Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Initial exchange offerings (IEOs) enable crypto startups to raise funds from the public by offering their native token in exchange for another digital asset, such as USDT, ETH, or BTC.
However, unlike an ICO, the IEO listing is facilitated by a crypto exchange, which perhaps offers more of a safeguard for investors.
In this guide, we discuss the 9 best initial exchange offerings this year.
The 9 Best Initial Exchange Offerings Happening in 2022
For a quick overview of the best initial exchange offerings this year, check out the list below:
- Tamadoge – Overall Best IEO Crypto Launch of 2022
- Battle Infinity – P2E Gaming Metaverse World With Hugely Successful Presale
- Lucky Block – Huge Competition Prizes via NFT Tickets
- Dash 2 Trade – Upcoming IEO That Shouldn’t be Missed
- DeFi Coin – New Decentralized Exchange Project Built for the Community
- Share Internet Data – Peer-to-Peer Internet Sharing Platform
- Orion Protocol – Access DEX and CEX Platforms via a Single Ecosystem
- Sportscash – NFT Marketplace for the Sports Industry
- COTI – Decentralized App for Customized Payment Solutions
Analyzing the Best IEO Cryptos to Invest in
Searching for the best IEO crypto listings requires investors to conduct their own due diligence on both the project and the exchange that is hosting the fundraising campaign.
Therefore, in this section, we take a much closer look at the best IEO cryptos of 2022.
1. Tamadoge – Overall Best IEO Crypto Launch of 2022
One of the most successful crypto startups of the year is Tamadoge. This project launched its fundraising campaign in Q3 2022 and successfully hit its hard cap total of $19 million in just two months. Tamadoge is building a much-anticipated metaverse world that enables players to enjoy play-to-earn games (P2E).
The P2E game hosted by Tamadoge will focus on a Tamagotchi-style virtual pet that is created after minting an Ethereum-based NFT. Each Tamadoge pet will have its own characteristics, such of which are much rarer than others. This is, however, based on the randomness of the underlying smart contract that backs the Tamadoge ecosystem.
Players can earn TAMA tokens by playing the Tamadoge P2E game. One such mechanism in this regard will enable players to enter battles with their virtual pets. The more successful battles, the more TAMA tokens can be earned. Tamadoge will also be building a tool that enables players to breed their virtual pets in addition to augmented reality experiences.
Back to its price action, after completing one of the best crypto presales of the year, TAMA was accepted by the popular exchange OKX for its first listing. Investors responded well to the listing, with TAMA exploding by more than 1,000%. This makes Tamadoge one of the most searched crypto in this space.
Tamadoge is also offering its own unique NFT collection, which is being sold to the public in the coming days. Some of the NFTs within the collection are ultra-rare and by partaking in the NFT sale, this offers the best price possible. Tamadoge is also offering one of the best crypto airdrops as of writing, with a giveaway of $100k to one lucky winner.
2. Battle Infinity – P2E Gaming Metaverse World With Hugely Successful Presale
Next up on this list of the best IEO cryptos is Battle Infinity. After completing one of the best crypto ICOs in Q3 2022, Battle Infinity was successful in raising over $5 million. Not only did the project reach its initial hard cap total, but it did so in just 24 days of a 90-day campaign. The buzz surrounding Battle Infinity is largely due to its innovative ‘Multiverse’.
This spin on the metaverse will eventually provide a wide range of decentralized services to IBAT token holders, which is the native digital asset of the project. This is inclusive of a fantasy sports game – the IBAT Premier League. IBAT users can earn crypto tokens for building a fantasy team of sports players. This will initially include cricket, but more sports are to follow.
There will also be an NFT marketplace, a decentralized exchange, and a staking tool. This means that IBAT holders have the option of cashing out to another digital asset or earning passive income by staking their tokens. Both of which can be achieved in-house via the Battle Infinity Multiverse.
