Best Utility Tokens to Buy in 2023 – Top Utility Tokens Revealed

Looking for the best utility tokens to buy? This type of crypto is hugely popular as an investment. Buying a utility token is the closest thing you can get to investing directly into a crypto success story.

Below we review 18 of the most promising examples in this field, as well as consider the best place to invest in utility tokens generally.

A Closer Look at the Best Utility Tokens to Buy

With so many options out there, choosing the best utility tokens to invest in can be a challenge. So, to make things easier we’ve picked out the top 18 utility tokens that have strong momentum as we move further into 2023.

1. Love Hate Inu (LHINU) – Overall Best Utility Token with Unique ‘Vote-to-Earn’ (V2E) Setup

Topping our list of the best utility tokens to buy is Love Hate Inu. Love Hate Inu is a first-of-its-kind ‘Vote-to-Earn’ (V2E) crypto hosted on the Ethereum blockchain. Through this platform, users can participate in polls based on trending topics – and earn rewards for doing so.

These rewards will be paid out in LHINU, Love Hate Inu’s native ERC-20 token. As per the whitepaper, earning LHINU is simple for users, as they only have to decide whether they ‘Love’ or ‘Hate’ an event or person. The more polls a user enters, the more LHINU they’ll earn – with no cap on earnings potential.

However, users must buy and stake LHINU for at least 30 days before participating in polls. Not only does this mean users are invested in the results, but it also means that bot/scam accounts are removed. In turn, poll results are much more accurate – providing a ‘true’ gauge of the community’s sentiment.

The potential applications for LHINU are endless. One of the most exciting plans laid out in the project’s roadmap is sponsored polls, which will be offered by well-known brands. By taking part in these polls, users will be given a chance to win exclusive prizes, like merchandise and NFT discounts.

Although the project is in its development phase, early investors can buy Love Hate Inu tokens through the presale. The presale will have eight stages and a total allocation of 90 billion LHINU – 90% of the total supply. Through this presale, Love Hate Inu’s team has raised over $1.5m in under three weeks, highlighting the massive buzz around its prospects.

Those looking to learn more can join the official Telegram channel.

2. Fight Out – Unique Utility Token Offering a New-age App for Gamifying Fitness and Lifestyle

In the Move-to-Earn industry, Fight Out is a modern fitness app and a gym chain. The platform seeks to gamify fitness and lifestyle by rewarding users to complete workouts and promote healthy living.

By leveraging blockchain technology effectively, Fight Out enables users to create their unique NFT avatars.

Given the increased traction that the project has been witnessing along with its cutting-edge features, Fight Out could be one of the best crypto presales to invest in. Currently, its native $FGHT token can be bought at a discounted price of $0.02368 as the presale stages have just commenced. Investors should consider buying them soon before the price rise in the future stages.

The infusion of a state-of-the-art fitness app with Move-to-Earn rewards has created a perfect recipe to redefine the web 3.0 M2E industry. Fight Out rewards its users for completing workouts and challenges.

The users are incentivized for their fitness movements in the form of an in-app currency called ‘REPS.’ Users have a choice to redeem these REPS in the platform’s in-app store for cosmetic NFTs, membership discounts, merchandise, and so on.

Fight Out allows its users to mint their own soulbound NFT avatars on the platform’s leading-edge metaverse. As the users continue to advance in their fitness journey, their real-life fitness progress will also reflect on the avatars.

In addition to this, users can also enter the Fight Out metaverse and interact with and compete against other members of the platform’s community. So far, Fight Out has raised $4.48 million through the ongoing presale. After the presale ends, $FGHT will be listed at a price of$0.0333 on April 5th, 2023.

To gain a deeper understanding of the project’s numerous features, investors can refer to the project’s whitepaper and join the Telegram group.

3. C+Charge (CCHG) – Emerging Utility Token Offering Carbon Credits for Charging EVs

In its quest to provide real-life utility, C+Charge seeks to redefine the EV charging ecosystem that rewards carbon credits to EV drivers for charging their vehicles.

The project’s presale stage is already live and has raised over $1.2 million USDT. Currently on stage 3 of the presale, $CCHG is priced at $0.016 per token. By the final round, the price will rise to $0.0235. Buyers should consider buying the C+Charge tokens before the price increases in the coming presale stages.

