The Ethereum network created the ERC20 standard to make new tokens easier without starting over again by using smart contracts, also called utility tokens, while maintaining uniformity in the code. As a result, many platforms and companies have created tokens used for various purposes.

Our guide provides a list of the top ERC20 coins in Australia. In addition, we will discuss the specific features of each coin and the reasons it would make a good investment.

Best ERC20 Coins Australia List 2023

Listed below are the top 10 ERC20 coins on the Australian market as of 2022; we will discuss how to purchase these coins in more detail later.

1. Lucky Block – The Best ERC20 Token To Invest In Australia
2. Chainlink – ERC20 Token That Integrates Off-Chain Data
3. Shiba –The Meme Coin Available In The All Ethereum System
4. The Sandbox – Design 3D Articles
5. OX – The Most Popular ERC20 Token In Australia With The Lowest Market Cap
6. Decentraland – Purchase And Sell Virtual Reality Applications
7. Maker – The Top-Priced ERC20 Token In The Market
8. Uniswap – Decentralized Exchange For Cryptocurrencies
9. Loopring –The Best ERC20 Token In Australia With Zk-Rollup Technology
10. OmiseGO – The Best Interoperability Project

A Closer Look At The Best ERC20 Tokens To Invest In

As we continue, we will analyze the top 10 best ERC20 coins available in Australia, including their prices, market capitalizations, and project characteristics, so that you can gain a deeper understanding of them.

1. Lucky Block – The Best ERC20 Token To Invest In Australia

This project is envisioned as a worldwide lottery that utilizes blockchain technology based on the Binance smart chain. Along with developing greater transparency and fairness in gaming, Lucky Block will also provide token holders with a viable investment strategy and contribute to the community.

Lucky Block is one of the most popular cryptocurrencies launched this year, and it offers a variety of ownership benefits and appreciation potential. Furthermore, a few interesting updates are planned for Lucky Block shortly, so now might be the perfect time to add it to your portfolio.

To operate the platform, Lucky Block uses its native token, LBLOCK. Tokens are used, among other things, to pay for lotto tickets and distribute prizes on Lucky Block.

It is estimated that the current market value for Lucky Block tokens is $0.001954 based on their initial introduction in 2022 at $0.0009235. The current market capitalization of Lucky Block is $72,763,204, with 37,23 billion tokens in circulation

Your capital is at risk.

2. Chainlink – ERC20 Token That Integrates Off-Chain Data

As one of the first networks to integrate off-chain data into smart contracts, Chainlink is a pioneer in this field. It was founded by Sergey Nazarov and Steve Ellis in 2019. As a result, many trusted companies have partnered with Chainlink. In addition, due to its integration of off-chain data, many trusted data providers have gained attention, including Brave New Coin, Alpha Vantage, and Huobi.

The Chainlink Network is driven by a large community of open-source contributors – including data providers, node operators, smart contract developers, researchers, auditors, and others. Using Chainlink, blockchains can securely interact with external data feeds, events, and payment methods. Further, it provides the information necessary for complex smart contracts to become the predominant form of digital agreements.

In exchange for retrieving and preparing off-chain data and performing computations, Chainlink network operators are paid in LINK tokens. They operate on a decentralized oracle network, so the operator must stake their LINK tokens.

Chainlink tokens have been in circulation since 2017, when they were first introduced for $0.1262; its current value is $13.38. There are currently 467,009,549.52 tokens in circulation, and Chainlink has a market capitalization of $6,251,611,408.

Your capital is at risk. You should consider whether you can afford to take the high risk of losing your money.

3. Shiba –The Meme Coin Available In The All Ethereum System

Shiba Inu is one of the pioneering crypto-assets designed for charity donations. It’s known as SHIB and is built on the Ethereum blockchain. The result is that SHIB can be used by the entire Ethereum ecosystem, such as decentralized marketplaces and production platforms. The creator of this game is an anonymous individual known as Ryoshi.

