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?
This guide will review the five best ERC20 tokens to buy in 2022 and explain everything investors need to know about ERC20 cryptocurrencies.
Five of the Best ERC20 Crypto Coins to Buy
Want to know more about the best ERC20 tokens to invest in for 2022? We’ve put together detailed reviews of the five best ERC 20 coins.
IMPT – Best ERC-20 Token Currently Available on Presale
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.
IMPT offers a shopping platform where buyers can connect with thousands of brands and retailers willing to set aside a percentage of their sales margin. The sales margin is received in a buyer’s IMPT wallet as IMPT tokens as the purchase is conducted. These tokens can be bought directly from the IMPT website with fiat currency or can be collected.
Interested in learning how to invest in Carbon Credits? After gathering enough tokens, IMPT can be converted to purchase Carbon Credits – tokenized NFT assets representing 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 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 600 million available to buy during the ongoing presale stage. At the price of $0.018, IMPT can be acquired before the price increases to $0.023 by the next presale round. The IMPT presale has raised over $3.2 million worth of IMPT tokens.
Tamadoge (TAMA) – Overall Best ERC20 Cryptocurrency to Buy in 2022
Tamadoge is a brand-new ERC20 cryptocurrency that’s currently on presale. We’re excited about it and think investors should be, too.
Tamadoge (TAMA) is the native cryptocurrency of a play-to-earn crypto game of the same name. In Tamadoge, players can spend TAMA to mint a virtual NFT pet. Each NFT pet starts with unique stats and strengths, but how NFT owners nurture their pets 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 significant 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. It isn’t the case for most other new cryptocurrencies.
TAMA is currently available through a crypto crowd sale for a limited time. Investors can purchase TAMA with a credit card, Ethereum, or Tether.
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.
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 limited 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 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 can 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 earn generous rewards. They also benefit from price appreciation as the price of LBLOCK rebounds in the future.
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 a sports game’s score or the US dollar’s value, 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. As the Chainlink network sees more use, LINK’s demand rises, 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.
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
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.
What is an ERC20 Token?
ERC20 is a set of technical standards 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 trade 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 these coins, or else all the different projects being created on the Ethereum blockchain would exist in their silos.
The ERC20 standard enabled creators to agree on basic technical specifications. All new coins created using this standard would be interchangeable while retaining their specific and independent uses. ERC20 was formally adopted by the Ethereum community in 2017. Since then, virtually all smart contract tokens created on the Ethereum blockchain conform to the ERC20 standard.
Why Invest in ERC20 Coins?
Investors have many options beyond ERC20 tokens when 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.
Source
https://www.business2community.com/cryptocurrency/best-erc20-tokens
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