The project has set the stage for EV owners to earn carbon credits while they charge their EVs. EV drivers just need to use the $CCHG tokens to pay for charging their EVs and earn the carbon credits.

Users can also conveniently keep these carbon credits and the $CCHG tokens in their crypto wallets. The platform has built an app for EV owners that allows them to check their real-time carbon credit balances. EV drivers also can get real-time information relating to pricing, waiting times at charging stations, and so on.

Additionally, users have the option to access the platform’s geolocation feature and search for the nearest charging station at their fingertips. buyers can check C+charge’s whitepaper to get an in-depth understanding of the project’s features.

 Users can also consider entering the project’s Telegram channel to stay updated.

4. Metropoly – Crypto Token with Excellent Utility in Global Real Estate

One of the key reasons that contributed to the slowdown of the crypto market in 2022 was the lack of projects with real-world utility. While trading, gaming, and DeFi utilities do sound fun, they are not enough to take the market to the masses. That requires more tangible use cases.

And that explains the grand reception of Metropoly. The project has caught the attention of a global community outside the crypto market, thanks to its first-of-its-kind NFT marketplace in the making. The platform simplifies and decentralizes the real estate market using blockchain technology.

How? It converts real-world real estate properties into NFTs and makes them available to retail investors for as low as $100. Despite being an excellent hedge against inflation, real estate is not accessible to most people. Metropoly lowers the financial barriers to the platform and allows investors to do away with the hassles of paperwork, maintenance, and finding tenants. The Metropoly Marketplace Beta is now live.

Metropoly assets generate regular rental income and long-term value for owners, just like traditional real estate investments. You can now get an early and cheap entry to the project via the ongoing METRO presale. METRO is the native cryptocurrency of the project. Investors are piling in on the presale to take advantage of the early-stage discounts. The predicted price increase of up to 300% profit on launch has also expedited the sale. (Use the bonus code Launch20 to get an additional 20% on your purchase.)

There are more factors that strengthen the credibility of the project and the presale:

• Metropoly has partnered with ChainAdoption, which has worked with successful projects like Polkadot, Tron, and EOS.
• Metropoly has partnered with Tenset, which incubated Metahero and Everdome Coin. Interestingly, These coins have a history of generating more than 20x returns for early investors upon their launch.
• The Metropoly smart contract is audited by the leading blockchain security company Certik.

Another key factor that has added to the hype around the project is the ongoing Metropoly giveaway, with a Burj Khalifa apartment worth $1M up for grabs. The winner can earn up to $100k as rent yearly from the property. Entry is open to people who complete the listed tasks of the contest and hold at least METRO worth $100 at the time of the draw.

5. RobotEra (TARO) – Metaverse-Gaming Utility Token with New Presale Launched This Month

An upcoming metaverse project, RobotEra leveraged the TARO token to allow players to engage in its game-changing virtual ecosystem and earn rewards in a variety of ways.

From virtual real-estate creation to accessing voting rights to maintain the platform, TARO offers multiple use cases on RobotEra – moreover, its token presale has only just launched in November 2022, with investors able to buy TARO at just $0.02.

It's Time for #RobotEraFacts: The Land

Robotera has 7 continents, all made up of different Lands
Each Land is a unique NFT
Holding a Robot NFT will give you a chance to mint Land

Do you want to find out more? Check out our website –https://t.co/j00fw5uOWT pic.twitter.com/SWuuSYkD1F

— RobotEra (@robotera_io) November 9, 2022

RobotEra offers a virtual world known as the ‘Taro Planet’ – where all members exist as robots. Players can join the ecosystem by purchasing a robot NFT – which is a limited edition set of 10,000 unique pieces.

After creating their own Robot NFT, players can buy NFT plots of metaverse land to build and cultivate anything from amusement parks and museums to swimming pools and houses.

Controlling the economy of this virtual world is TARO – which supports transactions of all NFTs on RobotEra’s marketplace.

Players can earn TARO by taking part in various quests, stake the token to earn APY (Annual Percentage Yield) and even lock up the token to join a decentralized autonomous organization. This organization allows token holders to vote on upcoming features in the ecosystem – offering a truly decentralized way of community creation.

