A large number of cryptocurrencies are built on the Ethereum blockchain. All of these crypto projects use the ERC-20 token standard because it is the token standard for the Ethereum blockchain. There are many ERC-20 tokens that provide services in different DeFi fields, including blockchain games, decentralized exchanges, decentralized applications, etc. Due to the plethora of cryptocurrencies, it is difficult to decide which ERC-20 tokens to buy.
In this guide, we have listed some ERC-20 tokens in different sectors that are worth investing in in 2023. Read on to learn about our top eight ERC-20 tokens and their detailed descriptions. We also cover some reasons why ERC-20 tokens may be a good investment and present a step-by-step guide explaining how to buy these Ethereum-based tokens.
Top ERC-20 Tokens to Buy in December 2023
There are many cryptocurrency projects built on the Ethereum blockchain and using the ERC-20 token standard. Therefore, we have selected the most innovative and profitable projects through in-depth research. In the following sections, you will also find a detailed review of each ERC-20 token included in the list.
Bitcoin Minetrix – A growing ERC-20 project with huge potential
Bitcoin Minetrix is poised to revolutionize the Bitcoin mining space, making it more accessible to a wider audience, including retail investors. Bitcoin mining has traditionally been viewed as an expensive venture, but this innovative project changes that perception. Through Bitcoin Minetrix’s ecosystem, users can stake their BTCMTX tokens in Ethereum smart contracts, paving the way for winning cloud mining credits.
The impetus for the project came in the wake of widespread fraud by third-party cloud mining providers. By tokenizing these assets, Bitcoin Minetrix not only provides a safer path, but also brings greater transparency to the process. Locked token holders can exchange their points for Bitcoin mining power, thereby ensuring a share of mining revenue.
Bitcoin Minetrix is putting 70% of its token supply in presale, aiming to meet its ambitious goal of raising $32 million through ten rounds. The project has already seen notable success, raising over $100,000 in a single day.
By lowering the barriers to entry and introducing a more cost-effective cloud mining solution, Bitcoin Minetrix becomes a strong contender for the best cryptocurrency of the year. Notably, staking BTCMTX tokens currently offers an impressive annual yield of over 7000%, making it an attractive ERC-20 token for potential investors.
Click to visit the Bitcoin Minetrix presale
Bitcoin ETF Token – ERC-20 token to leverage anticipated Bitcoin ETF approval
Meet Bitcoin ETF Token ($BTCETF), a brand new cryptocurrency that offers exciting investment opportunities tied to potential Bitcoin ETF approvals. Through a unique approach to token economics involving destruction, taxation, and staking rewards, $BTCETF is designed to capitalize on anticipated ETF milestones.
As an ERC-20 token on Ethereum, $BTCETF is currently in presale, offering 40% of the total supply at a discounted price of $0.005 per token. The project has a staking agreement that uses 25% of the supply for rewards, with a maximum annual yield of over 5000%. A 5% transaction destruction tax is also implemented, which decreases with each BTC ETF milestone and is gradually eliminated when the Bitcoin price reaches $100,000.
The plan includes token destruction and sales tax to reduce the supply by 25%. The five milestones associated with the ETF approval mean that each milestone will destroy 5% of the total $BTCETF supply. This not only benefits token holders, but also keeps prices stable by preventing rapid flipping.
The $BTC ETF presale created a sensation, attracting more than $37,000 on the first day and $200,000 to date. Early backers are hopeful of future positive SEC ETF updates, which are expected to achieve substantial growth.
Click to visit Bitcoin ETF Token presale
Meme Kombat – An innovative meme project
Meme Kombat is a notable ERC-20 token that has attracted considerable attention recently. This gaming project introduces an innovative gaming platform where players can battle and gamble against other players and AI characters representing various meme projects.
By leveraging blockchain technology and artificial intelligence, Battle Arena ensures fairness, security, and transparency of all bets and outcomes. In addition to standard winner betting, Battle Arena offers other betting options that allow players to speculate on various aspects, including initial moves and winning methods.
