Top 5 NFT, DeFi & Crypto IDOs in Q1 2022

From a mere number of 66 in 2013, to an impressive 10,397 by February 2022, the number of cryptocurrency transactions has exploded. Most crypto projects had an ICO from 2017 to 2017, but ICOs were eventually replaced by IEO, IDO and other funding methods. What was the reason for the decline in ICOs since 2017? It was also the year that ICOs really exploded. The number of cryptocurrencies surpassed four-digits for the first time. Many of these projects were a fortnight wonders and failed to become anything significant. This led to ICOs being criticized and the halting of this type of funding.

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IEOs are initial exchange offerings. This is where crypto projects sell their tokens on a crypto exchange. It didn’t work out as well as expected, because crypto exchanges have a strict process regarding which crypto projects they will accept to IEOs.

IDOs were created to solve this problem. They allow crypto projects to sell their tokens on a decentralized platform like Uniswap or PanCakeSwap. The entry barriers for new projects are very low. It is also economically sensible, since the trading volume on the decentralized exchanges (DEXes), soon surpassed that of the centralized ones. In fact, the DEX trading volume reached a record of 1 trillion dollars in 2021.

It can be difficult to identify the most promising projects with almost every new cryptocurrency project choosing an IDO. This article will discuss the Top Five NFT, DeFi& CryptoIDOs for Q1 2022. Let’s get started.

Cloudname: Supercharging Domain Trading Space

The NFT technology has disrupted a number of industries including real estate, music and gaming. It’s time for a shift in the domain trading industry. Cloudname brings the magic of NFTs into domain traders to enable them to reap the benefits.

Cloudname brings its A-game into the domain trading industry with features such as renting, tokenization and live market tracking. Cloudname’s tokenization feature allows domain sellers to tokenize high-value domains in ERC-20 tokens, and then sell them easily. Domain buyers would be able to purchase a portion of high-potential domains. This is possible because fractionalization wouldn’t have made it possible.

Cloudname offers domain renting options for users who wish to rent high-value domains to their business websites. However, their prices make it prohibitively expensive. Cloudname’s portfolio feature allows users to manage their portfolio from one location. It will also keep users up-to-date with changes in the domain prices and future projections. It sounds amazing, right? Check out their IDO on PolkaBridge. Cloudname’s IDO date on PolkaBridge for Cloudname is February 20, 2022. Cloudname’s IDO at PancakeSwap, however, is February 22, 2022.

SolanaPrime: Making funding accessible for Solana-powered crypto projects

Solana is a prominent name among blockchain platforms, and this is driving high interest in Solana-based project. It is easy to see why! Solana has the fastest blockchain platform today, allowing for transaction speeds of up to 65,000 per second and at a fraction more cost (on average, $0.00025).

SolanaPrime, one of the most promising Solana crypto projects, will host an IDO during Q1 2022. It is designed to facilitate funding raising for Solana-powered projects, particularly in the NFT and DeFi sectors. SolanaPrime has secured seed funding from Sheesha Finance and Llama Ventures. All users who purchase PRIME tokens from SolanaPrime, will receive XPRIME as a reward token.

SharkRace is a combination of P2E Metaverse 3D Games & Rarity-enabled NFTs

SharkRace is a combination of the Play2Earn features with the magic and NFTs. It is the first project to bring the rarity upgrade feature for NFTs. The NFT collection includes 20,001 NFT sharks that were created by top-caliber artists who have received awards like the prestigious Cannes Lions Award.

SharkRace’s rare upgrade platform will allow anyone who owns these NFTs to upgrade their NFTs. NFT owners only need the upgrade items that they can purchase from the rarity platform. SharkRace NFT owners also get access to an exclusive club that offers a wide range of benefits, including voting rights, lifetime royalties, and much more.

SharkRace NFT owners can also access an Unreal Engine 4 powered, 3D play2earn Game. SharkRace will launch an IDO to its SharkCoins tokens (SHRK), in March.

Harmony Launcher: IDO and IGO Launchpad for Harmony Network Projects

Harmony Launcher, which is both a launchpad as well as an AMM decentralized exchange and platform, aims to be the leading platform for Harmony Network-based projects seeking funding. It serves five core missions: it creates a framework that Harmony-based project can thrive. It also offers incredible investment opportunities for investors who want to be a part the Harmony ecosystem.

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The Harmony Launcher’s two last aims are to expand the Harmony Network’s opportunities, encouraging high-value projects and eliminating the unfair allocation process often associated with launchpads. Given the huge traction the Harmony ecosystem has seen since 2021, it is clear that Harmony Launcher is going to play an important role in the next days to increase Harmony Network’s adoption. Harmony Launcher will launch in IDO in Q1 2022 to help fuel its growth.

Teneo Finance: Helping Masses Explore Untapped Arbitrage Opportunities

Teneo Finance offers a yield-generation platform. Its products are for traders, holders, as well as lenders. They include Sustainable Liquidity Farming and Internalizing Arbitrage. Arbitrage offers traders the opportunity to benefit, while holders can increase their exposure to upside risks and reduce downside risk.

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Teneo Finance, which is a lender platform, offers the opportunity to earn interest from the liquidity they provide for the protocol. The protocol also has a triple seal for safety. It has been certified by Hacken and Zokyo as well as Certik. The IDO of the protocol will be implemented on February 22, 2022.

Disclaimer: This article is intended for informational purposes only. This article is not intended to be used for legal, tax, investment or financial advice.

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https://cryptodaily.co.uk/2022/02/top-5-nft-defi-and-crypto-idos-in-q1-202