Players can also mine materials, build factories and produce Robot companions – which are NFT avatars that support your Robots on the Taro Planet.

The robot companions can be upgraded and customized and kept or sold on the open market.

The metaverse land will allow players to build museums, concert halls and more, with 3D scenes, sound and physics included – players can charge admission for tickets or sell billboard space to advertisers.

RobotEra’s founders – who are doxxed and KYC-verified – expect new utility to emerge over time with no prior coding experience needed and few limitations on what players can build in the metaverse.

To access all of these use cases, interested readers can buy TARO on presale now.

TARO has a total supply of 1.8 billion tokens – 270 million (15%) of which are being equally divided through three presale rounds with no vesting period.

The token is currently priced at $0.02 during the ongoing first round but will increase by 60% to $0.032 by the final round.

To learn more about this gaming project, read the RobotEra whitepaper and join the Telegram Channel.

6. Swords of Blood – A P2E Game With Utility through Robust Gameplay Mechanics

Undoubtedly, the gaming market in the crypto space is thriving with a plethora of fascinating games that leverage the potential of crypto-based systems. Top-notch developers understand that the key to success is to merge these systems with a captivating storyline.

Swords of Blood is a standout game in the crypto gaming market due to its compelling narrative that distinguishes it from other games in its genre. The game is set in the fallen world of Ezura, where players assume different roles, such as battle-mage or warrior, to embark on quests with excellently written storylines and earn the best loot.

If you’re familiar with hack n’ slash games with a focus on loot mechanics, Swords of Blood will be very intuitive. You’ll be able to collect powerful armor and weapons, forge immensely strong weapons, and craft items to create overpowered characters that suit your particular playstyle.

Swords of Blood is a free-to-play game that will be available on both PC and mobile systems with support for cross-play. The development team’s primary focus is on creating an enjoyable game, with monetization being a secondary concern.

For players who prefer competitive gameplay, Swords of Blood also offers PvP mode. It will be exciting for them to strategize and test their strongest builds against other players.

The leadership of Swords of Blood comprises experienced industry professionals, with James Seaman serving as CEO, Jeremy Brown as COO, and Mariusz Szynalik as Game Development Director. Together, they have contributed to some of the most prominent video game franchises and brands, such as Xbox, PlayStation, Ubisoft, Halo, Call of Duty, Assassin’s Creed, The Sims, and Sim City.

The initiative has garnered significant support from major backers, such as Master Ventures, Shugo Ventures, Magnus Capital, Metavest, Fundamental Labs, and Krypital Group, among others.

SWDTKN is the token that will fuel Swords of Blood, and the project is planning to conduct a presale in March 2023, with the dates for it set to be announced in the near future.

Early adopters and investors of SWDTKN will receive other benefits such as exclusive access to the game’s closed beta, automatic whitelisting to Swords of Blood NFT sales, phygital giveaways, and more.

All in all, Swords of Bloods looks like it could be a surefire-hit gaming project that takes the world by storm!

7. Securedverse – Web3.0 Game Ready to Revolutionize the Industry 

There are many blockchain games in the market. But most have failed to attract the mainstream gaming community, despite their decent earning potential. The poorly-designed gameplay is to blame. In the rush to launch the tokens and secure funds, most projects pay little attention to the game. The trend is detrimental to the growth of the industry since gameplay and gamers are at the heart of a game – not investments, not investors.

Securedverse aims to change the situation by building a game that is on par with the world’s biggest games. Its key offering is a secure, fun, and rewarding gaming experience for players. The immersive graphics, sound effects, and user interface will set it apart in the crowded blockchain gaming arena. Interestingly, the game is ready for release and will be launched after the presale.

In the first-person shooter gaming ecosystem, you can earn crypto by playing, staking, and participating in other in-game activities. The low entry barrier to the game further strengthens its user acquisition rate. Securedverse has four unique heroes, with unique skills and abilities. Once you have chosen your hero, you can join exciting battles in different game modes and maps.

In the coming quarters, Securedverse will add new heroes, maps, and game modes to the ecosystem. It will open attractive staking and special events. And, it will launch a virtual reality version of the game that will take the gaming experience to the next level.

