29 Dec 2022 · 23 min read

13 Best Utility Tokens to Invest in 2023

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Utility tokens refer to crypto projects that offer real-world value, insofar as they grant access to a particular product or service. 

An example of this is MANA, which enables holders to buy virtual real estate within the Decentraland metaverse. 

In this guide, we offer an in-depth analysis of the best utility tokens to buy right now. 

The 13 Best Utility Coins to Buy

The list below highlights the 13 best utility tokens that we identified during the research process. 

  1. Dash 2 Trade - Presale Token of Revolutionary New Crypto Platform
  2. RobotEra - New P2E and Metaverse Presale with Varied Utility
  3. Tamadoge - Meme Coin Project Offering Huge Utility
  4. Battle Infinity - Low-Cap Crypto That Offers Utility in the Metaverse   
  5. Lucky Block - NFT Platform That Offers Access to Competitions and Rewards  
  6. DeFi Coin - New DEX That Offers Utility via Staking and Yield Farming 
  7. MANA - Native Token of the Decentraland Metaverse World 
  8. Ethereum - Utility Token That Backs Thousands of ERC-20 Standard Projects
  9. XRP - Provides Utility for the Ripple Interbank Payments Network 
  10. BNB - Proprietary Token of the Binance Smart Chain Ecosystem  
  11. Basic Attention Token - Incentivization to use the Brave Browser 
  12. 1inch - DEX Aggregator Offering Traders the Most Favorable Price
  13. ApeCoin - In-House Currency in the Otherside Metaverse 

As per the list above, the best utility coins come from a variety of crypto niches, from the metaverse and P2E gaming to DeFi yield services. 

We discuss each and every utility coin project in more detail in the following sections. 

Reviewing the Crypto with the Best Utility 

Unlike meme coins - which are largely focused on speculation and hyper, utility tokens have an actual use case. 

This means that by holding a utility token, investors can gain exclusive access to the respective project's products and services. 

Ultimately, utility tokens have a much greater chance of surviving the current crypto bear market. 

Therefore, we will now take a much closer look at the 13 best utility crypto coins to consider buying right now. 

1. Dash 2 Trade - Best Utility Crypto to Buy Right Now

Dash 2 Trade (D2T) is a new utility coin that's currently on presale and is the native token of the Dash 2 Trade platform, a revolutionary new crypto trading and signals platform.

The D2T presale managed to raise over $400,000 within its first 24 hours and has now raised more than $6 million in just three weeks - indicating how much promise there is in this exciting new project.

With the D2T token being used to access the Dash 2 Trade platform, there will likely be an immense demand for the token upon the release of the platform.

Combined with the early-stage presale prices providing a near-40% discount compared to the final stage, the D2T token is likely to explode after the presale, making it one of the best cryptos under $1 right now.  

Aiming to be the number one crypto signal provider, Dash 2 Trade will offer a huge variety of tools designed specifically for traders. Some of these exclusive tools include social indicators, alerts for new exchange listings, on-chain analytics to highlight trends, and a strategy builder with in-built backtesting capabilities. 

In addition to the aforementioned features, Dash 2 Trade offers its users a highly customizable auto-trading API, a scoring system to help investors find the best presales and ICOs, and even a social trading system designed to help get the Dash 2 Trade community engaged with trading. 

Dash 2 Trade platform

The Dash 2 Trade platform will be accessible to holders of the D2T token. While there is a free subscription so users can get a feel for the platform, a Starter or Premium plan is required to get the most value out of Dash 2 Trade. More details can be found in the Dash 2 Trade whitepaper.

  • Starter - The starter plan provides access to Dash 2 Trade's core functionality including automated social trading tools, the backtesting platform, and the members-only Discord group at a cost of 400 D2T per month. 
  • Premium - The premium tier provides access to every Dash 2 Trade feature as well as exclusive giveaways and special channels in Discord for 1,000 D2T monthly or 9,600 D2T yearly.
Price StageAmount Raised In StageToken Allocation
$0.0476$1,666,00035,000,000
$0.0500$3,500,00070,000,000
$0.0513$3,591,00070,000,000
$0.0533$4,663,75087,500,000
$0.0556$4,865,00087,500,000
$0.0580$5,075,00087,500,000
$0.0606$5,302,50087,500,000
$0.0635$5,556,25087,500,000
$0.0662$5,792,50087,500,000

Dash 2 Trade is currently in the third phase of its presale with tokens selling for $0.0513. However, this price will incrementally increase as the presale progresses. 

