4 upcoming ICOs to watch in early 2023
The cryptocurrency industry is going through a challenging period, but its growth continues, including with new cryptocurrencies and projects joining the space, financed by token pre-sales known as an initial coin offering (ICO), initial DEX offering (IDO), or initial exchange offering (IEO).
In the upcoming period, the industry will this way welcome multiple digital assets, including Koakuma (KKMA), LEND (LEND), SOLA-X (SAX), and Kryptview (KVT), all of which have set their fundraising schedules for the first three months of 2023.
The native token of a play-to-earn (P2E) MMORPG adventure game Koakuma, KKMA will serve as a method of payment for upgrading, enchanting, forging, smelting skill runes, making purchases, as well as for game governance.
Its IDO is set to start on December 31, 2022, during which 5 million ERC20 (built on the Ethereum blockchain) KKMA tokens will be available for purchase at the price of $0.03. The goal of the fundraising process is to raise at least $150,000.
Created on the BNB Smart Chain, LEND is a BEP20 token of the eponymous multi-chain lending protocol that facilitates lending and borrowing on Ethereum (ETH), BNB Chain, and Polygon (MATIC), and for which the ICO will begin on January 4, 2023, and is planned to finish by January 11, 2023, as per CoinMarketCap data retrieved on December 26.
During the sale, buyers will be able to purchase 5 million LEND (0.5% of the total supply) at the price of $0.07, with a goal of raising $350,000. The soft cap (minimum amount to be raised for the ICO to succeed) is $50,000, with a personal cap ranging between 100 and 10,000 BUSD.
Between March 24 and March 31, 2023, an IDO will be held for SOLA-X (SAX), the smart liquidity protocol created on the Solana (SOL) blockchain with the aim of reinventing automated market makers (AMMs) by developing flexible and dynamic liquidity pools.
With this in mind, the initial sale will offer 20 million SAX (4% of the total supply) at the price of $0.05, with a soft cap of $100,000 and a fundraising goal of $1 million. The personal cap for the project will range between 100 and 2,000 USDC.
Finally, KVT is a utility token of Kryptview, an automatically structured data platform for crypto community research and insight-sharing that rewards users for their contribution to generating rigorous fundamental analyses on digital assets.
Buyers will be able to purchase 37,352,941 BEP20 KVT tokens between March 26 and March 31, 2023, which amounts to 12.5% of the coin’s total supply, at the price of $0.5 and a personal cap between $200 and $6,000.
Whether these tokens will succeed in convincing investors that they’re worth their time and money remains to be seen. On top of that, their future success will depend on the underlying projects’ viability, sentiment on the wider crypto market, as well as global macroeconomic conditions.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.