Best ERC20 Tokens to Buy in 2023

ERC20 tokens are created using the ERC20 standard on the Ethereum blockchain. Thanks to the dominance of Ethereum and its system of smart contracts, the vast majority of popular cryptocurrencies available today are ERC20 coins.

There are hundreds, if not thousands, of ERC20 tokens for investors to choose from. So which ones are worth watching? In this guide, we’ll review the 14 best ERC20 tokens to buy in 2023 and explain everything investors need to know about ERC20 cryptocurrencies.

A Closer Look at the Best ERC20 Crypto Coins to Buy

Want to know more about the best ERC20 tokens to invest in for 2023? We’ve put together detailed reviews of the 14 best ERC 20 coins.

1. Love Hate Inu (LHINU) – Overall Best ERC-20 Token with Discounted Presale Price

Topping our list of the best ERC-20 tokens right now is Love Hate Inu. Love Hate Inu is an Ethereum-based platform that lets users vote on whether they ‘Love’ or ‘Hate’ specific topics or people. For example, the platform could feature polls based on political figures, influencers, or significant current events.

By voting on these polls, the platform’s users will earn LHINU – Love Hate Inu’s native ERC-20 token. The voting process itself is streamlined and accessible, meaning there’s scope for uncapped earnings potential through this exciting ‘Vote-to-Earn’ (V2E) mechanism.

As per Love Hate Inu’s whitepaper, the platform requires users to buy and stake LHINU tokens for at least 30 days before being able to cast votes. This approach is crucial, as it helps eradicate bots and spam accounts. As a result, poll results are much more accurate, providing a ‘true’ representation of the community’s sentiment towards a topic.

The potential applications for this are limitless since brands could partner with Love Hate Inu to facilitate sponsored polls to gauge the sentiment toward a new product or service. In fact, Love Hate Inu’s team has already noted on the roadmap that these sponsored polls are in the works – with entrants able to earn unique rewards like merchandise and NFT discounts.

Looking ahead, the development team has even presented plans to launch user-created polls alongside metaverse integration. These plans have helped Love Hate Inu generate colossal traction within the crypto community, leading to over 14,000 people joining the official Telegram channel.

Those interested in Love Hate Inu can buy LHINU tokens through the project’s presale phase. The presale has eight stages, with 11.25 billion LHINU allocated to each stage. This approach motivates investors to buy tokens as early as possible since the LHINU price will rise incrementally between stages.

2. FightOut – Popular Fitness-Based ERC-20 Token Currently Available on Presale

FightOut has developed 10 billion ERC-20 tokens for its move to earn ecosystem. It enables users to earn tokens by completing workouts and challenges, growing the community and earning badges.

Of the 10 billion ERC-2o tokens, 60% are allocated to the presale. Another 30% of the tokens are offered as rewards to early investors. FightOut has already raised more than $2 million within days since launching its presale, and the 50% token bonus will be removed when the project raises another $2.8 million.

That should be in a matter of days if the current momentum continues.

After the presale ends, $FGHT tokens are headed to exchanges. But only 10% of the total supply is allocated to liquidity. Investors looking to buy FGHT tokens on exchanges will be pressed to find them at low prices because high demand will increase prices.

FightOut enables platform users to earn reward tokens for completing workouts and challenges, earning badges and growing the community. Once users earn REPS, in-app currency, they can redeem them for merchandise, subscriptions and memberships to real-world FightOut gyms — to be situated in metropolitan areas around the world.

Users can earn more tokens by using their avatars to enter win tournaments and leagues by competing against other players. To get more information about how to earn REPS, users can join the Telegram channel and read the FightOut whitepaper.

This ERC-2o token is currently available at $0.016 during stage 1 of its presale. Users wanting to take advantage of the 50% bonus should bag the presale tokens now before they potentially take off when listed on exchanges.

3. Dash 2 Trade – Innovative Crypto Signals and On-Chain ERC-20 Token

The native cryptocurrency of the Dash 2 Trade crypto analytics and social trading platform, D2T is our recommended best ERC-20 token to invest in 2023.