As such, it's worth checking out the project today in order to stock up on tokens for the cheapest price possible. 

Join the Dash 2 Trade Telegram to keep updated. 

Presale StartedOctober 19
Purchase MethodsETH, USDT, Transak
ChainEthereum
Min Investment1,000 D2T
Max InvestmentN/A

Visit Dash 2 Trade Now

2. RobotEra - New P2E and Metaverse Presale with Varied Utility

RobotEra is another new presale project that combines play-to-earn (P2E) gaming and metaverse building to allow players to generate income in a number of ways.

Native token TARO is currently in the first stage of its presale, with tokens on sale for $0.02, and has raised $100,000 in just a few days since launching.

Players in RobotEra - which is our top metaverse project of 2022 - mint Robot NFTs and purchase metaverse plots of land to rebuild the destroyed planet Taro. 

Rewards can be generated by staking the token, completing quests mining land for resources or building infrastructure to monetize the metaverse.

With few limitations on what can be built players are able to earn TARO through participating in events, charging admission for their own events, selling buildings and resources and selling billboard space to advertisers. 

Players can also upgrade and customize their robot companion NFTs and sell them on the open market.

RobotEra developers - who are doxxed and KYC-verified - also believe new utility will come over time with few limitations on what can be built in the metaverse.

TARO holders who stake their coins also earn voting rights in the RobotEra DAO.

While tokens are on sale now for $0.02, the price will increase with each new presale stage - to $0.025 in stage 2 and $0.032 in the third and final stage, an increase of 60%.

The presale will see 15% of the max supply (270 million tokens) of TARO sold, with no vesting period.

Interested investors should read the RobotEra whitepaper or join the Telegram group for more information.

Presale StartedNovember 2022
Purchase MethodsETH, USDT
ChainEthereum
Min Investment1,000 TARO
Max InvestmentN/A

Buy TARO on Presale Now

3. Tamadoge - Meme Coin Project Offering Huge Utility

Tamadoge is the another top utility token to buy today, with native token TAMA not only one of the best meme coins on the market but offering use cases that rivals Dogecoin and Shiba Inu cannot compete with.

This is a perfect example of a utility coin, insofar that players are motivated to engage with the Tamadoge ecosystem. Moreover, those holding TAMA tokens will have access to the Tamaverse - which is the project's take on the metaverse. 

Additionally, in order to play the Tamadoge game - which is based on caring, breeding, and battling virtual pets, an NFT must be purchased.

And the only currency that can be used for this goal is TAMA . Another reason why we like Tamadoge as the overall best utility coin is that it recently witnessed one of the best crypto presales of the year. 

The project raised $19 million in just eight weeks before pumping after it listed on exchanges,  reaching an all-time high of $0.194 - nearly 2,000% above its presale price and becoming a top meme coin by volume.

The project is currently building three games, the main Tamadoge game and two mini arcade-style games, as well as developing an augmented reality app.

The main game, based on 90s craze Tamagotchi, will see players feed and raise their NFT pets before battling against other players.

Not only are players rewarded in TAMA, but the token is needed to upgrade the pets by buying food and treats, with 5% of transactions in the pet store burned.

As one of the best low-cost cryptos, TAMA potentially offers the most upside potential

Buy Tamadoge on OKX CEX

Buy Tamadoge on OKX DEX

3. Battle Infinity - Low-Cap Crypto That Offers Utility in the Metaverse   

Battle Infinity is another low-cap crypto project that recently witnessed one of the best crypto ICOs of 2022. Although Battle Infinity raised a modest $5 million, this represents its hard-cap target. Moreover, the presale was planned for three months, but the campaign sold out in just 24 days. This is even more impressive considering the current bear market. 

