The global cryptocurrency market is growing rapidly. While only a few crypto projects have what it takes to be on top, some, like digitoads (TOADS), have the potential to catalyze the decentralized finance (DeFi) ecosystem. Based on Ethereum, the DigiToads project merges three cryptographic models; a meme coin, a bet-to-win ecosystem, and a game-to-win (P2E) platform, to develop a dynamic cryptocurrency that can empower users.
DigiToads: Bringing everything DeFi on a single platform
With DigiToads, users experience the utility of a meme coin. They can also try their hand at web3 games while staking their assets and earn rewards. Users can also trade to win trading contests and enter sweepstakes. The platform also rewards active participation. For example, holders of TOADS, DigiToads’ native token, are eligible to receive monthly rewards, which are airdropped to their wallets. TOADS is a pass to the DigiToads ecosystem. The more a user uses them, the more benefits they receive.
Users can purchase TOADS in the ongoing pre-sale. Since there will be ten pre-sale stages, everyone has a chance to purchase the token. So far, DigiToads has completed three phases of pre-sale and the fourth phase in progress is called “Lillypad4”.
The supply of TOADS is limited to 585 m. The team will reserve 69.2% of the total offer for community bonds and the pre-sale process. Bonuses and rewards increase user morale and reduce jerks.
The governance structure of the platform is based on the decentralized autonomous organization (DAO) model. He places particular emphasis on the concerns of his community members. The DigiToads team plans to get advice and help from the top earning merchants in their community to manage their treasury funds. These traders will be selected through monthly trading contests.
Regarding the DeFi market, DigiToads is unique, focusing on its community and sharing revenue with its users. The team’s plan for the future includes opening a think tank called the “TOADS School,” where users can learn about cryptocurrencies. Users must possess at least three TOADS non-fungible (NFT) tokens to gain entry. In addition, the team has decided to contribute to the cause of preserving the rainforests by pledging 2.5% of their profits to organizations working for the cause. The organizations that would receive these donations would be selected by members of the community.
Ethereum Classic remains under pressure
Ethereum Classic is the hard fork of the popular Ethereum network. It is an open source platform for implementing smart contracts for dapps. Its native token is ETC. Despite being a hard fork of Ethereum, the two blockchain networks differ in many ways. The critical difference between the two is that while Ethereum uses the proof-of-stake consensus algorithm, Ethereum Classic is based on the proof-of-work protocol. The main goal of Ethereum Classic is to offer the functionality of the original Ethereum network while maintaining immutability. Despite its popularity of late, ETC is still under pressure. Analysts are forecasting further losses for ETC in the coming days.
Digitoads Price Prediction
The DigiToads pre-sale offers an interesting case study. TOADS’ success may be because the project balances versatility and utility while focusing on the community.
Given the success of the TOADS pre-sale, its market capitalization may surpass that of ETC by 2025. For this reason, investors looking to accumulate and hold for the long term may want to consider TOADS.
For more information on DigiToads, visit the websitejoin the presale, or join the community for regular updates.
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