Built on the Ethereum blockchain, D2T has a low supply of 1 billion coins – 70% of which are available to purchase over 9-presale rounds.

D2T is currently in stage 3 of its presale round, available at only $0.0513 per token. However, the cost of purchasing this top ERC-20 token will increase by 29% by the last round, when D2T will be worth $0.0662 per token.

As per the Dash 2 Trade whitepaper, D2T can be used to access exclusive trading tools, insights and analytics on the platform’s dashboard and token holders can take part in weekly trading competitions – where the winners are rewarded with D2T tokens.

This ERC-20 token can be used to purchase one of three monthly subscription packages on the Dash 2 Trade platform – with the top tier, Premium, costing 1,000 D2T per month and granting access to all features.

The benefits include access to regular crypto listing alerts, backtesting platforms and auto trading features.

One of the best emerging cryptocurrencies, D2T, has already raised more than $6 million in investment in  just three weeks of the presale launch.

As the platform looks to raise over $40 million, investors can also enjoy an opportunity to win a $150K D2T giveaway by investing in the presale.

The above table contains a list of the D2T token allocations and price changes per every one of the 9 presale rounds. Join the Dash 2 Trade Telegram channel to stay updated with this exciting cryptocurrency project.

4. RobotEra (TARO) – New Metaverse Game with ERC-20 Token on Presale

Built on the Ethereum blockchain, TARO is an ERC-20 token and the native cryptocurrency of RobotEra.

This new cryptocurrency offers a shared multiverse where players can create, explore, build and trade various NFT protocols and assets – TARO is currently being distributed via three presale rounds with RobotEra planning to raise almost $7 million during the presale.

TARO can be leveraged by RobotEra users to purchase Robots – which is the main NFT collection within the platform – with Robots existing within the ‘Taro Planet’, the virtual metaverse world of RobotEra.

Robots represent a player’s in-game avatar and has a limited supply of 10,000. On the Taro Planet, players can access 7 continents and purchase land on the various regions, build infrastructure and builds upon it to rebuild Taro.

Land is minted as an NFT via ERC-721 smart contracts and players can create new NFTs, build their own communities and mine their land to extract new resources.

There are numerous opportunities to earn income in the ecosystem, with players able to build and sell their NFTs, charge admission to events and concerts and sell billboard space to advertisers.

The TARO token can also be staked and has further utility by acting as voting rights in the RobotEra DAO.

The RobotEra smart contract code is fully audited by SharkTeam, and the project has been KYC verified by CoinSniper. 

Since the metaverse gaming space is expected to be one of the strongest assets to hold during a bear market, many are looking to purchase RobotEra’s native cryptocurrency on presale.

The RobotEra whitepaper states that TARO has a fixed token supply of 1.8 billion with 15% of the supply will be distributed through three presale stages. E

ach stage will allocate 90 million tokens – with the ongoing first round making TARO available for $0.02. The price of the token will rise to $0.032 by the final round – a 60% price jump.

RobotEra has set a hard cap presale target of $6.93 million. To stay updated with the project, interested readers can join the RobotEra Telegram group.

5. IMPT – New ERC-20 Token Offering Tokenized Carbon Credits

Created on the Ethereum network, IMPT is a blockchain-based project and an ERC-20 token. The main aim of IMPT is to provide a Carbon Offset program to reduce carbon emissions in the environment.

Environmentally conscious businesses and buyers can participate by accessing IMPT tokens and investors have flocked to the protocol, raising nearly $13 million since launch.

IMPT tokens can be bought directly or can be collected while shopping. IMPT offers a shopping platform where buyers can connect with over thousands of brands and retailers who are willing to set aside a percentage of their sales margin, with the likes of Samsung, Microsoft and LEGO already affiliate partners.

As the purchase is conducted, the sales margin is received in a buyer’s IMPT wallet as IMPT tokens.

Interested in learning how to invest in Carbon Credits? After gathering enough tokens, IMPT can be converted to purchase Carbon Credits – tokenized NFT assets which represent carbon emissions in the atmosphere.

It is now in the hands of the token holder to either trade this NFT or burn the Carbon Credits to remove the carbon emissions from the atmosphere.