In terms of its utility, IBAT tokens sit at the heart of the Battle Infinity metaverse - otherwise branded as the 'multiverse'. This will consist of many play-to-earn games, all of which will take a multiplayer format. The first game to launch in the Battle Infinity multiverse is centered on a conventional fantasy sports league.  

Successful players will be rewarded with IBAT tokens. Players can then choose to stake their IBAT for passive income directly on the Battle Infinity platform. Or, players can use the Battle Infinity DEX to swap their IBAT for another token type. IBAT can also be used to buy and sell Battle Infinity NFTs, which offer an enhanced in-game experience. 

In terms of its price action, Battle Infinity is trading at $0.003 at the time of writing, which equates to a market capitalization of $10 million. The presale priced IBAT at $0.0015, so this represents growth of 100%. However, IBAT previously touched an all-time high of $0.0055, which translates into growth of over 260% from its presale price. 

All in all, IBAT could be one of the best penny cryptocurrencies to add to a utility token portfolio today - especially considering its small market capitalization. Those wishing to learn how to buy Battle Infinity tokens can read our beginner's guide. 

Visit Battle Infinity

4. Lucky Block - NFT Platform That Offers Access to Competitions and Rewards  

While Tamadoge and Battle Infinity are the best utility tokens from within the play-to-earn gaming space, Lucky Block is focused on NFT competitions. The concept here is that Lucky Block offers a range of competitions on the blockchain, which can be entered by purchasing and holding a relevant NFT. 

For example, a popular competition being run right now offers the chance to win a Bored Ape Yacht Club NFT. As of writing, this NFT carries a floor price is over $100,000, albeit, during the most recent crypto bull run, investors were paying over $1 million. Nonetheless, there are 10,000 NFTs attached to this Lucky Block competition. 

Once all 10,000 have sold out, the prize draw will be made. In the meantime, after buying an NFT, holders will receive passive income rewards via the LBLOCK token. Moreover, the rewards are paid indefinitely, long after the competition draw. Other notable competitions being run by Lucky Block as of writing include FIFA World Cup tickets and $1 million worth of Bitcoin. 

The LBLOCK token itself is also worth considering from an investment perspective. LBLOCK had a hugely successful ICO process earlier in the year. After raising over $5 million in presale funding, LBLOCk became the fastest cryptocurrency to hit a market capitalization of $1 billion. Those buying this top-rated utility coin now will, however, pay 95% below its previous all-time high. 

For more information on how to buy LBLOCK tokens, consider reading our beginner's guide. 

Visit Lucky Block

5. DeFi Coin - New DEX That Offers Utility via Staking and Yield Farming      

Another low-cap gem that offers a variety of utility benefits is DeFi Coin. This cryptocurrency is also fairly new, with the project being founded in late 2021. DeFi Coin is the native utility token of the DeFi Swap exchange, which is currently in the final stages of development. The DeFi Swap exchange will offer a range of ways to generate passive income.

This includes a user-friendly staking tool that eventually, will support the vast majority of cryptocurrencies across many different blockchain networks. Multiple staking options will be provided, from 30 days up to a year. Alternatively, investors might also consider using DeFi Swap to access its yield farming tool. 

This will provide liquidity to the DeFi Swap exchange so that investors can buy and sell tokens without needing access to market participants or traditional order books. In return, liquidity providers will earn a share of the revenue generated from DeFi Swap trading commissions. Additional features are being built into the DeFi Swap, which will add further utility for DeFi Coin. 

Another major benefit of investing in DeFi Coin is that as of writing, the project has a market capitalization of under $1 million. Considering how big the decentralized finance industry is expected to grow in the coming years, this offers a highly attractive entry point. DeFi Coin can be purchased from PancakeSwap in exchange for BNB.   

Visit DeFi Coin Now

6. MANA - Native Token of the Decentraland Metaverse World      

Another area that the best utility coins play a major role is in the metaverse. One of the best metaverse coins in this regard is MANA, which backs the Decentraland ecosystem. As we briefly noted earlier, MANA is the native digital currency of the Decentraland metaverse and it is required to access the many products and services on offer. 

