Up until a few years ago, gaming was largely seen as a leisure activity. Decentralized gaming changed the status quo with the power of blockchain technology. While decentralization enables players to become a stakeholder in the game’s development, the ownership of in-game assets boosts their earnings. The twin benefit has helped play-to-earn platforms build massive followings. While projects like Decentraland and Axie Infinity have been quite popular among crypto users, DigiToads is fast emerging as the next-generation play-to-earn platform with a multi-faceted economic model. Widely considered one of the best altcoins of 2023, let’s find out more about its various utilities.
DigiToads: Decoding decentralized gaming
Powered by a cutting-edge technological framework, DigiToads is a meme coin that doubles up as a play-to-earn vertical and enables its community members to grow along with it. Being based on the decentralization autonomous organization (DAO) model, DigiToads allows users to have a say in its governance and contribute to its growth while earning passive incomes for themselves. Plus, it offers users multiple opportunities to earn, be it via its staking mechanism, trading competitions, or rewards.
Its native token TOAD is used for all transactional purposes including staking, governance, and purchasing in-game items, among others. The platform will be making these tokens available for sale through a 10-stage presale process. A key USP of this token is that it is a deflationary cryptocurrency wherein the tokens are burnt at regular intervals to keep their supply limited. A scarce token supply keeps the cryptocurrency price stable.
The reason why many analysts are counting DigiToads among the best crypto for beginners is because of its policy of rewarding users. For instance, all TOAD token holders are eligible for monthly rewards that are disbursed from a prize pool comprising 10% of the profits earned by the projects.
Its play-to-earn game requires players to compete with others in a virtual swamp arena with the help of digital creatures called ‘DigiToads’. Every DigiToad has a certain set of characteristics that set them apart. Players can help them gain more abilities by buying food, potions, and training equipment for their DigiToad using TOAD Tokens. The platform sets aside 50% of the amount realized from the sale of these items for maintaining the prize pool. At the end of every month when the DigiToads season ends, 25% of the players with the highest scores are declared winners and rewarded with TOAD Tokens.
The DigiToads team will also be donating 2% of its annual profits to charities working for rainforest conservation.
Axie Infinity announces overhaul of core systems
Axie Infinity is an interactive blockchain-based game wherein players can breed, battle, and trade digital creatures called Axies. These creatures have unique characteristics that can help a player’s chances in the game. They start playing, users have to either purchase the Axies from the in-house store or borrow three of the creatures. Its native token is AXS and it is used for all transactional uses on the network. Players can also amp up their chances by equipping Axies with charms and runes that unlock new action plans. It recently hit the headlines after it announced that it would be revamping its core systems to make them less vulnerable to security threats and more decentralized. Analysts expect the development to positively influence the token price and expect the AXS token to register a few bullish rallies in the medium to long-term future.
Decentraland hosts the second Metaverse Fashion Week
Built on the Ethereum network, Decentraland is a play-to-earn platform wherein players get to create virtual experiences, structures, and artworks. They can monetize their content by charging other players for visiting their creations. These experiences and structures are built on virtual properties called LAND within the Decentraland ecosystem. Each LAND is an NFT. For purchasing LAND, players will have to use the network’s primary cryptocurrency MANA. The Decentraland Foundation recently hosted the second Metaverse Fashion Week from March 28-31. It partnered with multiple metaverses for ensuring more interactive experiences for the audience by leveraging innovative technology and Web 3.0 strategies. The MANA token is expected to stay in a bullish phase according to analysts.
Conclusion
If you sit down to compare the three crypto projects, DigiToads stacks higher than Axie Infinity and Decentraland in terms of not just functionality but also reviews. Cryptocurrency analysts believe it can outperform the other two cryptocurrencies because of its higher growth potential and versatility. Plus, the DAO-based governance structure ensures that community members’ interests are always aligned with the platform’s long-term goals. The fact that many analysts expect the TOAD cryptocurrency to register 30x returns makes it a top crypto to buy.
For More Information on DigiToads visit the website, join the presale or join the community
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