The recent price prediction for Cardano has left many of its token holders second-guessing about its future. Recent reports suggested that Cardano might take a beating in the near future. As a result, disappointed Cardano users are now looking for the best crypto investments in the market. To that end, DigiToads (TOADS) has emerged as one of the new tokens that crypto users are quite excited about. Built on the Ethereum network, DigiToads is a new cryptocurrency project with a multi-utility model and multiple opportunities to earn.
DigiToads is the best altcoin to buy now
DigiToads is a hybrid DeFi platform that amalgamates the utility of three cryptocurrencies — a stake-to-earn platform, a play-to-earn game, and a meme coin. The unique utilities of the crypto project allow its users to stake, trade, win tokens in Web 3.0 games, and earn rewards for active participation on the same platform. It has released a native token that’s called TOADS token and it’s the primary cryptocurrency on the DigiToads network.
The TOADS token is available on presale and judging its presale growth it’s no wonder that analysts are calling it a good crypto to buy in 2023. The presale in its 9th stage selling each TOAD token for $0.047 & with eight out of 10 presale stages complete, DigiToads has raised over $5.7 million and sold almost 94% of the tokens that it had reserved for presale.
DigiToads also has a staking pool which is used to reward community members for staking their TOADS NFTs. The pool is maintained by diverting 2% of all TOADS transactions to it. The rewards that community members get vary with the time for which an NFT is staked – the longer the duration, the higher the rewards.
DigToads’ trading competitions are one of its most distinctive features as they not only help the platform draw high trade volumes but also scout skilled traders who can assist in treasury management. These trading competitions are held once a month and the participant bringing in the highest profits wins.
The winner also receives 10% of the profits to incentivize their efforts. The winners then go on to train under the DigiToads team and learn about treasury management. Once they master the art of treasury management, they go on to help the team in the task.
Another feature of DigiToads that’s drawing a lot of users to the platform is its play-to-earn game. The game’s USP is that the Top 25% of the scorers of a season are rewarded with TOADS tokens. The season lasts for just a month, so one gets multiple chances to participate in the game. To end up on the winning side, players have to defeat their competitors in a Metaverse swamp.
They can buy or trade a special breed of digital creatures called DigiToads who can help players gain an upper hand as these creatures have special powers. If they are feeling generous, players can also purchase training equipment, food, and potions for their DigiToads. Be it these items or DigiToads themselves, all in-game assets can be bought with TOADS tokens.
Vodafone’s German arm to launch NFT series on Cardano
Cardano is a leading decentralized platform where developers can access cutting-edge tools to build scalable and secure dApps. Its native token ADA is used for fulfilling all transactional obligations on the network. It’s powered by the Ouroboros, which is a peer-reviewed and evidence-based blockchain protocol that lends unparalleled security to dApps.
With Ouroboros, developers can also look forward to scaling their dApps on a global level without any hassles. In a recent development, Vodafone’s German subsidiary Vodafone Deutschland is in the process of rolling out an NFT series on Cardano.
Conclusion
If you are looking for top crypto coins, an important factor to consider is a token’s capacity to fetch long-term gains. Choosing between Cardano and DigiToads can be a bit difficult, especially for new investors, but for many analysts, the answer is DigiToads because of its higher growth potential. The crypto project’s hybrid DeFi model enables TOADS token holders to explore several options to earn passive income and each of these options can be turned into a steady source of earnings. Plus, the more token holders participate, the higher will be the rewards they will be eligible for. As far as prospects go, analysts feel that the TOADS token has the potential to grow by 10x over the next few months.
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