The cheapest gateway to Securedverse is the SVC presale. SVC is the native cryptocurrency of the ecosystem that facilitates a wide range of in-game transactions and activities in the ecosystem:

• Earn SVC coins by participating in the leaderboard competitions.
• Earn SVC coins in different game modes after the pre-alpha phase.
• Stake SVC to earn attractive interest rates.

Presale investors will get the token for heavily discounted prices. More importantly, it won’t have a vesting or locking period.

The excellent track record of the team behind the project underscores its credibility. Their experience in the gaming and crypto industries will help the project take its course as laid out in the roadmap.

8. Meta Masters Guild (MEMAG) – Top Utility Token Rewarding Players with Exciting P2E Rewards

The Meta Masters Guild (MMG) is a revolutionary platform pushing the boundaries of web 3.0 gaming. By participating in MMG’s games, users can earn real-life money.

The Meta Masters Guild aims to build a fully engaging gaming experience for its players. To achieve this goal, they have devised a unique system that allows players to earn ‘Gems.’ This in-game currency can be converted into the project’s native tokens. Users can then invest in the game’s ecosystem or withdraw these tokens as real-life money.

According to the Meta Masters Guild litepaper, this project will allow players to earn rewards by joining three mobile-focused gaming environments. The first is a race-to-earn game called ‘Meta Kart Racers,’ which is being developed by GameAround, a top Web3 developer. This game is expected to be launched by the end of 2023. 

The next project is ‘NFT Raid’, an NFT fantasy fighting game. The final project is Meta Masters World, which will be the metaverse ecosystem of this project. On Meta Masters World, players can enter an open-world environment by customizing their unique NFT avatars.

The metaverse will also feature a tradable NFT marketplace. Recently, Meta Masters Guld completed the $MEMAG presale, raising $4.97 million. After the successful presale, Meta Masters Guild will aim to get the token listed on some of the top cryptocurrency exchanges. Users can join the project’s Telegram group to stay updated on the latest updates.

9. Tamadoge (TAMA) – New Meme Coin with Utility that is Pumping after IEO

Our next pick for the best utility tokens is Tamadoge (TAMA), a new coin created as part of its namesake play-to-earn crypto game. In the Tamadoge game, players can mint a unique virtual pet NFT and then nurture it as it grows to adulthood. Along the way, the choices players make will impact how their pet turns out.

Once the pet reaches adulthood, players can battle it against other players’ pets. Battle winners are rewarded with TAMA coin, which can be used to mint more NFT pets or to purchase upgrades and accessories from the in-game marketplace.

TAMA coin is somewhat unique among utility coins in that there’s no tax to buy or sell it. Instead, the Tamadoge project only makes money when players spend TAMA at the in-game marketplace. This means that there’s no penalty for buying and selling small amounts of TAMA or barriers to entry into this token’s ecosystem.

In addition, TAMA is deflationary. The coin starts with a capped supply of 2 billion tokens and 5% of every in-game transaction is burned. So, the supply of TAMA decreases over time – and it decreases more quickly the more popular the Tamadoge game becomes. That represents a potential benefit for early investors.

TAMA launched to massive hype in September and pumped to an all-time high of$0.194 – nearly 2,000% above its presale price.

The Tamadoge NFTs also became the top trending collection on OpenSea when they launched, showing the huge appetite for the game – which is expected to release in 2023.

Although the token has since retraced, and is now trading at around $0.03, it now represents an excellent entry point for a project that still has huge potential when the wider market improves.

10. Battle Infinity – Utility Token for a Hot New Play-to-Earn Crypto Gaming Ecosystem

For investors to potentially find top cryptocurrencies to invest in, users may want to analyze the digital assets that offer a variety of use cases to the platform. Therefore, we recommend Battle Infinity crypto as one of the best utility tokens to buy in 2023. Firstly, Battle Infinity is a decentralised platform that combines Play-to-Earn (pP2E) gaming with the metaverse world.

Battle Infinity has utilized blockchain technology to provide users and creators with the Battle Arena – a metaverse world where people can participate in various Web 3.0 activities and stand a chance to earn crypto rewards. At the centre of the Battle Infinity ecosystem is IBAT – the utility token of this blockchain network. IBAT has been built on the Binance Smart Chain (BSC) and operates as BEP-20 protocol.

