10 Best Dubai Cryptocurrency Projects to Invest In

The open-market structure of Dubai and the region’s receptiveness towards blockchain has led to many cryptocurrencies prospering in the area. The country has set up a regulatory body recently to oversee cryptocurrency projects and now aims to become the crypto capital of the world. As a result, multiple companies set up their regional offices or use Dubai as the perfect place to show off their projects.

In this guide, we cover the best Dubai cryptocurrency projects based on their utility, their tokenomics, and their future upsides.

Best Dubai Crypto Projects List – At a Glance

These tokens are continually making rounds in Dubai and have the potential to bring major upsides in 2023. Read as we dig deep and investigate why these crypto assets are worth the time of investors in Dubai.

Top Crypto Projects in Dubai – Complete Reviews

This section takes a closer look into each cryptocurrency we listed and highlights its upsides for Dubai-based investors.

Meta Masters Guild – Best Dubai Cryptocurrency Project focusing on Play-to-Earn

Blockchain gaming has many takers in Dubai – which is why the first one on our list of Meta Masters Guild is a P2E gaming project with a twist. Meta Masters Guild is not and not a game but a gaming guild comprised of developers and gamers. Here, devs will create games focused on mobile games within the Web 3 ecosystem.

Web 3 gaming is the future of gaming, but the lack of games with a good gameplay is pushing that future further. That has prompted Meta Masters Guild to come up and provide users and developers a platform to create gameplay-focused Web 3 games with the potential to increase crypto gaming adoption rate.

The idea here is to create games that bring in more players – players that are not only interested in earning but also the games available. That would help in maintaining a sustaining the gameplay economy and turning games developed on the Meta Masters platform into long-term investments.

But that does not mean that standard P2E mechanics aren’t present. Playing the games and winning will reward players with Gems, an in-app currency that can be exchanged for in-game assets – NFTs – and MEMAG – the native cryptocurrency of the Meta Masters Guild ecosystem.

Meta Masters Guild also plans to create eSports games and reward top players with in-game rewards. And another positive thing in its pipeline is partnering with content creators to empower the gaming community of this ecosystem.

Meta Masters Guild has already started the development of three games, Meta Masters World, Raid NFT, and Meta Kart Racers. That gameplay-centric approach gives MEMAG a leg-up on other crypto assets that use gaming as just an excuse to highlight the underlying gameplay mechanics.

MEMAG is currently undergoing its presale round and has raised upwards of $300k. The presale has seven stages, and 35% of the total token supply has been dedicated to the presale. The price of the MEMAG token will go from 0.007 USDT to 0.0235 as the presale progresses through the stages.

Thus, investing in this crypto now is a chance to get that early mover advantage and make multifold games. Check out our guide to learn how to buy Meta Masters Guild tokens.

Visit Meta Masters Presale

Fight Out – Best Dubai Crypto Project focusing on Move-to-Earn

The list of move-to-earn cryptos launched last year was diverse and powerful – but none of them hold a candle to Fight Out. Fight Out is one of the most complete move-to-earn projects that we have come across. It aims to turn people fighting ready by leveraging the Fight Out fitness app and providing them with a way to make money from it.

Going through the challenges in Fight Out and completing them will reward users with REPS. REPS is an in-app currency that can be used as a way to customize the solebound NFT and as an entry fee into real-world Fight Out gyms.

Fight Out’s soulbound NFT is a free NFT that you’ll get after creating an account in the app. That NFT is your Avatar which represents you in the Fight Out Metaverse. And as you gain REPS by completing challenges, your in-game Avatar levels up as well.

Those who want to earn more REPS can also do so with FGHT tokens. $FGHT is the native crypto of the Fight Out ecosystem with multiple utilities. You can use it to buy upgrades within the metaverse, cash out through an exchange, and stake it for memberships.

Fight Out’s stake-for-membership model is what separates it from the rest. Staking FGHT tokens will allow you to become a member of the real-life Fight Out gyms, get one-on-one training from elite professionals and earn NFT goodies. Other utilities include memberships to the health bar that will serve high-quality pre and post-workout meals. Access to co-working spaces is also part of this program.