Battle Infinity also offers one of the best NFT collections in the space. By purchasing an NFT Pass, this offers access to the play-to-earn gaming network. In turn, not only will players will be able to earn IBAT tokens by winning P2E multiplayer games, but the value of NFT will be determined by demand and supply.
To buy Battle Infinity tokens in the fastest way possible, LBank supports debit and credit deposits. Alternatively, those with access to crypto can connect their wallet to PancakeSwap and exchange the tokens for IBAT.
3. Lucky Block – Huge Competition Prizes via NFT Tickets
One of the best IEO cryptos to consider right now is Lucky Block. This project conducted its initial presale in early 2022, raising more than $5 million in the space of a few weeks. Lucky Block has since been working hard behind the scene to build its much-anticipated NFT competitions platform, which operates in conjunction with blockchain and smart contract technology.
The main concept of this project is that each competition enables entry simply for buying an NFT. Two of the most lucrative competitions available at the time of writing include a $1 million UK home and $1 million worth of Bitcoin tokens. The cost of each NFT varies depending on the competition, albeit, prices are generally very affordable.
Once the respective NFT collection has sold out for the competition in question, Lucky Block will conduct the prize draw. The outcome of the draw is both transparent and guaranteed for fairness, considering that the lucky winner is determined by a smart contract. Before and after the competition, NFT holders will receive rewards – paid in LBLOCK tokens.
This will be the case for as long as the NFT is held by the player. In terms of its price action, LBLOCK tokens were originally sold at just $0.00015 during the presale in January 2022. LBLOCK subsequently hit an all-time of over $0.009 just a month later, rewarding early investors with gains of over 6,000%.
Those looking to buy LBLOCK tokens can now do so at a huge discount when compared to the aforementioned all-time high. The easiest way to complete the purchase is via PancakeSwap, by exchanging BNB for LBLOCK in real time. Based on prices at the time of writing, Lucky Block could be the best long-term cryptocurrency to hold.
4. Dash 2 Trade – Upcoming IEO That Shouldn’t be Missed
One of the best initial exchange offerings this year that is yet to launch is Dash 2 Trade. In a nutshell, Dash 2 Trade is building an innovative analytics dashboard that will offer high-level access to a full suite of crypto analysis tools. This includes a crypto signal service, which offers the Dash 2 Trade community trading suggestions.
For instance, the analytics platform might suggest going short on XRP/USD, with an entry price of $0.52. Each and every signal at Dash 2 Trade will also provide the suggestion stop-loss and take-profit orders for risk management purposes. Dash 2 Trade will also offer access to its analytical insights.
This includes metrics that scan social media platforms for insight into the top trending cryptos. Another notable feature of the Dash 2 Trade analytics platform is that it provides the community with real-time updates on the best IEO cryptos that should not be missed. This is in addition to trading competitions and access to high-level charts and market data.
Dash 2 Trade is expected to launch its IEO in October 2022, albeit, we are still waiting for a confirmed listing date. We do know that there will be just 1 billion D2T tokens in supply and that the project is built on top of the Ethereum blockchain. As per the whitepaper, Dash 2 Trade could be one of the best future cryptocurrency projects as we move toward 2023.
5. DeFi Coin – New Decentralized Exchange Project Built for the Community
Next up on this list of the best IEO crypto projects of 2022 is DeFi Coin. This up-and-coming project is building a decentralized exchange that is not only user-friendly but packed with features. At the forefront of this will be the ability to buy and sell crypto tokens instantly and anonymously, with no requirement to provide any personal details.
The process simply requires the buyer to connect their crypto wallet to the exchange – which is branded as DeFi Swap. Through an automated market maker protocol, buyers can purchase their required tokens without needing a seller. Once the DeFi Swap exchange is launched – which is expected to happen in the coming weeks, the initial focus will be on BSc tokens.
However, the team of developers is working on cross-chain functionality, which will likely support popular blockchain networks like Ethereum and Bitcoin. In the meantime, the DeFi Swap exchange will also be launching its staking facility in addition to a yield farming tool. Both of these features enable investors to generate a passive yield without requiring a third party.
