New Crypto ICOs to Invest in September 22nd
With the cryptocurrency market continuing to suffer the effects of inflation and interest rate hikes, it is likely that many investors are increasingly looking to the future. This means smaller altcoins as well as projects that have only recently launched and therefore have many future gains left in them. One way to identify future big movers in the cryptocurrency market is to focus on ICOs and token presales, as the best of these can offer a way to buy 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 ongoing, as well as tokens whose ICOs have just ended.
New Crypto ICOs to Invest in September 22nd
Tamadoge (TAMA)
One of the most exciting new altcoins on the market, TAMA is the original token of the pet-themed Tamadoge metaverse/play-to-earn game. Running on Ethereum, Tamadoge will enable users to coin NFT-based pets, raise them and use them to battle other players.
TAMA’s pre-sale started in early August and has just ended. From a relatively modest goal 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 the first CEX listing 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, providing real potential for profit.
With already more than 68,000 users on Twitter, it is arguable that Tamadoge will attract many players once the game 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 that facilitates parametric coverage pools that offer insurance against risks associated with the cryptocurrency market. It raised $5.3 million in private funding in May this year, following the successful launch of its testnet.
As described in the press release announcing this increase, Neptune Mutual acts as a “marketplace for parametric coverage protection of digital assets against hacks and exploits. Stakeholders may choose to assume one or more roles, for example, a cover pool creation may also choose to be a liquidity provider.”
It has planned an IDO for its NPM token on Poolz, although there is no firm date for this token sale at the time of writing. Within the Neptune Mutual ecosystem, NPM acts as a facilitator, enabling holders to participate in insurance pools.
Magic Square (SQR)
Magic Square is an upcoming decentralized Web3 app store. It runs on the Solana blockchain and 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 on September 26. Within the Magic Square ecosystem, SQR will primarily function 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 ICO Drops page, 15.5% of SQR’s maximum supply of one billion SQR will be made available by the upcoming IDO. In the future, it will be possible to bet SQR as well as use it within the Magic Square platform, although this staking feature will not arrive until late 2023.
Magic Square launched the beta version of its app store in August, and currently has over 100,000 followers on Twitter. Given this progress, it looks like it could be a promising new platform.
Blood Sword (SWORD)
Running on the Solana blockchain, Swords of Blood is a blockchain RPG that promises to combine play-to-earn features with genuinely playable hack-n-slash game mechanics. It has already amassed over 74,000 followers on Twittersince you opened an account in February.
Encouragingly, Swords of Blood is set to launch its beta server in the next few days, offering players a chance at what it will actually be like to play. This is in positive contrast to some upcoming platforms, which have released their native tokens without doing the same for their actual products.
As for the Swords of Bloods ICO, it began on September 1st and has raised $3.9 million of a $5 million goal. However, the game developers have actually stopped sales, while they update tokenomics and game economics.
This hiatus may be disappointing to 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 ended its successful pre-sale late 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 last 24 hours to reach $0.00309640. However, this represents a 13% drop in a week and a 26% drop in a fortnight, even though the coin is up more than 100% compared to its pre-sale price of $0.0015.
Based on the Binance Smart Chain, IBAT is the native token of 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 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 include other crypto and NFT based games. On top of this, it will also involve a staking function, which will now be launched on 24 September.
This is in addition to its own DEX, and an NFT marketplace, meaning Battle Infinity aims to be a thriving platform.
