Best ERC20 Coins Australia 2023 – Pros & Cons

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 some of the top ERC20 coins on the Australian market as of 2023; we will discuss how to purchase these coins in more detail later.

1. Wall Street Memes – Meme-based ERC-20 token which has a capped supply of 2 billion coins
2. Sonik – the newest ERC20 token
3. Launchpad XYZ – An innovative, feature-rich platform that supports Web3 adoption
4. Chimpzee – A new ERC20 token that fights against climate change and offers rewards to everyone who joins it
5. BTC20 – A new cryptocurrency and one of the best ERC-20 tokens
6. Uniswap – Decentralized Exchange For Cryptocurrencies

A closer look at the best ERC20 tokens to invest in

As we continue, we will analyze the 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. Wall Street Memes – Meme-based ERC-20 token which has a capped supply of 2 billion coins

One of the best ERC-20 coins of 2023 is Wall Street Memes, thanks to the projects large community of supporters and expert developers. And with the help of native $WSM coins, you can now be a part of the initiative that may even surpass the success of Dogecoin over time.

Wall Street Memes was created to prove that the retail investor, i.e. the “little man”, can also be on the winning side one day and earn huge sums of money. We have already seen an example of this in the past, as many retailers were able to achieve almost unprecedented success in connection with the GameStop fever. This was possible because GameStop’s investors were able to cooperate. And Wall Street Memes wants to repeat exactly this, this time in the crypto sector, which they have every opportunity to do based on the current situation of the collection.

Read: How to buy Wall Street Memes

Perhaps one of the most appealing aspects of the meme coin project is that it has been designed in a way that a rug pull cannot take place. The developers have created a strong tokenomic design that prevents this.

The expected success of Wall Street Memes is also proven by the fact that even Elon Musk himself previously noticed the project. In the past, Musk has been able to send cryptos to the moon by simply acknowledging that they exist. If history repeats itself, $WSM could be the next token to explode.

If you are interested in the project, you can purchase Wall Street Memes with Ethereum, Tether (USDT), and with a bank card. The presale is selling fast and the earlier you invest, the more rewards you could earn.

Read: Wall Street Memes price prediction

Your capital is at risk.

2. $Sonik – the newest ERC20 token

A new token recently launched is Sonik – inspired by the legendary character of cartoons and a series of games (but without having anything in common with their developers). The token is of the ERC20 type, with a staking system different from all the existing ones (especially due to the advanced speed, due to which the developers named Sonik Stake-2-Speed staking).

Sonik aims to move with incredible speed through the pre-sale period, which is already live now. We can say that the project is succeeding because Sonik managed to raise over $200,000 within just a few days of launching the presale. The high speed orientation is also confirmed by the fact that Sonik’s route is only planned for 3 stages, which is a very fast route.

Right now, the price of one $Sonik is $0.000014 and experts believe that this is a pretty good price level to invest in right now. Early investors have two options from the start – either to hold the $Sonik funds for a longer period of time, as well as to stake tokens through staking. Become an early investor right now via the button below.

Your capital is at risk.

3. Launchpad XYZ – An innovative, feature-rich ERC20 token that supports Web3 adoption

Launchpad XYZ aims to become a centralized Web3 portal that allows users to find products and platforms that match their interests and increase engagement. In addition to search features, Launchpad will also offer an NFT marketplace, a decentralized exchange, and much more.

At the heart of the new ecosystem is the Launchpad XYZ Web3 wallet. To increase usability, users only need to provide a phone number or email address to create a wallet through the platform. Launchpad has an interesting investment panel, making it one of the best cryptocurrencies to consider this year. With a state-of-the-art AI search box, investors can easily find the next big opportunity.

Read: How to buy Launchpad XYZ

By simply asking the AI about the best new cryptocurrencies to invest in, users can receive suggestions for the top five options along with reasons why they are potentially valuable portfolio choices. Launchpad XYZ will be the best choice for investors looking for a cryptocurrency project offering a good business model. At the same time, Launchpad XYZ targets a huge market.

