An ERC20 token is a type of crypto that is exclusively built on the Ethereum blockchain. Ethereum is an altcoin so it’s an alternative to Bitcoin. For a coin to make it into the altcoin category it has to have a blockchain. Ethereum (ETH) is a well-known altcoin and tends to be referred to as the next Bitcoin.
In this article, we are going to be listing the best ERC20 tokens and why we believe they have the most potential. Like all tokens built on the Ethereum blockchain, they should be treated as a scam and never purchased without thorough scrutiny.
ERC20 Token List
There are thousands of ERC20 tokens that are built on the Ethereum Blockchain. Some are unique while others are copies to trick potential investors into
These are called honey pots where you will never be able to remove your investment. This is due to the Ethereum blockchain allowing token owners to block withdrawals once a purchase has been made. Here is more on the honey-pot scam allowed when submitting a smart contract with Ethereum.
Did you know? The ERC stands for “Ethereum Request for Comments” Meaning they are for proposing new protocols for the Ethereum network. A good ERC20 token should have plans to move to altcoin statis eventually.
The Best ERC20 Tokens
We will only list tried and tested ERC20 tokens that have a proven history and passes all our scam checks. We have checked all the code behind these tokens, wallets holders, websites and social profiles. These ERC20 tokens currently offer the most potential and profits for long term hodling.
Please Note: This “list of the best ERC20 tokens” can change over time or new/other ERC20 tokens will be added to the list. But before they are added we will thoroughly check for potential scams such as honey-pots & rug pulls.
OMG Network (OMG)
The OMG token looks set to explode in the next year, with a lot happening behind the scenes. They specialize in crypto
If you keep away from the Ethereum network because of its high gas fees then OMG looks set to make those a lot cheaper when swapping Ethereum for any ERC20 token.
The OMG token will be used for paying those gas fees, but you will also be able to stake OMG tokens in the near future. With many new updates on this new wallet swap service Dapp/website. The OMG token would be a great investment for the future.
- ERC20 rating: No1
- Utility: Token swap (reduced gas fees)
- Max token volume: 1,000,000,000
- Released: 2020
Chainlink (LINK)
Chainlink provides smart contracts with a difference. They have become a well-known name and will continue to grow. Offering a decentralized network, Chainlink allows users to create Dapps, manage nodes and publish their Dapps on various blockchains.
Chainlink is a very welcoming platform and encourages anyone no matter what your knowledge to join their network and start developing and growing. Collecting data is another mission, with many big companies already signing up and taking note of the power of off-chain data with Chainlink.
- ERC20 rating: No2
- Utility: Off chain data, Dapps & Smart contracts
- Max token volume: 1,000,000,000
- Released: 2017
Basic Attention Token (BAT)
Everyone has heard of the Basic Attention Token called BAT for short, If you have not then it specializes in digital advertising needs. With claims to revamp the online advertising system using BAT as a way to buy and pay for advertising campaigns using the Brave Browser.
For example, Adsense controls the market and is a very intrusive advertising platform, with BAT they will not log IP addresses and inject cookies onto your devices. BAT is a popular token and has over 650k holders currently, with that likely to explode considerably over the next few years.
The Brave Browser is where the magic will happen, publishers can monetize their content and receive BAT for their content ads. Users of the Brave browser can also tip publishers if their content has inspired or added value to their search (optional).
- ERC20 rating: No3
- Utility: Digital advertising
- Max token volume: 1,500,000,000
- Released: 2017
UniSwap (UNI)
Uniswap is one of the original DEX’s (decentralized exchanges) that has become a very popular token swap built on the ETH blockchain. They trade in ERC20 tokens and provide other way to earn a steady income streams through staking various tokens and altcoins.
With the world of tokens becoming more and more wide spread their token UNI looks set to increase in popularity and in turn even more valuable. It just offers a better user experience among crypto enthusiasts, plus it has a more established customer base with many preferring UNI over rivals such as Sushiswap.
- ERC20 rating: No4
- Utility: Decentralized exchange for ERC20
- Max token volume: 1,000,000,000
- Released: 2020
ERC20 Warnings
In recent years ERC20 tokens have made many crypto owners millionaires in their own right. But, since these tokens, for example, Shiba Inu made their initial gains, scammers have flocked to create ERC20 tokens. Anyone can create an ERC20 token, use a ready-made piece of software, deploy, add liquidity and shill.
ERC20 To Altcoins
Over the years there have been many ERC20 tokens that have built their own blockchain and moved onto becoming altcoins. Altcoins such as BNB was initally seup as a token built on the Ethereum network, there have bene many instances that this has happened. Sometimes an ERC20 will have success and move onto the next level. But not all, so be sure that the token has a reason to keep growing.
Conclucion – Best ERC20 Tokens
New tokens can be the most profitable but are also the riskiest, with most not attracting enough investors and the owner pulling liquidity. If a token gets a lot of interest and has a good utility then it has every chance of success. But there are more scams than solid projects in recent months, so be sure to check the ERC20 token before investing.
Submit An ERC20 Recommendation
We are always looking for solid projects to add to our best ERC20 token list. If you have any recommendations or opinion on this matter then feel free to submit your proposal and we will perform our scam checks and decide if it meets our strict ERC20 criteria.