For example, one of the most popular aspects of Decentraland is that users can purchase virtual real estate within its metaverse, in exchange for MANA. The price of each plot will vary depending on market conditions and the location within the metaverse. For instance, buying land close to Paris Hilton or Snoop Dogg will come at a huge premium. 

Nonetheless, as per the current bear market, there are some great deals to be had. MANA is also used to access play-to-earn games within Decentraland, in addition to buying and selling NFTs. More utility is expected as the metaverse concept becomes more mainstream. In the meantime, MANA can be purchased at a huge discount when compared to its former peak price. 

For example, while MANA hit an all-time high of $5.90 in November 2021, as of writing nearly a year later, the same utility coin can be purchased at just $0.63. This means that by investing in MANA and the broader Decentraland metaverse at this moment in time, a cost-price discount of nearly 90% can be achieved. 

Buy MANA on eToro

Crypto assets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

7. Ethereum - Utility Token That Backs Thousands of ERC-20 Standard Projects

It could be argued that Ethereum is one of the best utility tokens in this marketplace. Put simply, thousands of tokens are built on top of the Ethereum blockchain via the ERC-20 standard. This means that in order to send and receive funds, each respective project will be required to pay transaction fees in ETH. 

Furthermore, ETH is required when deploying smart contracts - whether that's initiated by Ethereum itself or by one of the many thousands of ERC-20 tokens. The previously discussed MANA, for example, is built on top of Ethereum, as are many other leading metaverse projects - such as Battle Infinity, the Sandbox, Enjin, ApeCoin, and Axie Infinity. 

Over the course of time, this will ensure that Ethereum remains relevant as an in-demand utility token. Ethereum is also attractive right now considering that it has finally completed its merge to proof-of-stake. This will ensure that it has the capacity to handle transactions in a scalable and low-cost manner, which wasn't the case prior to the merge. 

In terms of pricing, Ethereum is yet another cryptocurrency that has been hit hard by the bear market. Compared to its prior all-time high of over $4,900, Ethereum is, as of writing, trading at a discounted price of $1,300. This translates to a price discount of over 70% making it one of the best cryptos to buy right now.

Buy Ethereum on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply. 

8. XRP - Provides Utility for the Ripple Interbank Payments Network    

Although the US Securities and Exchange Commission disagrees, we would argue that XRP is one of the best utility tokens to explore. After all, XRP sits at the heart of the Ripple interbank payments network, which enables financial institutions to transact across borders in a low-cost and fast way. 

In fact, when cross-currency transactions are required, XRP forms a bridge of liquidity. This ensures that transactions do not need to go through correspondent banks - which are both slow and expensive. With that said, XRP is really only suitable for banks and financial institutions, as opposed to offering any utility for consumers. 

Nonetheless, XRP is a large-cap utility token that can be purchased from dozens of leading exchanges. Its value of writing is just a fraction of the all-time high that it achieved during the bull market of 2017/18. At current pricing levels, XRP is trading at 85% lower than its former peak of $3.84. This could appeal to those in the market for the best long-term crypto to hold. 

Buy XRP on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

9. BNB - Proprietary Token of the Binance Smart Chain Ecosystem      

BNB is perhaps one of the best utility coins in terms of its historical growth trajectory. When this digital asset was launched in late 2017, it was trading at just $0.11 - as per CoinMarketCap. During the most recent bull market, BNB was trading at highs of almost $670. Put simply, this amounts to end-to-end growth of over 600,000%. 

The price of BNB, like the vast majority of this industry, is now available to buy at a huge discount of nearly 60%. In terms of its utility, BNB sits at the core of the Binance ecosystem. It is the native digital currency of the Binance Smart Chain, which hosts thousands of tokens. In a similar nature to Ethereum and ETH, all Binance Smart Chain transactions must be paid in BNB. 

Moreover, the vast bulk of tokens that are listed on the Binance Smart Chain are paired with BNB. This means that in order to buy the token, investors must first obtain BNB before completing the swap. BNB also enables traders on Binance - which is by far the largest crypto exchange for volume, to access a reduction in commissions. 

