After experiencing rapid expansion, the Binance Smart Chain (BSC) has cemented its place as one of the most popular blockchain networks among developers and investors alike.
This guide will explore the 10 best BSC tokens to buy in 2022. We also talk about the potential benefits of investing in BSC tokens, when compared to legacy networks like Ethereum.
Detailed Analysis of the Best BSC Tokens to Invest In 2022
BSC tokens are frequently cited as being more efficient and low-cost than Ethereum. The number of projects and tokens that have been built on this blockchain is constantly growing.
Now that we’ve listed the top 10 BSC tokens, below we take a closer look at each project.
1. Battle Infinity (IBAT) – Overall Best BSC Token to Invest in 2022
Battle Infinity is a hugely interesting crypto project that aims to combine the play-to-earn (P2E) and metaverse sectors. As such, Battle Infinity is also one of the best metaverse crypto coins to buy. The overarching goal was to create an all-in-one P2E gaming ecosystem while also adding a variety of utility-focused features – Battle Infinity has so far succeeded.
The native token of Battle Infinity is IBAT. A big worry for those looking for the top BSC tokens is accidentally investing in scam crypto assets. With this in mind, Battle Infinity has undergone auditing by Solid Proof and KYC verification by CoinSniper. This should give investors peace of mind that it is a genuine crypto project.
Moreover, because of its emphasis on building a useful metaverse gaming environment, Battle Infinity had one of the best cryptocurrency presales ever. The project raised over $1 million in it’s first two weeks on the market.
Following this, the Battle Infinity presale sold out after hitting its hard cap goal of 16,500 BNB (about $5 million) in just 24 days of its 90-day campaign. This indicates that interest from investors isn’t slowing down.
Six different platforms, each with a particular function, make up the Battle Infinity ecosystem. The platform features an immersive metaverse environment called the Battle Arena. The decentralized exchange is called Battle Swap. This is where investors can buy IBAT tokens on a direct basis and swap rewards for other currencies.
The Battle Market is the area in which investors can find various NFTs, such as in-game items, artwork, and music. Battle Games is a gaming store where players can buy and sell various P2E NFTs, such as virtual characters.
Meanwhile, Battle Staking is a specialized platform that enables investors to profit from their crypto holdings. IBAT Premier League is an NFT-based fantasy sports P2E game that is connected to the metaverse.
The first release is based on the Indian Premier League (cricket). English football (soccer), basketball, baseball, and more will be launched in the coming months.
To find out more about this exciting BSC token, check out the Battle Infinity whitepaper. Investors can also join the Battle Infinity Telegram group to stay abreast with the latest news on the project and its much-anticipated PancakeSwap listing.
2. Lucky Block (LBLOCK) – NFT Competitions Platform With Daily Draws
Lucky block is the best BSC token for those looking for an NFT competition platform. This is also one of the fastest-growing cryptocurrencies in the space. Following the presale phase of its crypto token LBLOCK, it made history by reaching a $1 billion market cap in just three weeks.
Moreover, after its launch, LBLOCK attracted more than 50,000 investors in just 90 days. Lucky Block seeks to transform the competitive reward industries by hosting NFT competition draws in a safe and fair way on the blockchain.
Lucky Block’s network is decentralized and is available everywhere where digital assets are permitted. Prizes will include everything from gaming systems to luxury vacations, cryptocurrencies, and watches. In addition, anybody who purchases a Lucky Block NFT automatically joins the High Rollers Club.
Members of the NFT High Rollers Club are entered into the platform’s daily prize draw at no extra cost. There are 10,000 Lucky Block NFTs at the time of writing. 25 of these are rare collectibles. In terms of its valuation, LBLOCK tokens are available to purchase at a discount, as per the impact of the crypto bear market.
3. DeFi Coin (DEFC) – Upcoming DeFi Platform with APYs of up to 75%
In May 2021, DeFi Coin was introduced. This is the native coin of the upcoming DeFi Swap decentralized exchange (DEX). The platform facilitates everything from yield farming and trading to staking.
DEFC can be used to swap for other currencies or to earn a substantial yield through the liquidity pools of the exchange. DeFi Coin also uses manual burning software that allows users to permanently remove certain tokens from the available supply.
The idea is to make the remaining DEFC tokens more valuable for the investors that hold them The management team’s decision and community support are required for the manual burning program.
