The popularity of initial coin offerings (ICOs) has provided a platform for several other innovative fundraising mechanisms to emerge. One of these mechanisms is initial exchange offerings (IEOs), which provide a way for crypto projects to sell tokens while benefiting from the reputation of an established crypto trading platform.
A closer look at IEO cryptocurrencies
IEOs can be an excellent way for projects to raise capital whilst also adding a significant degree of credibility. This is of major importance to investors, as they’re much more likely to invest in a project with a level of legitimacy.
With that in mind, let’s dive in and discuss the IEO crypto projects of the year:
1. Lucky Block (LBLOCK) – Overall best IEO crypto for 2022
Lucky Block is a crypto-gaming platform that offers daily competitions hosted on the Binance Smart Chain. These competitions are fully-decentralized, significantly boosting their fairness and transparency.
LBLOCK is the native BEP-20 token of the Lucky Block ecosystem and has several important use cases. This token was also purchased by speculative investors earlier in 2022 to gain exposure to Lucky Block’s growth. Ultimately, this proved to be a wise move, as LBLOCK’s price surged by over 3,000% after the token went live on PancakeSwap.
Although the token has been consolidating for the past few weeks, the price could be set for a rebound thanks to the upcoming release of ‘LBLOCK v2’. Rather than using the BEP-20 standard, LBLOCK v2 is an ERC-20 token, which is compatible with the Ethereum blockchain.
Not only does this mean LBLOCK v2 has the potential to be integrated into the vast universe of dApps constructed on Ethereum, but it also provides a clear pathway toward centralized exchange (CEX) listings. Several listings have already been announced, as LBank will offer the token from July 25th onwards, whilst MECX will follow suit on August 1st.
Ultimately, this token will have many exciting benefits since it doesn’t feature the 12% sales tax that LBLOCK v1 has. This makes LBLOCK v2 much more appealing to day traders and speculators – helping increase demand and boost liquidity.
With 5-6 more CEX listings planned for the coming months, now could be a great time to consider adding LBLOCK to your portfolio. Buy luckyblock before listing
2. BlaBlaGame (BLA) – Crypto-gaming IEO with interesting concept
BlaBlaGame is a crypto-gaming platform that transitions the popular ‘rock, paper, sciccors’ game to the blockchain. The concept of this platform is simple – users play a game of rock, paper, scissors, and the winner receives rewards in the form of BLA tokens.
Over 32,000 games have been played already by more than 1.500 users. BlaBlaGame also features a built-in referral system, whereby users who invite their friends will receive a bonus of up to 14% on their next BLA purchase.
BlaBlaGame is currently going through ‘Round 1’ of its IEO, with tokens priced at $0.10. Subsequent rounds will see the token price increase, with the end goal being listings on major CEXs and DEXs by Q4 2022.
3. Engage2Earn (E2E) – Exciting web3 engagement project
Engage2Earn is defined as a ‘Web3 Community Engagement Tracker’ featuring GameFi elements that aim to foster a strong community. The main feature of Engage2Earn is the ability for users to launch crypto project campaigns, which are paid for in E2E.
Community members can earn E2E by engaging with the campaigns listed on the Engage2Earn dashboard. These campaigns will have specific tasks that need to be completed – once they’re finished and validated, the users will earn rewards.
Engage2Earn will also feature NFTs, which act as users’ ‘entry ticket’ to participate in the campaign/task system. Finally, Engage2Earn is currently in the presale phase of its life cycle, where investors can purchase E2E tokens for only $0.05 each – although the supply is capped at 15,000,000 E2E for this phase.
4. CNX-Network (CNX) – Sustainable blockchain network with various use cases
Described as the ‘future of blockchain technology’, this project offers encrypted and interconnected dApps running on CNX-Network’s blockchain and using the CNX digital currency.
CNX-Network already boasts a community of over 200,000 users. There’s also a dedicated investor program designed to foster innovation within the network.
This crypto IEO is ongoing, with phase one scheduled to end on September 1st, 2022. Tokens can be purchased for $0.008, with CNX-Network’s team aiming to raise over $28 million through this process.
5. Centurion Invest (CIX) – Innovative trading platform with useful token
Centurion Invest is an ‘all-in-one’ crypto trading platform, offering every service an investor might need. Services include the ability to purchase cryptocurrencies, customizable ETFs, and even trading options related to assets like equities and indices.
Centurion Invest also offers several yield farming options – with the ‘Whale’ tier providing an APR of up to 30% (with a $50,000 minimum deposit). The platform’s native token is CIX, used in Centurion Invest’s referral program and as a way to reduce trading fees.
Over $7 million has already been raised through the CIX sale, giving this project a market cap of $31 million. Given the token’s valuable use cases, this IEO is undoubtedly one of the most popular on our list.
6. Bet2ken (BTK) – P2P sports betting platform with high potential
Bet2ken is a peer-to-peer sports betting network accepting client deposits in numerous digital currencies. This platform differentiates itself from the pack by aggregating data from various sources, ensuring that clients always receive the best odds on the market.
Since Bet2ken is structured as a DAO, clients can purchase BTK tokens and use them as a way to influence the platform’s governance. The primary way this can be done is by voting for their preferred data providers, which helps maintain superior odds.
Furthermore, BTK holders will also earn rewards through an innovative profit distribution model, providing another incentive to interact with the platform. BTK tokens can be purchased on the Bet2ken launchpad, with over 14 cryptocurrencies accepted as payment.
7. Celer (CELR) – Valuable blockchain interoperability protocol
Celer is a blockchain interoperability protocol designed to simplify the process of accessing dApps. Using Celer’s SDK, dApp developers can create platforms operating on various chains – making them accessible to a more extensive user base.
CELR is the Celer network’s native token, used for staking within the Proof of Stake (PoS) consensus algorithm. However, over 130 alternative tokens are supported by the Celer ecosystem, including AAVE, DAI, and AVAX.
Celer is primed for an IEO this year, although no date has been set as of yet. However, given that the project has over 127,000 followers on Twitter, any token launch will undoubtedly be popular.
LBLOCK v2 will be listed on the leading crypto exchange LBank on July 25th, providing an easy way for investors to buy tokens – with low trading fees.
Those interested in acquiring some LBLOCK can do so by following the steps below once the token goes live:
- Step 1 – Sign Up for an LBank Account: Head to LBank’s homepage, click ‘Register’, and follow the instructions to sign-up for an account.
- Step 2 – Complete Verification: Complete LBank’s verification process by entering the details necessary for the platform’s KYC checks, then upload proof of ID (e.g. passport).
- Step 3 – Deposit: Go to the ‘Wallets’ section of LBank’s dashboard, click ‘Deposit’, and choose which cryptocurrency you’d like to fund your account with. A wallet address will appear on-screen, which you must use to manually send the funds from your crypto wallet.
- Step 4 – Buy LBLOCK: Type ‘LBLOCK’ into the search bar and click on the token in the listings panel. In the order box at the bottom of the screen, enter your investment size, choose your order type, and confirm the transaction.
To summarize, this article has taken an in-depth look at some IEO cryptos for 2022, highlighting why they are creating so much buzz within the market.
Lucky Block has gained attention due to the upcoming release of the ‘LBLOCK v2’ token. This token release has already caught the attention of major exchanges like LBank and MEXC, who will be listing it in the coming weeks – and more exchange listings are likely on the horizon.
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