A myriad of cryptocurrencies are built on top of the Ethereum blockchain. All these crypto projects use the ERC-20 token standard as it is the token standard of the Ethereum blockchain. There are ERC-20 tokens offering services in different DeFi sections, including blockchain games, decentralized exchanges, decentralized apps, etc. With this excessive number of cryptocurrencies, it becomes quite confusing to decide which ERC-20 tokens to buy.
In this guide, we have enumerated a number of ERC-20 tokens in different fields that are worth investing in for 2023. Read on to find out our top eight ERC-20 tokens and their detailed descriptions. We have also introduced some reasons why ERC-20 tokens can be good investments and introduced a step-by-step guide that explains how to buy these Ethereum-based tokens.
Top ERC-20 Tokens to Buy in December 2023
There are quite a few cryptocurrency projects built on the Ethereum blockchain and using the ERC-20 token standard. Hence we have chosen the most innovative and profitable projects through in-depth research. In the next section, you will also find a detailed review of each of the ERC-20 tokens included in the list below.
Bitcoin Minetrix
– Growing ERC-20 Project With Massive Potential
Bitcoin ETF Token
– ERC-20 Token Leveraging the Anticipated Bitcoin ETF’s Approval
Meme Kombat
– Meme Project with an Innovitove Gamefi Concept
TG.Casino
– Ideal ERC-20 Crypto for Gambling Enthusiasts
Launchpad XYZ
– Best ERC-20 Token in The Web 3 Genre
yPredict
– ERC-20 Token with AI Fundamentals
Wall Street Memes
– Best ERC-20 Memecoin of 2023
Tether
– Most Popular Stablecoin Based on Ethereum’s ERC-20 Token
Ethereum
– Most Popular ERC-20 Token that Merges with the PoS Layer
Basic Attention Token
– Ethereum-based Crypto Project in the Field of Advertisements
Uniswap
– Popular ERC-20 Token Powering a Widely Used Decentralized Exchange
Chainlink
– Successful ERC-20 Token that Aims to Boost the Ethereum Ecosystem
OmiseGo
– ERC-20 Token Offering Fiat-to-crypto Acceptable Decentralized Exchange
Top ERC-20 Tokens to Buy Reviewed – Full List
In this part of the guide, you will learn about the top ERC-20 tokens that we consider a good buy for 2023. These tokens are created to make changes in the field of blockchain games, cryptocurrency exchanges, blockchain development, etc. What makes them a good investment is, first of all, their goals and strong plans of introducing new ideas and solutions into their fields. All the projects and their descriptions are introduced separately and in detail.
Bitcoin Minetrix – Growing ERC-20 Project With Massive Potential
Bitcoin Minetrix
is poised to revolutionize the Bitcoin mining landscape, making it accessible to a broader audience, including retail investors. Traditionally seen as a costly venture, Bitcoin mining has been reframed by this innovative project. Through Bitcoin Minetrix’s ecosystem, users can stake their BTCMTX tokens within an Ethereum-powered smart contract, paving the way to earn cloud mining credits.
The project’s motivation stems from the prevalent scams by third-party cloud mining providers. By tokenizing these assets, Bitcoin Minetrix not only provides a more secure avenue but also brings greater transparency to the process. Staked token holders can exchange their credits for Bitcoin mining power, thus securing a share of the mining revenue.
With 70% of the token supply earmarked for the presale, Bitcoin Minetrix has outlined an ambitious goal of raising $32 million through ten rounds. The project has already achieved significant success, amassing over $100,000 within a single day.
By lowering entry barriers and introducing a more cost-effective cloud mining solution, Bitcoin Minetrix emerges as a strong contender for the title of the best crypto of the year. Notably, staking BTCMTX tokens currently offers an impressive APY of over 7,000%, making it an enticing ERC-20 token for prospective investors.
Visit Bitcoin Minetrix Presale
Bitcoin ETF Token – ERC-20 Token Leveraging the Anticipated Bitcoin ETF’s Approval
Meet
Bitcoin ETF Token ($BTCETF)
, a fresh crypto offering a ride on the excitement train surrounding potential Bitcoin ETF approval. With a cool approach to tokenomics involving burns, taxes, and staking rewards, $BTCETF aims to cash in on the expected ETF milestone.
