The concept of utility coins is quite different from the first cryptocurrencies.
Cryptocurrencies have evolved significantly since they were introduced more than 10 years ago. Today, there are many classes of cryptocurrencies, including utility coins and tokens. Like other cryptocurrencies, utility coins and tokens work on blockchains, and that means they are extremely secure. It is worth noting that cryptocurrencies are meant to be used as currencies, and this is not the case with utility tokens. So, should you invest in utility coins and tokens? Continue below in order to find out.
You might be curious to learn about some great example of a utility token that’s doing well, and their advantage and disadvantage? Let’s dive in!
55 Best Utility Coins and Tokens
This is the toplist with the top utility coins and tokens for people in United States. There may still be restrictions what people in the your geographic region are allowed to do when it comes to crypto currencies. So make sure that you read up on the regulatory restrictions as well as the terms and conditions for each crypto exchange and consider what is allowed or not allowed. Crypto is extremely volatile and not suitable for everyone to invest in. Never speculate with money that you cannot afford to loose.
- Utility Coins
- Cheapest Coins
- DeFi Coins
- Stablecoins
- Meme Coins
Render Token (RNDR)
” Rendering the Metaverse – the 1st network transforming the power of GPU with their rendering solutions.”
Aptos (APT)
“The native coin of the Aptos blockchain aiming to deliver Web3 to the masses.”
Sandbox (SAND)
“Play, Create, Own, and Govern a virtual Metaverse made by players.”
Toncoin (TON)
“The utility token native to Telegram’s blockchain on the Ethereum network!”
Basic Attention Token (BAT)
“Basic Attention Token Aims to Make Crypto and DeFi accessible and useable for everyone.”
Gala Coin (GALA)
“Own your gameplay, with Gala Games token.”
Green Satoshi Token (GST)
“Stepn players can earn crypto in the form of Green Satoshi Token by walking, jogging or running outside, with the GPS turned on.”
Lido Dao (LDO)
“Lido Dao offers a liquid staking service for Ethereum, Solana and Polkadot to name a few.”
Cronos (CRO)
“Fortune favors the brave, says Cronos – the native token of the Crypto.com exchange.”
SwissBorg Token (CHSB)
“By holding CHSB, you can enjoy Swissborg benefits such as way lower exchange fees, high yield and full voting rights.”
Stepn (GMT)
“Move to earn, with Stepn’s GMT coin.”
WAGMI Games (WAGMIGAMES)
“The native token for Wagmi Games, a strategic play to earn game on the Ethereum blockchain.”
Blur (BLUR)
“The innovative new NFT marketplace token.”
Reserve Rights (RSR)
“Reserve Rights is the governance token of the Reserve protocol, without any functionality at the moment.”
Filecoin (FIL)
“Filecoin offer free storage forever to their utility owners.”
The Graph (GRT)
“Enable a vibrant decentralized future with The Graph on the Ethereum and Solana networks!”
Veno Finance (VNO)
“High potential finance and staking coin”
Curve Dao (CRV)
“Curve DAO (CRV) is an efficient ERC-20 stablecoin and the native coin of Gnosis Chain, the former xDai chain. “
Helium (HNT)
“HNT is mined and distributed to Hotspot Owners, Helium Inc & Investors.”
Nblh DAO (NBLH)
“A fast, decentralized real estate investment protocol.”
Audius (AUDIO)
“Discover and stream up-and-coming artists at Audius.”
Arweave (AR)
“Store data, permanently – with Arweave.”
Chiliz (CHZ)
“The leader of sports tokens, especially for soccer. “
Gods Unchained (GODS)
“The native token of Gods Unchained play to earn game.”
X2Y2 (X2Y2)
“Earn staking rewards from a the new NFT marketplace token.”
Compound (COMP)
“A governance token for the Compound protocol.”
Aurory (AURY)
“The only token native to the Aurory game”
Step App (FITFI)
“Step App turns fitness goals into income, social joy and a friendly competition.”
Acquire.Fi (ACQ)
“The coin at the intersection of investment and Web3.”
Serum (SRM)
“Enabling blazingly fast speeds and low costs in the decentralized finance space, powered by the Solana network.”
Run Together (RUN)
“Combining the worlds of NFTs and Move2Earn together in one fun fitness application”
Axie Infinity (AXS)
“A digital nation. Battle, collect and earn with Axie Infinity.”
ApeCoin (APE)
“ApeCoin is a cryptocurrency for the web3 economy.”
Stacks (STX)
“The coin to help unleash Bitcoin’s true potential!”
NvirWorld (NVIR)
“The token to bridge the platforms that encompass the NvirWorld ecosystem!”
Phi Token (PHI)
“Phi token is a platform for hybrid investments.”
Cartesi (CTSI)
“Smarter smart contracts are made possible with the power of the Cartesi project”
Tribal Token (TRIBL)
“The new coin specifically made to support small and medium sized enterprises “
Huobi Token (HT)
“Be part of the Huobi ecosystem with the powerful HT token and get lower trading fees as part of owning it.”
KuCoin Token (KCS)
“KCS is the token on Kucoin that can give you 20% lower fees.”
Everdome (DOME)
“The native token for Everdome, offering rather low quality resolution for a Metaverse game.”
Walken (WLKN)
“Move to earn and play to win with this exciting new coin”
OKB (OKB)
“Discover more about the OKX exchange’s native utility token and get the latest updates.”
Lucky Block (LBLOCK)
“Lucky Block is a worldwide lottery with players using blockchain protocols.”
