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 ten of the most promising examples in this field, as well are consider the best place to invest in utility tokens generally.

Best Utility Tokens to Buy in 2022

Much of the crypto out there can be classed as utility tokens. As such, investors are spoilt for choice when it comes to the best utility tokens for 2022:

  1. Lucky Block (LBLOCK)Overall best utility token to buy in 2022
  2. ApeCoin (APE)Hot new NFT token
  3. BNB Coin (BNB)In-house token for the giant Binance crypto exchange
  4. Axie Infinity (AXS) – Key token in the Play-to-Earn blockchain gaming sector
  5. Curve (CRV) – Utility token for the biggest Ethereum-based DEX
  6. Decentraland (MANA) – In-house crypto for the Decentraland metaverse
  7. Chiliz (CHZ) – Token for buying sports club tokens
  8. Yearn Finance (YFI) – Top DeFi token bringing DeFi to ordinary investors
  9. Enjin (ENJ) – A token used in minting NFTs for metaverses
  10. Graph (GRT) – A key utility token used by DApp developers

Cryptoassets are a highly volatile unregulated investment product.

A Closer Look at the Best Utility Tokens to Buy in 2022

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-ten utility tokens that have strong momentum as we move further into 2022.

1: Lucky Block (LBLOCK)

lucky block logo

Lucky Block takes pole position at the top of our utility tokens list. Not only does LBLOCK offer strong investment potential through its business model of a blockchain-based lottery, but it also offers token owners a passive income through regular yields and the best crypto giveaways.

Offered on the Binance Smart Chain, each LBLOCK utility token gives the owner a regular chance to win a prize with the Lucky Block Lottery. What’s more, LBLOCK owners receive a small dividend from every prize draw. The Lucky Block business model aims to bring the international scope and accountability of the blockchain to the world of lotteries, and is thus expected to outperform lotteries organised physically.

LBLOCK had a hugely-successful pre-sale, with 11,200 BNB (Binance Coin) raised. Currently there are over 50,000 token holders with a LBLOCK market capitalisation of over $90m.

Right now, you can get your hands on LBLOCK early via decentralised exchange PancakeSwap (we show you how below).

Watch out for LBLOCK coming to top crypto exchanges soon, as well as the full app coming to Google Play and the App Store.

Cryptoassets are a highly volatile unregulated investment product.

2: ApeCoin (APE)

ApeCoin logo

Of the emerging breed of NFT utility tokens, 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.

3: Binance Coin (BNB)

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.

4: Axie Infinity (AXS)

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 under-estimate the enduring appeal of the Axie Infinity game. 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.

5: Curve (CRV)

With over 150,000 followers on leading broker eToro, Curve is undoubtedly one of the stroncurve logoger 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.

6: Decentraland (MANA)

MANA is the utility token for the Decentraland metaverse. 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.

7: Chiliz (CHZ)

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.

8: Yearn Finance (YFI)

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.

9: Enjin Coin (ENJ)

Enjin Coin is the utility token for the Enjin ecosystem. ENJ is one of the top NFT utility tokens: developers users ENJ to mint in-game NFTs for use in one of Enjin’s metaverses.

ENJ acts as the gold standard for Enjin’s NFTs. That’s because every NFT contains ENJ and can be melted down to retrieve it. ENJ has been used to mint over a billion NFT assets so far.

With a capped supply of one billion tokens, the price of ENJ cannot fall due to over-supply. 167,254 crypto wallets contain ENJ — with the biggest ‘HODLing’ being a whopping $187m.

As with all utility tokens, you can invest in ENJ without needing to actually use it in its native ecosystem. Buy ENJ to invest in the booming NFT sector. NFT sales stood at just $10m at the end of 2020 and rose, in just 12 months, to stand at a total of $25bn.

ENJ has 333,000 followers on top broker eToro.

Crypto assets are a highly volatile unregulated investment product.