Those with an interest in DeFi Swap can invest in this project by purchasing DeFi Coin tokens from PancakewSwap Taking into account that the project has been working on the development of its exchange for nearly one year, the price of DeFi Coin will attract value investors. This is because the project carries a market capitalization of just $1 million.
6. Share Internet Data – Peer-to-Peer Internet Sharing Platform
Share Internet Data is the next project that makes this list of the best IEO crypto listings for 2022. In its most basic form, the project is building a peer-to-peer platform that enables users to share their internet resources with those in need.
This can be achieved through the Share Internet Data mobile app for iOS and Android. After connecting to the system and sharing internet resources, users can earn rewards in the form of points.
2 points are paid for each shared connection, with can be converted into 20 MB worth of bandwidth. Share Internet Data will also be launching its SID token via the upcoming IEO. In total, the project is looking to raise up to 80 million EUR.
7. Orion Protocol – Access DEX and CEX Platforms via a Single Ecosystem
Orion Protocol is another option to consider when searching for the best initial exchange offerings this year. This project is building an ecosystem that will enable token holders to access a wide range of CEXs, DEXs, and swap pools – without needing to leave the user’s wallet.
One such advantage that this will bring is that there is no requirement to use multiple exchanges to access preferred tokens. Instead, investors can trade via Orion Protocol and access a plethora of exchanges in one single place.
In turn, this also means that investors will have access to the best price possible when buying and selling digital assets. According to third-party sources, Orion Protocol will be launching its ORN token via an IEO later this year. The total hard cap that the project aims to reach is $4 million. The IEO will accept BTC, ETH, and HOLO.
8. Sportscash – NFT Marketplace for the Sports Industry
Sportscash could be the best IEO crypto launch this year for those with a passion for sports. This project is building an NFT marketplace that aims to attract sporting stakeholders – from fans and clubs to advertisers and agents.
The marketplace will enable stakeholders to create and sell their respective NFTs via a decentralized ecosystem that is fueled by the SCOneX token. In total, this project is looking to raise $2 million via its IEO launch.
Bonuses are on offer for earlier investors, with the first and second IEO round offering an additional 25% and 10% in SCOneX tokens. The Sportscash IEO will accept a range of digital assets as payment, inclusive of Bitcoin, Ethereum, Waves, and XRP.
9. COTI – Decentralized App for Customized Payment Solutions
The final project to be discussed on this list of the best upcoming IEOs this year is COTI. This project is looking to develop a decentralized app that enables consumers, businesses, and government entities to access customized payment solutions.
COTI claims that this will provide a gateway for cheaper and faster payments, in a burden-free manner. The gateway runs in conjunction with Trustchain, which COTI claims can process up to 100,000 transactions per second.
The COTI initial exchange offering is currently live and as of writing, has raised over $3 million. This represents 10% of its $30 million hard cap target. The IEO supports payment in BTC, ETH, and fiat.
What is an IEO?
An initial exchange offering, or IEO, enables new cryptocurrency projects to launch their native digital token to investors. The process is largely similar to an initial coin offering (ICO), insofar as IEOs allow projects to raise much-needed capital.
In most cases, the project will create its own token in exchange for large-cap digital assets, such as Ethereum or Solana. In turn, investors will receive the project’s token after the IEO has concluded.
The main difference between IEOs and ICOs is that the former is conducted via a crypto exchange. This means that in order to access the fundraising campaign, investors will need to open an account with the exchange in question.
The theory is that by opting for an IEO, investors are provided with an additional safeguard. This is because the exchange will be responsible for performing due diligence on the IEO project and its founders. However, this doesn’t guarantee that the crypto startup is legitimate.
As such, IEO investors are advised to do their own research.
How do Crypto Initial Exchange Offerings Work?
Although no two crypto IEOs are the same, the end-to-end process is largely similar across all listings.
First and foremost, the crypto startup will contact their preferred exchange for the IEO listing, alongside an application that outlines the fundamentals of the project. The ball is then in the court of the exchange, which will determine whether or not it wishes to host the IEO.
