What's Hot

    Crypto Firms Cut Ad Spending by 90% After Bitcoin (BTC) All-Time High

    June 25, 2022

    Ava Labs launches a handy new feature

    June 25, 2022

    Dogecoin, a cryptocurrency of choice for criminals?

    June 25, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    THECRYPTNEWS
    • Home
    • News
    • Guides
    • NFT
    • Analysis
    THECRYPTNEWS
    Home » Initial Dex Offering (IDO): The best performing tokens in 2021
    Analysis

    Initial Dex Offering (IDO): The best performing tokens in 2021

    AdminBy AdminJanuary 11, 2022No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The IDO is an alternative to other varieties of fundraising favorable to a listing of tokens on a decentralized platform. Thanks to this method of investment, a large number of projects were able to see the light of day, and some of them had gone so far as to take their place in a selection of 20 new darlings of crypto investors last year.

    What is an IDO?

    An initial Dex (or IDO) offering is akin to a decentralized, censorship-free crowdfunding platform, creating a new fundraising alternative in the crypto space. PancakeSwap and Uniswap are concrete examples for anyone who wants to go very far in understanding this concept.

    If any project is launching an IDO, it is because it is issuing a coin or token via a decentralized liquidity exchange, usually crypto assets (stablecoins included) accessible to traders.

    IDOs replace other crypto fundraising mechanisms such asInitial Exchange Offering (IEO), theInitial Coin Offering (ICO) and the Security Token Offerings (STO). Its advantage lies in particular in access to better and immediate liquidity as well as in equity between project promoters and members of the community concerned.

    As a reminder, the first successful IDO is called Raven, whose native token is RAVEN. This protocol specializes in cost-effective and rapid solutions that use blockchain to transform the artificial intelligence and machine learning industries.

    Selection of the 20 best performing IDOs in 2021

    Speaking of efficient tokens, we will base ourselves on a selection of our colleagues at CoinMarketCap. The latter speak of a staggering leverage effect, which can multiply up to 550 times, as eligibility criteria.

    Here is their distribution according to 5 very distinct categories:

    – Metaverse

    A completely immersive, uncensored and ubiquitous metaverse, it is sort of the metaverse expected by the public, which is based on blockchain technologies. Speaking of satisfaction, the promoters of Bloktopia, a metaverse VR platform deploying a 21-story high-tech virtual tower, achieved a good return on investment in 2021. More specifically, the platform was able to achieve a 558 times difference in the IDO price.

    Blocktopia (BLOK)

    – Launchpads

    The launchpads (or launch pads) represent a cutting edge idea in blockchain. This is why they were quickly awarded the title of “popular CeDeFi pieces”. Of the 20 IDOs gathered in this post, 7 of them are launchpads from the BlueZilla ecosystem. In ascending order, we will quote StarLaunch (270x of the IDO price), PulsePad (254x), GameFi (240x), GameZone, NFTLaunch, VelasPad and ADAPad.

    – Blockchain games

    Space blockchain gaming has been boosted by waves of innovation and the development of the Play-to-Earn lately, Axis Infinity and The Sandbox supporting. Thus, we have at the top of the list Velhalla (189.6 x), Thetan arena (186x), Cryowar, My Neighbor Alice, Wilder World, Star Atlas, Of race and Crabada. In total, 8 projects, all of which have a multiplier well over 100.

    – NFT

    Against all expectations, this category was able to present only one project whose performance is commendable. This is’Opulous, a platform launched on DAO Maker with the aim of making musical NFTs available to the public. Thanks to it, artists will also have the chance to monetize their works.

    – Challenge

    We witnessed an effervescence in the DeFi sector at the beginning of 2021. This context allowed the birth ofUnizen (127x), from Cake Monster (100x) and WagyuSwap (85x).

    This article has certainly reminded you of some basics ofInitial Dex Offering before listing a list of successful projects spread over 5 distinct categories. Something to rekindle your flame in these post-end-of-year winter festivities.

    Sources: CoinMarketCap

    Receive a summary of the news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss out on Cointribune essentials!

    Mikaia Andriamahazoarimanana

    The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy in this world, against all hope, I will say that I was there for something

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Admin
    • Website

    Related Posts

    Crypto Firms Cut Ad Spending by 90% After Bitcoin (BTC) All-Time High

    June 25, 2022

    Ava Labs launches a handy new feature

    June 25, 2022

    Dogecoin, a cryptocurrency of choice for criminals?

    June 25, 2022

    Crypto.com receives regulatory green light in Singapore

    June 25, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts

    • Crypto Firms Cut Ad Spending by 90% After Bitcoin (BTC) All-Time High
    • Ava Labs launches a handy new feature
    • Dogecoin, a cryptocurrency of choice for criminals?
    • Crypto.com receives regulatory green light in Singapore
    • FTX plans to acquire stake in BlockFi

    Recent Comments

    No comments to show.

    Subscribe to Updates

    Get the latest sports news from THECRYPTNEWS.

    Advertisement

    Archives

    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021

    Categories

    • Analysis
    • Guides
    • News
    • NFT

    The leader in news and information on cryptocurrency, digital assets and the future of money, THECRYPTNEWS is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
    We're social. Connect with us:

    Facebook Twitter Instagram Pinterest YouTube WhatsApp Reddit
    Top Insights

    Crypto Firms Cut Ad Spending by 90% After Bitcoin (BTC) All-Time High

    June 25, 2022

    Ava Labs launches a handy new feature

    June 25, 2022

    Dogecoin, a cryptocurrency of choice for criminals?

    June 25, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from THECRYPTNEWS

    Facebook Twitter Instagram Pinterest
    • Home
    Copyright © 2021 Thecryptnews.com

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT

    DMCA - Terms and Conditions - Privacy Policy