10: Graph (GRT)

The Graph coin is one of the top web 3.0 utility coins. GRT is the utility token for the Graph Network. Developers buy GRT to use the Graph Network as a data indexing system for their DApps (Decentralised Applications).

Graph clients include the metaverse Decentraland as well as DeFi players Synthentix, Uniswap and Aave. Decentraland, for example, uses the Graph system to index land that users buy with LAND coin as well as NFT collectibles.

What makes Graph stand out as an investment is its use in the creation of DApps. Buy GRT to get in on the DApp sector, which analysts say will be worth over $260bn by 2027. Note too that, during its initial funding phase (2019-2021), big players like Coinbase and Digital Currency Group were quick to get behind Graph financially.

GRT has a market capitalisation of $1.8bn and a capped supply of 10bn coins. 165,000 eToro users follow GRT.

Crypto assets are a highly volatile unregulated investment product.

What is the Best Utility Token to Buy in 2022?

From our list of utility tokens above, one stands out. That is Lucky Block (LBLOCK), the lottery token operating on the Binance Smart Chain.

Lucky Block is one of the top utility tokens as an investment for four reasons:

1. Optimising the Lottery Format

Using crypto to run a lottery is a brilliant idea. That’s because the lottery can:

  1. Run at lower cost.
  2. Be accessible on an international basis.
  3. Offer complete accountability thanks to the blockchain ledger.

LBLOCK offers strong long-term investment potential on the basis of offering real advantage to the players in the lucrative sector of games-of-chance.

2. Increasing Popularity and Accessibility

LBLOCK’s pre-sale phase saw it sell out 2 weeks ahead of schedule. Having launched on DEX PancakeSwap, its price surged by over 3,000%. And now LBLOCK is set to be accessible to many more investors with planned launches on top exchanges, Binance and Crypto.com as well as leading broker eToro.

3. Passive Income for LBLOCK Owners

All LBLOCK owners stand a chance of winning in Lucky Blocks’ regular lotteries. What’s more, token-holders earn dividends (regular payments) based on how many tokens they own themselves and how many other LBLOCK owners there are. As LBLOCK expands, so will this passive income — up to an Annual Percentage Yield of 19.2%, according to a recent press release from Lucky Block.

4. Deflationary Tokenomics Built In

A problem with some crypto (like Dogecoin) is that there is an unlimited supply of their coins/tokens. This means that there is no upwards price pressure based on a limited supply (according to the standard economics of supply vs. demand). With LBLOCK, this is not a problem. Some tokens are burnt every single time a sales transaction is made by a token holder; this keeps a downward pressure on supply, and therefore an upward pressure on price.

How to Buy Lucky Block

Lucky Block is soon to be available with top broker eToro as well as with leading crypto exchanges. In the meantime, you can trade Lucky Block for BNB coin by linking your crypto wallet to the Lucky Block website:

  1. Go to the pre-sale area on the Lucky Block website.
  2. Connect your wallet.
  3. Enter the number of Lucky Block tokens you wish to buy.
  4. Confirm the purchase.

Need some more details? You can review an in-depth tutorial on how to buy Lucky Block here.

lucky block logo

Cryptoassets are a highly volatile unregulated investment product.

What are Utility Tokens?

In deciding which are the best utility tokens crypto 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-logo

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!).

etoro crypto home

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 amongst the best utility tokens to buy, the most promising example we have unearthed is the Lucky Block token. Owning LBLOCK entitles the owner to a chance to win a regular lottery as well as receive regular dividends. That’s a bonus in itself. What’s more, the strength of the Lucky Block business model means that the price of the in-house crypto LBLOCK has great potential. lucky block logo

Cryptoassets are a highly volatile unregulated investment product.

FAQs

What is a Utility Token?

Are Utility Tokens a Good Investment?

What is the Main Utility of the CHZ Token?

Why Buy a Utility Token?

Can Utility Tokens be Traded?

Do Utility Tokens Increase in Value?

Is XRP a Utility Token?

What is the Difference Between Utility Token and Security Token?

What are Utility Tokens Used For?

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