If it does, the crypto project will then release information on the fundraising campaign. In some cases, there will be just one IEO, while in others, there could be multiple. Each IEO will have its own hard cap total, which refers to the total amount of capital it wishes to raise.
For example, Tamadoge recently set its hard cap at $19 million – which the project raised in its entirety. Once the IEO goes live, investors will then need to exchange a supported digital asset for their desired number of tokens.
If the exchange is centralized, then this means that the investor will need to manually deposit the tokens through a standard wallet transfer. If the IEO is held on a DEX, then the investor can simply connect their wallet to the platform and initiate the exchange.
After the IEO has concluded – either because it has reached its hard cap total or the investment phase is closed, investors will then receive their presale tokens. In many cases, the project will then proceed to officially list its token on an exchange, meaning it can be traded by the public.
How to Find the Best Upcoming IEOs?
As we discuss in more detail shortly, the best IEO cryptos often offer investors an opportunity to buy into a project at the very start of its journey.
In turn, this means investing in a project while it carries a modest market capitalization, meaning that there is plenty of upside potential to target.
However, finding the best IEO crypto projects is the hard part – considering how many listings are being initiated in this space.
The first step in finding the best IEO cryptos is to spend some time researching leading launchpads. Top IEO exchanges include the likes of Binance, Kucoin, and FTX.
By heading over to these platforms, investors can explore whether any IEOs are about to be launched.
If this is the case, the platform will offer full details on the IEO in terms of the total token allocation, also price, and links to the project’s website and whitepaper.
Some IEOs are conducted on lesser-known exchanges, especially when the project prefers decentralized exchanges.
As such, it is also worth using a third-party website that specializes in IEO (and ICO/IDO) listing announcements.
This will ensure that upcoming IEOs are not missed. Some third-party platforms in this space also offer an alert service, which means investors will receive an email when a new IEO announcement has been made.
Whitepaper and Due Diligence
Having access to upcoming IEO listings is the easy part. Knowing which projects represent a worthy investment is significantly more challenging.
A good starting point in this regard is to visit the IEO project’s website and download the whitepaper.
A legitimate crypto startup will offer a highly comprehensive whitepaper that explains everything there is to know about the venture – including but limited to its long-term objectives, roadmap targets, background information on the development team, and the tokenomics of its native digital currency.
After reading through the whitepaper, IEO investors are then advised to conduct independent research on each and every claim that has been made.
Only then should investors consider their next move.
Are IEO Coins a Good Investment?
IEOs, in addition to ICOs and IDOs, will not be suitable for all investor profiles.
As such, before researching upcoming initial exchange offerings this year, beginners are advised to make the following considerations:
Lowest Token Price Possible
First and foremost, in a similar nature to stock IPOs, crypto IEOs typically reward earlier investors with the best price possible on the respective token.
In fact, the earlier that an investor gains exposure to IEO, the more favorable the cost price often is.
For example, during the Tamadoge presale, the token price increased gradually as each tranche of tokens was sold.
Nonetheless, by investing in an IEO, the hope is that once the token is launched on a public exchange for trading, its value will increase.
The vast majority of IEOs are utilized by new crypto startups. This means that because the project is still in its infancy, it will carry a small market capitalization.
This is not too dissimilar to investing in a traditional startup long before its IPO campaign.
For example, when Lucky Block completed its presale campaign in early 2022, it carried a market valuation of just $16 million. In just a month of trading, Lucky Block went on to reach a valuation of over $1 billion. This represents growth of over 6,000%.
Crucially, although risker when compared to large-cap projects, IEOs with a small valuation offer a much higher upside potential.
Perhaps the most anticipated part of the IEO investment process is when the respective token is listed on a public exchange for trading.
This should not be confused with the exchange that the token is listed on for the purpose of the IEO. Nevertheless, the initial exchange listing offers an opportunity to those that missed out on the IEO fundraising campaign.