As an ERC-20 token on Ethereum, $BTCETF is currently in presale, offering 40% of the total supply at a discounted $0.005 per token. The project flaunts a staking protocol, dedicating 25% of the supply to rewards, boasting an APY of over 5,000%. A 5% transaction burn tax is in play, dropping with each BTC ETF milestone and phasing out at the $100,000 Bitcoin price.
The plan includes token burns and selling taxes to shrink the supply by 25%. Five milestones tied to ETF approval mean 5% of the total $BTCETF supply goes poof with each achievement. This not only benefits token holders but also keeps the price stable by discouraging quick flips.
The $BTCETF presale is making waves, pulling in over $37,000 on day one, and $200,000 so far on day two. Backed by Google Trends data showing a surge in “spot Bitcoin ETF” searches, early supporters are hopeful for big growth, especially with positive SEC ETF updates on the horizon.
Visit Bitcoin ETF Token Presale
Meme Kombat – Meme Project with an Innovitove Gamefi Concept
Meme Kombat
has emerged as a standout ERC-20 token, capturing considerable attention in recent times. This gamefi project introduces an innovative gaming platform where players can engage in battles, wagering against both fellow players and AI-driven characters representing various meme projects.
Leveraging blockchain technology and AI, the Battle Arena ensures the fairness, security, and transparency of all wagers and outcomes. Beyond standard winner bets, the Battle Arena offers additional betting options, allowing players to speculate on various aspects, including the initial move and the manner of victory.
$MK tokens not only facilitate wagers but can also be staked, a prerequisite for wagering. This process enables token holders to yield an impressive APY, presently set at 112%. In a departure from the norm in meme coin projects, Meme Kombat offers a modest supply of just 12 million tokens. With 50% of the supply allocated in the presale at a rate of $1.667 each, establishing a hard cap of $10 million, Meme Kombat emerges as an enticing ERC-20 token, presenting a compelling investment opportunity.
Visit Meme Kombat Presale
TG.Casino – Ideal ERC-20 Crypto for Gambling Enthusiasts
TG.Casino’s
TCG token presale made waves in the crypto community, securing an impressive $150,000 within just minutes of its launch. This early success has firmly established TCG as a standout crypto investment option, thanks to its lucrative staking rewards and an innovative revenue-sharing model facilitated by a token buyback program.
As of the latest update, the staking pool offers an astounding Annual Percentage Yield (APY) of over 4,000%. This generous staking program not only encourages long-term holding but also ensures that participants receive a portion of the casino’s profits.
In a strategic move, the casino periodically repurchases tokens, allocating 60% of the purchase to be distributed among stakers. Those who stake larger quantities for extended periods receive even greater rewards. The remaining 40% is systematically burned, creating a deflationary effect that often results in an appreciating token value.
TG.Casino leverages the capabilities of Telegram’s robust bot system, providing players with a seamless and secure user experience in the rapidly expanding realm of crypto casinos. With an extensive user base of approximately 800 million globally, Telegram enables swift and anonymous account creation and crypto transfers.
In the ongoing presale, 40% of the total token supply (100 million) is made available, with a set hard cap of $5 million. Tokens are currently accessible at a favourable rate of $0.125 each, presenting an attractive entry point for potential ERC-20 token investors.
Visit TG.Casino Presale
Launchpad XYZ – Best ERC-20 Token in The Web 3 Genre
The NFT market has recently witnessed a bearish trend, causing the market’s major NFTs, such as BAYC and CryptoPunks, to drop below $100,000. As a result, it is necessary for investors to start exploring different projects. One such project that has caught the attention of the community is Launchpad, which offers NFT enthusiasts a promising investment option.
Launchpad XYZ
will help its users understand and master the art of the Web3 ecosystem, from detailed analysis and insights to industry sentiment and relevant information.
The platform will also allow users to find a list of in-demand NFTs, identify the potential of the latest NFT releases, and curate their collection in the NFT gallery. Launchpad XYZ will rank assets based on their Launchpad XYZ Quotient (LQ), which will provide users with an idea of which assets to buy or sell.