The Fight Out token is also available on the presale. It has two stages, with the FGHT token sold at 0.0166 USDT and 0.0333 USDT in the first and second stages, respectively. Becoming an early mover on this presale project will allow you to also get a purchase bonus of up to 50%, which you can learn more about in the project’s whitepaper.

Check out our Fight Out guide to learn more about this token.

Visit FightOut Presale

C+Charge  – Best Dubai Cryptocurrency Project With Green Intentions

The adoption rate for Electric Vehicles has increased, but not at the pace it must. The reason behind that sluggishness lies in the issues that currently plague the EV ecosystem, and C+Charge is a green cryptocurrency project designed to deal with these issues.

C+Charge is an eco-friendly cryptocurrency project that rewards owners with cryptos and tokenized carbon credits in return for charging their vehicles. The project’s main goal, however, is to deal with three of the biggest issues of the current EV ecosystem.

The lack of transparency when it comes to knowing the charging costs. Most EV owners only come to know about the charging price after they land inside the charging station. Similarly, there is no way to know whether the charging station is functional before coming in to charge the vehicles.
The lack of regulations has led many charging stations to adopt their own cost model, making it difficult for people outside a local region to charge their vehicles.
No rewards for adopting EVs. While electric vehicles are good for the environment, there is no incentive for people to purchase them.

C+Charge resolves these issues through a blockchain application – a mobile app that:

Lets users see the charging costs beforehand. It also informs them about the operational status of nearby charging stations.
Creates a P2P Payment system. The presence of a uniform payment system makes it easier for people to pay for charging their EVs.
Rewards Users with Carbon Credits. Charging EVs at the C+Charge-partnered stations will reward users with CCHG tokens. Holding these tokens will reward them with GNT – Goodness Nature Token – which is a tokenized carbon credit.

To realize this vision, C+Charge has partnered with multiple EVs like FlowCarbon and Perfect Solutions Turkey, which runs 20% of the Charging stations in turkey.

Charging vehicles at the C+Charge-partnered charging stations will use C+Charge as payment – which will remove tokens from circulation. That would help the token control its supply, and the increased demand would help with pushing the price of this crypto high.

Dubai has one of the fastest EV adoption rates, and it currently has over 300 charging stations and also has an E charging initiative. In light of that, C+Charge has the potential to thrive in this region.

C+Charger is currently undergoing its presale stage and has raised upwards of  $300k so far. The listing date of this token has already been set; it is 31st March 2023. You can grab presale tokens at a discount price of 0.013 USDT right now.

But how far can this crypto go? Explore the answer to this in our C+Charge price prediction.

Buy C+Charge

Calvaria – A P2E Dubai Cryptocurrency Project with Card-Based Gameplay

Battle card games are all the rage among the gaming crowd, with the likes of Hearthstone getting a million hits every day. Projects like Gods Unchained are attempting to replicate the same feat in the Web 3 space. However, Calvaria is the crypto with the potential to overthrow all of the current card-based games and increase the blockchain gaming adoption rate.

Calvaria: Duels of Eternity is a battle-card game that has players collect cards representing different heroes in the world of Calvaria and battle against each other on the Battle Grid and earn rewards. This project is similar to Gwent in a way where your goal is to pit your deck of cards against an opponent and become the one with the most points when all the cards run out.

Thematically, this project is too similar to many gaming projects but what makes it different is the introduction of two different modes.

F2P or Free-to-Play mode is designed for non-crypto gamers. Players from the non-crypto gaming circle will be free to try out the game and battle against bots. They will also be able to upgrade their deck or customize their existing cards to become better players and win more games.

Existing of a free-to-play mode is necessary for players who have often found the barrier of entry into crypto gaming to be too high.

The second mode is the standard P2P mode. Here, players will get access to all the underlying earning mechanics as well as the gameplay. Playing games and winning matches will reward players with tokens that players can swap for in-game assets and other rare non-tokenized things from the Calvaria marketplace.

The native crypto of this platform is RIA. These tokens have been designed to be used as tradable assets, optimizing the incentives players receive by playing Calvaria and maintaining the economic sustainability of the Calvaria ecosystem.

RIA will also be used as a staking crypto and is a way to participate in Calvaria DAO. Players would also use it as a way to upgrade their cards as they play. Also, RIA tokens are to be given out as rewards for competing in tournaments.

