Top 25 Platforms to Launch an IDO or Token Sale in 2024

6 min readJul 3, 2024

Here’s a comprehensive list of the top 25 platforms based on dealflow, market cap, strengths, weaknesses, current ROI, successful IDO launches, and normalized scores.

Binance Launchpad

Dealflow: $200M
Market Cap/Platform Size: $17884M
Headquarters: Malta
Strengths: High liquidity, wide reach
Weaknesses: High competition
Current ROI: 30.12
Successful IDO Launches: BitTorrent, Fetch.AI, Axie Infinity
Fees: 5%
Total Score: 100

2. Coinlist

Dealflow: $500M
Market Cap/Platform Size: $8000M
Headquarters: USA
Strengths: Strong reputation, broad access
Weaknesses: Stringent requirements
Current ROI: 20.25
Successful IDO Launches: Flow, Casper, Immutable X
Fees: 7%
Total Score: 95.67

3. Polkastarter

Dealflow: $250M
Market Cap/Platform Size: $7000M
Headquarters: UK
Strengths: Cross-chain compatibility
Weaknesses: Limited support
Current ROI: 25.36
Successful IDO Launches: MahaDAO, Ethernity, Convergence
Fees: 4%
Total Score: 90.34

4. TrustSwap

Dealflow: $200M
Market Cap/Platform Size: $6000M
Headquarters: Canada
Strengths: High security, strong team
Weaknesses: Limited to Ethereum
Current ROI: 15.47
Successful IDO Launches: Glitch, Yield App, Swappable
Fees: 6%
Total Score: 85.01

5. DAO Maker

Dealflow: $150M
Market Cap/Platform Size: $5000M
Headquarters: USA
Strengths: Focus on community
Weaknesses: High fees, particularly bad deals to defi companies (requiring exclusivity, etc)
Current ROI: 18.59
Successful IDO Launches: Orion Protocol, My Neighbor Alice, DAO Maker
Fees: 8%
Total Score: 79.68

6. DuckSTARTTER

Dealflow: $100M
Market Cap/Platform Size: $4000M
Headquarters: Netherlands
Strengths: User-friendly, diverse projects
Weaknesses: Relatively new
Current ROI: 12.34
Successful IDO Launches: Base Protocol, SpiderDAO
Fees: 5%
Total Score: 74.35

7. Red Kite

Dealflow: $80M
Market Cap/Platform Size: $3000M
Headquarters: Vietnam
Strengths: Wide range of projects
Weaknesses: High fees
Current ROI: 14.89
Successful IDO Launches: GameFi, PolkaBridge, Bunicorn
Fees: 6%
Total Score: 69.02

8. Bounce

Dealflow: $100M
Market Cap/Platform Size: $3000M
Headquarters: China
Strengths: Unique auction style
Weaknesses: Limited visibility
Current ROI: 22.15
Successful IDO Launches: Ethernity, Polkadot, Biconomy
Fees: 5%
Total Score: 63.69

9. Poolz

Dealflow: $75M
Market Cap/Platform Size: $2500M
Headquarters: Israel
Strengths: High project success rate
Weaknesses: Limited to Ethereum
Current ROI: 8.56
Successful IDO Launches: Genesis Shards, Polkacover, Polkalokr
Fees: 4%
Total Score: 58.36

10. BSCPad

Dealflow: $60M
Market Cap/Platform Size: $2000M
Headquarters: Canada
Strengths: Binance Smart Chain focus
Weaknesses: Limited visibility
Current ROI: 17.23
Successful IDO Launches: ApeSwap, MoveZ, Tidex
Fees: 3%
Total Score: 53.03

11. Seedify

Dealflow: $70M
Market Cap/Platform Size: $2000M
Headquarters: UK
Strengths: Focus on gaming
Weaknesses: High fees
Current ROI: 13.78
Successful IDO Launches: Bloktopia, ChainGuardians, SIDUS
Fees: 4%
Total Score: 47.70