The decentralized exchange on Launchpad XYZ will allow its users to deal in over 100 pairs of crypto assets, while its NFT decentralized exchange will allow peer-to-peer trading of non-fungible tokens. LPX, Launchpad’s native token, is currently up for presale, and investors can get their hands on LPX tokens on the Launchpad XYZ website.
The funds raised from the presale of LPX tokens will be invested in a number of activities including DEX market development, platform development, user acquisition, and core team. Hurry now, to become an early investor and potentially get exponential returns.
Visit Launchpad XYZ Presale
yPredict – ERC-20 Token with AI Fundamentals
yPredict (YPRED)
is an all new platform that leverages AI technology to provide innovative tools for crypto investors. With its cutting-edge predictive models and data analysis, yPredict is gaining recognition in the crypto industry for its revolutionary offerings.
One of the standout features of yPredict is its toolkit for investors. This includes real-time trading signals from experts, sentiment analysis, technical AI, and identification of over 25 chart patterns. Users can obtain YPRED tokens to access these features.
Furthermore, yPredict is committed to rewarding its users. As the platform generates new subscriptions through AI, it allocates 10% of each subscription to YPRED holders who stake their tokens. This means that you can receive up to 45% in quarterly rewards while enjoying advanced trading features and accurate predictions.
To make the most of this opportunity, you can purchase YPRED tokens during its ongoing presale at a discounted price of $0.05. It’s worth noting that yPredict has already raised an impressive $480K and is still growing. Don’t miss out on the chance to join in on one of the best crypto projects of 2023.
Visit yPredict Presale
Wall Street Memes – Best ERC-20 Memecoin of 2023
Wall Street Memes ($WSM)
is yet another ERC-20 token that is worth exploring. Over the last two days, it has gained tremendous popularity as it raised more than $250,000 within two days of launching its Stage 1 presale. Moreover, it has also gained a strong social media following of 1 million supporters, thus adding to its credibility, future potential, and investor confidence.
Given that market sentiments and community strength play a crucial role in the success of any meme coin, $WSM is well on track to be at par with some of its contemporaries like Shiba Inu and Dogecoin.
The founders of Wall Street Memes gained immense popularity back in 2021 when they earned close to $2.5 million within 32 minutes of dropping the Wall Street Bulls 10,000-piece NFT collection.
Deployed on the Ethereum Blockchain, $WSM is an ERC-20 token that has a total supply of 2 billion. The token is currently available for investors to purchase directly from the OKX exchange.
Buy Wall Street Memes
Tether – Most Popular Stablecoin Based on the Ethereum’s ERC-20 Token
Tether
is a stablecoin that is pegged to the USD meaning that it is meant to keep its value stable which must be equal to $1. Stablecoins are designed for this purpose – to not be affected by the volatility of cryptocurrencies and to have a consistent value. To make this a reality, they are backed by other assets which can be gold, dollar, euro, and other assets including even cryptocurrencies. Tether was among the first stablecoins. It was founded in 2014 and initially was named Realcoin but soon it changed its name to Tether.
Though several other stablecoins emerged over the years, Tether still remains the most popular among them: it is the first largest stablecoin and the third largest crypto by its market capitalization. Plus, Tether has an excessive daily trading volume which often exceeds all the other cryptocurrencies. But how can Tether be a good investment if you can’t benefit from it as its value is almost always $1?
Tether is not actually an investment but holding this stablecoin can give you a bunch of advantages. Tether’s native token,
USDT
, is used for diverse purposes. First of all, if you want to store your funds through cryptocurrencies, Tether is always a good choice as it does not have the volatility of other cryptocurrencies. Additionally, Tether is an excellent way for peer-to-peer money transfers as you can send it in a fast and cost-effective way through Tether.
Another great thing about holding Tether is that it is listed on most leading cryptocurrency exchanges and you can buy it in advance to later exchange with another cryptocurrency. And finally, though you can’t make money by buying and selling Tether you can earn interest rates by lending your USDT tokens and there are multiple platforms that support Tether lending.
Buy Tether
Your capital is at risk.
Ethereum – Most Popular ERC-20 Token that Merges with the PoS Layer
Ethereum
is the second largest cryptocurrency in the world and probably the reason for the existence of the other cryptocurrencies included in our top ERC-20 tokens list. This is because most of the popular cryptocurrencies are built on top of Ethereum’s platform and use its ERC-20 token standard. Hence, Ethereum is the most popular token among them and also the most expensive one.