If the project is solid and has created subsequent levels of hype, this can result in a huge wave of buying pressure after the exchange listing.
If this is the case, this can benefit IEO investors greatly.
How to Invest in an IEO
One of the best IEO crypto listings of 2022 – Tamadoge, has already concluded.
With that said, those that missed out can now invest in this project while it carries a small market capitalization.
This section will explain the investment process when using OKX.
Step 1: Open an OKX Account
Do note that OKX also lists Tamadoge tokens on its DEX. However, this beginner’s guide will explain the process when using the OKX CEX, as it supports fiat currency payments in a user-friendly manner.
So, the first step is to register an account with OKX by entering an email address and choosing a strong password.
Those planning to deposit funds in fiat currency will now need to go through a brief KYC (Know Your Customer) process.
This will require some personal information, contact details, and a copy of a government-issued ID.
Step 2: Deposit Funds
Now that the OKX account has been opened and verified, the next step is to make a deposit.
OKX accepts debit and credit cards across 94 fiat currencies. However, Tamadoge is not directly supported when using a debit/credit card.
Instead, TAMA is paired with USDT via the OKX spot trading market.
Therefore, investors might consider buying USDT with their debit/credit card. This will enable investors to swap USDT for TAMA in the next step.
Step 3: Search for USDT/TAMA
Next, hover the mouse over ‘Trade’ followed by ‘Basic Trading’.
Then, from the left-side panel, type in ‘TAMA’ and click on ‘TAMA/USDT’.
Step 4: Swap USDT for TAMA
The investor should now be on the correct trading page for USDT/TAMA. At OKX, the exchange provides a plethora of useful data and trading tools, such as live order books and technical indicators.
To buy Tamadoge, scroll down beneath the pricing chart and change ‘Limit’ to ‘Market’. Next, on the order box to the left, scroll the slider to 100% (or less). This illustrates that 100% of the USDT token balance will be swapped for TAMA, albeit, any amount can be selected.
Finally, confirm the order by clicking on ‘Buy TAMA’. As a market order was selected, OKX will execute the trade instantly.
This guide has ranked the best upcoming IEOs in the market right now, in addition to a selection of presales that have recently been listed on an exchange for the first time.
Overall, from an investment perspective, Tamadoge could appeal to those searching for the next low-cap project to go mainstream.
Tamadoge raised over $19 million in its presale and since listing on OKX, Uniswap, MEXC, and BitMart, has generated end-to-end gains of over 10x when compared to presale prices.
What is an IEO in crypto?
An IEO refers to an initial exchange listing. The process enables newly launched cryptocurrency projects to raise funds from the public by selling their native token. An IEO is different from an ICO, not least because the fundraising campaign is facilitated by an exchange. The best IEO exchanges include Binance and Kucoin.
How do IEOs work?
The cryptocurrency startup will make a predefined number of tokens available to early investors. The fundraising campaign will be hosted by an exchange, which usually means that investors will need to open an account and make a deposit in crypto. Then, the investor can swap a supported crypto asset for the token being offered via the IEO.
What is the difference between IEO and IDO?
Both IEOs and IDOs (initial direct offerings) enable investors to gain exposure to a newly launched cryptocurrency project. The investment process is, however, different. An IEO will offer access to the new cryptocurrency token via an exchange. An IDO, on the other hand, will list its token directly on a decentralized exchange. This is also known as a ‘fair launch’ – as after the listing, market forces will dictate the price of the token.
Are IEO cryptos worth it?
New IEOs are best suited for investors that wish to target above-average returns and are prepared to take on additional risk to achieve this goal. For instance, while some IEOs go on to generate returns of 100x, others fail completely.
What are the best upcoming IEOs?
One of the best IEOs to keep an eye on in 2022 is Dash 2 Trade. This project is building a cutting-edge analytics platform that will offer everything from crypto trading signals and social media insights to alerts on new presales and high-level pricing data. More details on the Dash 2 Trade token launch will be released in the coming days.