It is hard to pick something unique in crowded crypto spaces. Admittedly, traditional contentions such as Dogecoin (DOGE) have continuously faced stiff competition from new entrants such as DigiToads who are trailblazers, seeking to disrupt the market. While few have been able to stand as a long-term alternative to the traditional heavyweights, many have failed short. DigiToads (TOADS) early success in its pre-sale proves that utility-focused coins can have a chance against traditional heavyweights.
The Staking Reward Feature
Hype and speculation have been the best strategies for a coin to have a footing in the burgeoning crypto market. While the two approaches can push a coin some distance forward, they often fall short when something new and exciting enters the crypto space. The staking rewards feature, alongside other use cases, are highlights of the new platform DigiToads, which is betting on web3 as a growth frontier.
DigiToads has set up a staking pool that is governed by the able treasury, which oversees all the financial decisions within the ecosystem. The pool provides a perfect opportunity for passive income via reward pools that take in revenues via various avenues, including taxation and a clawback of profits.
NFT Staking is a growing opportunity in the crypto space, and DigiToads has created this avenue with an investor in mind. DigiToads NFTs are becoming increasingly popular, which allows investors to earn even in the early stages of coin issuance. The staking pools backed by DigiToads enjoy a boost every time an investor transfers assets or competes in play-to-earn games.
Ideally, for every transaction and activity, the pool receives some fees. The reward pools help keep the community involved, and circulate TOADS that could otherwise lie idle for speculation objectives.
Reward pools are also a significant factor in recruiting other TOADS investors. Each social forum run by DigiToads, be it on Twitter, telegram, or Discord, has some daily or weekly challenges. Those more active stand a chance to receive rewards from the staking pools. Further, the current pre-sale run by DigiToads promises rewards totaling $150,000.
Beyond staking, the token burn feature is another standout fronted by DigiToads. The element burns some TOADS in circulation as the DigiToads ecosystem continues to pick the attention of many. As TOADS become scarce, their value increases. Earlier investors will benefit from the Token burn feature because of the massive discount and rewards they get in each level of the presale, which is currently in Lilypad seven.
The impressive presale, which is currently at over $4.65 million, is a powerful indicator that the staking reward features and token burn are huge boosters that will help DigiToads compete with traditional heavyweights such as Dogecoin (DOGE)
Dogecoin (DOGE)
Dogecoin’s popularity came about by accident, and over the years, it has cemented itself as one of the most popular meme coins. It centers its existence on the blockchain, a peer-to-peer protocol that continues to enable the most secure interactions.
In its existence, Dogecoin has continued to prove its credibility by shooting up by a whopping 800% in January 2021. Also, the coin has picked the interest of top celebrities such as Elon Musk, which further propelled its value.
However, while holding on to its massive community and user base, the staking reward and play-to-earn features fronted by DigiToads might eat into Dogecoin’s popularity. Community-driven growth without utility has proven difficult to maintain over time, as the world looks for ways to make communication and financial interactions much easier.
Bottom Line
The crypto space has been around for about a decade, and in that period, meme-coins have come up and are flourishing. Within the decade also, new coins have popped up, living up to a short-lived hype, then quickly disappearing. DigiToads promises utility, reward features, and its base source of hype, which is its meme. The coin ticks all the boxes for a perfect asset for any investor.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
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