Buy BNB on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

10. Basic Attention Token - Incentivization to use the Brave Browser       

Basic Attention Token is another option to consider when compiling a short-list of the best utility tokens. This project offers an innovative concept that enables consumers to earn crypto simply for using the Brave web browser - which is backed by the Basic Attention Token project. 

The idea is that Brave browser ensures that consumers receive a share of any marketing campaigns that they are involuntarily accustomed to. For example, this could be an advert that appears when watching a video or a pop-up notification. Either way, Brave rewards consumers for their time via BAT tokens. 

This concept is sustainable, considering that Brave simply directs marketing campaigns to the right people. As such, this benefits marketers, as they can be sure that their paid advertisements are being shown to relevant audiences. While BAT has also been hard by the crypto winter, it is still trading 70% higher than its initial launch price in 2017. 

Buy BAT on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

11. 1inch - DEX Aggregator Offering Traders the Most Favorable Price    

1inch is another stakeholder in the decentralized exchange industry that is worth keeping an eye on. The overarching concept of this utility project is that it has the capacity to aggregate pricing data across multiple DEXs. 

This means that when a user wishes to buy a specific coin, they can head over to 1inch and get the best price possible. The underlying technology ensures that from the perspective of the trader, it's just a case of connecting a wallet to the 1inch platform. 

The 1inch token itself provides utility as a governance coin, which enables holders to vote on key proposals. The value of 1inch is directly correlated to the growth of its exchange. As of writing, however, 1inch is trading with a market capitalization of just $350 million. 

Buy 1inch on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

12. ApeCoin - In-House Currency in the Otherside Metaverse     

There is often a misconception that ApeCoin is just another meme coin without any real-world utility. After all, this project is backed by the team that created the Bored Ape Yacht Club NFT series, which, although valuable, certainly doesn't have any intrinsic value. 

However, in the case of ApeCoin, this ERC-20 token is the native utility token of the Otherside metaverse. Otherside is looking to compete with the two leading metaverse projects in this space - Decentraland and the Sandbox. 

Whether or not it is able to achieve this goal remains to be seen. We do, however, know that Bored Ape Yacht Club NFTs were purchased and proudly displayed as a Twitter profile picture by many celebrities, some of which paid over $1 million. 

As a result, if ApeCoin and the Otherside are able to generate the same sort of traction during the next bull market, this could bode extremely well for this utility token. 

Buy APE on eToro

Cryptoassets are highly volatile and unregulated. No consumer protection. Tax on profits may apply.

What are Utility Tokens?

Although somewhat of a subjective term, utility tokens generally refer to cryptocurrencies that have an actual use case, which can come in many forms.

  • Dash 2 Trade's native token D2T will enable holders access to its analytics platform through a monthly subscription, while RobotEra's TARO is a rewards, staking and governance token that can be earned in a variety of ways in its P2E and metaverse game.
  • Similarly, DeFi Coin enables holders to earn interest on the DeFi Swap exchange and ETH is the proprietary transactional currency for thousands of ERC-20 tokens. 

Crucially, utility tokens should be differentiated from meme coins that offer no actual long-term value. This is unfortunately the case for many thousands of projects in this space - many of which are simply meme coins that are bought and sold for speculative reasons. 

Crypto Utility Explained

Understanding the concept of crypto utility tokens can be complex at first glance. As such, in this section, we will give some real-world examples of how cryptocurrencies can be used for utility purposes. 

Play-to-Earn Rewards

One of the most notable aspects of a cryptocurrency utility coin is that it can operate as a native token within a play-to-earn gaming ecosystem. 

This incentivizes people to play the game, as this enables players to win real-world crypto rewards. In turn, this will attract more players, and thus - the value of the token can react positively. 

Two of the best play-to-earn utility tokens that we came across during the research process are RobotEra's TARO and TAMA, which is a reward in the Tamadoge ecosystem. 

Investing in the Metaverse 

As noted earlier, many metaverse projects have their own utility token - ranging from the Sandbox (SAND) and Decentraland (MANA) to the Otherside (APE), while our top metaverse project is RobotEra (TARO) which has just launched its presale.

