In blockchain technology, we’re seeing new developments left and right. The Sui blockchain, a layer-1 platform crafted from the Move language by former engineers of Meta, formerly known as Facebook, has just hit the market with its main net. However, despite the buzz around its launch, the SUI token hasn’t entirely made the splash many anticipated.
Meanwhile, a new kid on the block, DigiToads, has been breaking the mold in the meme coin sector. This new ICO is turning heads and filling wallets with the presale already raising a staggering $ 3 million. Let’s delve into and unpack the reasons behind this fascinating contrast.
SUI Mainnet Goes Live: What Did We Expect?
Lighting up the blockchain world, the Sui Mainnet came online at the stroke of noon UTC this Wednesday, following a period of intense anticipation. This significant event trails the chain’s development team’s triumphant raise of $300 million during a Series B round in September 2022.
The testnet’s positive performance sets the stage for the mainnet, with projections indicating potential transaction speeds ranging from 10,871 TPS to an astounding 297,000 TPS under varying workloads.
To put this into perspective, Solana, recognized as one of the fastest layer-1 blockchains, touts a TPS of approximately 4,000. This emergence of high-performance blockchains represents a promising solution to the scalability challenges faced by giants like Ethereum, Near and Aptos.
Why Did SUI Drop, Though?
However, despite Sui’s impressive potential for high-speed transactions, its current network throughput leaves much to be desired. Currently, Sui manages a humble three transactions per second (tps), with a 30-day peak of 137 TPS.
This underperformance has disappointed many token holders, causing SUI’s value to plunge from $4.5 to $1.3 shortly after its launch.
In stark contrast to this, DigiToads, a newcomer in the meme coin space, has managed to raise a notable $3 million plus during its initial coin offering, stably continuous stellar performance amidst a turbulent market.
DigiToads Nominated As The Best ICO of 2023
DigiToads, an innovative meme coin platform, ingeniously integrates the play-to-earn and stake-to-earn models in the crypto landscape. Its native ERC20 token, TOADS, serves as the core medium of exchange within the network.
The presale process has been divided into ten stages to democratize access to this token. Currently in its fifth stage, aptly named ‘Lillypad 6,’ TOADS is valued at $0.027.
As a prime candidate for beginner cryptocurrency enthusiasts, DigiToads offers an intuitively designed interface that simplifies navigation. Beyond its easy-to-use platform, it hosts an array of opportunities for passive income generation, including staking, trading, competitions, giveaways, and in-game rewards. Interestingly, even mere token holders have the potential to earn rewards on DigiToads.
Another thing setting DigiToads apart is its plan to distribute monthly rewards to token holders via airdrops. These rewards will be sourced from a dedicated pool funded by a fraction of the project’s annual profits.
This solid business model, combined with the project’s market potential, suggests that the price of DigiToads could escalate to $1.25 per token by December 2023 and possibly reach $3.50 by the end of 2025.
Conclusion
Cryptocurrency industry constantly thrives on innovation, which is essential for achieving success. However, when a project fails to deliver on its anticipated promises, the unforgiving crypto community can be critical, as seen in SUI’s case. In contrast, DigiToads has captured the market’s attention by skillfully integrating various features and reward prospects into a single, vibrant, and enjoyable ecosystem. Consequently, the daily acquisition rate of TOADS is on the rise, indicating the platform’s expanding appeal.
Overall, the tale of these two DeFi coins highlights an essential tenet in the crypto domain: a blend of innovation, reliability, and a well-executed plan is vital for ensuring lasting success.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
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