From NFTs to Play-to-Earn games, Launchpad XYZ will provide an unbiased view of the latest and greatest applications and projects that Web3 has to offer. In addition, the project wants to build itself as a bridge between Web2 and Web3. The platform will thus become the gateway to the mass adoption of Web3 for new entrants. This should massively boost the value of the native LPX token.

Your capital is at risk.

4. Chimpzee – A new ERC20 token that fights against climate change and offers rewards to everyone who joins it

Thanks to its unique ecosystem, Chimpzee investors will be able to profit in a variety of ways, and in addition, they can support important environmental causes. The developers behind the project wanted to create a platform that focuses on rewards for both investors and the planet.

Chimpzee aims to encourage long term investors to hold the token all while giving a portion of tokens to various green charities. That is why they created a system in which it is possible to profit both passively and actively. For example, with Zero Tolerance Play-to-Earn, after each new level of development of our hero, you will receive $CHMPZ coins, while you can receive a share of the income of various marketplaces.

To access the Chimpzee platform and start earning passive rewards, you must hold a Chimpzee NFT passport. Passports can be purchased with CHMPZ tokens during the ongoing presale event. You can get NFT Passports of different levels in different pre-sale stages, which means that the earlier you join, the bigger the reward you can expect.

Your capital is at risk.

5. BTC20 – A new cryptocurrency among the best ERC-20 tokens

Stored on the Ethereum blockchain, the BTC20 token combines the best features of Bitcoin and Ethereum. The token is an ERC20 version of Bitcoin that will provide investors with a second chance to profit from Bitcoin’s success.

BTC20 will provide investors with a chance to invest in a version of Bitcoin that is more sustainable and offers passive rewards. Designed with an eco-friendly approach, BTC20 is on a mission to transform the cryptocurrency market. While rewriting Bitcoin’s historical stages. Among the best ERC-20 tokens, BTC20 aims to let investors re-experience Bitcoin’s very first upward trajectory.

Read: How to buy BTC20

Out of the total supply of 21 million BTC20, 14.95 million tokens will be committed in a secure, staking contract once the project’s presale closes. This setup allows users to stake BTC20 token and the more they stake, the higher the reward. Over an estimated 120 years, this staking setup will gradually release the entire BTC20 supply. The BTC20 token distribution is designed to be fair and strengthen community engagement.

Read: BTC20 price prediction

According to the BTC20 white paper, the creators envisioned a token that reflects the historical evolution of Bitcoin. While taking advantage of Ethereum smart contract features, especially staking.

The token can be stored in any Ethereum compatible wallet such as MetaMask. This ensures that BTC20 can seamlessly connect to multiple decentralized applications (dApps) on the Ethereum blockchain, providing new and creative use cases.

Your capital is at risk.

6. 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. 

What is the best ERC20 coin to buy in 2023?

One of the best ERC-20 tokens is definitely $WSM, followed by $EVILPEPE, $BTC20, and so on.

We believe Wall Street Memes (WSM) is the best ERC 20 token to buy in 2023. To access WSM, use the Wall Street Memes platform. Another new ERC 20 token is Thug, which is the native cryptocurrency of Thug Life, a P2E and NFT project.

How to buy Wall Street Memes token?

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: Create Crypto Wallet

Create Crypto Wallet. We suggest using Metamask, which can be used on both PC and mobiles.

Cryptoassets are a highly volatile unregulated investment product.

Step 2: Buy crypto to fund investment

The next step is to acquire some crypto – the presale accepts ERC-20, ETH or BEP-20. Buy ETH or USDT with card on Metamask, send fiat to the centralized exchanged account, buy ETH or USDT and send it to the software wallet.

Step 3: Visit the official WSM page

Press “Connect Wallet” on the official WSM site and connect Metamask with the page.

Step 4: Buy $WSM tokens

Choose the amount of tokens you want to buy in ETH or USDT and complete the transaction.

Step 5: Claim tokens

At the end of presale, visit the official WSM page and add your tokens to the wallet.

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. Wall Street Memes is the best cryptocurrency coin launched in 2023 due to its characteristics and great reception since its launch, breaking records globally and becoming one of the fastest-growing cryptocurrency coins 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.

Wall Street Memes – Overall best ERC20 token to invest in Australia

Cryptoassets are a highly volatile unregulated investment product.

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