The SHIB token falls under the meme tokens category, a controversial and successful cryptocurrency token. In addition to its original purpose, the token currently serves as a meme token that has developed a decentralized ecosystem similar to the DOGE meme coin. Nevertheless, it became famous after Vitalik Buterin burned his stake in SHIB when Ryoshi gave him 50% of the Shiba Inu supply, which was then consigned to the decentralized cryptocurrency exchange Uniswap.

At present, there are one billion coins in circulation, and its market capitalization is $13,226,342,081.90.

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4. The Sandbox – Design 3D Articles

Initially, this project launched in 2021, focusing on games for mobile phones that would compete with Minecraft. The creators have become interested in the world of blockchain technology, with a particular focus on NFTs in search of new and unique games. All of this began with the launch of a project called The Sandbox in 2018 and its original token called SAND. The goal was to create a metaverse powered by smart contracts on the Ethereum network.

The game is currently based on the Sandbox team’s editing software, allowing gamers to design 3D objects such as characters, costumes, buildings, and vehicles.

The Sandbox’s full functionality is made possible by Ethereum smart contracts, the NFT system, tokens, and blockchain interaction. At present, there are about 900 million SAND cryptocurrencies in circulation.

Your capital is at risk. You should consider whether you can afford to take the high risk of losing your money.

5. OX – The Most Popular ERC20 Token In Australia With The Lowest Market Cap

Will Warren and Amir Bandeali developed 0x in 2016 as a standard protocol for Ethereum. In addition to tokenized assets, the exchange offers investors access to stocks, real estate, and items from video games. Furthermore, ZRX tokens are used in the network to pay trading fees, and holders can influence the network’s governance.

As part of the 0x protocol, liquidity providers are rewarded with ZRX tokens, motivating market makers (relayers) to provide liquidity. Moreover, a protocol fee is payable in Ether (ETH) to cover the cost of gas used in all transactions. However, due to its open-source status, 0x doesn’t receive a share of these revenues. Nevertheless, it’s financed by ZRX tokens unlocked by the team and developers and its initial ICO funding.

Since 2017 when ZRX tokens were first introduced at $0.3296, their market value is currently $0.8194. There are 847,496,054.80 ZRX tokens available on the market, and ZRX has a market capitalization of $693,665,856.

Your capital is at risk. You should consider whether you can afford to take the high risk of losing your money.

6. Decentraland – Purchase And Sell Virtual Reality Applications

Decentraland, the platform founded by Ari Meilich and Esteban Ordano, was launched in 2015. Due to a global network, users can buy, sell, and manage virtual reality applications on this platform to promote more people to build and operate on it.

Its original token is called MANA, and this token can be used to purchase LAND, a non-fungible digital asset held in an Ethereum smart contract.

Additionally, the MANA currency can also be used to compare avatars, among other things. Finally, the virtual world lets members purchase plots, which they can build, manage, and navigate.

Approximately 2.8 billion MANA tokens were in circulation as of September 2017. MANA coins are limited to 2.2 billion; together with the set amount of LAND tokens, this has been designed to prevent asset devaluation in Decentraland that is uncontrollable.

Your capital is at risk. You should consider whether you can afford to take the high risk of losing your money.

7. Maker – The Top-Priced ERC20 Token In The Market

Maker was founded in 2014 by Rune Christensen in California. This platform is a decentralized autonomous organization (DAO). In many ways, it is one of the earliest projects in the movement known as decentralized finance, which aims to develop decentralized financial products built on top of smart contract-enabled blockchains such as Ethereum.

Along with providing voting rights and facilitating the payment of fees and interest on the platform, Maker’s main purpose was to stabilize the DAI token price at $1 for the project’s duration and manage the Dai Credit System. As a result, MKR tokens’ value is affected by the potential to manage one of the largest stablecoins available on the market, consequently driving their demand.