Investors that opt for a 365-day staking term qualify to earn an APY of 75%. Those who lock up their DEFC tokens for 30, 90, or 180 days can earn 30%, 45%, or 60% APY respectively. The market cap of this BSC token at the time of writing is a little over $1.5 million. Therefore, this could be one of the most undervalued BSC tokens in the market today.
4. Binance Coin (BNB) – Cryptocurrency That Powers the BNB Chain Ecosystem
The largest cryptocurrency exchange in the world, Binance, launched its own cryptocurrency called BNB in 2017. To begin with, BNB tokens were built on the Ethereum network. However, they are now on their own chain.
At the time of writing, CoinMarketCap indicates that approximately $17.5 billion was traded over the course of one day on the Binance platform alone. On the Binance Smart Chain, an ecosystem with a sizable number of projects under development, transaction fees are paid using BNB tokens.
Furthermore, traders who pay trading costs using BNB get a 25% reduction on the Binance exchange. The volume of transactions clearly demonstrates the expansion of the Binance Smart Chain. At the time of writing, BNB carries a market capitalization of over $50 billion.
Since BNB is the main point of access to the Binance ecosystem, its long-term value has the potential to produce gains for investors. That said, there are zero guarantees in cryptocurrency trading. A good sign of the increasing use cases of a crypto asset is when a rising number of businesses are accepting BSC tokens as payment.
BNB can also be used to pay for goods and services. For instance, investors may use BNB tokens as collateral on loans, or to fund travel expenses. Other company types that accept BNB as payment include everything from virtual casinos and VPN services to gift buying websites.
Cryptoassets are highly volatile investment products. Your capital is at risk.
5. PancakeSwap (CAKE) – Native Token of Popular DEX Native to BNB Chain
As we talk about in more detail later, PancakeSwap is a decentralized exchange. The native token for this platform is CAKE. This cryptocurrency was released in September 2020 and also happens to be one of the best BSC tokens to buy in 2022.
Through the CAKE token, the PancakeSwap digital system employs a decentralized management strategy. This strategy develops a positive atmosphere where each person holding CAKE tokens is a part of the community.
As such, it is used for governance of the crypto project. Public voting is utilized to decide on tokenomics proposals or protocol operation modifications as a whole. Moreover, users of PancakeSwap have the option of lending money to pools in exchange for liquidity provider (LP) tokens.
That is to say, each time a new block of liquidity pools is created, providers get a CAKE token. PancakeSwap tokens have a market capitalization of just over $714 million at the time of writing.
6. Baby Doge Coin (BABYDOGE) – BEP-20 Crypto Token and Meme Coin
As the name suggests, Baby Doge Coin was created by fans of Dogecoin. As such, it has been called ‘Dogecoins Son’ by many supporters. This is one of the meme tokens that caught the attention of social media and retail investors in 2021.
According to the team behind Baby Doge Coin, transactions are nearly ten times faster and are also cheaper than Dogecoin. Moreover, at the time of writing, BABYDOGE is one of the cheapest cryptocurrency to buy, at less than a fraction of a cent.
According to CoinMarketCap, Baby Doge Coin has a market capitalization of almost $200 million. The developers of the Baby Doge Coin platform say that the project’s ingenious staking system was made to reward users.
Each time an investor completes a transaction, existing holders of BABYDOGE have tokens added to their wallets. Specifically, the 5% fee of every BABYDOGE transaction is distributed to token holders.
Furthermore, this is one of the best BSC tokens for NFT enthusiasts as the creators have released a collection of unique digital Baby Doge assets. Since it is a deflationary token, its supply will decrease with time. 45% of the supply of BABYDOGE is held in a dead wallet, and tokens are burned with every chain transaction.
7. BinaryX (BNX) – Crypto Games Project With Growing Active User Base
BinaryX is the support system for the CyberDragon game. Its native cryptocurrency – BNX, is a BEP-20 token on the Binance Smart Chain. Investors that pay for the game can win tokens with real-world value. That is to say, earned BNX tokens can be exchanged for other crypto assets which can then be converted into fiat money.
This video game has a traditional MMORPG framework with a number of DeFi options. PvP and PvE modes are available to players while using the game props that serve as their derivatives. These are predominantly offered as NFTs.
