TOP 5 ERC20 Token 🤩
ERC20

TOP 5 ERC20 Token 🤩


What can we tip on Publish0x? Right, we can tip ERC20 tokens like BAT and DAI. ERC20 tokens are tokens designed and used solely on the Ethereum platform. They follow a list of standards so that they can be shared, exchanged for other tokens, or transferred to a crypto-wallet. Let`s have a closer look at ERC20, so here are my TOP FIVE ERC20 tokens.

No. 5 DAI Stable Coin (DAI)

First of all, I have to admit that I had to think a long time if I should include DAI stable coin in this TOP 5 list. I finally decided to add this token to this Top Five list when I remembered what the guys from Publish0x were saying in their post about DAI as a new tipping option:

We have added DAI because we think it is probably THE best example of token utility on the etherereum network... It's important to note that this is NOT a "sponsorship". We haven't taken any payment from MakerDAO or DAI, we are just adding it and we are paying the DAI ourselves

DAI is a stable, decentralized ERC20 token that does not discriminate. Any business or individual can realize the advantages of digital money. Its $1 USD equivalent is maintained through automatic pricing mechanisms built into smart contracts. When DAI is worth more than $1, the smart contract pricing mechanisms work to decrease the price. Conversely, when DAI is worth below $1, the smart contract pricing mechanisms work to increase the price.

No. 4 Kyber Network (KNC)

Kyber Network’s on-chain liquidity protocol allows decentralized token swaps to be integrated into any application, enabling value exchange to be performed seamlessly between all parties in the ecosystem. Tapping on the protocol, developers can build payment flows and financial apps, including instant token swap services, erc20 payments, and innovative financial dApps.

No. 3 Request (REQ)

The Request Network is a decentralized network for payment systems. It is built on the Ethereum Blockchain. Anyone can request a payment from someone else, regardless of location.

Payments can be made directly by the other party without a third party and in a secure environment. Thanks to the Ethereum Blockchain, payments are unchangeable and secured, which also makes it possible to make accounting safer and easier. 

The request network works (in the future) with any currency, which means that the recipient can, for example, request payment in Bitcoin or Ether and the sender can pay in Euros or YEN.

The exciting thing about Request Network, which is also called PayPal 2.0, are the options of different applications. Request is not alone in its efforts to break PayPal's quasi-monopoly. OmiseGo has a similar approach. The Coins Populous and TenX approach this topic differently, but there could also be competition here. Surely the strongest opponent is still PayPal itself. However, if the team offers the better alternative, it looks very good for the forecast.

If you like to know more about Request please read one of my previous posts "Request (REQ) - The New Paypal 2.0? 🤔"

No. 2 Chainlink (LINK)

ChainLink is a company that acts as an intermediary between blockchain smart contracts and traditional non-blockchain applications such as website APIs, databases and payment processing systems. The company is the interface between blockchain and classic payment systems such as SWIFT, Visa, Mastercard or PayPal. The node operators extract data from off-chain systems and convert them into blockchain-compatible formats. ChainLink's native token is an ERC-20 token called LINK. It is used to pay the node operator.

The most important reason for LINK being a TOP ERC20 token is that it is filling a gap, the gap between off-chain systems and blockchain systems. Not many ERC20 tokens are having such an important function.

Honorable Mentions

Before I reveal my personal number one, here are some honorable mentions:

Aragon (ANT)

Aragon (ANT) is a decentralized platform built on the Ethereum network that offers a modularized way to create and manage dApps, cryptoprotocols, and decentralized autonomous organizations (DAO). The ANT ERC-20 token will enable its holders to govern the Aragon Network.

Status (SNT)

Status is an open-source, decentralized messaging platform, a non-custodial crypto wallet, and a web 3.0 browser. It has been designed to act as a network node that interacts with decentralized applications (DApps) that run on the Ethereum network.

For more information about Status, please read "A Trend Of The Future - Why Status (SNT) Will Be Mooning 🚀 THIS YEAR!"

OmiseGo (OMG)

OmiseGo enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies running on the Ethereum blockchain. Designed to enable financial inclusion and disrupt existing institutions, access will be made available to everyone via the OmiseGO network and digital wallet framework.

No. 1 Basic Attention Token (BAT)351665157-2a077a3c77df32f33bcc08358de6dbb756385246f6a8dc52af70b7d6cd129ece.png

I am a big believer in Brave and BAT and I am quite confident that most of you are also convinced by the benefits of the Brave System. 

The Basic Attention Token (BAT) uses the Ethereum Blockchain and it`s  Brave Browser, a specialized web browser that hosts BAT as a native currency with access to a variety of advertising services.

BATs are designed for the exchange between users, advertisers, and publishers. They enable advertising companies to commercialize user attention.

Everyone can simply earn some BAT just by installing and using the Brave Browser.

The BAT ecosystem is very active, for example, the project has a broad network of users, publishers, advertisers, and partners.

BAT's token economy is pretty solid and the roadmap is detailed and transparent. That`s why BAT enjoys a first-mover advantage in its niche and has significant opportunities to dominate the advertising market due to competition from emerging blockchain projects. In addition, BAT can also take a bite out of the market from traditional industrial companies.

For this reason, the Basic Attention Token is my personal number one ERC20 token!

I hope I could provide you with some interesting and useful information.

Thank you guys for reading, liking, following, and tipping 👍

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Goodbye Project HYDRO 😭


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