Battle Infinity offers 6 P2E games, all of which use IBAT tokens as a source of monetary rewards, utility and participation measures. For example, users can participate in the IBAT Premier League – a decentralized NFT-based sports fantasy league by purchasing NFT passes with IBAT.

Users must stake IBAT tokens to take part in the games, which actually helps the platform gain liquidity. Portions of staked IBAT funds are deposited in a global liquidity pool – which can be used to swap tokens, distribute rewards and be used as a method to maintain the network.

Furthermore, IBAT Market is a decentralised exchange that functions as a bank on Battle Infinity. Users can deposit their crypto holdings in ETH, BNB, etc. and swap them to gain IBAT tokens to participate in P2E features.  Since the Battle Infinity network is growing, there is a potential for the IBAT token to grow with an increasing number of creators and users.

The roadmap of Battle Infinity highlights crucial growth opportunities – such as DEX launches, mainnet deployment and celebrity marketing.

The token presale sold out in just 24 days before listings on PancakeSwap and LBank saw the coin pump – with more listings on the way, and a market cap of $40 million, IBAT is expected to reach new heights. Investors an learn more about these features and the latest updates via the Battle Infinity Telegram Group.

11. Lucky Block (LBLOCK) – Top Utility Token in 2023

Lucky Block is another utility crypto that should interest investors. Not only does LBLOCK offer strong investment potential through its business model of a blockchain-based platform, but it also offers token owners an income through regular yields and the best crypto giveaways.

Initially offered on the Binance Smart Chain, each LBLOCK utility token gives the owner a regular chance to win a prize with the Lucky Block platform. What’s more, LBLOCK owners receive a small dividend from every prize draw.

LBLOCK had a hugely successful presale, with 11,200 BNB raised. The coin experienced massive growth in the early months of the year but suffered with the wider bear market. For more info on the best cryptos to buy during bear markets read our article now.

Lucky Block offers market leading competitions and prizes, with a $300,000 Lamborghini and $1 million of Bitcoin just two of the rewards on offer.

The Lucky Block developers have now launched a V2 coin that negates the 12% transaction fee of the V1 coin and makes for easier listings on centralized exchanges – holders of the V1 coin can convert to V2 when a bridge goes live on October 3.

LBLOCK V2 is already listed on MEXC, LBank and Gate.io, with listings on bigger exchanges expected to be announced soon. Project CEO Scott Ryder also announced that from September 30 there will be a 1% monthly burn to reduce supply of the token.

12. ApeCoin (APE) – Hot New NFT token

Of the emerging breed of best utility tokens for NFTs, Apecoin offers strong investment potential. APE is the governance token for the market-leading Bored Ape Yacht Club NFT ecosystem.

Owning APE allows the owner to take part in decision-making about how the APE NFT system is run. But most holders buy APE for its investment potential.

NFTs (Non-Fungible Tokens) are digital assets that are traded for profit — and Bored Ape’s collection of 9,999 NFTs has cornered the market, notching up a trading volume of almost $19m in the last week. The average price of a Bored Ape NFT is $394k.

ApeCoin stands to benefit from good tokenomics. There is a limited supply of 1 billion APE tokens. Each owner of a Bored Ape NFT was given just over 10,000 APE when this utility token came to market in March 2022.

After an initial surge to just under $18, the price of APE has, since the beginning of April, created a shallow ‘teacup bottom’ between $10 and $12; in technical charting, this pattern is considered a positive ‘BUY’ sign.

Crypto assets are a highly volatile unregulated investment product.

13. Binance Coin (BNB) – In-House Token for the Giant Binance Crypto Exchange

Binance Coin (BNB) is the utility token for Binance, the largest crypto exchange in the world. Owners of Binance Coin can get a 25% trading discount when trading on Binance’s crypto market, as well as discounts on crypto staking.

With 80m users and 600+ crypto on sale, Binance compares well against top broker eToro as a great place to track down the most undervalued crypto. Having some BNB makes trading on the exchange smoother. But many investors simply buy BNB as an investment. In fact, Binance Coin has over a million followers with eToro.

BNB Coin is based on the Binance Smart Chain (BSC) blockchain. This offers far cheaper gas fees than the congested Ethereum blockchain. Many of the new utility tokens like Lucky Block have opted to launch on BSC.