According to the IMPT whitepaper, the project offers a social platform where individuals can track their own Carbon scores.

Each person is given impact points for making environmental-friendly decisions – such as receiving IMPT tokens or burning their Carbon Credits. As a reward for burning Carbon Credits, IMPT will also distribute special NFTs which can be traded on the marketplace.

The IMPT ERC-20 token has a max supply of 3 billion, with 1.8 billion (60%) available to buy during the presale, with no vesting period.

IMPT tokens can be purchased for $0.023 during the current presale round, but will increase to $0.028 in the final stage.

Learn more about the Carbon Offset Programe by joining the IMPT Telegram Channel.

6. Tamadoge (TAMA) – Top ERC20 Meme Cryptocurrency to Buy in 2023

Tamadoge is a brand-new ERC20 cryptocurrency that’s launched to huge hype earlier this year and secured nearly 2,000% gains for early investors.

Tamadoge (TAMA) is the native cryptocurrency of a play-to-earn crypto game of the same name, an ecosystem which also includes NFT ownership and, eventually, an augmented reality app.

In Tamadoge, players can spend TAMA to mint a virtual NFT pet. Each NFT pet starts out with unique stats and strengths, but the way that NFT owners nurture their pet to adulthood also affects how they turn out.

Once pets reach adulthood, players can battle them against one another. Winners climb the Tamadoge leaderboards and earn TAMA as a reward. They can then use that TAMA to buy more NFT pets or to purchase in-game upgrades, creating a circular economy within the game.

Importantly, TAMA is designed to be deflationary. 5% of every TAMA transaction for new NFTs or upgrades is burned. So, as more players join Tamadoge and mint NFT pets, the faster the supply of TAMA dwindles. For early investors, this is a major benefit because demand goes up while supply goes down, which can send the price of this emerging cryptocurrency soaring.

Another benefit to TAMA is that there is no transaction tax on the coin itself. So, investors won’t be penalized for making small transactions as they scale in or out of positions in TAMA. This isn’t the case for most other new cryptocurrencies.

TAMA has since retraced since its all-time high of $0.194 but now represents an excellent entry point for investors and remains one of the top meme coins on the market.

With the main game in development and slated for a 2023 release, TAMA is expected to pump when wider market conditions improve.

7. Lucky Block (LBLOCK) – Popular ERC20 Token Offering a Chance to Win Big

Lucky Block is an online competition platform built on the blockchain. The platform offers multiple competitions, including a daily giveaway in which one lucky player can earn a prize pool worth tens of thousands of dollars.

In order to enter these competitions, players need to hold an NFT that essentially serves as a ticket. Some NFTs, like Lucky Block’s Platinum Rollers Club NFT collection, have a limited number of editions to limit the number of participants in each giveaway. To purchase Lucky Block NFTs, players must use the platform’s native ERC20 token, LBLOCK.

What’s especially great about the LBLOCK token is that players don’t necessarily have to win the giveaway in order to make money from this ERC20 coin. A portion of each day’s prize pool is reserved as a reward for token holders. That means that everyone who holds Lucky Block tokens stands to earn.

Another thing we like about the LBLOCK token is that it supports charities. A portion of each day’s prize pool is donated to charity, and token holders get to vote on which charities they want to support. For crypto investors who also care about philanthropy, that’s a pretty unique idea.

While the value of Lucky Block competition prizes doesn’t change with the market, the value of the LBLOCK token does. Right now, the LBLOCK coin is near a 1-year low.

That means that investors can purchase LBLOCK at a relative discount and then purchase NFTs to enter competitions and start earning generous rewards.

They also stand to benefit from price appreciation as the price of LBLOCK rebounds in the future, while the 1% monthly token burn – which began in September – will drastically cut supply.

8. Chainlink (LINK) – Blockchain Oracle Providing Infrastructure for Ethereum

Chainlink plays a critical role in the Ethereum blockchain. It’s what’s known as a blockchain oracle, allowing data from outside the world of crypto to be appended to smart contracts. For example, if a smart contract depends on the score of a sports game or the value of the US dollar, Chainlink can provide that data to the smart contract.

