Reading time: ~2 m
Crypto investors are constantly looking for new promising projects that are at an early stage of development and attract financing. One of the popular ways to raise capital for projects in the field of cryptocurrency is the IDO – the initial placement of coins on decentralized platforms.
The editors of GetBlock Magazine collected a list of IDO-platforms that brought the greatest profitability to investors in May.
Avalaunch (XAVA)
According to CryptoRank, Avalaunch’s total market cap is $22.85 million. In May, the average profitability of the platform was 6.78%. As of June 3, 16:50 Gmt, the XAVA token is traded at $0.78 (according to Binance).
Avalaunch is a protocol designed exclusively for the Avalanche ecosystem that offers new projects a secure platform for decentralized fundraising and helps them prepare for launch.
The platform introduces an alternative to the crowdfunding model and optimizes it with compatible swap pools managed by the XAVA token to ensure stable prices and reasonable contributions.
TrustPad (TPAD)
The market capitalization of the platform is $ 25.2 million. In May, trustPad’s average return was 22%. As of June 3, the native token of the TPAD project is trading at $0.11.
TrustPad is a decentralized multi-chain fundraising platform that allows projects to raise capital and guarantees the safety of investors in the early stages. The platform was launched in 2021.
Enjinstarter (EJS)
The market capitalization of the IDO-platform is 29.55 million dollars. In May, the average yield of Enjinstarter was 283.7%. As of June 3, the native token of the EJS platform is trading at $0.003.
Enjinstarter is a platform for launching blockchain-based games and projects related to the metaverse, founded in October 2021. The platform, built on Enjin’s JumpNet technology and focused on the Efinity network, allows game creators and developers to conduct capital raising campaigns and create communities using blockchain technology.
In addition to issuing tokens, Enjinstarter provides game developers with other innovative ways to raise capital to finance their projects, such as selling virtual items in the form of non-fungible tokens (NFT).
Impossible Finance (IDIA)
The market capitalization of the platform is 108.60 million dollars. In May, the average yield of Impossible Finance was 373.6%. As of June 3, the IDIA token is trading at $0.26.
Impossible Finance is a multi-chain decentralized finance (DeFi) platform. It allows you to develop blockchain projects above the first level (L1).
Polkastarter (POLS)
The market capitalization of the IDO platform is 525.42 million dollars. In May, the average yield of Polkastarter was 396.7%. As of June 3, the POLS token is trading at $0.62.
Polkastarter is a decentralized fundraising platform based on Polkadot, created for crosschain pools of tokens and auctions. POLS is a service and control token of the platform. Polkastarter was founded in 2020 by Daniel Stockhouse, Thiago Martins and Miguel Leyte.
#buy #altcoins #early #stage #TOP5 #IDOplatforms #profitability