Currently the BNB price on eToro is $408. Note, from the price chart above, the strong diagonal upwards direction of travel since March 2021. As a strong utility token, BNB is tipped for greater things over the long-term.

Crypto assets are a highly volatile unregulated investment product.

14. Axie Infinity (AXS) – Key Token in the Play-to-Earn Blockchain Gaming Sector

AXS is the in-house crypto for the hugely-popular Axie Infinity blockchain game. This P2E (play-to-earn) game centres around the breeding and training of virtual monsters. These NFT avatars fight to earn rewards, which are paid in AXS. AXS can be used by players to improve their monsters, or exchanged for real money with crypto exchanges.

The price of AXS took a tumble in late March 2022 after hackers stole a whopping $622m of Ethereum and USD Coin from the Ronin Network blockchain that runs the Axie Infinity Game. This wiped out the 35% price gain that AXS had made over just the first three weeks of March. Confidence in AXS has been dented, but this dent has been priced in. Perhaps now is the time to buy whilst AXS is artificially-low in price?

Let us not underestimate the enduring appeal of the Axie Infinity game, it is still one of the best utility tokens around.

You can see that over 100,000 Axie players are online right now contesting for AXS. At the height of its popularity in 2021, Axie’s collection of NFT monsters was the most valuable NFT collection in the world.

Crypto assets are a highly volatile unregulated investment product.

15. Curve (CRV) – Utility Token for the Biggest Ethereum-based DEX

With over 150,000 followers on leading broker eToro, Curve is undoubtedly one of the stronger crypto utility tokens.

Curve is part of the $120bn DeFi sector. Specifically CRV is the governance token for Curve, the biggest Ethereum-based Decentralised Exchange (DEX). You can buy Curve and have a say in how Curve is run.

Curve centres on liquidity farming. Users borrow and lend stablecoins in what are known as liquidity pools. Curve stands out from the competition in this area (like Uniswap and Sushiswap) in two ways:

1. By acting as a decentralised exchange for stablecoins only.
2. By offering a proprietary algorithm (created by Russian scientist Michael Egorov) that minimises slippage and impermanent loss — key issues with Automated Market Maker systems.

Curve boasts a market capitalisation of $1.0bn. Approximately $150m CRV is traded every day. Impressively, Curve’s Total Value Locked (ie. how many assets are currently invested in the system) stands at $20bn.

Crypto assets are a highly volatile unregulated investment product.

16. Decentraland (MANA) – In-House Crypto for the Decentraland Metaverse

MANA is the native token for the Decentraland metaverse and one of the best utility tokens around. This is the 33rd-biggest crypto, with a market capitalisation of over $4bn.

Decentraland was one of the first metaverses. It offers a 3D world where users can buy virtual plots of land and monetise them by hosting shops, exhibitions, and interactive events.

With the the MANA utility token, you can buy anything from avatars to tag names on the Decentraland marketplace. Critically, to buy a plot of land on Decentraland, you need to use LAND tokens and, to get your hands on LAND, you need to burn MANA.

MANA also acts as the governance token for the Decentraland DAO (Decentralised Autonomous Organisation): owners can vote on the type of content that is allowed in the metaverse, and how auctions are run.

So MANA is very useful for Decentraland users. But how is it as an investment?

As a key established metaverse (alongside competitor SAND), we expect the price of MANA to show growth in the future.

Crypto assets are a highly volatile unregulated investment product.

17. Chiliz (CHZ) – Token for Buying Sports Club Tokens

CHZ is certainly one of the best utility tokens to buy. Why? Because it is linked to a pioneering business that is reeling in big clients in the real world.

CHZ is the utility token for the company Chiliz. Chiliz provides the blockchain Know-How for sports clubs to mint their own fan utility tokens. Fan tokens act as governance tokens, and allow fans to have a say in the running of their favourite club.

Chiliz has an impressive client list spanning nine major sporting organisations, including the UFC and key soccer clubs like Manchester City, River Plate and FC Roma.

The genius of the Chiliz business plan is that, to buy tokens for their favourite club, fans must own CHZ first. This establishes a permanent demand for the CHZ utility token.

Thus, at a price of $0.24, CHZ is one of the most undervalued crypto, despite having rallied intermittently since the end of January 2022.  The company has first-mover advantage in the massively-lucrative sports sector, and we expect this fundamental strength to be reflected in its price in the future.