$MK tokens can not only be used for staking, but can also be staked, which is a prerequisite for gambling. This process allows token holders to earn an impressive annual rate of return, currently set at 112%. Unlike the usual practice among Meme coin projects, Meme Kombat offers a modest supply of only 12 million tokens. 50% of the supply was allocated in the presale, with a price of $1.667 per token and a hard cap of $10 million, making Meme Kombat an attractive ERC-20 token that offers a compelling investment opportunity.
Click to visit Meme Kombat presale
TG.Casino – The ideal ERC-20 cryptocurrency for gambling enthusiasts
TG.Casino’s TCG token presale created a stir in the crypto community, raking in an impressive $150,000 in just minutes after launch. This early success has made TCG a compelling crypto investment option, thanks to its generous staking rewards and an innovative revenue-sharing model implemented by a buyback program.
According to the latest update, the staking pool offers an annualized rate of return of over 4000%. This generous staking program not only encourages long-term holding, but also ensures that participants receive a portion of the casino’s profits.
Strategically, the casino periodically buys back tokens, distributing 60% of the purchases to stakers. Those who stake larger amounts over the long term receive larger rewards. The remaining 40% is systematically destroyed, creating a deflationary effect that generally causes the value of the token to rise.
TG.Casino leverages the power of Telegram's powerful bot system to provide players with a seamless and secure user experience in the rapidly expanding cryptocurrency casino space. With a broad user base of approximately 800 million worldwide, Telegram enables fast, anonymous account creation and cryptocurrency transfers.
In the ongoing presale, 40% (100 million) of the total token supply is available, setting a hard cap of $5 million. Currently, the tokens are offered at a favorable price of $0.125, providing an attractive entry opportunity for potential ERC-20 token investors.
Click to visit TG.Casino presale
Launchpad XYZ – The best ERC-20 token for Web 3
The NFT market has recently seen a bear market, causing the prices of major NFTs on the market, such as BAYC and CryptoPunks, to fall below $100,000. Therefore, it is necessary for investors to start exploring different projects. One of the projects that has attracted the attention of the community is Launchpad, which provides a promising investment option for NFT enthusiasts.
Launchpad XYZ will help users understand and master the art of the Web3 ecosystem, including detailed analysis and insights, industry sentiment, and relevant information.
The platform also allows users to find lists of popular NFTs, determine the potential of the latest NFT releases, and curate their own collections in the NFT Gallery. Launchpad XYZ will sort assets based on their Launchpad XYZ Quotient (LQ), a metric that will give users an idea of which assets to buy or sell.
Launchpad XYZ’s decentralized exchange will allow users to trade over 100 crypto assets, while its NFT decentralized exchange will allow peer-to-peer trading of non-fungible tokens. Launchpad’s native token, LPX, is currently in presale, and investors can obtain LPX tokens on the Launchpad XYZ website.
Funds raised from the presale of LPX tokens will be invested in multiple activities including DEX market development, platform development, user acquisition, and core team. Hurry and become an early investor and potentially reap exponential returns.
Click to visit Launchpad XYZ pre-sale
yPredict – ERC-20 token based on artificial intelligence
yPredict (YPRED) is a brand new platform that uses artificial intelligence technology to provide innovative tools for cryptocurrency investors. Through its advanced prediction models and data analysis, yPredict is widely recognized in the crypto industry for its revolutionary services.
One of yPredict’s standout features is the toolkit it provides to investors. These include real-time trading signals from experts, sentiment analysis, technical AI, and identification of over 25 chart patterns. Users can earn YPRED tokens to access these features.
In addition, yPredict is committed to rewarding its users. As the platform generates new subscriptions through artificial intelligence, it will allocate 10% of each subscription to YPRED holders who stake their tokens. This means you can earn up to 45% returns every quarter while enjoying advanced trading features and accurate predictions.
