The global cryptocurrency market is rapidly growing. While only a few crypto projects have what it takes to be at the top, a few, like digitoads (TOADS), have the potential to catalyze the decentralized finance (DeFi) ecosystem. Built on Ethereum, the DigiToads project merges three crypto models; a meme coin, a stake-to-earn ecosystem, and a play-to-earn (P2E) platform, to develop a dynamic cryptocurrency that can empower users.
DigiToads: Bringing all of DeFi on one platform
With DigiToads, users experience the utility of a meme coin. They can also try their hands on web3 games while staking their assets, earning rewards. Users can also trade to win trading competitions and also enter giveaways. The platform also rewards active participation. For instance, holders of TOADS, the native token of DigiToads, are eligible for monthly rewards, which are airdropped in 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 on the ongoing presale. As there will be ten presale stages, everyone has a chance to buy the token. Thus far, DigiToads has completed three presale phases, and the ongoing fourth stage is called “Lillypad4”.
TOADS supply is capped at 585m. The team will reserve 69.2% of the total supply for community bonuses and the presale process. Bonuses and rewards boost users’ morale and curb rug pulls.
The platform’s governance structure is based on the decentralized autonomous organization (DAO) model. It gives particular emphasis to its community members’ concerns. The DigiToads team plans to take advice and help from the highest-earning traders in its community to manage its treasury funds. These traders will be selected via monthly trading competitions.
Regarding the DeFi market, DigiToads is unique, centered on its community, and shares revenue with its users. The team’s plan for the future includes opening a think tank called “TOADS School,” where users can learn about cryptocurrencies. Users must own at least three TOADS non-fungible tokens (NFTs) to gain entry. Moreover, the team has decided to contribute to the cause of preserving 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 community members.
Ethereum Classic remains under pressure
Ethereum Classic is the hard fork of the popular Ethereum network. It is an open-source platform for deploying smart contracts for dapps. Its native token is ETC. Despite being a hard fork of Ethereum, the two blockchain networks differ in many aspects. The critical difference between the two is that while Ethereum uses the proof-of-stake consensus algorithm, Ethereum Classic banks on the proof-of-work protocol. The main aim of Ethereum Classic is to offer the functionality of the original Ethereum network while maintaining immutability. Despite its popularity in recent times, ETC remains under pressure. Analysts forecast more losses for ETC in the days ahead.
Digitoads price prediction
DigiToads’ presale offers an interesting case study. TOADS’ success can be because of the project balancing versatility and utility while being community focused.
Considering TOADS’ presale success, its market cap can surpass ETC’s by 2025. For this reason, TOADS can be considered by investors looking to accumulate and hold for the long haul.
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