SPONSORED POST*
The cryptocurrency market is a dynamic place where one can look forward to experiencing the potential of a wide range of digital assets. DigiToads (TOADS) is a new project which has been consecutively posting presale growth and building a global fan following for itself. The crypto project’s success can be attributed to its hybrid DeFi model where a user can get access to multiple opportunities to earn. Another reason why it is considered good crypto to buy now is because of its robust security framework that’s powered by Ethereum. The crypto project is currently in its 10th presale stage and has collected more than $6.7 million in presale funding so far.
DigiToads: An NFT staking pool that never runs out of funds
DigiToads is a new crypto project that is catalyzing the DeDi ecosystem with its varied features. With its hybrid DeFi model, DigiToads enables its users to explore a wide range of opportunities that can boost their residual income. Whether it’s staking NFTs, trading tokens, winning tokens in play-to-earn games or other contests, and even being rewarded with tokens for active participation, DigiToads has several earning options for an average crypto user. These rewards will always be in terms of the TOADS token, which is the native cryptocurrency of the DigiToads ecosystem and is used for all transactional purposes.
What’s special about the TOADS token is its deflationary model which prevents the token value from destabilizing. A deflationary coin’s available supply is always lesser than the quantity demanded. Having a limited supply prevents the token price from fluctuating too much and keeps the token value stable. The feature has enabled it to outperform many top crypto coins and continuously increase its fan base.
DigiToads’ key USP is its play-to-earn game where gaming enthusiasts get a chance to mix entertainment with crypto rewards. Every game season ends with the top scorers walking home with TOADS tokens as a prize. To be able to win these tokens, players have to score high and outperform their competitors in the game that’s based on a Metaverse swamp. Players can buy or trade in-game assets like special digital creatures with unparalleled strength DigiToads or even buy foods, potions, and training equipment for these creatures. The proceeds realized from all such transactions involving in-game assets are used for ensuring that the game’s prize pool remains flush with funds.
Just like the rewards pool, DigiToads also has a dedicated staking pool for giving out rewards to NFT owners who choose to stake their assets. The rewards keep on increasing with the staking period. To ensure that the staking pool doesn’t run out of funds, the team deducts 2% of all TOADS transactions that are processed on the platform.
In the coming months, the DigiToads team will be releasing a merchandise range that will help in promoting the platform’s popularity. The tokens raised as part of sale proceeds will be donated to organizations working for preserving rainforests.
Is Bitcoin headed for a bearish future?
Bitcoin is one of the best crypto investments that you can find in the market as it’s one of the earliest cryptocurrencies to have been introduced in the world. The blockchain network has released a native cryptocurrency called the BTC token that functions as the medium of exchange within its ecosystem. Bitcoin leverages the proof-of-work consensus protocol for verifying all transactions processed on its network and securing them. Despite its popularity, the BTC token has been at the receiving end of negative price action in the recent past. Going by its recent performance and patterns outlined by market indicators, analysts feel that the Bitcoin token is likely to stay on the bearish side of the market for the time being.
Conclusion
If you are looking for the best altcoins to buy now, both Bitcoin and DigiToads have their fair share of strengths to make the cut. However, many analysts believe that DigiToads’ hybrid DeFi model gives it leverage over Bitcoin in terms of growth potential. As DigiToads can empower its users to earn multiple opportunities, it has a higher potential for earning long-term returns. The platform also runs on a decentralized governance structure where all community members enjoy the freedom of expressing their opinion about operational issues. They also participate in the decision-making process with their voting rights and thereby ensure that the platform is growing optimally.
*This article was paid for Cryptonomist did not write the article or test the platform.
