As the token sale market continues to progress, a significant number of blockchain projects are opting to conduct Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs) and Security Token Offerings (STOs). As a result, there are a number of alternatives for investors still interested in finding the most interesting projects at an early stage, and here are some of our top picks for June.

STP Network

STP Network makes use of a Standard Tokenization Protocol that works as an open-source method for commercial entities to tokenize a range of assets while remaining compliant. Operations on the network are planned to be compliant across jurisdictions with assets planned to be transferable across any blockchain platform. Any tokens built and/or launched using the STP-Standard will utilise STP’s on-chain validator to verify compliance and ensure the assets fall in line with any jurisdictional or issuer-specific requirements.

The team have already raised around $7.3m and are looking to complete their fund raising activities by conducting an IEO. The STP Network team is aiming to raise $750,000 and the IEO is set to begin on June 11 on Bittrex.

Ampleforth

Ampleforth is a smart digital-asset-protocol, and the protocol takes in exchange rate information from a network of trusted oracles, and propagates that to holders of its token units, also known as Amples. The system proportionally increases or decreases the number of tokens each individual holds, and aims to control the project’s market cap by adjusting the circulating supply of tokens as opposed to trying to regulate the price of Amples. The project fits into the “stablecoin” niche, and while the price of Amples may fluctuate in the short term, it is expected that Amples will naturally become more stable over time and provide traders with an alternative digital currency to use.

The team are aiming to raise $4.5m and the IEO is set to begin on June 13, on Ethfinex.

Algorand

Algorand is a public and permissionless decentralized blockchain network. The Algorand platform requires minimal processing power and modest IT resources to join, and the project also incorporates a pure Proof-of-Stake consensus mechanism. This mechanism helps to ensure high levels of speed and security and also does away with forks as proposed changes are posted on the blockchain, and the consensus protocol is used to process votes on the proposals.

When the community reaches an agreement, the block where the change happens is selected, and all parties can switch to the new protocol at the same time. The team are aiming to raise funds this month and are holding a series of Dutch Auctions which begin on June 19.

Wirex

Wirex is a popular crypto debit card service that allows people to spend cryptocurrencies on everyday items. The project has worked without a token but the team have created the Wirex token (WXT) which is a Stellar-based utility token and allows users to benefit from heavily-discounted fees or bespoke merchant offers. For example, holders of WXT will receive discounts on exchange fees, bank transfer fees, withdrawal fees, ATM charges and Swift transfer fees.

They will also receive bonuses that reward them with paybacks in crypto for using their card to make purchases. An exclusive WXT presale only for Wirex users will take place on June 13 and will be followed up by an Initial Coin Offering.

The team will release $1 million worth of tokens (1% of the total WXT supply) and conduct an IEO on OKEx’s OK Jumpstart programme on June 26.

Kraken Equity

Note: Kraken's recent equity offering is not a token sale. However, it is an opportunity to invest in a major cryptocurrency company, so we decided to feature it as a relevant piece of information for our readers.

Kraken was founded in 2011, and is one of the oldest and most popular cryptocurrency exchanges currently in operation. The exchange has an international user base, over 800 employees, and provides efficient trading options in a number of fiat currencies including USD, EUR, CAD, JPY, and GBP.

Kraken is also a leader in terms of Bitcoin to Euro trading volumes, and in order to help expand their services the Kraken team are aiming to raise a minimum of $4.8m in exchange for equity in the company. However, the equity sale is only for accredited investors.

The fundraising round has a $15.5M goal for 0.3862% of equity in the company, the minimum investment is $1,000 and the sale can be accessed until June 19 through the Bnk to the Future website.