Calvaria token is currently in its presale. The token has raised close to $3 million, and the presale will end once that target is hit.

This token has great potential upsides for early movers and those who buy it in the initial ICO. Check out our Calvaria price predictions for more info about this unique P2E crypto.

Buy Calvaria

RobotEra – A Metaverse Crypto With Major Upsides

Multiple metaverse projects came 0ut in 2022 – and RobotEra is one of the best. This metaverse cryptocurrency project has many of the same features as the Sandbox but still poises to be different with many unique attributes.

RobotEra consists of NFTs known as the Robots, your avatars within the TARO metaverse. TARO is the planet that forms the foundation of the lore of this metaverse. As a Robot, your job on Taro is to explore the planet and make it hospitable again by mining resources, building factories, and creating venues for brands to market their products.

These are also the ways through which you will earn on this metaverse. However, another great aspect of the ecosystem is that it is a metaverse of many small metaverses. Other than Robots, players will also get access to land NFTs. Land NFTs are explorable and customizable by the player. Each of them can be customizable to a level to become their own metaverse. Think Minecraft – where you can customize everything in your game through exploration mode.

But land customizable won’t be the only thing you’ll be able to do. Through the RobotEra editor, you can create your own NFTs to help you mine resources from your land. These NFTs will be your Robot Companions. Like the land and resources you find, Robot Companions are also tradable.

Completing the task will reward you with TARO tokens – the in-game currency of the game used for managing the ecosystem. Gamified staking is also available here, which rewards players with regular passive income.

RobotEra is also available on the presale. It has raised more than $700k at the time of writing, and you can buy it at a discount price of 0.020 USDT. The presale price at the second stage will be 0.025 USDT.

Check out what this NFT project has to offer through our RobotEra NFT review.

Buy RobotEra

Ethereum – Best Altcoin to Trade in Dubai

Next on the list is the number 1 altcoin in the market – Ethereum. It is the premiere cryptocurrency that led to the creation of smart contracts and other utilities within the blockchain space. We might as well say that without ETH, there won’t be any utility-based crypto assets in the market.

Ethereum was introduced quite a few years after the world’s first crypto – Bitcoin – in a bit to introduce more use cases using blockchain. NFTs and other concepts have come into existence because of this crypto. And that is why it is one of the best Dubai cryptocurrency projects that we are covering.

When ETH began, it used a PoW – Proof of Work – consensus mechanism. But the environmental concerns drove it to shift to Proof of Stake. After a bunch of failures and failed tests, the Ethereum merge – ETH’s permanent shift to proof of stake – finally happened. That made Ethereum one of the most eco-friendly altcoins in the market.

That said, the price action of this crypto asset hasn’t been good in 2022. Two major events – the LUNA crash and the FTX debacle – pushed the value of this asset down from its $4.6 high to closer to $1k. But thanks to the merge, the token has started to show signs of recovering recovery and is currently trading around the $1.5k range.

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Shiba Inu – One of the Most Popular Memecoins in Dubai

Shiba Inu is the world’s second-biggest memecoin that is now desperately trying to live above its joke origins. As a result, it is now coming up with new use cases that are slowly grabbing the attention of the crypto space.

While it started out as a Dogecoin-Killer, Shiba Inu soon has now shifted its attention toward more utility-focused initiatives. They include charity donations such as the COVID-19 relief fund and more.

And late 2021 saw retailers adopting SHIB tokens to make payments more streamlined and valuable. Ryoshi, the originator of Shiba Inu, has started that token of this token to make SHIB a global stable currency that will allow people to store the value of the asset and the mode of payment.

Shina Inu peaked in October 2021 and crossed the $0.000070 mark. But being a memecoin, its retrace was way more pronounced. The token also suffered from multiple slumps during 2022’s crypto winter and is currently trading sideways in the $0.000010-$0.000020 range.

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Binance Coin – Leading Exchange token in Dubai

Binance Coin – BNB – is the native cryptocurrency of Binance, the world’s leading cryptocurrency exchange and one of the biggest cryptocurrencies according to market capitalization. The current market cap puts BNB as the 4th biggest cryptocurrency in the world on CoinMarketCap.

