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 15 utility tokens that have strong momentum as we move further into 2023.

1. Meta Masters Guild – Best 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 second presale stage is now open for investment through the official website. The project has already attracted significant attention from investors, raising nearly $550,000 USDT in a short period.  Right now, potential buyers can purchase these tokens at a relatively low rate of $0.01 USDT each. But that’s not all – the value of these tokens will increase to $0.013 USDT in the near future.

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. This incentive is designed to motivate players to invest their time and resources into the game and drive its growth. MMG aims to create an immersive and rewarding experience for all its players by fostering a self-sufficient gaming environment.

MMG aims to provide a fun and accessible gaming experience by simplifying the game development process and eliminating complex web 3.0 jargon. By making their games easy to understand and enjoyable to play, they hope to attract a diverse audience and create a loyal user base, essential for the project’s ongoing growth and success.

Users also have the opportunity to earn Gems by engaging in a variety of games. These Gems can be utilized for many purposes, such as purchasing in-game NFTs, exchanging for other digital currencies, converting to $MEMAG tokens, and obtaining similar rewards. This allows players to convert their gaming experiences and investments in the ecosystem into financial gains.

MMG offers players an opportunity to obtain one-of-a-kind, playable NFTs through its digital marketplace. These NFTs can be used in games by linking a player’s wallet to the game.

In addition, users can acquire NFTs, tokens, and other incentives by being active in the platform’s online community.

The platform is also actively collaborating with various game developers to expand its reach. As a result, the project is inviting game developers to create games using $MEMAG. Those interested in learning more about the project can refer to MMG’s litepaper.

$MEMAG Tokenomics

The $MEMAG token is constructed on the Ethereum blockchain and follows the ERC-20 protocol. A total of 1 billion tokens will be issued, with 350 million tokens available during the initial sale stages.

The $MEMAG token plays a central role in the operations of MMG and can be used for various purposes, such as trading assets and staking. Moreover, players can use $MEMAG to obtain rare NFTs from the platform’s NFT marketplace. It can also be used to acquire Gems. Users can join the project’s Telegram group to stay updated on the latest updates.

2. Fight Out – Top Utility Token that offers 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 $0.0167 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.

$FGHT Tokenomics & Purchase Bonuses

$FGHT is a limited supply token that is based on Ethereum’s ERC-20 token standard. It is at the core of Fight Out’s functionality. These tokens enable users to take part in tournaments, leagues, unlock game modes, and so on. Also, users can buy REPS with the $FGHT tokens. Buyers purchasing REPS with $FGHT will receive an additional 25% REPS.

9 billion tokens would be available for sale during the project’s presale stages. Investors can choose to purchase $FGHT tokens via a credit card through Transak. 

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

At the time of writing, the project has already raised over $3 million USDT. Also, investors buying the tokens during the presale stages can get up to 50% additional $FGHT tokens as rewards. 

Moreover, investors will also receive purchase bonuses. These bonuses start at 10% and require an investment of only $500 with 6 months of vesting. To top this off, they can also receive membership rewards when they stake more $FGHT tokens or stake them for a longer time.

To get the latest updates, investors can join Fight Out’s telegram group.

3. Dash 2 Trade – Best New Utility Token for Accessing Cryptocurrency Tools & Signals

Based on the Ethereum network, D2T is a multi-use-case cryptocurrency token that can be leveraged to access the Dash 2 Trade intelligence and analytics platform.

Currently trading in the third of 9 presale stages having secured $6 million of investment in just three weeks, D2T is available to purchase at $0.0513 right now – by the final round it will have increased to $0.0662, a 29% rise from the current price and 39% rise from stage 1.

The D2T  token allows traders to make well-informed trading decisions by offering exclusive access to various trading strategies through its 3-tier subscription model.

All of Dash 2 Trade’s dashboard features can be accessed by purchasing the Premium Subscription tier – which costs 1,000 D2T per month – with a free tier and Starter tier (400 D2T per month) also available but with some features limited.

Therefore, investors are looking to buy this new cryptocurrency token right now.

The benefits of holding D2T include access to social trading features such as socio-cultural indicators – which study social media trends of top assets to determine future price movements.

The D2T token will also give access to weekly trading competitions – where platform members compete to earn D2T rewards.

Premium Tier members also get access to on-chain analysis data and live listing alerts. Users can also access information on new presale listings – including a Dash Score to determine the value of each individual listing.

Trading signals can be tested on the backtesting platform to determine future strategies. Furthermore, the Dash 2 Trade roadmap will release auto-trading robots in the future to assist members with their trades.

