11 September 2021 17:05, UTC
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Several major developments have taken place in the IDO industry in recent weeks. We tell about the main ones
The IDO market continues to grow rapidly. Especially popular are projects that combine game mechanics with NFT. New projects and launchpads appear, at the same time there is a tendency for the Xs to go down, and the exchanges are trying to take over the market from the launchpads.
Launchpads and Launchpad Tokens
There are more and more launchpads and competition between them is growing. The major projects behind which the funds stand first of all release launchpads: Polkastarter, Coinlist and the new Miso launcher from the Sushiswap exchange. DAO Maker has changed its strategy and is now dominated by play to earn projects with a combination of gaming and NFT. Also noteworthy is the active marketing of the Unicrypt and Dxsale platforms.
Among those projects that are now especially popular with the community, GameFi projects in combination with NFT can be distinguished:
- Meme tokens;
- Tokens with reward mechanics;
- Exchange tokens.
Another trend that has manifested itself in the field of cryptocurrency crowdfunding is the high activity in the market of centralized exchanges, including such giants as FTX, OKEX, Huobi, Gate and others. This interest from centralized exchanges is due to the fact that they want to attract additional user base and liquidity. In addition, they may receive commissions on fees and for posting projects.
The largest IDOs and Xs
Gaming projects, many of which add NFT to their mechanics, are more stable than other Xs in the current market. The largest profitability in August was brought to token sale participants by the Star Atlas project. The token price of this gaming metaverse during the IEO and subsequent listing on the FTX exchange increased by more than 12,000%.
The NFT token sale of the WanakaFarm gaming platform on the Poolz launchpad also showed a good result in August. With an initial token price of $ 0.04, it surpassed $ 0.90 on August 30 and then set a price high above $ 4. Thus, Wana also showed x100.
The NFT marketplace and launchpad for gaming projects Gamestarter in early August simultaneously raised funding from the DAO Maker launchpad and the Gate exchange. The coin showed over 1000% – with an initial GAME price of $ 0.08, it broke through the $ 1 mark.
Among the token sales that took place in August, BitDao has nothing to do with gaming and NFT. In June, the project raised $ 230 million from investors in private rounds, including the legendary Peter Thiel and Pantera Capital. On August 17, during the IDO on the Miso launchpad from DEX Sushiswap, BitDao raised about $ 335 million from 9.2 thousand investors.
At the end of July, the gaming projects Yield Guild Games (x53) and DinoX (x44) also showed good results. And also the result was demonstrated by the virtual universe Derace (x33). Derace allows users to buy NFT virtual horses and place bets on them at the races. The project held a token sale on the DAO Maker launchpad (not to be confused with the Maker DAO), the total amount of funds raised was $ 360,000, and $ 40,000 were also raised during IEO on the Gate exchange.
The top 5 project fees, taking into account private rounds and presales, are as follows:
- BitDao ($ 335 million, Miso)
- Yield Guild Games ($12,5 млн, Miso)
- Eqifi ($ 9.8, Zendit)
- Lithium Finance ($8,16, Polkastarter)
- IDIA Token — ($8,04, Impossible Finance)
Also, fees over $ 2 million along with presales showed: EpikPrime ($ 3.6 million, DaoMaker and Huobi), Cirus ($ 3.47 million, Scaleswap), StepHero ($ 2.66 million Red Kite), CryptoMeda ($ 2.44 million, Seedify ), GameStarter ($ 2.39 million, DAO Maker), CoinsPaid ($ 2.12 million, DAO Maker), Derace ($ 2 million, DAO Maker and Gate). Over $ 1 million was raised by DinoX, NftyPlay, StartFi and KabyArena.
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