As with all utility tokens reviewed here, you can buy Chiliz with top broker eToro, where CHZ has 149,000 followers.

Crypto assets are a highly volatile unregulated investment product.

18. Yearn Finance (YFI) – Top DeFi Token Bringing DeFi to Ordinary Investors

YFI acts as the utility token for Yearn Finance. Like Curve, Yearn Finance is involved in liquidity pools. But whereas Curve specialises in stablecoin liquidity pools, Yearn acts as a gateway for a whole range of financial products offered by other providers (including Aave, Balancer and Curve), centering on crypto staking.

Yearn aims to make the massive financial opportunities of DeFi simple for everybody. With the Total Value Locked (TVL) of the DeFi sector having increased by 80 times in the last two years, Yearn has picked a booming sector in which to act as the front door to newcomers.

Yearn has been quite the success story. Launched in 2020 by a sole developer Andre Cronje, YFI has gone on to a market capitalisation of $700m with over $2.5bn of assets locked into the Yearn system. Right now the price is $19,052. Apart from in late March 2022, the price has not been this cheap since November 2020.

Crypto assets are a highly volatile unregulated investment product.

What is the Best Utility Token to Buy in 2023?

From the list of utility tokens above, one stands out. That is Love Hate Inu, a new crypto vote-to-earn project. The sections below show investors how to begin investing in LHINU:

How to Buy Love Hate Inu – Full Guide

Step 1: Get a Crypto Wallet

The first step is ensuring you have a compatible crypto wallet, such as MetaMask or TrustWallet. You can download and install these wallets by visiting their official websites.

Step 2: Link Your Wallet

After downloading the wallet of your choice, set up a new account. Then, head to the $LHINU presale page and click on the “Connect Wallet” button. After connecting your wallet, you’ll have the option to choose between MetaMask or TrustWallet. From there, you’ll be able to explore different purchasing options for $LHINU.

Step 3: Add Funds to Your Wallet

Before completing your purchase, make sure your wallet has enough balance. The presale page will offer multiple funding options for you to choose from.

You will need to add ETH/ USDT to your wallet. You can buy ETH or USDT from different crypto exchanges and transfer it to your wallet.

Step 4: Buy $LHINU

Once your wallet is funded, you can click on “Buy $LHINU with ETH/USDT” and enter the amount of tokens you wish to acquire in exchange for ETH/USDT.

Step 5: Claim Your Tokens

After reviewing the gas fees, authorize the transaction. You will be able to claim your tokens once the presale ends from the platform’s official claim page.

Cryptoassets are a highly volatile unregulated investment product.

What are Utility Tokens?

In deciding which are the best utility tokens to buy, it is worth clarifying a few definitions:

Coins vs Tokens?

Crypto coins generally have their own blockchain. Bitcoin is a key example of a crypto coin. Crypto tokens, on the other hand, are often tokens of another blockchain. Many crypto tokens are actually ERC-20 tokens based on the Ethereum blockchain, for example. The popular Lucky Block utility token is based on the Binance Smart Chain blockchain.

Utility Tokens vs Security Tokens?

If you own a security token, you own a share of the security which is tokenised. That security could be a piece of real estate or a company. If you own a utility token, on the other hand, you do not own part of a security, but have privileges within a crypto ecosystem.

Governance Token vs. Utility Token?

Governance tokens play a key role in many crypto ecosystems. Governance tokens allow owners to participate in decision-making. Because this means a governance token entitles the owner to a service, this means that all governance tokens can be classed as utility tokens.

Luckily, we investors do not need to understand the precise distinctions between different types of crypto. Our job is to pick the ones that are a good investment!

Are Utility Tokens a Good Investment?

Whether a utility token is a good investment or not depends on your personal appetite for risk. All crypto are inherently high-risk investments. This means the potential gains are high — but so are the potential losses. Most investors do not want to risk losing all their money. So it is sensible to have only a small part of your portfolio held in crypto.

Naturally, some types of crypto are more risky than others. Meme coins, for example, are extremely high-risk compared to utility tokens. This means they can reap incredible rewards – like Shiba Inu did in 2021, for example – but can also crash in value.

