The meme coin market is abuzz with news about the presale growth of a new cryptocurrency – DigiToads (TOADS). The Ethereum-based crypto token’s key USP is its hybrid DeFi model and a decentralized governance structure. Its utility-driven native cryptocurrency only adds to the crypto project’s draw as one of the best crypto investments of 2023. In its final presale stages, DigiToads has sold 92% of the tokens that it had set aside for the presale process and collected more than $6.2 million in funding. Driven by DigiToads’ meteoric rise to popularity, many Dogecoin holders are also rushing to get their hands on this new token.
DigiToads: The multiple perks of a hybrid DeFi crypto token
DigiToads is among the top crypto coins of 2023 and it has been making rapid strides to carve a niche for itself globally. Its hybrid DeFi model has been designed by combining the features of three tokens – a play-to-earn game, a meme coin, and a staking portal. With this multi-dimensional model, crypto users can stake NFTs, trade tokens, win tokens in play-to-earn games, participate in various competitions, enter prize draws, and even be rewarded for actively participating on the platform.
The platform has rolled out a versatile cryptocurrency for its native token. Called the TOADS token, the coin is based on the ERC-20 standard of Ethereum. The native token comes in handy while dealing with various transactional purposes and is also used for implementing DigiToads’ governance structure. All TOADS token holders get voting rights which are used for voting for proposals. The proposals are moved by community members and seek changes in the protocol.
DigiToads is among the best altcoins to buy now because of how easy it makes for an average user to explore the platform’s various features. For instance, its play-to-earn game is an easy-to-understand game with a lucrative rewards system. The game has 12 seasons throughout the year. In each season, the platform gives TOADS tokens to the highest scorers.
Players have to outperform their rivals in a Metaverse swamp to score points. To boost their chances of winning, players can trade or buy digital creatures that have special powers and massive strength and are called DigiToads. There are also food, potions, and training equipment available that players can buy for their DigiToads.
If you are new to the world of cryptocurrencies, DigiToads’ trading contests can serve as a great learning experience. These competitions are held every month, and participants have to trade the highest volume of tokens to win. The winners share the month’s profits with the platform and also get to train under the DigiToads team to learn about treasury management. After honing their skills, the winning participants go on to help the team manage the DigiToads treasury regularly. Head over to the TOADS presale to get a chance to learn more about this upcoming cryptocurrency.
Tesla keeps Dogecoin in its payments page source code
What makes Dogecoin a good crypto to buy is its brand equity. Being one of the oldest meme coins launched in the crypto world, Dogecoin still commands a strong market presence and its native token DOGE is among the most traded crypto coins of the world. The meme token is inspired by memes on a dog breed that’s native to Japan. Instead of a consensus protocol, Dogecoin uses Scrypt technology for securing the network. New DOGE tokens are generated through mining and miners have the option of working together with other professionals in a mining pool or by themselves. The platform recently hit the headlines after Elong-Musk-headed electric vehicles company Tesla removed Bitcoin from the source code of its payments solution while keeping Dogecoin. In the past, Musk has been among Dogecoin’s patrons.
Conclusion
While both Dogecoin and DigiToads have their share of strengths, when it comes to growth potential DigiToads emerges as a stronger token. According to analysts, its higher growth potential is because of its hybrid DeFi model that encapsulates the utility of three tokens. With a galore of options to explore while earning residual income, crypto users can turn any of them into a sustained source of funds. Moreover, DigiToads’ decentralized governance structure encourages users’ participation and incentivizes them for their efforts. The policy motivates users to not only participate more but also act in the best interests of the platform.
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Source: https://coinpedia.org/press-release/dogecoin-lover-jumping-ship-to-digitoads/