The hype around DeFi protocols has generated a lot of excitement and investment in recent months. Digital toads (TOADS) could set a new course for the crypto market. The question remains: will it have a bigger impact on the market than SushiSwap (SUSHI)?
SushiSwap Summons
Earlier this week, the US Securities and Exchange Commission (SEC) served a subpoena on SushiSwap, a decentralized exchange (DEX), and Jared Gary, its chief executive officer (CEO). The SEC said they wanted certain documents related to a case they were investigating.
What is DigiToads (TOADS)?
Digital toads (TOADS) is a web3 gaming ecosystem on Ethereum. Combine meme coins and game elements to create an immersive experience for players and investors. Holders of TOADS, the platform’s native token, can participate in in-game rewards, NFT betting, and trading competitions.
The top 25% of players in the game are rewarded with a prize pool. Meanwhile, the winners of the on-chain trading competitions receive Platinum Toads, which they can use to trade with the project treasury and make a profit.
DigiToads participates in conservation efforts for the Amazon rainforest and its inhabitants. For this reason, the company will allocate 2.5% of its annual profits to non-profit organizations (NGOs) dedicated to its conservation and restoration. The initiative also has its line of digital merchandise designed to help raise money for the same cause.
The DigiToads pre-sale price will start at $0.01 but will increase to $0.055 at the end. Some say the project’s prospects make TOAD undervalued.
>> Check out the DigiToads pre-sale <
SushiSwap (SUSHI) Features
SushiSwap is a decentralized exchange (DEX) on Ethereum that was launched in 2020. One of the critical differences between SushiSwap and other DEXs is the use of liquidity pools. Liquidity providers deposit funds in pools, which are then used to facilitate transactions on the platform. In return, they receive a portion of the trading fees.
The DEX also introduced the concept of yield farming. Here, users can earn additional rewards for providing liquidity. The platform’s native token, SUSHI, is used for governance and as a reward for liquidity providers.
SushiSwap’s native token, SUSHI, is crucial in the operation and maintenance of the network. Holders have a say in governance by voting on ideas to improve the SushiSwap ecosystem.
Bottom line
As a DeFi platform, DigiToads can allow users to earn rewards. Its play-to-win (P2E) approach and focus on web3 gaming could help the project expand its user base.
Also, the deflationary nature of your token supply can help the token grow in the long run.
For more information on DigiToads, visit the websiteenjoy the presaleor join the community.
use code: FINTECH10 for an additional 10% tokens on your next DigiToads purchase.
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