If the recent crypto trends are anything to go by, meme coins seem to be on a roll these days. Over the past few weeks, the market has been flooded with new innovative projects that are driving impact by leveraging the benefits of tokenization.
There was a time when if you were keen on meme coins, Shiba Inu and DogeCoin were among the only available options. In the recent past, DigiToads is aiming the new projects that are fast gaining the attention of even retail buyers.
Built on the Ethereum network, DigiToads is in the race for the best defi crypto to invest in 2023 due to its unique economic model that gives users the benefit of a meme coin and a play-to-earn vertical with a single platform. Here’s a deep dive into the main characteristics of DigiToads.
DigiToads: A meme coin with a multi-faceted economic model
DigiToad combines the best features of a meme coin and a play-to-earn vertical to empower users and create a community of thriving members who can contribute to its growth.
Its native token is TOAD and is used for staking and other similar transactional uses. The DigiToads team plans on releasing the entire token supply in 10 presale stages. TOAD token’s first presale stage ended recently and it sold out shortly after the launch.
The presale phases have managed to raise over $751k so far. The increased demand has also pushed its price ahead of the second stage. The team is also doxxed and a large number of tokens are being sold to the public which reduces the chances of a rug pull event.
If you are a gaming enthusiast, the cryptocurrency ICO has lots to keep you hooked. To start with, each player would have to purchase a DigiToad, which are digital creatures that can help you compete with other players in a virtual swamp arena. Players can also trade these digital creatures or win them in the contests organized by the platform.
These DigiToads have certain characteristics like the strength that give their owners leverage. If you feel your DigiToad could use an extra push, you can also buy equipment to train them, food, and potion to make them a more valuable companion.
Each DigiToad season lasts for a month and the players with the highest scorers are adjudged the winners. These winners are rewarded with TOAD tokens from a prize pool. To maintain this fund, the team allocates 50% of all proceeds coming from the sale of food, potions, and training equipment for DigiToads.
You can also stake non-fungible tokens on DigiToads and get rewards in return. The rewards will vary with the period for which the asset was staked. The DigiToads team has set aside 2% of all TOAD transactions for maintaining its staking pool.
DogeCoin prices soar after the Twitter logo change
Launched in 2014, DogeCoin has been designed as a peer-to-peer cryptocurrency that is also favored by Shiba Inu holders. The open-source platform has released a native token called DOGE. Users can choose to mine either solo or by joining a mining pool.
In news that turned around DOGE holders’ fortunes almost overnight, Twitter CEO Elon Musk recently announced that the microblogging site’s logo which was earlier a bird will now be the DogeCoin logo.
The announcement sent the prices for the DogeCoin token soaring as crypto users rushed to get their hands on the token.
Shiba Inu sees positive action after whales accumulate huge volumes
If you are looking for a beginner cryptocurrency with a good record, Shiba Inu is a great option as it is one of the earliest meme coins to be launched in the world.
It is inspired by memes based on a Japanese dog breed. Its native token is SHIB which is used for dealing with transactional purposes on the network. SHIB Token is among the most readily accepted cryptocurrencies both via third-party intermediaries or direct payments.
Apart from SHIB, the Shiba Inu team has also rolled out three more crypto tokens – BONE and LEASH. The recent accumulation by whales sent the prices of many popular meme coins like Shiba Inu rallying.
Choosing between Shiba Inu, DogeCoin, and DigiToads can be tough for an average cryptocurrency user. However, if you compare the three cryptocurrencies, it is clear that DigiToads fares better when it comes to the sustained growth of earnings.
The key reason why it is being considered among the best coin to invest in 2023 is largely due to the unique economic model that allows you to earn passive incomes in a sustained manner.
Even the analysts who have reviewed it are quite optimistic about its prospects and suggest that it has the potential to fetch 30x returns soon.
For More Information on DigiToads, visit the following:
Join the presale: https://digitoads.me/buyamb
Join the community: http://linktr.ee/digitoads
Disclaimer: This is a paid post and should not be treated as news/advice.