Step® (STEP)
“Get ready to aweat with the latest move to earn token”
Football Fan (FNC)
“Football Fan is one of the latest tokens that are launched for the World Cup in Qatar.”
Telos (TLOS)
“Fast, Scalable, Decentralised Finance is here with Telos.”
MetaBeat (BEAT)
“The platform that brings fans and artists closer using the power of NFTs!”
Pac Mate (PCMT)
“Pacmate (PCMT) is the native utility token for a play to earn arcade game on the BNB blockchain.”
Amazy Move Token (AMT)
“Make moves, get fit, and stack tokens with this exciting project.”
DEXO (DEXO)
“With DEXO you’re powering a centralized like exchange that doesn’t hold your assets.”
SushiSwap (SUSHI)
“Be a DeFi Chef with Sushi where you swap, earn, stack yield or borrow.”
Kangal Coin (KANGAL)
“A meme coin and utility token on a DAO ecosystem.”
Marshall Inu (MRI)
“The crypto token for passionate MMA Fans, fighting for fighters.”
Bitget Token (BGB)
“Earn passive income with the BGB token, an exchange token from Bitget.”
Go directly to
- 1 55 Best Utility Coins and Tokens
- 1.1 What is a Utility token or a utility coin?
- 1.2 What is a Utility Token?
- 1.3 Examples of how utility tokens or coins are used
- 1.4 What is the difference between a utility token and a governance token?
- 1.5 To Generate initial capital for Tech Startups in ICO’s
- 1.6 Provides access to a Specific service or product within the ecosystem
- 1.7 Which blockchain got the most utility tokens and most potential in this space?
What is a Utility token or a utility coin?
It is important to differentiate between utility coins and tokens. While both of these fall under the umbrella of cryptocurrencies, they are quite different. One key difference between these two is that coins run on their own native blockchains. Tokens don’t have native blockchains and are built on existing ecosystems. It is also worth noting that utility coins can be used as currencies, and this is not the case with tokens.
Utility coins and tokens are cryptocurrencies that are unique to their ecosystems, and they allow holders to use a product or service. In most cases, the purpose of utility tokens boils down to speculating on their values or usage, and this can motivate people to purchase the tokens. As an example, a token can be developed to tip content creators on specific platforms. In order to tip content creators, you will have to purchase the token, and then you can speculate on its price. It is also worth noting that utility coins and tokens cannot be mined as they are created all at once. They are then distributed in a manner that is decided by the creators of the cryptocurrencies.
What is a Utility Token?
This is a non-cash digital asset that resembles a company stock, with the main difference being a lack of regulatory framework around tokens. Tokens carry a value that goes beyond the usual benefits of coin currency. They give the owner a special pass or access to services and products provided by the blockchain network.
Examples of how utility tokens or coins are used
These tokens and coins can be used for many different purposes, and they basically help to support the functioning of various projects and companies. Here are some examples of how the tokens and coins are used:
+Filecoin – By purchasing Filecoin or FIL, you will be able to rent storage space from a network of computers around the world. The storage is decentralized, so you can be certain that your files will be secure.
+Golem – This utility token is meant to give users a chance to rent the spare processing power of their computers to other people. It can also be used to pay for resources via the Golem protocol. The value of the token depends on the adoption of the service, and this is in turn determined by its accessibility, reliability, and its resistant to censorship.
+Basic Attention Token (BAT) – This is a utility token that tracks the attention of users on specific websites, and its aim is to distribute ad money fairly among publishers.
What is the difference between a utility token and a governance token?
In 2016, the Decentralized Autonomous Organization or DAO held an IPO, where they were able to raise $120 million in ETH. This was the first example of a governance token as buyers of the cryptocurrency got voting rights in the organization. By purchasing a company’s governance tokens, you will be able to get more strength when creating projects or voting on existing proposals. With governance tokens, you will also be able to change the fee reward distribution system. This is quite different from utility tokens as they are simply meant for specific purposes such as the purchase of services.
One advantage of governance tokens is that they are classified as securities by financial regulators such as the SEC. This means the capacity for fraud is limited in governance tokens. Also, governance tokens have real use in the real world as they work just like traditional stocks and shares. While governance tokens have many benefits, they also have cons. One disadvantage is that the holders may start trading the tokens, and this can lead to a sharp drop in the token’s price.
To Generate initial capital for Tech Startups in ICO’s
Utility tokens come into existence when a tech startup comes up with a product or service that it wants to share with the public. In the normal world, this company would offer an IPO, an Initial Public Offering, where new stock is bought by members of the public who then get a percentage stake in the company.
In the tech world a similar process with a name that sounds a bit too familiar happens instead, an Initial Coin Offering (ICO). In an ICO, a company would announce the number of tokens available for purchase, and how much each token is worth. Members of the public who want to invest in the company can then buy tokens and have a say in the network while at the same time generating capital for the startups.
Provides access to a Specific service or product within the ecosystem
Token owners are allowed certain rights when they purchase utility tokens. These include:
Advantages
+They can incentivize people to support useful projects.
+They create solid communities around projects.
+It attracts people with different roles in the project.
Disadvantages
-They have a high scam potential.
-The technology is new and can’t be used as currency or equity.
-There have been issues with the regulation of these tokens and coins.
-The projects may fail, and this will result in your loss.
Which blockchain got the most utility tokens and most potential in this space?
Today, most utility tokens run on the Ethereum blockchain. This blockchain might also have the most potential in the cryptocurrency space, and it is also among the oldest cryptocurrency projects.
