Top Crypto Utility Tokens to Watch in 2022: Curve DAO Token (CRV), Enjin Coin (ENJ) and Mushe Token (XMU)

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Utility tokens are tokens that have a specific function on a protocol. These tokens are used to perform various tasks within a project. Governance, transaction, staking, and earning fees are just some of the utility a token can have. The value of a token is linked to the usage of the protocol it belongs to. The more usage and users a protocol has, the more value its utility token will accrue. Investing in the utility token of active protocols is a strategy most investors use. How do you find the best utility tokens to invest in?

There are many criteria to consider before picking a utility token. Therefore, it makes it hard for investors to choose what tokens to invest in and what tokens to ignore. The top crypto tokens you should be watching in 2022 are Curve DAO Token (CRV), Enjin Coin (ENJ), and Mushe Token (XMU). These tokens offer immense utility to their protocols and their corresponding value is a result of protocol activity. 

Curve DAO Token (CRV)

Curve DAO Token is the native token for the Curve DeFi platform. Curve is a decentralised exchange that helps users swap between stable coins using its liquidity pools. It uses an AMM (Automated Market Maker) to manage its liquidity and it rewards liquidity providers in its CRV token for contributing to pools. Curve was launched in 2020 and is synonymous with the DEFI movement. Since its inception, it has grown to become the largest DEFI protocol by TVL. 

The CRV token serves as its governance token which allows members to vote on the future of the protocol. Furthermore, Curve has grown to cement itself in the DEFI space by being the one-stop-shop for sourcing stable coin liquidity. The CRV token can also be staked on the Curve platform for further earnings. With this much utility, there is no surprise in the heavy demand for the token.

Enjin Coin (ENJ)

Enjin Coin (ENJ) is the utility token of Enjin, an ecosystem of interconnected blockchain gaming products. The Enjin Network is a central hub that users can leverage to build communities, virtual stores, websites, and clans. With this robust stack, ENJ is the central token that sits at the centre of this ecosystem. The ENJ token backs assets created on the Enjin Network as ENJ is used as payment for buying and selling digital assets. In addition, the Enjin ecosystem allows upcoming GameFi crypto projects to have an edge in the sector. 

The high and frequent activity of the Enjin ecosystem gives the token so much value. It allows its users to interact freely with every part of the protocol and places ENJ in an invaluable position. The token also helps with providing instant liquidity thereby giving more credence to its utility.

Mushe Coin (XMU)

Mushe Coin (XMU) is a metaverse/ DeFi project looking to shake up crypto. The protocol will allow its users to stake and receive rewards on the XMU token, purchase NFTs, and participate in the open metaverse. The XMU token will be an integral part of the MusheVerse which would be an immersive and interactive experience for users. Furthermore, they hope to lower the barriers to blockchain adoption and usher newer members into the crypto community. Mushe coin is a great protocol with an invaluable utility token. XMU will be the main transaction token for a protocol that would support NFTs, P2E (play-to-earn) gaming, and the metaverse. 

More information on Mushe Coin (XMU): 

Official Website: https://www.mushe.world/ 

Presale Registration: https://portal.mushe.world/sign-up

Telegram: https://t.me/MusheWorldXMU


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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