To make the most of this opportunity, you can purchase YPRED tokens at a discounted price of $0.05, which is its ongoing presale price. Notably, yPredict has already raised an impressive $480,000 and is still growing. Don’t miss your chance to get involved in one of the best cryptocurrency projects of 2023.
Click to visit yPredict presale
Wall Street Memes – The Best ERC-20 Meme Coins for 2023
Wall Street Memes ($WSM) is another ERC-20 token worth considering. In two days, it has gained huge popularity, raising over $250,000 in two days of launching its Phase 1 presale. In addition, it has attracted a strong social media following of 1 million supporters, which increases its credibility, future potential, and investor confidence.
Given that market sentiment and community strength play a vital role in the success of any meme coin, $WSM is expected to be on par with other similar coins such as Shiba Inu and Dogecoin.
The founders of Wall Street Memes attracted widespread attention in 2021 when they made nearly $2.5 million in 32 minutes after launching the Wall Street Bulls 10,000 NFT series.
$WSM is deployed on the Ethereum blockchain and is an ERC-20 token with a total supply of 2 billion. The token can currently be purchased directly from the OKX exchange.
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Tether – The most popular stablecoin based on Ethereum
Tether is a stablecoin whose value is pegged to the US dollar, meaning that its value should remain stable, i.e. equal to 1 US dollar. Stablecoins aim to achieve this goal - not be affected by the volatility of cryptocurrencies and have a stable value. To achieve this goal, they are backed by other assets, which can be gold, dollars, euros, or other assets, even cryptocurrencies. Tether is one of the earliest stablecoins. It was founded in 2014 and was originally called Realcoin, but it was soon renamed Tether.
Although several other stablecoins have emerged over the years, Tether remains the most popular of them all: it is the largest stablecoin and the third-largest cryptocurrency by market cap. In addition, Tether’s daily trading volume often exceeds that of all other cryptocurrencies. But if Tether is almost always worth $1, how can it be a good investment?
Actually, Tether is not an investment, but holding this stablecoin can bring you many advantages. Tether's native token USDT is used for several purposes. First, if you want to store your funds through cryptocurrencies, Tether is always a good choice because it does not have the volatility of other cryptocurrencies. In addition, Tether is a great way to transfer funds peer-to-peer because you can transfer funds through Tether in a fast and low-cost manner.
Another benefit of holding Tether is that it is listed on most major cryptocurrency exchanges, and you can buy it in advance and then exchange it for other cryptocurrencies. Finally, although you cannot make a profit by buying and selling Tether, you can earn interest rates by lending your USDT tokens, and there are multiple platforms that support Tether lending.
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Ethereum – The most popular ERC-20 token merged with the PoS layer
Ethereum is the second largest cryptocurrency in the world and is probably the reason why the other ERC-20 tokens we have listed exist. This is because most of the popular cryptocurrencies are built on the Ethereum platform and use its ERC-20 token standard. As such, it is the most popular token among them, and also the most expensive.
The project was founded in 2014 by Vitalik Buterin, a Russian-Canadian computer programmer who was originally known as the co-founder of Bitcoin Magazine. However, Vitalik thought he could apply the ideas of decentralization and blockchain to other areas, not just as a peer-to-peer payment system. Thus, Ethereum was founded, which provides a smart contract-based platform on which developers can build decentralized applications, new tokens, and blockchain games.
Ethereum's native token, Ether (ETH), powers the network and is used to pay the miner fees charged when transactions are made on the platform. Since Ethereum originally used the Proof of Work consensus mechanism, ETH is mined in a similar way to Bitcoin. However, this DeFi project has just transitioned to the Proof of Stake protocol in a most welcome event known as The Merge.
The PoS consensus mechanism changes the way new ETH tokens are issued. Now, network participants must pledge their ETH tokens to contribute to the security of the network, thereby adding new blocks and receiving rewards. If users want to become network validators, they must be ready to lock a certain amount of their tokens for a period of time and be selected as a validator by the network.
