO, which began on April 8th, 2022. Investors can purchase one $GAME token for one Binance BNB token on the Binance platform.
GRN
Proof of Stake V2 is the consensus mechanism for GRN Grid, a groundbreaking blockchain system built on this consensus mechanism.
GRN Grid is a smartchain that actively encourages decentralization and security via the use of its original and unique Proof of Stake v2 algorithm. Staking, paying fees, and rewarding validators are just some of the functions of Grid’s GRN token. Also, a renewable energy and mining corporation uses GRN tokens to promote the use of renewable energy by using GRN tokens in their operations.
In the event that Web 3.0 is widely adopted, Grid hopes to hasten the deployment of renewable energy in blockchain technology and provide every business and individual with the opportunity to “go green.”
To date, Grid has been recognized as the first smartchain that can run only on renewable energy sources. An integrated escrow and payment system, exchanging pools, and encrypted user chat are just a few of Grid’s major additions.
It is an ERC-20 token and has a bridge between the native token and the ERC-20 token. It has a soft cap of 500,000 USDT and a hard cap of 1,620,000 USDT. Investors can purchase a native token for 0.12 USDT per token.
Forgotten Coin
Forgotten Chain is an MMORPG built on blockchain. It is set in a player-driven enigmatic fantasy environment, and Forgotten Coin (FTC) is the game’s native currency. With the Forgotten Chain, gamers will be able to make money while participating in the Forgotten Metaverse, which aims to integrate business with gaming. It’s a thriving economy, supported by its own currency, FTC. One way to earn FTC is to run a business that provides the services players need to progress in the Metaverse.
On top of that, most in-game assets also have “physical” representations in the form of NFTs, which is where the Metaverse gets fascinating. An NFT will represent each asset, and the NFT can be updated and traded between participants. April 28th through May 2nd will be the ICO’s trading window.
Investors can purchase the FTC coin for 0.01$ through private sale and for 0.03$ through the public sale. The coin is a BEP-20 token, and users can buy it using BNB. In order to assure a win, you should acquire FTC at a price of 0.03$ as soon as possible, as more people join and begin to transact.
Veritise (VTS)
Veritise project services include verification, identification verification, collecting, and analysis of data. The Veritise Enterprise-grade blockchain lies at the heart of these features because of its capacity to securely and immutably store data.
There are many advantages to using Veritise for verification, including the capacity to remotely establish ownership of an item and the ability to prevent counterfeiting, brand protection, and real-time product information updates.
Additionally, Veritise establishes two-way contact between consumers and manufacturers with reference to data collection. It enables instant warranty registration, customer loyalty programs, and eco-friendly incentives, all of which are accessible through the use of QR code scans.
Users can leverage Veritise’s blockchain technology to provide access through a fast path to learning and demonstrating the underlying events. Things like internet reviews, business card verifications, and even a mechanism to quickly verify your own identification are part of the deliverables in this category.
There will be an ICO on September 3rd, and it will end on September 30th. Investors can purchase for as little as €0.30 in BTC, ETH, USDT, or fiat.
In summary
Some of the top upcoming ICOs in 2022 should be on your radar if you’re considering investing in new ventures with cryptos. ICOs appeal to investors because of the possibility of getting a piece of a hot coin at an early stage. However, the enormous quantity of prospective ICOs necessitates much time and effort to sort through. Therefore, it’s best to proceed cautiously because of the potential dangers.
