The term altcoin was coined to refer to all cryptocurrencies that served as an alternative to Bitcoin. Over time as technology evolved and cryptocurrencies became a mainstream financial instrument, altcoins have garnered a global fanbase. You can be looking for a crypto for beginners or an established digital asset, there is an altcoin for everyone. If we talk about options with a huge growth potential, DigiToads and Solar are among the best options that one can get their hands on. While Solar might be headed towards a price recovery, DigiToads has been making headlines with rave reviews. Built on Ethereum’s ERC-20 protocol, DigiToads is a meme coin and a decentralized gaming platform rolled into one. Here’s a peek into what makes DigiToads worth the hype.
Here’s why DigiToads’ popularity is shooting through the roof
DigiToads is powered by an impactful economic model wherein users get to explore multiple opportunities and boost their passive incomes. It is a meme coin that doubles up as a play-to-earn vertical. The unique approach brings together the functionality of a meme coin with the innovation of a play-to-earn platform. If you are wondering which crypto to buy today, you should consider DigiToads given how you can explore both crypto trading as well as staking digital assets like non-fungible tokens. Its native token TOAD is used for all transactional uses on the network. Those interested can purchase it on presale. The TOAD token is a deflationary cryptocurrency. Under the deflationary model, the token supply is kept scarce to tame price fluctuations.
The platform’s play-to-earn game involves users competing in a virtual swamp arena with digital creatures called ‘DigiToads’. These creatures can be acquired by purchasing them with TOAD Tokens. Players also have the option of trading or winning them. These creatures have a unique set of capabilities that players can use to their advantage. To increase their chances of winning, players can buy training equipment, food, and potions for their DigiToad. The team allocates 50% of the proceeds from the sale of these items for maintaining the prize pool. Once the DigiToad season ends, the top 25% of the players get TOAD Tokens as a reward.
With its policy of rewarding community members, the team ensures that TOAD Token holders receive monthly rewards from a prize pool that comprises 10% of the profits earned in the project.
A key USP of the platform is the trading competitions that it organizes regularly. These competitions are organized every month and the winner gets a Platinum Toad as a reward. To win these contests, one would have to register the highest trading volume among all community members during the month-long period.
DigiToads might be a great crypto for beginners but profit isn’t the only cause driving its team. The DigiToads team is a firm believer in sustainability as a cause and would be donating 2.5% of the profits to charities working to replant trees and conserve rainforests across the world.
Solar’s SXP Token might be headed for a price rally
Solar is another project that has been a regular feature of many lists of the best cryptocurrency to buy. Powered by the SolarCore – a Layer-1 blockchain – the platform is an enterprise-grade ecosystem wherein developers get to build impactful decentralized solutions with open-source tools. Its governance structure is based on the DAO model which puts the community at the center and involves all stakeholders in its operations. SXP is a modular and sustainable token. It facilitates all kinds of transactional activities on the network. The SXP token is a popular cryptocurrency that has seen high trading volumes in the past. After seeing negative price action for a brief period, Solar is now surging ahead and recently posted a 228% uptick in its price. It is expected to stay in the bullish territory.
Conclusion
Despite their structural differences, there’s a similarity between DigiToads and Solar – they’re both extremely popular among crypto users and chances are most people won’t be able to choose between the two. Cryptocurrency analysts, however, are a different story. For most of them, DigiToads is among the best ICO to invest in. According to them, its versatility makes it an ideal long-term option. As far as prospects go, analysts feel it even has the potential to clock 100x returns soon.
For More Information on DigiToads visit the website, join the presale or join the community
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