Because of the fast transaction speeds and low transaction fees that the Binance chain delivers, many presale cryptos that we have covered in the past were developed on this platform. Also, most of the fan tokens that ruled the 2022 FIFA World Cup were developed on the chain. And since most of them could be swapped for BNB – the BNB price has done better than most.

Binance Coin entered 2022 at an above $500 price mark before Bitcoin’s and Ethereum’s crash dropped the value of this token by more than 60% to $200. However, the emergence of multiple presale projects this year and the arrival of Fan tokens have kept this token from slipping further.

As a result, since the mid of 2022, the Binance coin has been accumulating in the $300 range. Developments on this project are continuous, and we might see more uptick for this crypto in 2023 and beyond.

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Polygon (MATIC) – Leading India Based Cryptocurrency Project

Ethereum became too popular too soon when it first arrived, and it was only later that people came face to face with its scalability issues. That’s what led to the emergence of projects like Polygon. Polygon is a platform through which people can develop decentralized applications by accessing Ethereum without dealing with its scalability issues.

What Polygon does is create a layer 2 solution as a buffer through which devs can utilize Ethereum without being bogged down by its previous problems.

Polygon peaked at its all-time high in 2021 and reached $2.8. However, the retrace was sudden afterward, and the LUNA crash dropped the price of this asset below $0.50 before a bounce. Thankfully, the bounce was significant since the fall of the Terra led many crypto developers to look at Polygon as the next best platform for their dApps. The token is currently trying to find support at the $1 mark.

Polygon is also part of the Disney Accelerator Program, which involves the media giant incorporating NFTs and artificial intelligence in its offerings. That is why this project is one of the best cryptos for Duba-based cryptocurrency investors.

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Dogecoin – The World’s Leading Memecoin

The final cryptocurrency project fit for Dubai-based cryptocurrency investors is Dogecoin. It is the world’s leading memecoin that went on to make massive gains in 2021 after Elon Musk tweeted in its support back in the day. As a result, the support for this cryptocurrency has increased in regions like Dubai and other Middle Eastern countries.

As a memecoin, Dogecoin had no utility other than being a reward token to interact positively on social media platforms like Reddit. Therefore, Dogecoin is the most volatile cryptocurrency that we have covered to date. One positive word from Elon Musk, or any other celebrity for that matter, pushes the price of this token to double-digit, even triple-digit percentages.

However, due to Elon Musk’s continuous support and the community’s interest in making this cryptocurrency more than it initially was, Dogecoin f0undation has released multiple upgrades to the Dogecoin core. This update is 1.14.6, which has set the launch of Libdogecoin in motion.Libdogecoin is a project that will allow devs to create Dogecoin-compliance products that even the non-crypto crowd can understand.

With that, the hope is to increase the adoption rate of this asset. That said, Libdogecoin is a pure library and supports multiple programming languages, including Python, Node.js, and Ruby. Also, various companies, including Twitch, GameStop, Newegg, AirBaltic, etc., accept Dogecoin payments.

Buy MATIC

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History of Cryptocurrency In Dubai

Dubai has been one of the most open markets in the world and, therefore, has had no qualms about accepting the innovation that cryptocurrencies bring to the fold. In fact, many of the major crypto developers have set up offices in the country in order to have access to more relaxed regulations when developing projects.

The result of that is an inflated crypto adoption rate in the reason. Reports say that about 33% of citizens in the United Arab Emirates have bought their cryptocurrencies. Furthermore, citizens plan to save 26% of their investments in crypto in the coming years.

Dubai has also enacted a law to regulate virtual assets. According to the act, a virtual asset is a “digital representation of value chich can be difically traded or transferred or used as an exchange or payment tool or for investment purposes”.

The act also states that “virtual tokens are digital representation of a group of rights, which can be issued or traded digitally through virtual asset platform.”

VARA, the Virtual Asset Regulatory Authority, has also implemented the same laws to provide a legal framework for cryptocurrency companies to operate in Dubai. It also ensures that investors are safeguarded and can build wealth through trading cryptocurrencies.

VARA’s introduction has led many cryptocurrency exchanges, like Binance and Kraken, to have office space in Dubai. FTX was another office in Dubai but has now been shut down due to the recent debacle.

