Nothing gets crypto enthusiasts on a fever pitch like a rapidly appreciating digital asset or a market rally. An even better proposition is envisioning such appreciation sometime before it happens. The internet is full of such predictions, but few have the value proposition to back them up.
DigiToads is seeking to become the next memecoin king in the crypto landscape. This sector is fascinating as it represents a nexus of popular culture and the digital nature of cryptocurrencies. Memecoins have gotten hot in the past but plateaued after because they have no utility. Accordingly, their market hype is cyclic, and after periods of fantastic rallies come crashes like a hot meme that goes off the radar.
The DigiToads presale
DigiToads has launched its presale of TOADS tokens to take the platform to another level. On May 17th, 2023 alone, the token sale raised over $250k, bringing the cumulative funds raised to over $3.5 million. This figure exceeds expectations for a digital asset launching in an uncertain crypto market.
A presale is a sale of crypto assets before the coin goes live for trading to the wider public. Such a presale often has lower token prices than the launch price to onboard investors and raise funds crucial for further developing a crypto platform. Think of it like the early investors in a company who get preferential share prices for an injection of their capital.
DigiToads has sold 92.34% of the tokens available so far during the presale, which translates to about 243 million tokens sold. At press time, the token price was $0.027, with the next presale stage seeing the price ticking up to $0.036.
The token sale is to be held in stages with gradual price increases until the launch date. These stages come with price increases meaning that those who got in the first stage will see the value of the tokens they hold increase significantly by the launch date, and the growth is proportional to the stage one entered and the number of tokens sold. The token sale is vital in boosting a crypto project’s inception and creating a community of participants necessary to take any crypto project to the next level.
These results in a challenging market indicate investor confidence in this project. It has a unique structure that makes it more than just a memecoin. The project creators are looking to achieve over 30x growth margin after launch, which would be proof of DigiToads unique role in the market. Let’s explore what this project seeks to achieve:
Exploring The DigiToads Ecosystem
Not many have attempted to provide the kind of utility Ethereum provides. DigiToads is taking things to another level by creating a gaming memecoin to achieve the best of both worlds. The project is themed on toad avatars, but there is an actual gaming ecosystem that comes along. This game takes place in a swamp metaverse where players nurture their toads for a chance to win prizes in TOADs tokens.
Notably, the game also ventures into the NFT space. Games have a chance to acquire several NFT collectibles in the game, which can be staked for rewards in TOADS. NFT staking is a brilliant idea as it ensures the value of NFTs remains, with few available at any one time for trading.
Accordingly, the project creators are looking to grow the game participation rate exponentially. Having a play-to-earn (P2E) model ensures an incentive to remain on the platform and create value in a symbiotic manner. For these reasons, the DigiToads team thinks this could be the next 100x growth margin crypto after launch.
Conclusion
Overall, DigiToads is looking to achieve a rare feat in the cryptocurrency sphere. Managing to combine the popularity of a memecoin with utility is a bold quest, and this project is looking to become a first in that regard. It will be fascinating to track the growth of this project through the presale and after the launch.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
Disclaimer: This is a paid post and should not be treated as news/advice.
Source: https://ambcrypto.com/digitoads-presale-sells-over-250k-in-one-day/