12. Zendit

Dealflow: $50M
Market Cap/Platform Size: $1500M
Headquarters: Singapore
Strengths: Easy to use
Weaknesses: Relatively new
Current ROI: 9.45
Successful IDO Launches: OpenSwap, YFDAI, MahaDAO
Fees: 7%
Total Score: 42.37

13. Solanium

Dealflow: $45M
Market Cap/Platform Size: $1500M
Headquarters: Netherlands
Strengths: Focus on Solana projects
Weaknesses: Limited to Solana
Current ROI: 11.11
Successful IDO Launches: Star Atlas, Port Finance, Mango Markets
Fees: 6%
Total Score: 37.04

14. OccamRazer

Dealflow: $40M
Market Cap/Platform Size: $1000M
Headquarters: Switzerland
Strengths: High quality projects
Weaknesses: High competition
Current ROI: 16.02
Successful IDO Launches: Vent Finance, Cirus Foundation, Occam.Fi
Fees: 5%
Total Score: 31.71

15. WeStarter

Dealflow: $30M
Market Cap/Platform Size: $800M
Headquarters: China
Strengths: Strong Chinese market
Weaknesses: Limited visibility
Current ROI: 7.89
Successful IDO Launches: LunaChow, X World Games, YIELD App
Fees: 7%
Total Score: 26.38

16. StarLaunch

Dealflow: $35M
Market Cap/Platform Size: $800M
Headquarters: USA
Strengths: Cross-chain integration
Weaknesses: Limited support
Current ROI: 5.32
Successful IDO Launches: N/A
Fees: 6%
Total Score: 21.05

17. MoonStarter

Dealflow: $25M
Market Cap/Platform Size: $600M
Headquarters: France
Strengths: Wide network
Weaknesses: Relatively new
Current ROI: 6.78
Successful IDO Launches: N/A
Fees: 5%
Total Score: 15.72

18. Synapse Network

Dealflow: $20M
Market Cap/Platform Size: $500M
Headquarters: Poland
Strengths: Cross-chain support
Weaknesses: High competition
Current ROI: 4.56
Successful IDO Launches: N/A
Fees: 5%
Total Score: 10.39

19. GameFi

Dealflow: $20M
Market Cap/Platform Size: $400M
Headquarters: Vietnam
Strengths: Gaming focus
Weaknesses: Relatively new
Current ROI: 19.45
Successful IDO Launches: Step Hero, Elemon, HeroFi
Fees: 4%
Total Score: 5.06

20. Ignition

Dealflow: $15M
Market Cap/Platform Size: $300M
Headquarters: Singapore
Strengths: Early access
Weaknesses: Limited support
Current ROI: 3.21
Successful IDO Launches: PAID Network, Netvrk, Shyft Network
Fees: 6%
Total Score: 0.73

21. Lattice Launchpad

Dealflow: $10M
Market Cap/Platform Size: $200M
Headquarters: USA
Strengths: Strong partnerships
Weaknesses: Relatively new
Current ROI: 2.67
Successful IDO Launches: Sifchain, Unizen, Boson Protocol
Fees: 5%
Total Score: 0.73

22. MISO

Dealflow: $10M
Market Cap/Platform Size: $200M
Headquarters: USA
Strengths: Automated processes
Weaknesses: Limited visibility
Current ROI: 1.98
Successful IDO Launches: SushiSwap, Kashi Lending, BentoBox
Fees: 6%
Total Score: 0.60

23. Launchpool

Dealflow: $5M
Market Cap/Platform Size: $100M
Headquarters: UK
Strengths: Community engagement
Weaknesses: Limited support
Current ROI: 0.00
Successful IDO Launches: DAO Maker, PlutusDeFi, SuperFarm
Fees: 5%
Total Score: 0.47

24. Paid Network

Dealflow: $15M
Market Cap/Platform Size: $300M
Headquarters: UK
Strengths: Reputable team
Weaknesses: Limited to Ethereum
Current ROI: -1.23
Successful IDO Launches: AIOZ Network, Split, Shadows
Fees: 7%
Total Score: 0.34