Maker tokens have been in circulation since 2017 and were first introduced at $21.56. They are estimated to be worth $1,753.87 at present. There are 977,631.04 tokens in supply, and the market capitalization of Maker is $1,714,707,485.

67% of retail investor accounts lose money when trading CFDs with this provider. 

8. Uniswap – Decentralized Exchange For Cryptocurrencies

UniSwap is a decentralized cryptocurrency exchange (DEX) based on the Ethereum blockchain. Its native currency is the UNI.

UniSwap’s protocol differs from centralized cryptocurrency exchanges (CEXs) such as Binance and Coinbase because it uses smart contracts to promote ERC-20 token trading and functions as an automated market maker. In addition, Uniswap pioneered an automated protocol to streamline trading because of its innovative approach to liquidity.

The UniSwap protocol allows all ERC-20 tokens to be swapped on the Ethereum blockchain. Unlike centralized exchanges, tokens can be exchanged on Uniswap without platform fees and intermediaries, which charge transaction fees.

UniSwap uses the automatic market maker (AMM) algorithm to match orders. However, most decentralized platforms do away with the conventional order book with the AMM model, including all buy and sell orders. Instead, AMMs generate liquidity pools with smart contracts instead of fixing the current market value of an asset.

67% of retail investor accounts lose money when trading CFDs with this provider. 

9. Loopring –The Best ERC20 Token In Australia With Zk-Rollup Technology

Loopring was founded in 2017 by former Google software engineer Daniel Wang in China. Loopring plans to combine centralized order matching and decentralized on-blockchain order settlement into a hybrid product that combines the best centralized and decentralized exchanges to improve order execution efficiency and enhance liquidity at DEXs.

Using Zero-Knowledge Rollups (zkRollups), Loopring claims that its platform eliminates the slow speeds and high transaction costs associated with cryptographic transactions. As well as facilitating anonymous transactions, it provides a means of authenticating information without divulging individual details.

An initial coin offering in 2017 raised 120,000 in ether, valued at around $45 million; Loopring tokens went on sale for $0.9288, and their current market value is estimated at $0.8998. Additionally, the company has a supply of 1.33 billion tokens and a market capitalization of $1,198,467,716.

67% of retail investor accounts lose money when trading CFDs with this provider. 

10. OmiseGO – The Best Interoperability Project

OmiseGO (OMG) is a payment protocol that aims to integrate the world of cryptocurrency payments with that conventional payments, using a single, high-speed interface that allows banks, businesses, exchange houses, and customers to use their digital currencies and fiat money with full interoperability.

The story of OmiseGO begins in Bangkok, Thailand, with the launch of Omise in 2013, a financial technology company. At the time, Omise intended to create digital payment systems that would serve the unbanked throughout Asia.

OmiseGo is a simple project that involves the creation of a digital wallet that is decentralized, open-source, and highly scalable. The system allows real-time transactions on the Ethereum (ETH) blockchain using ERC-20 tokens decentralized peer-to-peer (P2P). In addition, OMG users and developers will have access to Omise’s financial services.

67% of retail investor accounts lose money when trading CFDs with this provider. 

What Is The Best ERC20 Coin To Buy In 2022?

LBLOCK token is the first cryptocurrency to reach $1 billion in market capitalization within the first month, with over 40k+ holders within that same month and raised $5.8 million during the four-week pre-sale period fastest-growing cryptocurrency in history. Lucky Block is also a cheap cryptocurrency with high upside potential.

The most important thing to remember is that because Lucky Block is built on the blockchain protocol, all games are based on smart contracts, which guarantees randomness and legitimacy. The company’s main goal with Lucky Block is to revolutionize the global lottery sector by using two emerging technologies – blockchains and smart contracts.

As for Lucky Block – a larger portion of collected proceeds is allocated to jackpot prizes, which means players receive more favorable odds. As a result, stakeholders worldwide will be able to engage in lottery games through Lucky Block, rather than only playing games in their own countries.