The project was founded in 2014 by Russian-Canadian computer programmer Vitalik Buterin, who was first known as the co-founder of Bitcoin Magazine. But Vitalik thought that he can use the idea of decentralization and blockchain in other areas too other than as a peer-to-peer payment system. Hence, Ethereum was founded which offers a smart-contract-based platform that developers can use to build decentralized applications, new tokens, and blockchain games.
Ethereum’s native token – Ether
(ETH)
powers the network and is used to pay for gas fees that are charged when conducting transactions on the platform. As Ethereum’s blockchain initially used the Proof of Work consensus mechanism ETH is mined similarly to Bitcoin. However, the DeFi project has just transitioned to the Proof of Stake protocol – an event that is most popular as The Merge.
The PoS consensus mechanism changes the way how new ETH tokens are minted. Now, network participants must stake their ETH tokens to contribute to network safety and thus add new blocks and get rewarded for that. If a user wants to become a network validator, they must be ready to lock a certain amount of their tokens for a certain time and be selected by the network as a validator.
Buy Ethereum
Your capital is at risk.
Basic Attention Token – Ethereum-based Crypto Project in the Field of Advertisements
Basic Attention Token
is another excellent ERC-20 token that is worth considering. Built on top of Ethereum’s platform, BAT combines web browser and blockchain technology to accomplish the fair distribution of money between advertisers, publishers, and consumers. The project was founded by the co-founder of Mozilla and Firefox Brendan Erich and introduced its white paper in 2021. However, in 2017 BAT token went into the initial coin offering during which it sold a billion tokens in just 30 seconds.
What is the purpose of the Basic Attention Token and how does it work? The token is utilized by the web browser called Brave. It tracks the experience of publishing advertisements and how consumers watch these ads. Based on the data, it distributes
BAT
tokens between publishers who deliver these ads, consumers of the content who also watch ads, and advertisers. Hence, the idea of the project is to make digital advertising suitable for all three parties and fairly distribute rewards between them.
Though the Basic Attention Token is quite new in the market, it has already garnered huge popularity. There are millions of daily users of the web browser, Brave and it has over 10 million daily users. The BAT token is also quite popular. It is among the 100 largest cryptocurrencies by its market cap which is worth almost $455.5. The maximum supply of the token is 1.5 billion BAT tokens, 99% of which are in circulation.
Buy BAT
Your capital is at risk.
Uniswap – Popular ERC-20 Token Powering a Widely Used Decentralized Exchange
Uniswap
is the first and the largest decentralized exchange built on the Ethereum blockchain. It is a decentralized platform where users can buy and sell cryptocurrencies but without the interference of any party. The transactions are not controlled by a single entity or financial institution and they are managed through codes. Founded by Haden Adams and launched in 2018 Uniswap managed to quickly become a leading exchange and attract several users.
Uniswap does not work by matching buyers and sellers with each other. Instead, it uses a collection of liquidity pools from where users can buy and sell tokens. As Uniswap is an ERC-20 token and is built on Ethereum, it can only support trading cryptocurrencies built on the Ethereum platform. Hence, you can find all the ERC-20 tokens on this exchange and buy or sell them quickly and easily.
But who provides liquidity to these pools? Uniswap’s network has liquidity providers who are ordinary people wanting to lock their assets in those liquidity pools. To become a liquidity provider they must lock two different tokens in the same value. For locking their tokens, providers get rewarded with a portion of the trading fees and
UNI tokens.
UNI is the native token of the Uniswap network which is a governance token. It means that users holding UNI tokens have a word to say regarding the development of the project and vote on the changes about Uniswap. It is also used to reward the UNI holders and liquidity providers and to buy any asset on the Uniswap ecosystem.
During the launch of Uniswap v2 which occurred in September 2022, the Uniswap team airdropped 400 UNI tokens to everyone who has conducted transactions on its platform. UNI is currently the 20th largest crypto by its market capitalization with a market cap of more than $4 billion. It has a maximum supply of 1 billion UNI tokens most of which are already issued. It means UNI can increase its value after the recovery of the crypto market or once it attracts huge attention.
