The cryptocurrency sector has evolved with the focus shifting from well-established projects to new ones on the cusp of addressing real-world problems. DigiToads (TOADS) is a presale token poised to reach the moon as it offers users a play-to-earn gaming platform and staking opportunities. It’s on its way to rival Polkadot (DOT) and Cardano (ADA), which have been in play for years.
DigiToads Earnings Opportunity
DigiToads is a unique utility-backed meme coin that offers fun and exciting ways of earning in the blockchain. It has established a Web 3 game that only requires people to gather, nurture and combat unique DigiToads. As part of the game, people can buy, trade, and even win DigiToads.
In return, they must use the TOADs token to purchase food portions and training equipment to make their DigiToads bigger and stronger. At the end of every season, players with the largest and strongest DigiToads will be rewarded. DigiToads has already set aside 50% of all profits from the sale of game items to be used in the rewards scheme.
DigiToads is also committed to conserving the environment. Therefore, it is setting aside 2.5% of profits made from DigiToads to charities dedicated to replanting trees and preserving the environment.
In addition to attracting users into the ecosystem through P2E, DigiToads has also established trading competitions to help drive in more trading volume. The monthly trading competitions will see people walking away with monthly prizes of Platinum Toads. In addition, a platinum Toad holder will have access to the TOADS treasury.
TOADS is the deflationary token that will act as a medium of exchange in the ecosystem. People can use the token to pay for all transaction fees and purchase gaming items. A token-burning system is already in place to reduce the total number of TOADS that will ever be in circulation, even though the total supply is capped at 585 million.
Polkadot vs. Cardano
Polkadot and Cardano are some of the most established cryptocurrencies with a huge following and developer’s network. Polkadot has been on an impressive run rallying by more than 40% year to date after imploding in 2022. Like DigiToads, Cardano native token ADA is deflationary, meaning the total number of coins that will ever be in circulation is capped at 45 billion.
Cardano has also turned bullish amid renewed investor interest in the cryptocurrency sector. Its native ADA token is up by more than 60% for the year, in line with the bullish momentum in the sector. While the two tokens are up for the year, they differ a great deal.
Often billed as an Ethereum killer, Cardano is a project that seeks to enable and enhance the development of decentralized applications. The multi-layer blockchain focused on scalability operates on a proof of stake to validate transactions.
On the other hand, Polkadot is a layer two blockchain that seeks to enhance blockchain interoperability. Its primary goal is to make connecting and sharing information easy for different blockchains. Consequently, it is at the heart of a decentralized internet for blockchains, often referred to as Web 3. DOT is the native token that powers the Polkadot ecosystem with an unlimited supply.
Bottom Line
DigiToads is a new initial coin offering on the cusp of providing an exciting way to invest in digital assets and generate significant returns. While the token is currently in presale, it continues to elicit strong interest owing to its growing utility around P2E and NFT staking. The token promises gains of 5.5x returns and 450% returns upon listing on a major cryptocurrency exchange. Likewise, Polkadot and Cardano present unique investment opportunities for anyone focused on blockchain interoperability and the development of dApps.
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