The biggest gains in #Crypto will come from the best #Utility tokens.
Token #Utility is a brand-new concept that supercharges the growth & stability of a business.
Here are my top 10 #Utility tokens & why #Utility is KING.
(Some incredible unknown GEMS in this thread) 🧵👇
Token #Utility is a new concept that was born within #Web3.
The #Utility of a token is essentially what it can be used for.
Just like a traditional stock, a #Crypto token provides the holder with ownership.
But unlike a stock, it also provides an ACTUAL use case or function.
This increases the value of a token.
The best & most valuable tokens, therefore, are the ones that contribute an integral value to the operation of the project it represents.
If you hold a token that is VITAL to the operation of a $500bn project, you hold real value.
So many projects out there create a token that literally does nothing.
A token with no real #Utility will get dumped hard in the end because there is no reason to hold it.
A true, intrinsically linked #Utility token will be bought, used, and held, over and over.
The most common #Utility of a token right now is for payments.
Layer 1 networks such as Ethereum, Binance & Solana, for example, have a native token that is used to pay gas fees.
But IMO this is very low-level #Utility.
$USDC could technically be used for this.
The below 10 projects I've listed are all #Utility MONSTERS.
Their token #Utility has been designed so that it performs a vital operation that increases the value of the project.
The more a token is needed, the more it will be wanted = number goes up!
A strong #Utility creates & provides value in many ways:
- A solid use case for its network
- Obvious value to the holder of the token
- Adding game theory elements motivating quick adoption
- Creating sustainable PA because the token is held for a reason
My top 10 picks 👇
1. @Conste11ation $DAG
$DAG is the only true Layer 0 global network.
$DAG is essentially tokenised bandwidth. This means projects building on them have to hold and stake the $DAG token to be able to perform transactions.
The more $DAG held the more you can transact.
2. @AlkimiExchange $ADS
Alkimi is the world's first decentralised advertising exchange.
The $ADS token works in a similar way to $DAG.
Advertisers + Publishers that want to use the exchange have to hold $ADS. The more they hold, the more they can bid/transact/process data.
3. @TheopetraLabs $THEO
Theopetra is a #RWA project that is utilising #DeFi to tackle the housing affordability crisis.
The $THEO token is the gateway to affordable housing. Holders stake the $THEO token to gain access to different tiers that provide accessibility.
4. @EnterTheVoidNFT $ETV
Enter The Void is a smart NFT platform that has created logically programmable NFT's bringing intrinsic #Utility to NFT's.
This token is STRONG.
- Required for transactions
- Social engagement rewards
- Premium features
- Data type auditing
+ more
5. @JennyCoInc $JCO
Jenny Co is a Healthcare exchange the facilitates the providing and purchasing of healthcare data.
Their token has to be held or leased by users & healthcare corporations to provide and gain access to data.
Plus much more.
6. @MASQ_ai $MASQ
MASQ is a decentralised network that provides anonymity online within a global, uncensored internet.
The $MASQ token plays a crucial role in incentivising and rewarding participation in the MASQ Protocol.
- Access
- Governance
- Staking
- Rewards
7. @greenheart_cbd $CBD
Greenheart CBD is a decentralised CBD farming protocol.
They provide technology loans to farmers all around the world to transition into more profitable & sustainable farming.
The $CBD token's primary use case is to be staked in loan pools for farmers.
8. @MNWSupplyChain $MNW
Morpheus network is a global supply chain project that has utilised decentralised tech to completely revolutionise its efficiency, security and profitability.
The $MNW token is used to validate the network, automate all processes and notarise data.
9. @geojamofficial $JAM
GeoJam is a decentralised social media platform based around Creators and fans.
Creators can open staking pools, offering exclusive experiences. Users can stake(vote) with their $JAM tokens for what they think is the best idea.
Plus MUCH more.
10. @koinosnetwork $KOIN
Koinos is a fully decentralised, completely fee-less, Layer 1 network. They're going for mass adoption of blockchain tech.
The $KOIN token has a secondary part within it called MANA.
MANA is used up to power free transactions.
There are my top 10 picks guys.
I have many more, but I didn't want to make this thread too long.
I am 100% sure you will have suggestions for me, so please let me know in a comment what your favourite utility token is.
Appreciate you all!
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