That makes Chainlink a lot like infrastructure for the Ethereum blockchain. Think of it as piping. Within this piping, the water that flows through is not only data but also LINK. LINK is the payment required for many critical network operations, including receiving data. It’s also used to pay data providers to keep Chainlink running smoothly.

The supply of LINK is limited to 1 billion tokens and won’t increase. That means as the Chainlink network sees more use, demand for LINK goes up but supply remains the same. Investors who hold LINK could find themselves in a position where they command high prices for LINK they’re willing to inject into data pipelines.

Cryptoassets are a highly volatile unregulated investment product. 

9. Tether (USDT) – Leading Stablecoin Pegged to the US Dollar

Tether is the world’s largest stablecoin by market cap. It’s pegged to the US dollar and fully backed by reserves, making it much more resilient to market volatility than algorithmic stablecoins. While the price of Tether has fluctuated slightly from its peg, it is generally worth almost exactly $1 per coin.

There’s not much that’s exciting about USDT for investors. The whole point of this cryptocurrency is that 1 USDT will always be worth $1. In many ways, USDT has become the digital equivalent of cash in the ERC20 ecosystem.

However, since it’s digital cash, USDT can be used by investors like cash. In effect, investors can swap to USDT whenever they want to sit out volatility in the rest of the crypto market, but don’t want to go through the costly process of converting their crypto holdings to real US dollars.

Cryptoassets are a highly volatile unregulated investment product. 

10. ApeCoin (APE) – ERC20 Token for the Bored Ape Yacht Club Ecosystem

ApeCoin is a relatively new ERC20 token created by Yuga Labs, the company behind the Bored Ape Yacht Club and Mutant Ape Yacht Club NFT collections. While the ApeCoin token doesn’t directly provide governance over these projects, it does entitle the holder to a say in the future direction of the ape-themed community. That includes choosing the projects to prioritize, which could be interesting for investors with a long time horizon.

More immediately, APE is gaining attention as one of the best ERC20 tokens to buy in 2023 because of speculation around the release of the Otherside metaverse. This is a new metaverse project being developed by Yuga Labs. It’s widely expected that after Otherside is released, virtual land sales will be conducted in ApeCoin.

If that happens, there will be a rush by metaverse investors to invest in ApeCoin so they can buy land. The coin’s supply is permanently fixed at 1 billion tokens, so a spike in demand for ApeCoin could potentially send the price of this token soaring.

Cryptoassets are a highly volatile unregulated investment product. 

11. Decentraland (MANA) – One of the Best ERC20 Tokens for the Metaverse

Decentraland is one of the most popular metaverse platforms. It supports everything from play-to-earn crypto games like ICE poker to virtual concerts to digital advertising for blockchain-friendly brands.

Within the Decentraland metaverse, MANA is the center of the virtual economy. This ERC-20 cryptocurrency is used to pay for virtual land purchases, digital goods, and services.

Interestingly, MANA is a deflationary cryptocurrency. Every time land NFTs are auctioned off in Decentraland, MANA is burned in the process. As more and more people and brands flock to Decentraland, the supply of MANA will continue to drop. At the same time, demand for MANA should increase since there will be more users in the virtual world who want to purchase goods and services.

Many analysts think MANA is one of the best ERC20 tokens to invest in today. Interest in the metaverse is growing fast, and Decentraland has demonstrated that it can cater to an extremely wide audience of users.

Cryptoassets are a highly volatile unregulated investment product. 

12. Uniswap (UNI) – The Largest Decentralized Exchange on Ethereum

Uniswap is a decentralized crypto exchange – the largest such exchange running on the Ethereum blockchain. Since it runs on Ethereum, investors can use Uniswap to trade any ERC20 token as well as any other tokens that are compatible with the ERC20 standard.

UNI is the native ERC20 cryptocurrency of the Uniswap exchange. It’s primarily a governance token, giving users a say in how the Uniswap project develops moving forward. However, this DEX coin also earns rewards for token holders based on the exchange fees charged by Uniswap. The more people who use Uniswap, the more valuable the UNI token.