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Basic Attention Token – an Ethereum-based cryptocurrency project for the advertising space
Basic Attention Token is another excellent ERC-20 token worth considering. It is built on the Ethereum platform and combines web browsers and blockchain technology to achieve fair distribution of funds between advertisers, publishers, and consumers. The project was founded by Brendan Erich, co-founder of Mozilla and Firefox, and released its white paper in 2021. However, in 2017, the BAT token had its initial coin offering, and 1 billion tokens were sold in just 30 seconds.
What is the purpose of Basic Attention Token and how does it work? The token is used by a web browser called Brave. It tracks ad publishing and the experience of consumers watching these ads. Based on the data, it distributes BAT tokens between publishers who publish these ads, content consumers who watch them, and advertisers. So, the idea of the project is to make digital advertising work for all three parties and distribute the rewards fairly between them.
Although Basic Attention Token is fairly new in the market, it has already earned a huge reputation. Brave browser has millions of users every day, with more than 10 million users per day. BAT token is also very popular. It is one of the top 100 cryptocurrencies by market capitalization, with a market capitalization of about $455.5 million. The maximum supply of this token is 1.5 billion BAT tokens, of which 99% are already in circulation.
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Uniswap – A popular ERC-20 token supporting a widely used decentralized exchange
Uniswap is the first and largest decentralized exchange built on the Ethereum blockchain. It is a decentralized platform where users can buy and sell cryptocurrencies without the intervention of any party. Trades are not done by matching buyers and sellers with each other, but through a series of liquidity pools. Since Uniswap is an ERC-20 token and built on Ethereum, it can only support cryptocurrencies built on the Ethereum platform for trading. Therefore, you can find all ERC-20 tokens on this exchange and can buy or sell them quickly and easily.
But who provides liquidity to these liquidity pools? Uniswap's network has liquidity providers, who are regular people who want to lock their assets in these liquidity pools. To become a liquidity provider, they must lock two different tokens of the same value. In return for locking their tokens, the providers will receive a portion of the trading fees and UNI tokens.
UNI is the native token of the Uniswap network, and it is a governance token. This means that users holding UNI tokens have a say in the development of the project and vote on changes to Uniswap. It is also used to reward UNI holders and provide liquidity, and is used to purchase any asset in the Uniswap ecosystem.
At the launch of Uniswap v2, the project conducted an airdrop in September 2022, airdropping 400 UNI tokens to everyone who traded on its platform. UNI is currently the 20th-ranked cryptocurrency by market cap, with a market cap of over $4 billion. It has a maximum supply of 1 billion UNI tokens, most of which have already been issued. This means that UNI could increase its value after the crypto market recovers or attracts huge attention.
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Chainlink – A successful ERC-20 token designed to power the Ethereum ecosystem
Chainlink is one of the most important projects built on Ethereum and is crucial to Ethereum. It provides real-world data to smart contracts running on Ethereum. Chainlink is a bridge that connects the outside world to smart contracts, providing data through so-called oracles. The project is more than five years old. It was founded in 2015 by a company called SmartContract.
The project's co-founders Steve Ellis and Sergey Nazarov published its white paper in 2017, followed by an initial coin offering of its native token, LINK. The team successfully sold 35% of the tokens and raised $32 million in funding. The maximum supply of Chainlink tokens is 1 billion LINK tokens, of which nearly 50% have been issued, equivalent to 491.6 million tokens. One LINK token is equal to $7.2, which makes it the 23rd largest cryptocurrency by market cap.
Actually, LINK is very important for Chainlink because all transactions are carried out with it. To understand this, you need to understand how the network works. Since smart contracts are the basis of the Ethereum project and everything is built using smart contracts, they must contain a lot of data. Therefore, these smart contracts often rely on data from the outside world. Chainlink helps to obtain this data through oracles. The process is divided into three steps.
