Given their impressive market performance over the past few months, analysts are betting big on meme coins and feel that they are the best cryptocurrency to buy nowadays. Ethereum-based DigiToads (TOADS) is among the recent meme tokens to soar in the crypto market. The crypto project’s surge has even surpassed that of the popular meme coin Shib Inu. Experts have attributed DigiToads’ phenomenal success to its hybrid DeFi framework that allows users to explore a wide range of opportunities to earn passive income. The framework not only supports long-term gains but can also drive a wave of financial inclusion. The platform’s native cryptocurrency is called the TOADS token and it has raised more than $6.2 million in its presale stage. The stellar presale funding explains why the TOADS token is already on the best cryptocurrency ico lists of leading analysts.
DigiToads: Trading competitions that groom new treasury managers
DigiToads is a state-of-the-art cryptocurrency and its hybrid DeFi model has been making waves in the cryptoverse. With its innovative economic design, DigiToads opens up multiple avenues for its users where they can earn passive income. The secret to this multi-faceted design is a model that was created by merging three different tokens. Be it staking, trading, winning tokens in play-to-earn games, prize draws, or bagging rewards for actively engaging with the platform – there’s a wide variety of options for earning residual incomes.
A notable fact about the TOADS token is its deflationary character. In a deflationary model, the token supply is always kept scarce by burning extra tokens in circulation. The mechanism ensures that the supply doesn’t exceed the demand level and hence is always limited. As a result, price fluctuations are minimized and the token value also stays stable.
One of DigiToads key attractions is the trading competitions that the team organizes each month. These contests offer a two-fold advantage to DigiToads. For starters, it helps it attract high trade volumes daily. Secondly, they help the team select talented traders who could help with managing the treasury.
These contests invite community members to trade aggressively for a month and the participant who books the highest profit margin through trading is the winner. Apart from a share in the profits, the winners get to attend a brief training session with the DigiToads team where they learn all about treasury management. After the training, they go on to help the team with the task.
DigiToads has also carved a niche for itself with its staking feature. Its stake-to-earn mechanism, where NFT owners can earn rewards by staking their digital assets. the rewards will rise as the staking duration rises. Stakers are rewarded out of a pool that’s maintained by deducting 2% of the proceeds from all TOADS transactions.
Tangem plans to launch Shiba Inu wallets
Shiba Inu is among the altcoins to watch out for this year as it continues to make rapid strides in the crypto market. The dog-themed meme coin has three tokens that have different use cases. The first is the SHIB token which is the main utility token and is used for all transactional purposes. The second token is the BONE token that comes in handy for all transactional purposes and the last one is the LEASH token that’s meant for loyal supporters of Shiba Inu. The LEASH token enables Shiba Inu fans to access exclusive rewards and perks. In a recent development, self-custodial wallet Tangem announced that the eagerly awaited Shiba Inu wallets could hit the markets in July. The Swiss firm announced the wallet in May last year and unveiled its exclusive design. The Tangem-Shiba Inu wallet resembles credit cards and aims to simplify crypto funds management.
Conclusion
Both DigiToads and Shiba Inu are dependable options that you can choose whenever you are confused about what cryptos to buy now. However, there is one parameter where DigiToads steals a march over Shiba Inu – growth potential. Arguably, DigiToads is a better crypto project to explore if you are eyeing long-term gains. Its hybrid DeFi model and decentralized governance structure contribute to its growth potential. As crypto users leverage passive income-earning options to create a steady stream of funds, they can also contribute to DigiToads’ growth by staking and exercising their voting rights.
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