Importantly for investors, Uniswap could benefit in the long run from the downturn in the crypto market in 2022. Uniswap’s decentralized nature doesn’t require investors to give up the private keys to their funds when making an exchange. This is critical for financial security – the havoc around the market crash in 2022 demonstrated that investors who give up their private keys stand to lose their funds when things go wrong.

So, Uniswap may look pretty attractive when the crypto market rebounds – and that’s a good thing for UNI token holders.

Cryptoassets are a highly volatile unregulated investment product. 

13. Ethereum (ETH) – The Cryptocurrency That Started It All

Ethereum is the cryptocurrency that arguably enabled all of the other ERC20 tokens on this list to flourish. Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, on which all ERC20 coins are built.

ETH isn’t as volatile as some of the other cryptocurrencies on this list thanks to its enormous $28.8 billion market cap. That can be a good thing for investors at times when they want to shed risk. ETH is still a bellwether in the crypto market, but it doesn’t swing quite as wildly as many smaller ERC20 cryptocurrencies.

Another reason investors should consider ETH right now is that the Ethereum blockchain is expected to finally make the long-awaited switch to proof-of-stake. This switch, known as ‘The Merge,’ will make it harder for new Ethereum to be minted and will allow crypto staking for Ethereum. That puts a damper on supply and could potentially increase the value of ETH.

Cryptoassets are a highly volatile unregulated investment product. 

14. Maker (MKR) – Leading DeFi Coin for Decentralized Borrowing and Lending

Maker (MKR) is the governance and utility token of the MakerDAO. MakerDAO is all about borrowing and lending without the need for traditional middlemen like banks. MakerDAO uses smart contracts built on the Ethereum blockchain to facilitate loans and govern all the details of a loan’s mechanics, such as repayment terms, interest rates, and margin calls.

Part of what’s exciting about MakerDAO is that loans can be distributed in DAI, a stablecoin that’s also built on the ERC20 standard. By issuing loans in DAI, MakerDAO loans are somewhat insulated from volatility in the crypto market.

The MKR token is designed to balance the supply of DAI. When there’s too little DAI and its price goes up, MKR is destroyed to create new DAI. So, the more people that use MakerDAO for decentralized lending, the greater the need for new DAI – and the lower the supply of MKR.

In effect, the value of MKR is directly tied to the popularity and success of MakerDAO as a lending platform.

Cryptoassets are a highly volatile unregulated investment product. 

What is an ERC20 Token?

ERC20 is a set of technical standards used for creating tokens on the Ethereum blockchain. So, an ERC20 token is any token created using the ERC20 standards.

The ERC20 standard allows different tokens to be exchanged using the Ethereum blockchain. Investors can exchange Uniswap for Tamadoge or ApeCoin for Lucky Block since they all use the ERC20 standard.

The ERC20 standard was first established in 2015. At the time, hundreds of new coins were being created to take advantage of smart contracts introduced by the Ethereum blockchain. Investors and developers needed an easy way to exchange between all these different coins, or else all the different projects being created on the Ethereum blockchain would exist in their own silos.

The ERC20 standard enabled creators to agree on a basic set of technical specifications. All of the new coins created using this standard would be interchangeable with one another, while still retaining their specific and independent uses. ERC20 was formally adopted by the Ethereum community in 2017. Virtually all smart contract tokens created on the Ethereum blockchain since that time conform to the ERC20 standard.

Why Invest in ERC20 Coins?

Investors have a lot of options beyond ERC20 tokens when it comes to investing in cryptocurrency. So why should they invest in ERC20 tokens?

The main reason to invest in the best ERC20 coins is that they’re interchangeable with any other ERC20 token. That makes it incredibly simple to move in and out of positions or to take advantage of new investment opportunities on the Ethereum blockchain.

Let’s say an investor buys Ethereum and holds it for a while. Eventually, another investment opportunity, like Tamadoge, comes along. Since both Ethereum and Tamadoge are ERC20 tokens, that means an investor can quickly, easily, and cheaply swap their Ethereum for Tamadoge. All of a sudden, they’re invested in an exciting new crypto project.

