One of the most popular cryptocurrencies, Bitcoin is no longer the “untouchable” digital asset that it once was. However, subsequent negative price action and regulatory controls have led to Bitcoin losing some of its sheen. But things are looking up once again as miners get ready for a price rally. At the same time, many cryptocurrency users are looking for new products to diversify their portfolios. DigiToads is the latest token in the best crypto for beginners list and has been hitting the headlines for all the right reasons.
DigiToads: Making cryptocurrencies exciting, one reward at a time
With DigiToads, you get the best of both worlds – meme coins and play-to-earn platforms. With a high-growth trajectory, DigiToads aims to replicate the success of popular meme coins like Dogecoin and Shiba Inu. On the other hand, with its interactive Web 3.0 gaming interface and rewards system, it offers users a premium experience. The utility meme coin has been designed to not only positively impact users’ earnings but also catalyze the decentralized finance ecosystem. All in all, it isn’t a bad choice if you are looking for a cryptocurrency for beginners.
It also enables its users to earn residual incomes via multiple sources like staking non-fungible tokens, play-to-earn games, holding tokens, and trading. The prize pool through which rewards are disbursed is supported by a treasury fund.
The platform has also launched a native token called TOAD which can be used for meeting all kinds of transactional purposes on the network. It will be made available for purchase through a presale. The platform plans to sell the TOAD Tokens through a 10-stage presale process. One of DigiToads’ USPs which makes it among the best altcoins for 2023 is that it is built on a deflationary token model. TOAD supply is burned at regular intervals to keep the tokens scarce and control price fluctuations.
Rewards for the race to the top
Coming to the play-to-earn vertical of the platform, once you get started there is never a dull moment. Players can start by acquiring a DigiToad either by purchasing them, trading them, or winning them. Each of these DigiToads will have a unique set of characteristics wherein their strength and weaknesses will accordingly influence a player’s game. Users will also have the option of buying food, potions, and training equipment for ramping up their DigiToad’s capabilities. These items can be procured via TOAD tokens. Also, the platform sets aside 50% of the proceeds from the sale of these items for its prize fund. Next, the players and their DigiToad have to compete with others in a virtual swamp arena. At the end of every DigiToads season, which is around a month long, the top 25% of the players are rewarded with TOAD Tokens.
The staking mechanism of DigiToads is an integral part of its economic model where users can stake NFTs to earn rewards. The longer they stake, the higher would be the rewards in their kitty. In addition, the platform will allocate 2% of all TOAD transactions processed on its network to the treasure fund.
Making trading more rewarding
On DigiToads, traders not only get daily wins but can also be rewarded for their participation. DigiToads organizes monthly trading competitions wherein traders with the highest trading volume are rewarded with a Platinum Toad. Every year, 12 Platinum Toads will be given away. These competitions also enable the platform to attract high daily trading volumes. By winning a Platinum Toad, users can look forward to remote access to 1/12 of the treasury fund. In addition, winners will get 10% of the trading profits that they bring as an incentive for increasing the size of the treasury fund.
Joining the league of cryptocurrency platforms that are also dabbling with philanthropy, DigiToads announced that it would be donating 2.5% of its profits to charitable organizations involved in rainforest preservation.
Acing the crypto game with a community-driven focus
If analysts are to be believed, then DigiToads is all set to enter the race for the top crypto buy in 2023. Some are even claiming that it has the potential to cross 450% in returns. What helps its case is its community-driven focus and its decentralized autonomous organizations model for governance. Under the model, community members are encouraged to participate in all facets of management and are continuously rewarded for their efforts. All TOAD holders are rewarded periodically.
DISCLAIMER – “Views Expressed Disclaimer: Views and opinions expressed are those of the authors and do not reflect the official position of any other author, agency, organization, employer or company, including NEO CYMED PUBLISHING LIMITED, which is the publishing company performing under the name Cyprus-Mail…more