How To Buy Lucky Block

Here we explain how you can buy the token and become a part of one of the most interesting coins on the market today and be a member of the community that takes advantage of this wonderful ERC20 token.

Step 1: Download Trust Wallet

First, it is necessary to download a cryptocurrency wallet that can interact with the Binance blockchain since Lucky Block is a part of this blockchain. There are a variety of cryptocurrency wallets with this feature, but we recommend Trust Wallet as the best choice.

Cryptoassets are a highly volatile unregulated investment product.

Step 2: Transfer BNB

The next step is to acquire some BNB. To invest in LBLOCK, you will need to transfer funds to Trust Wallet, which an external agent can do. Now, transfer the funds to your crypto wallet. Trust Wallet can be used with a credit or debit card for this process.

Step 3: Connect Trust Wallet To PancakeSwap Exchange

You need to connect your wallet to PancakeSwap by visiting the PancakeSwap website and clicking on the “Connect Wallet” button. Next, follow the prompts to select Trust Wallet. In the final step, confirm that PancakeSwap can use your account, and you can move on.

Step 4: Paste The Lucky Block Contract Address

You now need to specify the project contract when searching for Lucky Block. The PacakeSwap platform supports several tradable tokens. You can also purchase it directly from Lucy Block’s website.

Step 5 – Buy Lucky Block Token

The only thing you need to define is the amount of BNB needed to exchange for the Lucky Block token. LBLOCK tokens are normally transferred manually to your wallet.

You can start using the Lucky Block platform and place bets simultaneously by following these steps.

Cryptoassets are a highly volatile unregulated investment product.

What Is An ERC20 Coin?

The Ethereum Request for Comments (ERC20) is the standard that governs Ethereum. A smart contract that implements Ethereum functions and events has a unique identification number of 20 that distinguishes it from other standards.

As a general rule, an ERC20 token can be thought of as a smart contract with a predefined data structure; the effort is intended to facilitate the implementation of various functions on the Ethereum blockchain and make developer work easier.

The ERC20 standard aims to create a standard that enables greater interoperability and compatibility among tokens and improvements to the Ethereum ecosystem. For example, solidity or the EVM virtual machine creates a multifunctional system that other applications can repurpose due to its standard interface.

To qualify as ERC20 tokens, they must meet a series of requirements. We will use the ChainLink token as an example to illustrate the characteristics of an ERC20 token. We have listed the main ones below for your familiarity,

• Tokens within the Ethereum blockchain are identified and differentiated by a name, identifier, and symbol. For example, ChainLink Token has the symbol LINK.
• Controls basic economic aspects of its issuance, such as the decimal precision and the number of tokens minted. There are 18 decimals in ChainLink and 1,000,000,000 total tokens.
• It provides an interface for controlling and reviewing the balance of the addresses of its owners. In this way, the token can report the number of funds contained in a specific address.
• Due to its functions for handling funds transfers, it can also handle the transfer system natively.
• It is also possible for a token to withdraw partial amounts from a single address autonomously. As an example, you may withdraw 500 LINK from someone’s account; you may withdraw part-by-part, 200 LINK in one withdrawal, 100 LINK in another, and 200 LINK in another, provided you do not exceed the initial withdrawal amount.

Currently, ERC20 tokens are among the most popular tokens in the cryptocurrency industry, and many ERC20 tokens are being created. The Etherscan page allows you to see how many tokens there are and additional information about each token, including transfers, holders, information, DEX trades, contracts, analytics, and comments.

 Are ERC20 Tokens A Good Investment?

In general, ERC20 tokens are seen as a good investment because, for example, they save a lot of time and resources since they leverage a network that already exists, and that is Ethereum. In addition, with smart contracts, tokens are more secure because more tokens mean more demand. As a result, they are less vulnerable to potential fraud.