Buy Uniswap
Your capital is at risk.
Chainlink – Successful ERC-20 Token that Aims to Boost the Ethereum Ecosystem
Chainlink
is one of the most important projects that is built on Ethereum and is vital for Ethereum. It provides real-world data to facilitate smart contracts running on Ethereum. Chainlink is the connector between the outside world and the smart contracts which provides the data through so-called oracles. The project has a history of more than 5 years. It was founded in 2015 by a company called Smart Contract.
The co-founders of the project Steve Ellis and Sergey Nazarov published its white paper in 2017 after which they conducted an initial coin offering for its native token –
LINK
. The team managed to sell 35% of the tokens and raise capital of $32 million. The maximum supply of the Chainlink token is 1 billion LINK coins. Almost 50% of the tokens are already issued which is equal to 491.6 million coins. One LINK token is equal to $7.2 which makes the cryptocurrency 23rd largest crypto by its market cap.
In fact, LINK is extremely important for Chainlink as all the transactions are conducted in it. To understand this, you need to know how the network works. As smart contracts are the basis of the Ethereum project and everything is built using them, they must contain a lot of data. Hence, these smart contracts most often rely on data from the outside world. And Chainlink helps to get this data through oracles. The process happens through three steps.
First of all, oracles providing a certain type of data are linked to the users who need this data. Users lock some of the LINK tokens in the smart contracts which are followed by providing the data from the oracles. Oracles must provide the data accurately as they get scores for their job which determines their reputation. They also get rewarded with the LINK token.
Buy Chainlink
Your capital is at risk.
OmiseGo – ERC-20 Token Offering Fiat-to-crypto Acceptable Decentralized Exchange
OmiseGo
is another promising ERC-20 token to consider investing in right now. It started in 2015 to explore and find out ways to make it easier for the different payment platforms to process money transfers. One of the tools that the project uses is the decentralized exchange where you can make fiat-to-crypto and crypto-to-crypto transactions.
It also provides the Software Developer Kit tool that enables anyone to build simple digital wallets on the platform without knowing too many things about doing it. As the platform is built on the Ethereum blockchain it uses the Proof of Stake consensus mechanism and allows its token holders to stake their coins and be rewarded with its native token –
OMG
.
OMG is a vital token for the OmiseGo network as users must pay in OMG tokens to use the service of its blockchain. It is also used to lock by validators and by those who create contracts and for rewarding them. In case of not do their job properly, OMG tokens are refunded and sent to an address where they can’t be used. It means that the number of OMG tokens can be decreased over time making OMG a scarce cryptocurrency.
Buy OmiseGo
Your capital is at risk.
What Are ERC-20 Tokens?
As Ethereum is a programmable blockchain network, developers can build other tokens and crypto projects on its platform. ERC-20 is a technical standard that is used on Ethereum’s blockchain. Hence all the tokens that are built on through Ethereum, are technically called ERC-20 tokens. These tokens are fungible which means that you can exchange them with any ERC-20 token on the Ethereum blockchain. So you can swap LBLOCK with ETH, or LINK with the OMG, etc.
The first ERC token was, obviously, Ethereum’s Ether, which was created in 2015 after which a lot of other ERC-20 were created on its platform and there are more than a thousand ERC-20 tokens right now. These tokens power different DeFi sections: from decentralized apps offering real-world solutions to blockchain games that incorporate P2E features to help you earn money while playing.
Are ERC-20 Coins a Good Investment?
First, one of the reasons to invest in ERC-20 tokens is that all of them are built on the Ethereum blockchain which is safe, decentralized, and scalable. Additionally, the Ethereum team works on improving its platform consistently and one of the examples is Ethereum’s transition to a more environmentally-friendly consensus mechanism called
Proof of Stake
.
Another great advantage is that all these tokens can be swapped between each other which can be an excellent feature for the traders. If you hold ETH tokens you can easily and quickly swap them with another ERC-20 token whenever you think it’s the right time to invest in it. This world also opens up to you a wide selection of assets that power different sections of decentralized finance. You have a lot of options of promising and affordable assets which will also enable you to build a strongly diversified crypto portfolio.