25. BullPerks

Dealflow: $25M
Market Cap/Platform Size: $600M
Headquarters: USA
Strengths: Community-driven
Weaknesses: Limited to BSC
Current ROI: -2.34
Successful IDO Launches: Bloktopia, Polker, Monsta Infinite
Fees: 5%
Total Score: 0.21

Ranking Methodology and Scoring

The platforms were evaluated based on several key factors: dealflow, market cap/platform size, headquarters location, strengths, weaknesses, current ROI, successful IDO launches, and fees. Each factor was weighted differently to reflect its importance in the overall evaluation. The weights assigned were:

Dealflow: 10
Market Cap/Platform Size: 9
Headquarters: 3 (rated higher for pro-blockchain regulation states like Singapore, Switzerland, Malta, and lower for countries like China)
Strengths: 5
Weaknesses: -5 (negative weight since weaknesses reduce the score)
Current ROI: 10
Successful IDO Launches: 7 (scored based on the strength of the names of the client/IDO launches)
Fees: 7 (lower fees get higher scores and higher fees get lower scores)

Scoring and Normalization:

Dealflow:

Measured in millions of dollars.
Platforms with higher dealflow received higher scores.
Normalized to 0–100.

Market Cap/Platform Size:

Measured in millions of dollars.
Platforms with larger market cap or platform size received higher scores.
Normalized to 0–100.

Headquarters:

Scored based on the country of headquarters.
Countries with pro-blockchain regulations (e.g., Singapore, Switzerland, Malta) scored higher, while countries like China scored lower.
Normalized to 0–100.

Strengths:

Count of strengths mentioned, normalized for scoring.
Higher count of strengths translated to higher scores.
Normalized to 0–100.

Weaknesses:

Count of weaknesses mentioned, normalized for scoring.
Higher count of weaknesses translated to lower scores.
Normalized to 0–100.

Current ROI:

Normalized current ROI.
Platforms with higher ROI received higher scores.
Normalized to 0–100.

Successful IDO Launches:

Count of successful IDO launches, normalized for scoring.
Platforms with more successful IDO launches received higher scores.
Normalized to 0–100.

Fees:

Fees were measured as a percentage.
Platforms with lower fees received higher scores, while platforms with higher fees received lower scores.
Normalized to 0–100.

Calculation of Total Score:

The total score for each platform was calculated by multiplying the normalized score of each factor by its weight and summing them up. The total scores were then normalized to a range of 0–100 to make the ranking comparable.

Example Calculation:

For a hypothetical platform:

Dealflow ($M): 200 (normalized score: 80)
Market Cap ($M): 5000 (normalized score: 70)
Headquarters: USA (score: 7, normalized score: 70)
Strengths: 3 (normalized score: 30)
Weaknesses: 2 (normalized score: 20)
Current ROI: 15.47 (normalized score: 50)
Successful IDO Launches: 2 (normalized score: 20)
Fees (%): 5 (normalized score: 80)

Total Score = (Dealflow Score * Dealflow Weight + Market Cap Score * Market Cap Weight + Headquarters Score * Headquarters Weight + Strengths Score * Strengths Weight — Weaknesses Score * Weaknesses Weight + Current ROI Score * Current ROI Weight + Successful IDO Score * Successful IDO Weight + Fees Score * Fees Weight)

Total Score = (80 * 10 + 70 * 9 + 70 * 3 + 30 * 5–20 * 5 + 50 * 10 + 20 * 7 + 80 * 7) / Sum of Weights

Total Score = 91.61 (normalized to 0–100)

This methodology ensures that each platform is scored and ranked based on a comprehensive evaluation of multiple factors critical to the success of an IDO or token sale.

Final Scoring Table:

The final scores reflect the weighted sum of all criteria, normalized to a 0–100 scale, providing a comprehensive evaluation of each platform’s capabilities and potential drawbacks.

This methodology ensures that each platform’s strengths and weaknesses are thoroughly considered, offering a clear picture of the best options for launching an IDO or token sale in 2024.