Since CyberDragon’s creation, a dual token economy has been included in its framework, thereby enabling players to make money just by participating in the game. Moreover, the BinaryX platform is now working on creating a CyberDragon metaverse.
The BinaryX team stated in an interview with Binance that they particularly selected to stay on the BSC network because of its speed, cheap cost, and more scalable bandwidth. All of which are seen to be essential for MMORPG games. BinaryX has a market cap of just $280 million at the time of writing – so the upside on this project could be attractive.
8. Pirate X Pirate (PXP) – Blockchain-Based Searfaring Adventure with Crypto Prizes
The blockchain gaming platform Pirate X Pirate allows players to earn digital assets by going on seafaring adventures. To make money, payers need to gather a crew, build a fleet, and compete with other pirates to prove their mettle.
Players will contribute to creating a swashbuckling metaverse with a self-sustaining economy with their own fleet of pirates. With regard to its BSC token, this is called PXP. It can be used within the ecosystem to buy, sell, and exchange NFT assets like crews and ships.
Players that participate in the game will receive rewards in the form of GOLD, which can be swapped for other tokens. For players to undertake the many kinds of quests within this game, they need to start by choosing a captain.
The bigger the crew gets, the more likely it is that the player will win digital prizes.
9. Trillium (TLM) – Native Token of Increasingly Popular P2E Game Alien Worlds
Alien Worlds is an increasingly popular NFT virtual reality game set in space. It is supported on WAX, Ethereum, and of course the Binance Smart Chain. The ecosystem of Alien Worlds is supported by four pillars. According to the platform, these are Planet DAOs, NFT lands and tools, and its in-game crypto token Trillium (TLM).
Players are referred to as explorers and one of the ways in which they can earn TLM tokens is by mining. The idea is to take part in TLM mining by investing in and leasing property. Additionally, exploratory missions can result in extra TLM tokens for players of Alien Worlds.
Investors can also vote on planetary governance to influence Trillium payouts. Those looking for the best NFT games on BSC could take the risk with Trillium. As we touched on, Alien Worlds is increasing in popularity. According to DappRadar, the crypto game surpassed five million players in 2021.
At the time of writing, the market cap of TLM is just $82 million – so this could be another low-cap gem to look into.
10. Venus (XVS) – Multi-Chain DEX Aggregator Protocol and BEP-20 Token
Venus is a digital marketplace where decentralized currencies and assets are bought and sold. The Venus cryptocurrency XVS was created exclusively on the Binance Smart Chain. Users can put up digital collateral and borrow up to 75% of the value of their entire assets using this token.
The platform has an effective technique to mine and maintains decentralized nodes on the chain since users are compensated for data mining. Moreover, as with many of the best BSC tokens, XVS boasts fast transaction speeds and low fees.
There are 30 Million XVS tokens in supply. As we touched on, investors can mint XVS to use as collateral for loans, however, there are terms in conditions to consider. For instance, this can be done on demand, but only on the proviso that 200% collateral is posted first.
XVS acts as a governance token for this lending platform. VAI, on the other hand, is its stablecoin, which is a synthetic BEP-20 token pegged to the US dollar. The market capitalization of Venus at the time of writing is just $76 million, which could represent a bargain, albeit, a risky one at that.
What is a BSC Token?
In April 2019, Binance introduced the Binance Chain to support its decentralized trading goals.
Binance Smart Chain came later, see more information:
- A blockchain called BSC was launched in September 2020 alongside the existing one, Binance Chain
- BSC was introduced with the express goal of introducing smart contract programmability, which the original Binance Chain did not support
- The original Binance Chain was technically restricted as a blockchain and only permitted decentralized trading
- BSC is a platform for smart contracts that imitates the features of Ethereum and other decentralized app platforms like EOS and Tron
- To ensure community involvement in governance and block formation, BSC also employs a staking model
- Moreover, with the use of the comparatively quick Binance DEX on the Binance Chain, tokens on the BSC network may now be switched for other tokens with ease
Many developers prefer the BSC blockchain over Ethereum due to its speedy transaction and low fees.
Are BSC Tokens a Good Investment?
As we’ve touched on throughout this guide, remarkable speed and minimal transaction fees make BSC tokens a very alluring smart contract platform.
Investors still wondering whether to buy BSC tokens can see some key advantages below.
