5 New Crypto Presales & ICOs Should You Keep an Eye on in 2024?

7ybh...8HwT

25 Apr 2024

What is Crypto Presales?

Crypto presales refer to a fundraising method used by cryptocurrency projects before their official launch. During a presale, tokens or coins of a project are sold to a select group of investors at a discounted price. This initial offering typically occurs before the project’s initial coin offering (ICO) or public sale. The purpose of a presale is to raise capital and generate interest in the project among early investors. By offering tokens at a lower price, projects can attract investors who believe in the long-term potential of the project and are willing to commit capital early on.

In return for their investment, presale participants often receive a bonus or discount on the tokens they purchase. However, participating in a presale carries risks, as the project may not achieve its goals or the tokens may not increase in value as expected. Investors should carefully evaluate the project’s whitepaper, team, and roadmap before participating in a presale.

Top 5 Crypto Presales and ICOs to Watch in 2024

1. LightLink (LL)

LightLink (LL) is an Ethereum Layer 2 blockchain designed for faster, cheaper, and more user-friendly transactions on the blockchain. Here’s a breakdown of what LightLink offers:

Instant, Gasless Transactions: Unlike Ethereum’s mainnet, LightLink allows users to experience instant transactions without any gas fees. This can significantly improve the user experience for decentralized applications (dApps) built on LightLink.

Enterprise-focused: LightLink positions itself to cater to enterprises looking to enter the blockchain space. Their focus is on providing a user-friendly and scalable solution for businesses.

Built on Ethereum: LightLink is an EVM-equivalent Layer 2 chain built on Ethereum. This ensures compatibility with existing Ethereum smart contracts and tools.

Security and Scalability: LightLink leverages Celestia, a Layer 1 blockchain, for security purposes. Their proprietary stack aims to offer scalability for a growing user base.

Developed by Pellar Technologies: The team behind LightLink, Pellar Technologies, has a proven track record with over 50 blockchain projects for major enterprises in the APAC region.

Token (LL):

LightLink has its own token (LL) that serves a dual purpose:

Medium of Exchange: LL is used for paying transaction fees within the LightLink ecosystem. (Though currently, transactions are gasless).

Governance: LL token holders can participate in the governance of the LightLink network, voting on proposals that impact the future of the platform.

Current Status:

Early Stage: While LightLink has a working product and established partnerships, it appears to be in an early stage.

2. Mocaverse (MOCA)

Mocaverse (MOCA) is a membership NFT collection launched by Animoca Brands. It grants access to an ecosystem of products and services within the Web3 gaming, culture, and entertainment space.

Here’s a breakdown of what Mocaverse (MOCA) is about:

Membership NFTs: Mocaverse offers 8,888 unique NFTs called “Mocas” divided into five tribes: Dreamers, Builders, Angels, Connectors, and Neo-Capitalists. Owning a Moca NFT grants membership to the Mocaverse ecosystem.

Web3 Identity and Loyalty: Mocaverse aims to empower users with a Web3-based digital identity (Moca ID) and a loyalty program where users can earn and spend points.

Animoca Brands Ecosystem: Owning a Moca NFT grants access to the vast network of Animoca Brands, including over 400 portfolio companies and a growing partner ecosystem.

Public Sale: There’s an upcoming public sale for Mocaverse NFTs scheduled for April 25th, 2024.

3. Dogeverse (DOGEVERSE)

Dogeverse (DOGEVERSE) is a new project aiming to be the world’s first multichain meme coin. Here’s what we know so far:

Key Features:

Multi-chain: Unlike most meme coins built on a single blockchain, Dogeverse plans to operate on six different blockchains: Ethereum, BNB Chain, Polygon, Solana, Avalanche, and Base. This multi-chain approach aims to provide greater flexibility and wider accessibility to users across different blockchain ecosystems.

Cross-chain Transfers: Dogeverse promises to leverage advanced bridging technology, allowing users to transfer their DOGEVERSE tokens between these six blockchains with minimal fees. This could be a significant advantage for users who want to avoid high gas fees on some networks.

Staking Rewards: The project offers a staking mechanism where users can earn passive rewards by locking up their DOGEVERSE tokens for a specific period. The project’s website claims Annual Percentage Yields (APY) as high as 117%, although it’s important to be skeptical of such high yields and compare them to established staking options.

Current Stage:

Presale Success: Dogeverse recently concluded a successful presale, raising over $9 million from investors. This has generated significant interest in the project.

Upcoming Launch: While there’s no confirmed launch date yet, reports suggest the project is nearing launch after a successful presale.

Important Considerations:

Meme Coin Risks: Dogeverse falls under the category of meme coins, known for their high volatility and dependence on hype and social media trends. There’s no guarantee of long-term success.

New Project: Dogeverse is a very new project with a limited track record. It’s crucial to carefully assess the potential risks before investing.

High Staking Yields: The promised staking yields of 117% seem exceptionally high compared to established projects. Be cautious and compare these rates with other staking options.

Further Research:

Dogeverse Website: Look for an official Dogeverse website to stay updated on the project’s progress and launch details.

News Articles: Search for recent news articles about Dogeverse to understand current sentiment and potential risks.

4. 5thScape (5SCAPE)

5thScape is a project aiming to merge cryptocurrency with Augmented Reality (AR) and Virtual Reality (VR) experiences. Their focus is currently on VR games, but they plan to expand into other VR/AR applications in the future.

Here’s a deeper dive into 5thScape:

VR Gaming with Crypto: 5thScape leverages the Ethereum blockchain with its utility token, 5SCAPE. This token plays a central role in their VR gaming ecosystem.

5SCAPE Token Utility:

Owning 5SCAPE tokens grants access to several benefits:

Premium VR Content: Holders get exclusive access to premium VR games, experiences, and features within the 5thScape platform.

Play-to-Earn (P2E): 5thScape offers a P2E mechanism where players can earn 5SCAPE tokens through gameplay. These tokens can be traded on cryptocurrency exchanges once listed.

Staking Opportunities (Planned): The project plans to introduce staking mechanisms in the future. Users will be able to lock up their 5SCAPE tokens for a period to earn rewards.

Beyond Gaming:

While the current focus is VR games, 5thScape’s vision extends to other VR and AR applications such as:

Educational experiences

Social applications

Creative tools

Project Stage: 5thScape is currently in the presale stage. There’s no confirmed launch date yet.

5. Slothana (SLOTH)

Slothana (SLOTH) is a new meme coin built on the Solana blockchain, capitalizing on the popularity of sloth-related internet humor [meme coin ON YouTube youtube.com].

Here’s a breakdown of Slothana:

Meme Coin: Unlike established cryptocurrencies with specific purposes, Slothana falls under the category of meme coins. These coins gain value primarily through hype, community sentiment, and social media trends.

Solana Blockchain: Slothana leverages the Solana blockchain, known for its fast transaction speeds and scalability.

Recent Presale Success: Slothana recently concluded a successful presale, raising over $15 million from investors [Solana Stoner Meme Project Slothana Raises $15 Million in ICO, Last Six Days To Buy cryptorank.io]. This has generated significant buzz around the project.

Community Driven: Slothana emphasizes community engagement. They’ve amassed over 23,000 followers on Twitter in a short period, indicating strong community interest [Slothana (SLOTH) Presale | This Solana Meme Coin Raised $10M in Just 3 Weeks! youtube.com].

Early Stage: It’s important to remember that Slothana is a very new project. They haven’t launched their token yet, and their long-term viability remains to be seen.