In order to buy virtual plots of real estate within the respective metaverse world, payment must be conducted in the utility crypto token that backs the project. 

NFT Rewards and Trading 

Many NFT projects in the crypto space have their own utility token. 

For example, in order to access the IBAT Premier League on Battle Infinity, players must first purchase an NFT pass. Payment in this regard must be made in IBAT tokens. 

Similarly, when entering competition platforms on Lucky Block, NFT holders are rewarded with ongoing rewards - paid in LBLOCK. 

Transactional Currency

The most popular blockchain networks in this space have their own utility token that is required when sending and receiving funds. 

In other words, transaction fees that are paid to miners are funded in the respective token. 

For example, the many thousands of ERC-20 tokens built on the Ethereum blockchain must pay fees in ETH. Transactions on the Binance Smart Chain are paid in BNB. 

This ensures that the utility token backing the blockchain network has a real use case. 

Passive Income

There are some utility tokens that enable holders to earn passive income. For example, DeFi Coin enables investors to generate rewards via staking and yield farming on the DeFi Swap platform. 

Moreover, from an investment perspective, DeFi Coin enables investors to gain exposure to the growth of the DeFi Swap exchange.  

Are Utility Tokens a Good Investment?

Still wondering whether or not utility tokens represent a viable investment? The key thing to remember is that there is no guarantee that any crypto asset - whether it's a utility token or a meme coin, will generate investment gains. 

However, utility tokens - at least in theory, provide an actual use case. This means that it could be argued that the best utility tokens in this industry provide solutions to problems.

  • For example, XRP provides much-needed liquidity when banks transact in competing currencies, and BAT enables consumers to earn a share of any marketing campaigns that they are accustomed to. 
  • Similarly, TARO will be earned by players of RobotEra in a variety of ways - from staking to selling billboards to advertisers in the metaverse - and can then be traded on exchanges or used to buy other in-game assets. 

However, knowing which utility tokens to buy and hold is the tricky part. As a result, seasoned investors will often build a highly diversified portfolio of different utility tokens to help smooth out the risk.  

Conclusion

This market insight has explored the best utility coins to consider buying today. 

While crypto assets in general are high-risk financial instruments, the current bear market does offer an attractive entry point for both new and experienced investors. 

One of the most promising cryptos with utility is D2T - the native token of a revolutionary new crypto trading platform, Dash 2 Trade, which aims to help investors and traders maximize profits.

Visit Dash 2 Trade Now

FAQs

What are some examples of utility tokens?

A utility token offers holders a real-world use case. A prime example of this is BNB, which fuels the Binance Smart Chain and offers discounts to traders on the main Binance exchange. Dash 2 Trade (D2T) is another example of a utility token, which is the native reward currency of a revolutionary trading platform.

What is a utility token in crypto?

In its most basic form, utility tokens are cryptocurrencies that represent real-world value, because they provide holders with a use case. This is in stark contrast to a meme coin like Dogecoin, which is typically purchased for speculative reasons only. 

Which coins have the most utility?

Many would argue that ETH has the most utility, considering that it is the required transactional currency for thousands of ERC-20 tokens. Moreover, ETH is used to power smart contract agreements. Many other utility tokens exist, including but not limited to D2T, TARO, TAMA, IBAT, XRP, BNB, and MANA. 

Is Shiba Inu a utility token?

On the one hand, Shiba Inu (SHIB) was originally created in 2020 as a direct competitor to Dogecoin's status as the de-facto meme coin. However, considering that Shiba Inu has since created a metaverse ecosystem, SHIB is now arguably a utility token. The reason for this is that when buying virtual plots of land within the Shiba Inu metaverse, SHIB is the primary currency of choice. 

What are the best utility tokens?

Some of the best utility tokens to consider for long-term growth include Dash 2 Trade (D2T) and RobotEra (TARO). Dash 2 Trade is a crypto analytics platform that aims to help traders and investors maximize returns, while RobotEra is a P2E and metaverse game that rewards players in a variety of ways.