A second reason to consider them a good investment is that ERC20 tokens have high liquidity because they serve as a working basis for existing blockchain projects.

Even if they are considered a good investment right now, that doesn’t mean the market won’t change shortly. For this reason, it is important to always review the market behavior of ERC20 tokens before making any investments.

Additionally, there is always a latent risk of loss when making any investment, so we recommend investing with great caution.

Best Platforms To Buy ERC20 Coins In Australia – Step By Step Guide

Now that you know what ERC20 coins are, you might wonder how to obtain them. Unfortunately, lucky Block is unavailable on eToro, but the other 9 options in our top 10 are available with 0% commission. In the following review, we will examine the recommended broker, eToro. It is the best place to buy ERC20 coins in Australia.

eToro – Overall Best Place To Buy ERC20 Coins In Australia

eToro is the leading exchange for ERC20 tokens, with over 20 million users rating it the best in the market. Withdrawals and deposits in dollars will be completely commission-free on this platform. A minimum deposit of around $10 is required on this platform to get started.

Additionally to ETFs, this platform offers various cryptocurrencies and stocks.

In addition to the copy trading function, eToro’s interface is very simple and practical for novice investors who may be unfamiliar with the platform. Due to these two features, trading with eToro is very attractive.

Furthermore, eToro offers the possibility of interacting with other users, leaving comments, and interacting with each other. Therefore, it is a great way to learn about new investment strategies. That must be one of the reasons eToro is so successful compared to all other platforms.

Due to its regulated status has a verification process for its registered users and multiple deposit options.

How To Buy ERC20 Tokens – eToro Tutorial

If you’re interested in opening an account with eToro now that you know more, you may wonder how to do it. We will explain how to create an account in the following section and how you can purchase ERC2O tokens.

Step 1: Open An Account

The registration process begins by providing basic information such as your full name, phone number, and email address. You must also choose a username, password, and residence address to access your account.

75.3% of retail accounts lose money when trading CFDs with this provider. Consider whether you can afford to take the high risk of losing your money. 

Step 2: Upload ID

You must attach some documents, either your passport, driver’s license, or ID. The verification process doesn’t take more than a minute to avoid fraud.

Step 3: Deposit Funds

The initial deposit for eToro is $10, and there is no commission. You can complete this process with either a credit card or a debit card.

Step 4: Buy ERC20 Tokens

You can now view the application form with ERC20 tokens. After that, you need to go to the “Amount” section on the screen to set the value used; this is done in dollars.

75.3% of retail accounts lose money when trading CFDs with this provider. Consider whether you can afford to take the high risk of losing your money.

Conclusion

Now that you have been provided with all the information about the top ERC20 coins and their characteristics, you are prepared to invest accordingly. Lucky Block is the best cryptocurrency coin launched in 2022 due to its characteristics and great reception since its launch, breaking records globally and becoming the fastest-growing cryptocurrency coin in history.

ERC20 coins can be purchased with etoro, a trusted and secure broker with a long history. The platform also offers copy trading tools, education, customer support, and a demo account to help you get started. It only takes $10 to get started, and there are no commission charges.

Lucky Block – Overall Best ERC20 Token To Invest In Australia

Cryptoassets are a highly volatile unregulated investment product.

FAQs

What tokens are ERC20?

An ERC20 token is a digital asset designed, issued, and used, but it only interacts with the Ethereum blockchain. These tokens are usually backed by a smart contract that keeps track of their transactions.

How many ERC20 tokens are there?

According to Etherscan, 518,530 token contracts have been created

Where can I buy ERC20 tokens?

You can buy ERC20 tokens at eToro, our recommended broker, with a $10 deposit and on a secure platform regulated by the FCA, ASIC, and CySEC.

How much are ERC20 tokens worth?

LBLOCK token prices can vary greatly over time, but when writing this guide and reviewing the best ERC 20 tokens, we see that the token price is $0.001964 with a market cap of $73,132,531.