Names like Sam Bankman Fried (SBF) are etched in crypto infamy. He was the CEO of now-bankrupt crypto exchange FTX, whose spectacular collapse shook a whole industry to the core. Innovative projects like DigiToads (TOADS) look to repair some of the damage by creating sustainable utility for users.
The FTX collapse was an extension of some high-profile irresponsible platforms in this sector. ICOs, as a concept, suffered serious credibility challenges when fraudulent entities proliferated the industry at their peak. These events became a lesson for investors picking new projects.
DigiToads is conscious of the need to establish trust from the start. The project is a utility memecoin with a sophisticated play-to-earn gaming ecosystem. Accordingly, investors have joined the project presale in droves with a TOADS presale has raised $6.9 million. DigiToads is concluding its presale on 15th August 2023 ahead of the public launch on 21st August 2023.
SBF strikes again?
The former FTX CEO is currently under house arrest as his trial continues. However, he allegedly orchestrated a rug pull on a memecoin. Such brazen actions would be impressive for a guy under significant operational restrictions.
Well, the slim odds did not stop crypto Twitter from speculating. The rug pull concerned the Base Layer 2 solution by Coinbase. Analysts noted that the $BALD token launched on Base with suspicious deployer activity adding liquidity.
This capital inflow for a novice meme coin was a surprise. Well, some speculated that the deployer was Bankman himself as he allegedly has the same structure and style of posting. The evidence is circumstantial, at best, but it shows what many crypto investors think of SBF. His name is synonymous with fraud and other unethical practices, and the accusations will continue as more of FTX irresponsible management becomes public.
DigiToads uniqueness is unrivaled
Even as other memecoins face allegations of rug pulls, DigiToads is cruising. The project is concluding a successful presale with tokens retailing for $0.050 at the tenth and final stage of the presale. Investors have already made a 400% return on investment at this token price.
DigiToads launches on 21st August 2023 at a token price of $0.055. This uptick will mean a 450% gain for investors, which is better than anything on the market. These gains show the potential investors see in this project. This project has taken a bold approach to win this confidence. It is not your typical meme coin that launches purely on market hype. Instead, the development team provided a detailed roadmap for a utility memecoin.
The utility comes from a robust play-to-earn gaming ecosystem central to growth. Users are incentivised to create value on this blockchain platform and earn rewards while at it. The strategy ensures that the token is central to game operations rather than just serving speculative ends. Besides, users can mint and stake NFT collectables on this platform. This possibility ensures that minted NFTs don’t become junk but instead have utility themselves. Users can begin staking NFTs at launch but can already mint at https://mint.digitoads.world/
Conclusion
DigiToads is the exact opposite of what FTX did. Promoting a detailed roadmap has made investors believe in the utility memecoin. DigiToads joins Shiba Inu as a rising meme coin and could be the next 1000 X crypto.
The excitement is building as the launch approaches on the 21st of August. It is time to scoop up more tokens, as the post-launch bump could increase gains exponentially.
Visit DigiToads Presale
Mint DigiToads NFTs Here
Buy DigiToads NFTs on OpenSea
Source: https://coinpedia.org/press-release/digitoads-uniqueness-is-unrivaled/