Where to buy altcoins at an early stage. Top 5 IDO platforms by yield in May

Crypto investors are constantly looking for new promising projects that are in the early stages of development and raising funding. One popular way to raise capital for cryptocurrency projects is through IDOs - initial coin offerings on decentralized exchanges (DEX).

The editors of GetBlock Magazine have compiled a list of IDO platforms that brought the highest returns to investors in May.

Avalaunch (XAVA)

According to CryptoRank, Avalaunch has a total market capitalization of $22,85 million. In May, the platform had an average return of 6,78%. As of June 3 at 1:50 UTC, the XAVA token is trading at $0,78 (according to Binance).

Avalaunch is a protocol exclusively for the Avalanche ecosystem that offers new projects a secure platform for decentralized fundraising and helps them prepare for launch.

The platform offers an alternative to the crowdfunding model and optimizes it with compatible swap pools managed by the XAVA token to ensure stable prices and reasonable contributions.

TrustPad (TPAD)

The platform has a market capitalization of $25,2 million. In May, TrustPad had an average return of 22%. As of June 3, the TPAD project's native token is trading at $0,11.

TrustPad is a decentralized, multi-chain fundraising platform that allows projects to raise capital and ensures the early-stage security of investors. The platform was launched in 2021.

Enjinstarter (EJS)

The IDO platform has a market capitalization of $29,55 million. In May, Enjinstarter had an average return of 283,7%. As of June 3, the platform's native EJS token is trading at $0,003.

Enjinstarter is a platform for launching blockchain-based games and projects related to the metaverse, founded in October 2021. The platform, based on Enjin's JumpNet technology and focused on the Efinity network, allows game creators and developers to run capital campaigns and build communities using blockchain technology.

In addition to issuing tokens, Enjinstarter provides game developers with other innovative ways to raise capital to fund their projects, such as selling virtual items in the form of non-fungible tokens (NFTs).

Impossible Finance (IDIA)

The platform has a market capitalization of $108,60 million. Impossible Finance had an average return of 373,6% in May. As of June 3, the IDIA token is trading at $0,26.

Impossible Finance is a decentralized finance (DeFi) multichain platform. It allows the development of blockchain projects above Layer 1 (L1).

Polkastarter (POLS)

The IDO platform has a market capitalization of $525,42 million. Polkastarter had an average return of 396,7% in May. As of June 3, the POLS token is trading at $0,62.

Polkastarter is a decentralized fundraising platform based on Polkadot, created for cross-chain token pools and auctions. POLS is the platform's service and governance token. Polkastarter was founded in 2020 by Daniel Stockhaus, Tiago Martins and Miguel Leite.