First, an oracle that provides a certain type of data is connected to a user who needs that data. The user locks some LINK tokens in a smart contract, and then the oracle provides the data. Oracles must provide data accurately because they are scored to determine their reputation. They also receive LINK tokens as a reward.
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OmiseGo - ERC-20 token that provides a decentralized exchange that accepts both fiat and cryptocurrencies
OmiseGo is another promising ERC-20 token worth investing in. It started in 2015 with the goal of exploring and finding ways to simplify the transfer of funds processed by different payment platforms. One of the tools used by the project is a decentralized exchange where you can trade fiat currencies for cryptocurrencies and cryptocurrencies for cryptocurrencies.
It also provides a Software Developer Kit (SDK) tool that enables anyone to build a simple digital wallet on the platform without having to know too much about how to build it. Since the platform is built on the Ethereum blockchain, it uses the Proof of Stake (PoS) consensus mechanism and allows its token holders to stake their tokens and receive its native token OMG as a reward.
OMG is an important token of the OmiseGo network, and users must pay in OMG tokens to use the services of its blockchain. It is also used for locked validators and people who create contracts and rewards them. If the user fails to perform his duties correctly, the OMG tokens will be refunded and sent to an unusable address. This means that over time, the number of OMG tokens may decrease, making OMG a scarce cryptocurrency.
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What are ERC-20 tokens?
Since Ethereum is a programmable blockchain network, developers can build other tokens and cryptocurrency projects on its platform. ERC-20 is a technical standard used on the Ethereum blockchain. Therefore, all tokens created on Ethereum are technically called ERC-20 tokens. These tokens are fungible, which means that you can exchange them with any other ERC-20 token on the Ethereum blockchain. So, you can exchange LBLOCK with ETH, or LINK with OMG, and so on.
The first ERC token was obviously Ethereum’s Ether, created in 2015, and since then many other ERC-20 tokens have appeared, now more than a thousand. These tokens have driven the development of different DeFi sectors: from decentralized applications that provide real-world solutions to blockchain games that help you earn money while playing through P2E functionality.
Are ERC-20 tokens a good investment?
First, one reason to invest in ERC-20 tokens is that they are all built on the Ethereum blockchain, which is a secure, decentralized, and scalable platform. In addition, the Ethereum team is constantly working to improve its platform, one example being Ethereum’s transition to a more environmentally friendly consensus mechanism called proof of stake.
Another excellent advantage is that all of these tokens can be exchanged between each other, which is an excellent feature for traders. If you hold ETH tokens, you can always exchange them for other ERC-20 tokens whenever you think it is time to invest. This world also opens up a wide range of options for you that power different areas of decentralized finance. You have many options for promising and affordable assets, which will also allow you to build a strong diversified cryptocurrency portfolio.
So, in conclusion, ERC-20 tokens are definitely a good investment option at the moment. The Ethereum blockchain is the largest and most efficient system for smart contracts, and that is unlikely to change in the short term.
However, you need to be cautious before making any investment and do not risk money that you will need in the short term. In addition, you need to do your own research and take into account the risk of possible loss of funds and cryptocurrency volatility before purchasing any ERC-20 tokens.
Readers may also be interested in our guide on the best BSC tokens (Binance Smart Chain tokens based 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 that has a cost-effective pricing structure and rich trading tools. Our most recommended broker for buying ERC-20 tokens is eToro. According to our analysis, it stands out for its excellent security strategy, features, and low trading fees. Here is a complete guide on how to buy ERC-20 tokens with eToro.
Step 1: Register an account at eToro
If you don’t have an eToro account yet, visit eToro’s website to create a free account. During the registration process, you will need to fill in details such as your first and last name, email address, phone number, etc. In addition, you will need to answer some questions about your trading plans and income.
Once you have created your account, you will need to go through verification. Here you will have to do two types of verification as eToro is strictly regulated by multiple financial institutions. Therefore, you will have to provide proof of identity, which can be a copy of your passport or ID card, and proof of address, which can be a utility bill, etc.
Step 2: Deposit Funds