Four months into 2023 and the cryptocurrency market is yet to catch a break from the flurry of activity that started with the launch of several new products at the start of the year. Many of these products like DigiToads are now counted among the top crypto coins because of their niche set of features that balance versatility with utility despite still being in their presale stage. Powered by Ethereum, DigiToads is a meme coin and a play-to-earn platform rolled into one. There’s little chance that you might get bored of the platform anytime soon, given the multitude of opportunities that you will get to explore. These opportunities include participating in trading competitions, giveaways, and earning rewards.
DigiToads: Making meme coins investments worth your while
DigiToads sports a dynamic decentralized model where you get the utility of a meme coin, the versatility of a play-to-earn platform and the profitability usually associated with a stake-to-earn ecosystem on a single interface. As a cryptocurrency for beginners, the platform balances these opportunities with a user-friendly interface and its high-growth native token TOADS. The DigiToads token is used for all transactional use cases one can think of and is currently available on presale. The DigiToads team has divided the presale process into 10 parts so that everyone gets ample opportunity to buy these tokens. After three successful phases, the presale is in its fourth stage ‘Lillypad 4’. Till now, the team has raised more than $1.5M in presale funds. Though the token has a total supply of 585 million, the team would be setting aside 69.2% of the tokens for these presale stages and for distributing rewards.
What makes it the best crypto for beginners is the platform’s policy for rewarding users’ participation. From a grand prize worth $50,000 to giveaways in tranches of $5,000, $2,000, and $!,000 to even weekly and daily prizes — there’s a lot to discover with DigiToads. Also, token holders are eligible for monthly rewards that are airdropped into their wallets. These rewards are distributed out of a prize pool that is made of 10% of the annual profits earned by the project. Apart from encouraging users to keep actively participating on the platform, these rewards also help to minimize rug pulls.
One of the key attractions of the platform is the trading competitions it plans to organize every month. Each month the platform would confer a Platinum Toad on the trader bringing in the highest volume of trades. The winners will also receive 10% of the profits earned by the platform. Plus, the winning trader will get remote access to a part of the treasury fund and will assist the team in managing it.
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Algorand runs into SEC trouble
Algorand is a blockchain-based network that powers user-friendly and scalable dApps. Its native token is called ALGO. The payments-focused blockchain employs the proof-of-stake consensus algorithm that paves the way for faster generation of tokens and secures smart contracts. In other words, if you stake tokens on the network, you will get a chance to validate transactions while creating new blocks. In exchange for their services as validators, users will receive interest for the assets they have staked. If you are a developer and build a dApp on Algorand, you will need to pay the transaction charges and a minimum balance deposit storing it on the blockchain. However, recently, Algorand found itself in hot waters after the US Securities and Exchange Commission labelled it as “security”. The SEC has alleged that since it launched, the ALGO Token has been sold as an “investment contract” and hence is a “security”.
Binance Coin sees positive price action after hard fork upgrade
Binance Coin or BNB is the exchange token rolled out by the Binance cryptocurrency exchange. It was earlier developed on the Ethereum network, but it later migrated to the BNB Chain. BNB holders can avail of exchange services on Binance at a reduced fee. What makes the Binance Coin a good crypto to buy is the fact it leverages the proof-of-stake authority (PoSA) consensus protocol which means that the network’s validators are users staking the highest number of assets. The choice consensus algorithm enables the BNB Chain to offer faster and more cost-friendly exchanges than other networks. The BNB token also acts as a governance token and enables its holders to participate in the platform’s management. The BNB token has been registering positive price action in the wake of its hard fork upgrade that was completed on April 18. In a Twitter post on April 17, the BNB chain announced that the BNB Beacon Chain would be undergoing a Barral hard fork upgrade.
Conclusion
DigiToads has been garnering a lot of popularity with its unique economic framework that has made it one of the top crypto coins to have been released this year. Among the analysts who have assessed it, many see it outperforming popular options because of its growth potential. Many BNB and ALGO holders have also switched to the TOADS Token. Analysts suggest that the TOADS token has the potential to cross 50x in terms of returns in the coming months.
For more Information on DigiToads visit the website, join the presale or join the community for regular updates
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