Dubai is also home to many Crypto entrepreneurs, including Chenpang “CZ” Zhao, the founder of Binance. Furthermore, Dubai has attracted the attention of east-Asian Web 3 entrepreneurs, with many saying that most Web 3 startups in India think of Dubai as the “natural hub for cryptocurrency projects.”

Dubai Crypto Regulation News

Dubai and other Middle Eastern countries have recently introduced the DFSA (Dubai Financial Service Authority) license. Anyone who wants to trade in crypto must acquire a license from DFSA.

According to the official website, DFSA intends to be a progressive regulator and will introduce more changes as the cryptocurrency market develops worldwide. The regulator aims to establish a balance between “promoting innovative cryptocurrency projects and protect consumer’s of cryptocurrencies.”

Is Dubai Cryptocurrency a Good Investment?

Dubai is one of the countries that is the most receptive to new cryptocurrency projects. In fact, there are many staking cryptocurrency projects that have been developed in Dubai. However, here are the reasons why Dubai cryptocurrency is a good investment for those that still need convincing.

Dubai has a Strong Economy

It is no surprise that the presence of oil barons and the general appreciation for innovation has worked in Dubai’s favor and granted it a very strong economy. The latest IMF review state that Dubai’s economy has increased by 6% after the pandemic. Around the same time, cryptocurrency projects started to grow bigger at a breakneck speed.

Presently, the United Arab Emirates is the 5th largest economy in the middle east, with a Gross Domestic Product of $501 billion.

Most cryptocurrency projects turn out to be risky experiments. But the immense wealth in Dubai gives the affluent Dubai residents a higher risk tolerance that makes the region a ripe place for all kinds of cryptocurrency projects.

Dubai has Friendly Regulations for Crypto Trading

Dubai is open to cryptocurrency projects that are innovative and risky. But that doesn’t stop it from establishing regulations. The recent regulation set up by DFSA ensures that innovative cryptocurrency projects are promoted while, at the same time, consumer rights are protected.

That helps establish a trust factor between crypto developers and crypto traders, which helps cryptocurrency projects prosper in this region.

Furthermore, even though they are in the nascent stage, the cryptocurrency regulations in Dubai continue to be developed and tailored to ensure that they don’t become roadblocks for promising Dubai crypto projects.

Better Tax Policies

Dubai is one of the most tax-friendly nations, bringing many developers from all domains to establish a base in the country. From forex brokers to cryptocurrency developers, every corporate trader can take a larger slice of their profits home because of the relaxed tax laws.

The corporate tax rate in the United Arab Emirates is zero percent. However, come June 2023, the UAE government will introduce corporate tax laws, including a 9% tax on all business profits.

How to Buy Dubai Cryptocurrency

We have examined the best Dubai cryptocurrency projects that you can invest in. However, investing in presale cryptocurrencies is your best bet if you truly want an advantage. This guide covers how to buy Meta Masters Guild during the presale.

Step 1- Get a Crypto wallet

The first step you must take is a get a cryptocurrency wallet. Metamask is the best one, but if you want other options, you can check out our list of best Ethereum wallets to help you out.

Step 2- Buy ETH or USDT

You require ETH or USDT to buy MEMAG tokens. So, go to a crypto trading platform and buy one of those assets. We recommend eToro.

Step 3 – Visit Meta Masters Guild

Visit the official Metamasters Guild website – memag.io – and connect your crypto wallet.

Step 4 – Buy Meta Masters Guild

Purchase MEMAG tokens by swapping them for ETH or USDT. You can then claim your tokens once the presale concludes. View a video summary on the official YouTube channel below:

Conclusion

Dubai is one of the best places to live as a crypto trader. Its favorable tax laws, great regulations, and strong economy make it perfect for great cryptocurrency projects to prosper. In this guide we listed a rundown of the best Dubai crypto projects and tokens potentially of interest to Dubai based traders and international investors.

Those looking for a great crypto in Dubai may be interested in new assets on presale like Meta Masters Guild and Fight Out. Presales are accessible worldwide due to not yet tied to a particular centralized crypto exchange, and often launching their coin on DEX platforms like Uniswap or PancakeSwap.

FAQs on Dubai Crypto Projects