DigiToads ( TOADS) is a top altcoin that has been the talk of the town due to its hybrid DeFi model. This model has been created by combining the features of various tokens to give it an edge over the traditional crypto coin. As a result, there are several opportunities that crypto users can explore for earning passive income. These opportunities include winning tokens in Web 3.0 games, staking NFTs, trading tokens and even getting crypto rewards for actively participating on the platform. DigiToads is also being considered one of the best new icos of 2023 due to its strong presale growth. So far, the project has raised over $6.7 million in presale funding. Here are five reasons why it is such a lucrative opportunity for both retail and institutional investors.
1. An exciting play-to-earn game with lucrative rewards
DigiToads ecosystem includes a next-generation Web 3.0 game where players compete in a Metaverse swamp and complete various challenges. As the game entails catchy graphics, an exciting storyline, and lucrative rewards, players end up being hooked to the game. When the season ends every month, the highest scorers are given TOADS tokens. A key USP of the game is the in-game assets that players can buy whenever they feel they are lagging in the game. The most popular of these assets is the special digital creature DigiToad which has unparalleled power and unique characteristics. Armed with these traits, a DigiToad can serve as a loyal soldier who helps players boost their chances of winning the game. All these in-game assets must be paid for with TOADS tokens and the proceeds go towards maintaining the prize pool for the game.
2. Contests to learn new skills and hone old ones
Another unmissable opportunity that DigiToads offers its users is the monthly trading competitions it organizes for them. Every participant tries to trade to earn the highest volume of profit while trading for a month. The participant who manages the feat is declared the winner.
These contests have many advantages for both community members as well as the DigiToads team. Community members get to explore a new opportunity for earning passive income and hone their trading skills. On the other hand, these contests ensure that the platform attracts high trading volumes regularly. Plus, the team can recruit talented traders to help it run the DigiToads treasury efficiently. Once the contest ends, the winner and the platform share the profits and the former undergoes a brief training session to understand how the treasury is managed. Once they finish the training, these traders help the team in running the treasury regularly.
3. TOADS is a deflationary token to keep price fluctuations away
For ensuring that all transactional uses like payments, taxes, and giving out rewards can be executed seamlessly, the DigiToads team has rolled out a native cryptocurrency that’s called the TOADS token. This token is modeled on the ERC-20 standard of the Ethereum network and it has a deflationary model. Even though it has a supply of 585 million, all TOADS tokens are not made available for presale. In fact, the token supply is always kept scarce, so that its price doesn’t fluctuate too much. In this way, the deflationary model protects token holders’ returns against market volatility.
4. A reliable staking mechanism
DigiToads has easily accessible features and an intuitive interface that makes it ideal for cryptocurrency trading for beginners. It also has an appealing staking feature where one can stake NFTs and earn rewards. These rewards will be directly proportional to the staking period and will be distributed from a dedicated pool that’s maintained by diverting 2% of all TOADS transactions.
5. Future plans to optimize the platform’s growth
The DigiToads team has been working relentlessly to ensure the rapid growth of the project. In the future, there will be many new initiatives that would support the platform’s development. For example, the team plans to open an online think tank where community members would be able to access educational content on cryptocurrencies and related topics. The team will also be launching a merchandise range for DigiToads fans spread across the world. The tokens collected from the sale of the merchandise will be donated to organizations or non-profits involved in saving rainforests.
Conclusion
With DigiToads, you won’t ever have to wonder what crypto should I buy, as it’s a multiple utility project with a myriad of useful features. Not only does it have high growth potential, but the platform also incentivizes users’ participation. Users can win rewards by actively engaging with the platform and getting special voting rights to express their opinions about changes proposed in the protocol by other community members. The combination of these features creates a system where both the DigiToads team and the community act to ensure each other’s optimal growth.
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