The same simplicity applies if investors want to increase or decrease their risk. When investors are excited to take on risk, they can quickly swap a stablecoin like Tether for one of the best ERC20 crypto tokens that offer yield farming or a chance to invest in a new metaverse project. When investors want to decrease their exposure to new crypto projects, they can simply swap back to Tether or Ethereum.

Importantly, ERC20 tokens are so popular that the coin standards used on other major blockchains are also compatible with them. For example, the BEP20 standard used on the Binance Smart Chain is compatible with the ERC20 standard on the Ethereum blockchain. This enables investors to swap between any ERC20 token and BEP20 tokens like BNB, Pancakeswap, and Binance USD.

How to Buy ERC20 Crypto

Ready to buy the best ERC20 cryptocurrency for 2023? We’ll walk investors through the steps to purchase Love Hate Inu, which is currently available through a limited-time crypto presale.

• Step 1 – Download a Crypto Wallet: Investors can access the Love Hate Inu presale by downloading a compatible crypto wallet. For instance, Trust Wallet and MetaMask are popular cryptocurrency wallets which can be downloaded to access the presale.
• Step 2 – Buy ETH/USDT: LHINU can be purchased with three tokens – ETH, USDT, or BNB. Purchase these tokens from a crypto exchange and transfer them back to the crypto wallet.
• Step 3 – Connect the Wallet to the Presale: After buying the assets and transferring them to your crypto wallets, head over to the Love Hate Inu website. Now, click on ‘Connect Wallet’ and follow the instructions that appear on the screen.
• Step 4 – Buy FGHT Tokens: Investors can select which tokens they hold in their wallets to fund the purchase. Afterwards, enter the number of tokens to be purchased and confirm the transaction. Tokens can be claimed after the presale concludes.

Cryptoassets are a highly volatile unregulated investment product.

Conclusion

ERC20 tokens can be easily interchanged for any other ERC20 token, making them ideal for investors who are always on the lookout for the next big crypto project.

We think Love Hate Inu is the best ERC20 token to buy in 2023. The best part about this platform is that it enables users to earn more ERC-20 tokens by taking part in polls related to trending topics.

The token presale kicked off in March 2023 and features eight total stages – meaning investors are incentivized to buy tokens as early as possible to lock in a low entry price.

Love Hate Inu - Next Big Meme Coin

Our Rating

• First Web3 Vote to Earn Platform
• Vote on Current Topics and Earn $LHINU Tokens
• Secure, Reliable and Anonymous Voting
• Rug Pull Proof - 90% of Tokens Available in Presale
• Accumulate Voting Power by Staking $LHINU Tokens

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FAQs

What are the best ERC20 tokens?

We think that Love Hate Inu (LHINU), FightOut (FGHT) and RobotEra (TARO) are the best ERC20 tokens to buy in 2023. All of these tokens have exciting use cases and rapidly-growing communities, which could lead to huge price momentum in the future.

Are ERC20 tokens valuable?

ERC20 tokens can be valuable. Many ERC20 tokens have seen their prices appreciate since the coins first launched, especially as the popularity of the Ethereum blockchain has grown. Carefully consider what utility an ERC20 token provides when comparing coins.

What coins are ERC20 tokens?

Many of the most popular cryptocurrencies in 2023 are ERC20 tokens. An ERC20 token is any coin that complies with the ERC20 standard on the Ethereum blockchain. Examples of ERC20 tokens include TARO, Ethereum, Tether, D2T, Chainlink, Tamadoge, Uniswap, and Lucky Block.

Should I invest in ERC20 crypto?

Investing in the best ERC20 cryptocurrency coins is a way to get exposure to exciting new crypto projects. Importantly, investments in any ERC20 token can be quickly swapped for any other ERC20 token, giving investors a lot of flexibility as market conditions change.

  This article was written for Business 2 Community by Michael Graw.
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Author: Michael Graw

Michael Graw is an experienced freelance writer based in Bellingham, Washington who covers finance, trading, and technology. His work has been published on a variety high-profile websites that cover the intersection of markets, global news, and emerging tech, such as TechRadar, Tom’s Guide, StockApps, Buyshares, and LearnBonds.…

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