So, the bottom line is that ERC-20 tokens are certainly a good investment right now. The Ethereum blockchain is the largest and most effective system for smart contracts, which is not likely to change in the near future.
But still, you need to be careful with all of your investments and never put at risk the money you will need after a short time. Plus, you need to do your own research before you purchase any ERC-20 token and consider the risk of losing money and crypto volatility.
Readers may also be interested in our guide to the
best BSC tokens
(Binance Smart Chain coins, on the BEP-20 token standard).
How to Buy ERC-20 Tokens – Step by Step Tutorial
If you are interested in buying ERC-20 tokens, you need to find a good cryptocurrency broker with a cost-effective pricing structure and abundant trading tools. eToro is our most recommended broker to buy ERC-20 tokens in 2023. According to our analyses, it stands out with an excellent safety policy, functionality, and low trading fees. Here is a complete guide about how you can buy ERC-20 tokens with eToro.
Step 1: Create an Account with eToro
Visit eToro’s website and create a free account
if you do not have one yet. The details you must fill in during the registration process include your name and surname, email address, phone number, etc. Plus, you will need to answer some questions about your trading plans and incomes that eToro asks when signing up.
Once your account is created, you need to get into the process of verifying it. Here you must undergo two types of verifications as eToro is strongly regulated by multiple financial institutions. Hence, you must provide proof of your identity, which can be a copy of your passport or ID, and a proof of address which can be a utility bill, etc.
Step 2: Deposit Funds
To start trading you will need to have money in your account. As the minimum deposit to start buying cryptos on eToro is $10 and the minimum trade is $10 too, you can start trading with eToro with as little money as $20. You can deposit this money through a bank transfer option, or select a faster method of chagrin which can be a bank card or an e-wallet.
Step 3: Search the ERC-20 Token
Once your account is ready to invest in ERC-20 tokens, you can start trading. First, decide which ERC-20 token you want to buy and search its name in the appropriate toolbar. You can also visit the cryptocurrency section on eToro and select which ERC-20 tokens you want to purchase. If you click on a token you will navigate to a separate page about that token where you can find a lot of useful information.
Step 4: Buy ERC-20 Token
You can either buy the ERC-20 token immediately or you can take your time and explore its price experience through the graphs and tools provided on the eToro’s platform. As soon as you decide to buy the coin, open the buy window and fill in the number of coins you want to purchase. Give the last check to make sure you filled in everything correctly and place the order to buy tokens.
Conclusion
In a nutshell, due to the popularity of the Ethereum blockchain, most cryptocurrencies are created using its platform. These tokens are known as ERC-20 tokens as they use the ERC-20 token standard. In this guide we have explained what the ERC-20 tokens are and whether they are a good investment right now.
We have also introduced top ERC-20 tokens to buy for 2023 which, according to our research, introduce serious and innovative solutions into the DeFi world. Our top recommended ERC-20 token is Bitcoin Minetrix which is a newly launched project that may revolutionize Bitcoin mining. Many of the ERC-20 tokens in our list are supported by
eToro
.
New Crypto Mining Platform – Bitcoin Minetrix
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Native Token On Presale Now – BTCMTX
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FAQs
What are ERC-20 coins?
Any token that is created using the standard of the ERC-20 token is called an ERC-20 token. As this token standard belongs to the Ethereum blockchain, all the ERC-20 token projects are created on top of the Ethereum project and use smart contracts technology.
How many ERC-20 tokens are there?
There are more than a thousand cryptocurrencies that use the ERC-20 token standard. Definitely, it is quite challenging to select which tokens can be more profitable. Hence we have introduced in our list the most popular ERC-20 tokens to buy this year.
What is the best ERC-20 token to buy right now?
We have ranked the best ERC-20 tokens to buy today which are quite innovative projects. Our list is led by the BTC20, which is Bitcoin for the Ethereum blockchain. Other top ERC-20 tokens to invest in include Ethereum, Tether, Chainlink, and more.
What will happen to ERC-20 tokens after the Ethereum merge?
After the Ethereum merge its blockchain will transition from the Proof-of-Work mechanism to the Proof-of-Stake consensus protocol. Still, all the ERC-20 token holders will have the same amount of tokens at the same address.
