ERC20 Token List 2018 — Top 5 — Use Your Ether Wisely!
In this post I will talk about my Top 5 ERC20 Token List 2018.
Before I continue, I would like to explain about ERC20 Token to make sure that those who don’t know about it yet, could understand this article.
What is ERC20 Token?
Ethereum allows developers to build decentralized applications on top of Ethereum platform. With Ethereum, you can create Cryptocurrency contract that is usually called token.
Tokens are smart contracts that can be bought, sold, and traded. ERC20 defines a set of rules for all Ethereum tokens to follow. It means that all the tokens released through an Ethereum Initial Coin Offering (ICO) should be ERC20 compliant.
If you have participated in an Ethereum ICO before, you would have known that you can purchase the ICO tokens with ETH contribution. However, if you did not purchase a token in an ICO, you can always purchase them in exchanges.
PS: Please take note that some ERC20 Tokens are just created in order to run an ICO, it may be changed into a new version of coin / token when the project’s blockchain is ready. I recommend you to join project’s Telegram group so that you can keep track of when the required “coin swap” is announced. “Coin swap” is a term when you need to change the current token you have to a new version token.
With the idea of ICO in mind, there are many opportunities to invest in early stages blockchains if we look into ERC20 Token List. Please remember that investing in ERC20 Token is riskier than investing in top 20 coins, but it could give you a greater reward if you know when to buy and when to sell.
Without further ado, here is my Top 5 ERC20 Token List:
Lamden is an Enterprise blockchain platform. It is on the top of my ERC20 Token List because of its future potential. If you are following the development of Enterprise blockchain platforms, you would know that it is growing really fast. Look at NEBL, NEO, EOS, and many more that allow people to build decentralized applications on top of them. Their market cap has grown a lot, because everyone is looking for the next Ethereum.
IF, and only if Lamden.io can deliver their promise, its TAU token is a good bet for you to invest long term.
Hawala Today is building great solutions to real problems. It is the second on my ERC20 Token List because of its rapid development and promising growth. Its price has grown by more than 2,000% in 2 months. This is not by coincidence, the team has been delivering the features on schedule, in fact they could be 2 quarters fast (Something they promise to be done at Q4 2018 could be finished by Q2 2018). Their Alpha staking wallet has been launched, so if you want to keep your HAT Token inside their Hawala Staking Wallet, you can receive 15% annual return.
Hawala Today is building a P2P Crypto-Fiat Exchange, Asset Management Service, and Cash Cards System. With the P2P Crypto-Fiat Exchange, you will be able to buy and sell your Crypto and Fiat easily with people nearby. With the Asset Management Service platform, you can make money by managing others’ investments. With cash cards, people from developing countries without a bank will be able to start buying vouchers, get their money into the app, and purchase Cryptocurrency.
NULS is based in China. NULS is number 3 on my ERC20 Token List. They have been said to be the next NEO. They are building a highly customizable modular blockchain infrastructure. It aims to lower down the cost of development, especially for Enterprise. Their market is similar to Lamden.io that I have mentioned. It will be interesting to see how this will play out. Please take note that currently NULS is using ERC20 Token, but once the main net is launched around May 2018, we will be able to swap our current ERC20 Token to a new coin that is based on their blockchain.
Dragonchain is number 4 on my ERC20 Token List. They are also building blockchain platform that is targeting Enterprise and Business. The difference is that they focus on protecting data, sensitive business logic, and smart contract functionality. This aligns with all for-profit business that wants to keep their intellectual property well. Similar with NULS, its ERC20 Token will be changed to their own coin once their platform is ready.
5. EOS.io (EOS)
EOS.io is number 5 on my ERC20 Token List. Similar with NULS and Dragonchain, you will need to do coin swap for its ERC20 Token and you can receive EOS once their platform is ready. EOS is a big deal. There is a huge community that is excited about its development. South Koreans are so hyped about EOS, South Korea is also one of the countries with the most Crypto investors. Recently, coinmarketcap.com removed South Korean prices from its calculation and the market cap of global Crypto in coinmarketcap.com dropped by more than $50 billion. This really shows how enthusiastic South Koreans are about Crpto, most of the coin prices are 20% — 30% more expensive in their exchanges. At this point, EOS has reached a market cap of $6 Billion with tens of thousands of people supporting it. It will be interesting to see how it plays out.
That’s it for my Top 5 ERC20 Token List 2018. I really hope you enjoyed it and happy investing! Follow me for more blog posts. :)
