If there’s one major difference between the 2017 ICO boom and the current IDO landscape, it’s that the latter is founded on egalitarian principles such as community and inclusion.
This divergence is evident in the way IDOs (short for Initial DEX Offering) reserve allocation for public supporters rather than pump-and-dump speculators; indeed, participants must ‘qualify’ to be included in such rounds. These criteria encompass engagement levels and long-term support, meaning genuine stakeholders are given favor over those who can execute the quickest transactions with the highest amount of gas possible.
In fact, one recent analysis suggested that IDOs have the potential to eventually replace IPOs as the primary means by which companies raise funds and list publicly. While still early days, one thing’s for sure: IDOs represents an incredible opportunity for investors to get in on the ground floor of a promising project. From thousands of active gamers pre-IDO to heavily oversubscribed whitelists, the current crop of offerings includes a proven selection of teams and concepts with the potential to disrupt the industry as a whole.
In no particular order, here are the top five upcoming IDOs based on community, traction, excitement, and opportunity.
1. Swash
Swash aims to rebalance the $3 trillion data economy in a user-centric, privacy-preserving way. Founded two years ago by a team of blockchain and cybersecurity veterans, the venture allows businesses, developers, and individuals to profit from a reimagined collaborative ecosystem where enterprises gain access to high-quality data at scale – and end-users regain ownership of their valuable personal information.
The whitelist for Swash’s IDO recently closed at over 45,000 applications and the event commenced on Gnosis Auction and will conclude the following day at 23:59:59 UTC. The platform’s native cross-chain utility and governance token ($SWASH) has various functions within the ecosystem,…