The platform has been built by the creators of Learn 2 Trade – the popular trading signals platform with over 70,000 global members. 

The project has a small max supply of just 1 billion tokens, with 700 million of them available during the presale with no vesting period.

To purchase D2T before the price increases, read our how to buy Dash 2 Trade guide and invest in this new token now.

To learn more about this popular cryptocurrency, join Dash 2 Trade’s Telegram channel or read the whitepaper.

4. 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 1 is already live and has raised over 32,000 USDT in just a few days. At the time of writing, crypto enthusiasts can buy $CCHG at a discounted price of 0.013 USDT per token. 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.

The $CCHG token exhibits a deflationary property. The tokens are taken out of the ecosystem every time a user utilized them to make payments for charging their vehicles. Buyers can buy $CCHG at a discounted price of 0.013 USDT per token at press time. Users can also consider entering the project’s Telegram channel to stay updated.

$CCHG Tokenomics

$CCHG is a limited supply token on the Binance Smart Chain with an upper cap of 1 billion tokens. Out of its total supply, 40% of the tokens can be bought via the platform’s 4 presale stages.

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. IMPT (IMPT) – Top Utility Token Offering Tokenized Versions of Carbon Credits with IEO on 14 Dec.

IMPT is a brand-new crypto project that offers utility like few others can – helping to solve one of the biggest real-world issues of the 21st century in climate change.

While many crypto utility tokens attempt to solve blockchain or Web3 issues, very few have attempted something as big or ambitious as IMPT – investors have flocked to buy IMPT tokens, selling out the first phase of the presale four weeks ahead of schedule.

The protocol wants to reduce the carbon footprints of individuals and retailers by rewarding them with IMPT tokens when they shop.

Those tokens can then be converted into carbon credit NFTs, which are used to fund and develop pre-approved and vetted ecological and conservation projects.

Carbon credits allow the user to emit a certain amount of greenhouse gas by offsetting their carbon footprint.

Each retailer will donate a proportion of sales made through IMPT to the environmental, social and governance (ESG) project, but IMPT will also develop a scoreboard to encourage businesses and individuals to be more aware of the impact of their carbon offset efforts.

More than 10,000 retail businesses and brands, some of them globally recognizable names such as Samsung, Amazon and Microsoft, have already partnered with IMPT.

The carbon zero project, built on Ethereum, will also utilize blockchain technology to make carbon credit trading more transparent and less fraudulent.

Not only can carbon credits be acquired by shopping, they can also be bought and sold on the IMPT marketplace. Users are also free to ‘retire’ their credits, sending them to a burn address in exchange for an NFT.

The ESG sector is expected to be worth $30 trillion by 2030, while the voluntary carbon market is set to grow from $2 billion to $100 billion annually.

With IMPT offering a unique, techology-based solution to fight the climate crisis, we’ve named the project as the best new upcoming ICO to invest in.

IMPT’s ICO will happen on 14 December 2022 when it’s listed on LBank at 10:00 UTC. Uniswap will also list the token on the same day. Changelly Pro is yet to announce the exact listing date.

More information on the project, its tokenomics and roadmap can be found in the IMPT Whitepaper, while the Telegram group will have the latest news.

It was nice to see that independent rating sites CoinCodex.com and CryptoPresales.com rated IMPT as one of the best crypto projects for the year.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. 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.

14. 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.

15. 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.

16. 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.

17. Enjin Coin (ENJ) – Token used in minting NFTs for metaverses

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.

18. Graph (GRT) – Key Utility Token used by dApp Developers

Our final pick for best utility tokens is The Graph coin, which is also 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 2023?

From the list of utility tokens above, one stands out. That is Meta Masters Guild, a new crypto project that offers utility by rewarding users to play fun-filled games. The sections below show investors how to begin investing in Meta Masters Guild.

How to Buy Meta Masters Guild – Full Guide

The below section provides a step-by-step guide to buy Meta Masters Guild ($MEMAG).

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 $MEMAG 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 $MEMAG.

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. If you don’t have enough ETH, you can use Transak to acquire the ETH you need to purchase the presale tokens. You can also buy ETH or USDT from different crypto exchanges and transfer it to your wallet.

Step 4: Buy $MEMAG

Once your wallet is funded, you can click on “Buy with ETH” or “Buy with USDT” and enter the amount of $MEMAG 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 Meta Masters Guild. The upcoming project is currently in its first presale round and is available to purchase at only $0.01 per token.

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