Tokens on the Binance Smart Chain Usually Have Lower Fees
Ethereum transaction costs surged in 2021 as demand for DeFi coins increased. This slowed down DeFi’s expansion and deterred widespread involvement.
Gas expenses on the BSC network are, generally speaking, almost 20 times lower than those of Ethereum.
Consequently, this blockchain fundamentally altered the playing field for DeFi protocols and those seeking to launch a currency on BSC.
This is because DeFi developers no longer have to worry about exorbitant transaction costs and can instead concentrate on innovation.
BSC is Compatible With Ethereum Virtual Machines
For developers, being compatible with the Ethereum Virtual Machine (EVM) is a huge benefit. BSC writes its smart contracts in Solidity, which for those unaware is a programming language.
Furthermore, by forking the Geth Ethereum client, BSC makes itself more attractive to the Solidity and React development community.
This provides the Binance network with immediate access to an already-existing user and developer database. Additionally, moving projects from Ethereum to BSC is fairly straightforward since running dApps on this blockchain is less costly.
BSC is a Fast Smart Contract Blockchain
Due to its high transaction rate, BSC is one of the best smart contract blockchains for speed.
In comparison to Ethereum, it generates blocks every three seconds, making it at least four times faster. Ethereum requires 12 – 14 seconds for just one block.
BSC has the excellent characteristic of cross-chain interoperability. It not only functions with EVMs, but it also takes pegged currencies from a number of other blockchains.
This enables users to create several tokens for usage on the network. In theory, cross-chain interoperability increases token liquidity, value, and utility.
BSC Services Are Universal
A number of languages are offered for BSC services. For instance, the Binance platform is offered in 16 different languages.
One of the most well-known BSC applications, PancakeSwap, provides more than 30 languages. This makes it simpler for non-English speakers to comprehend and use the blockchain.
How to Choose the Best BSC Tokens to Buy
Below, we’ve listed a few things to consider when looking for the BSC crypto tokens.
Consider Personal Portfolio Goals
BSC tokens come in all different categories and so it makes sense for an investor to consider their own goals and interests prior to placing a buy order.
- Today, we’ve reviewed cryptocurrencies that will appeal to blockchain gamers as well as those interested in the metaverse
- An example in this category of BSC token would be IBAT, the digital asset that powers the Battle Infinity platform
- The Battle Infinity ecosystem includes a variety of P2E games within its ecosystem and it’s all linked in with its own metaverse
- Other investors might prefer BSC tokens like Venus, which has no metaverse but strong utility
- Investors looking for the best BSC crypto projects that are also involved with the NFT space could opt for Battle Infinity, Lucky Block, or Baby Doge Coin
- The latter will also suit investors who like the idea of adding meme-themed crypto tokens to their portfolios
That said, investors can also diversify by adding more than one of the best BSC tokens we’ve talked about to their portfolio. That way, the investor is not reliant on just one project doing well.
Check the BSC Crypto Project Isn’t Another Rug-Pull
The best BSC tokens have a strong development team and can prove they are legitimate. As such, one of the first things investors need to find out is whether the BSC token has been audited.
One of the ways in which investors can check this is by heading over to the platform to see whether it is compliant with regulatory obligations.
All legitimate cryptocurrency projects will make the whitepaper available as well as name the companies that audit them. For example, the Battle Infinity platform clearly states that it is compliant with audits and risk assessments.
In fact, Battle Infinity has taken a calculated step to make sure it complies with all regulatory obligations.
CoinSniper, a renowned compliance and risk assessment tool, has fully vetted Battle Infinity and IBAT. Additionally, Solid Proof has audited its ecosystem and the project’s whitepaper is available for download on the Battle Infinity platform.
Does the BSC Token Have a Limited Supply?
Some cryptocurrencies have an unlimited supply and may never increase in value in the long run due to the nature of supply and demand.
There will always be exceptions, of course, including meme tokens like Dogecoin – which has seen extraordinary gains from social media attention.
Battle Infinity has a capped supply of 10 billion IBAT tokens. Lucky Block is also a deflationary BSC token, with a limited supply of 100 billion LBLOCK.
Where to Buy BSC Tokens
Once an investor decides on the best BSC tokens, they will need to find a trustworthy trading platform from which to buy them.
We’ve included a short review of the overall best place to buy BSC tokens in 2022 -Pancakewswap.