The difference between meme coins and utility tokens is that meme coins are usually introduced as a joke coin, with no inherent use other than as a store of value. Although, strictly speaking, some meme coins can be considered utility tokens, utility tokens generally confer the right to receive a certain service.

Amongst the best utility tokens to buy, LBLOCK, for example, automatically enters the owner into regular online lotteries. Owners of Chiliz Coin (CHZ) can use their CHZ to buy the fan tokens for their favourite sports club. Owners of BNB Coin can use their BNB to access cheaper trading fees on the Binance exchange.

Utility Token Price

Three main factors influence the price of utility tokens:

1. Fundamentals

All utility tokens relate to individual crypto ecosystems. The question an investor needs to ask is: has that ecosystem got a good business plan? Is it making money like a real-world business? If so, its fundamentals can be considered as good.

2. Investor Sentiment

Investor sentiment is a key driver in the price of all crypto. Investor sentiment about a crypto means ‘what investors feel about it.’ Frustratingly for investors, investor sentiment is unpredictable.

3. The Direction of the Bitcoin Price

Bitcoin claims 40% of the crypto sector by market capitalisation. Even though there are 19,000 other crypto, all crypto prices tend to follow the direction of the Bitcoin price.

Where to Buy Utility Tokens

The best utility tokens to buy are to be found online with one of the crypto exchanges or with a broker. Exchanges tend to offer bigger ranges of tokens, but can be intimidating for the beginner. When it comes to how to buy utility tokens simply and safely, we recommend global broker eToro.

eToro – Top Regulated Vendor for Best Utility Tokens to Buy

eToro is a global broker with 23m investors. For any investor looking for a balanced approach to their portfolio, eToro offers a useful selection of 3000+ conventional stocks, 250+ Exchange-Traded Funds and a growing suite of 55+ crypto. Many of key utility tokens find their place here, including all that we have reviewed above. eToro’s quality selection of crypto spans Defi tokens, metaverse coins, meme coins and the major blockchain coins like Bitcoin, Ethereum, Solana and Cardano.

What makes eToro stand out is that it is a leader in the field of social trading platforms. With eToro, investors of all skill levels get to hook up with other investors on chat feeds to swap advice (and reassurance sometimes!).

Best of all, with eToro, investors can copy more experienced traders for free using eToro’s CopyTrader facility. You can browse through over 600 crypto traders, pick the ones you want to copy, and the software will use your allocated funds to match their trades in real-time. For free! You can copy as many traders as you like, and stop copying at any time.

Another key part of eToro’s social trading is its range of 8 crypto Smart Portfolios. Devised by eToro experts, each is a holding of 3-20 crypto which takes a particular angle on crypto investing.

Particularly striking about eToro is its level of regulation. Unlike many crypto exchanges, broker eToro offers global regulation. It is covered in the US by FinCEN, in the UK by the FCA, in Europe by CySEC and in Australia by ASIC.

Finding the best utility tokens to buy is hard enough without dealing with an unregulated vendor; regulation means investors can buy without fear of fraud or company collapse.

Cryptoassets are a highly volatile unregulated investment product.

How to Buy Utility Tokens on eToro

As one of the best altcoin exchanges, eToro’s buying process is really simple. Just follow four steps to buy the best utility tokens:

1. Sign up with eToro

Head over to eToro.com. Sign in with Google or Facebook, or supply some simple personal details.

2. Verify your ID with eToro

You will need your government ID or passport handy.

3. Deposit Funds with eToro

You can deposit USD into eToro with no currency conversion charge.

4. Buy Enjin Coin with eToro in Seconds

Find your chosen utility token on eToro by entering its name in the top toolbar. We use metaverse token ENJ as an example in the illustrations below.

Click on the logo to access the token’s eToro homepage, or head straight to purchasing by pressing ‘Trade Now’.

Simply enter how much you want to spend and press ‘Open Trade’. Your utility tokens will be delivered straight away to your eToro portfolio.

Cryptoassets are a highly volatile unregulated investment product.

Conclusion

Above we have considered ten examples of utility tokens. We have considered the key question of where to buy a utility token and suggest that top-regulated broker eToro is a great place to start.

From among the best utility tokens to buy, the most promising example we have unearthed is Love Hate Inu. The upcoming project is currently in its presale round and is available to purchase at a discount, relative to its future listing price.

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