Ethereum blockchain introduced programmable smart contracts to the crypto world when it launched its Ethereum Virtual Machine platform in 2015. Via EVM, developers can mint ERC20 tokens and create decentralized applications such as decentralized finance (DeFi) apps.
Finding where to start when exploring the cryptocurrency market today can be challenging. The Ethereum blockchain is future-proof with a large and engaged community of users and developers, and its underlying open source architecture is highly robust. However, even limiting your search to ERC20 tokens there are over 2,900 tokens minted on the Ethereum blockchain and counting.
We’ve put together a time-saving list of three of the most important, promising, and successful ERC20 tokens built on the Ethereum blockchain featuring Uniswap (UNI) and Shiba Inu (SHIB) and introducing RoboApe (RBA) token.
RoboApe (RBA) Powers A Community-Driven DeFi and NFT Ecosystem
RoboApe (RBA) is an ERC20 meme token used for utility and governance on RoboApe, an Ethereum-based protocol that powers a community-driven DeFi ecosystem. The token features a deflationary supply mechanism where half of the fees paid on all transactions and utility on the platform are distributed to token owners, and the other half is permanently burned and removed from circulation.
Key features of the RoboApe ecosystem include:
- RoboApe NFTs and the RoboApe NFT Marketplace: users who hold RoboApe (RBA) can pay a gas fee to mint their own RoboApe NFTs, which can be sold and traded on the RoboApe NFT Marketplace.
- RoboApe Academy: a learning and information resource, a one-stop shop where users can find all of the latest cryptocurrency market news, educational videos and articles, and more.
- RoboApe eSports: Community gaming contests where players can participate in multiplayer matches and tournaments and compete to win rewards and prizes.
- RoboApe Swap: a native swapping mechanism for the cross-chain exchange of RoboApe (RBA) token with leading existing blockchains.
A total of 270 million RoboApe (RBA) tokens are to be issued at presale, which is ongoing. The presale concludes on 29 August 2022 and is currently in its final stage: stage three. Participants in stage three can receive 4.5% of their total purchase extra in bonus RobeApe (RBA) tokens.
Uniswap (UNI) Is The World’s Largest Decentralized Exchange
Uniswap (UNI) is used for utility and governance on the Uniswap protocol and decentralized exchange (DEX) for peer-to-peer cryptocurrency trading. Uniswap is often credited for the DeFi explosion in the cryptocurrency market.
The Uniswap (UNI) token can be used to send and receive transactions on the protocol and one of the tokens supported on the DEX. The DEX is compatible with all ERC20 tokens and features liquidity pools for high yield staking.
Uniswap (UNI) has the 18th largest market cap according to cryptocurrency market tracker CoinMarketCap and in May 2022, the exchange surpassed $1 trillion in lifetime trading volume.
Second Largest Meme Token Shiba Inu (SHIB) Continues To Grow
Shiba Inu (SHIB) is an ERC20 token used for governance and utility in the Shiba Inu ecosystem, built on the Ethereum blockchain. Initially, Shiba Inu was focused on the Shiba Inu (SHIB) meme token since it has evolved into a unique growing ecosystem with DeFi applications and a thriving community.
Shiba Inu (SHIB) has the 15th largest cryptocurrency by market capitalization according to CoinMarketCap, one of the most significant ERC20 tokens by market capitalization, and the second largest meme token overall – just behind Dogecoin (DOGE).
Today, the Shiba Inu ecosystem continues to grow with projects and applications in development, including its decentralized stablecoin called SHI, a collectible NFT card game, and more.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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