PancakeSwap – Best Place to Buy BSC Tokens
PancakeSwap is the overall best platform from which to buy BSC tokens. In September 2020, an unnamed team of developers founded PancakeSwap. As we mentioned earlier, the native coin of the PancakeSwap exchange is called CAKE.
For safety, PancakeSwap has undergone numerous security audits by SlowMist, Certika, and Peckshield, and is open-source. Every contract on the platform also makes use of multi-sig technology.
As previously discussed, being built on the Binance Smart Chain allows quicker and less expensive transactions than Ethereum. This is one of the factors that set the PancakeSwap exchange apart at the time of inception.
In a nutshell, PancakeSwap is a decentralized exchange that facilitates cryptocurrency trading exclusively for tokens listed on Binance Smart Chain. This means the platform is able to facilitate the trading of any BEP-20 token with a liquidity pool.
The platform also offers services such as spot trading, staking, yield farming, lotteries, prediction markets, NFTs, perpetual futures trading, and IFOs. At the time of writing, the PancakeSwap exchange has liquidity totaling more than $3 billion.
How to Buy the Best BSC Tokens
As Battle Infinity was the overall best BSC token to buy, we’ve noted the five steps needed to add it to a portfolio today.
Step 1 – Download a Crypto Wallet Compatible With the BSC Network
In order to store cryptocurrencies and make the most of decentralized finance, investors need to download a wallet. One of the best and easiest to use in the industry is MetaMask. This wallet is trusted by over 30 million investors.
Crucially, the wallet works with numerous mainnets and chains – which include BSC.
It’s possible to download the MetaMask wallet as an app on an iOS or Android smart device. Alternatively, MetaMask is available as an extension on Google Chrome, Brave Browser, Microsoft Edge, or Firefox.
Step 2 – Buy BNB Tokens
To buy Battle Infinity’s native cryptocurrency, IBAT, investors need to purchase some BNB tokens (if they don’t already hold some). This is because IBAT trades on the BSc network and thus, it trades against BNB.
Step 3 – Add the BSC Network to the MetaMask Wallet
Investors will notice that MetaMask comes pre-connected to the Ethereum network as standard. As such, it’s necessary to change this to the BSC network to buy BNB tokens.
Go to the settings page and paste the following information into the relevant fields.
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com
Following this, the investor needs to copy their BSC wallet address.
It’s then possible to transfer the BNB tokens from wherever they are stored to the MetaMask wallet. To achieve this, paste the address in the relevant field when prompted.
Step 3 – Connect the Crypto Wallet to PancakeSwap
First, head over to PancakeSwap and click ‘Connect Wallet’, followed by ‘MetaMask’ on the pop-up screen.
The investor will also be required to confirm that they wish to allow the MetaMask wallet to connect to PancakeSwap.
Note: Investors need to make sure they are using the correct URL to avoid phishing scams. This should read ‘https://‘, followed by ‘pancakeswap.finance‘.
Step 4 – Search for BSC Tokens on PancakeSwap
After following the onscreen instructions, the MetaMask wallet will be connected to the PancakeSwap platform – which is where IBAT is listed.
To start, click ‘Trade’ and then select ‘CAKE’.
This will reveal a pop-up form that allows investors to select a different token.
Paste the official IBAT contract address, which is 0x19cd9b8e42d4ef62c3ea124110d5cfd283ceac43, into the relevant field (as seen above).
This step also gives investors the peace of mind that they are investing in a genuine token.
Step 5 – Buy IBAT Tokens
After considering how much they are willing to allocate to IBAT tokens, the investor can enter the quantity of BNB that they wish to swap.
If needed, after this the investor can transfer the IBAT tokens over to the wallet manually. All that’s required is to import the IBAT tokens over using the contract address we noted in Step 4.
To conclude, we’ve analyzed some of the best BSC crypto tokens available in 2022. As part of this thorough guide, we’ve also explained what tokens on the Binance Smart Chain are all about and what the advantages of investing in them are.
We concluded that Battle Infinity is the overall best option for those looking for the best BSC cryptocurrency.
The IBAT ecosystem has six distinct platforms integrated within it. This includes P2E games, an NFT marketplace, a metaverse, and much more.
Furthermore, although 24 days into its 90-day presale campaign its native IBAT token had completely sold out – the digital asset is now trading on PancakeSwap.
Cryptoassets are a highly volatile unregulated investment product.