The crypto market has been abuzz with the attention that meme coins have drawn. For instance, even as Dogecoin records a dip in its popularity, Pepe Coin has been maintaining its momentum. At the same time, DigiToads (TOADS) has been making waves with its presale success. Powered by Ethereum, DigiToads is proof of how impactful hybrid DeFi can be in driving financial inclusion. Its dynamic model enables users to explore different opportunities for earning passive income and becoming financially independent.
DigiToads: Driving impact with hybrid DeFi
DigiToads is an Ethereum-powered platform that combines the utility of different cryptocurrencies to give its users multiple opportunities to earn. The TOADS token is the native cryptocurrency of the DigiToads ecosystem. The token is available on presale and has been in the news for its impressive growth. Rated as one of the best new icos of 2023, the DigiToads project has raised more than $6.2 million in presale funding and counting.
If you are ever confused about what crypto should I buy, you only need to remember the multi-faceted framework of DigiToads to snap out of the confusion. Consider its play-to-earn game. It has everything a gaming enthusiast might be looking for in a game – from interesting gameplay to eye-catching graphics and regular rewards. The game has been designed as a challenging experience that takes place in a virtual arena and players have to defeat their enemy.
There are 12 game seasons in a year and the highest scorers of each season are rewarded with TOADS tokens. As far as in-game assets go, you won’t be disappointed. One can trade or buy a special virtual creature called DigiToads which will help them compete as it has special powers and massive strength. You can also buy training equipment, food, and potions for the DigiToad to further boost their strength.
Another earning opportunity that crypto users get with DigiToads is by participating in its trading competitions. These contests are held every month and they reward the participant who fetches the highest trade volume in a month. These competitions also serve as a means for the DigiToads team to pick out talented traders who could assist it with managing the treasury.
The winners of such contests get remote access to the treasury and undergo a brief training period to learn the nuances of the skill. After their training, these traders go on to help the team with treasury management regularly. If you are new to the world of cryptocurrencies, these competitions are one of the best ways to learn cryptocurrency trading for beginners.
The DigiToads platform is also a stake-to-earn portal where NFTs can be staked in exchange for rewards. The longer your NFT is locked in for the bigger reward for the asset owner. These rewards are distributed from a pool that’s maintained by diverting 2% of all TOADS transactions that occur on the DigiToads network.
Here’s why Pepecoin might be in for bullish times
Pepecoin is a top altcoin that’s inspired by Matt Furie’s famous character ‘Pepe, the frog’. Its native token PEPE is used for all transactions on the network. One of its key draws is that it doesn’t charge any transaction fee which makes it a more cost-effective alternative to other networks. Over the past few weeks, Pepecoin has been witnessing a lot of positive price action which has led analysts to maintain an overall bullish outlook towards it.
Is Dogecoin headed for a bear run? Check out what analysts are saying
Dogecoin is another animal-themed meme token that took the world by storm when it was launched years ago and has still maintained its hold over the market. Its native cryptocurrency is DOGE and it’s the primary cryptocurrency of the network. In the recent past, the DOGE token has been subjected to a lot of negative price action. Judging its recent performance and market indicators, analysts feel that the DOGE token is likely to stay in the bearish zone for the time being.
Conclusion
While Pepecoin and Dogecoin have their strengths, analysts claim that they lag behind DigiToads in terms of growth potential. The combination of hybrid DeFi and a decentralized governance structure gives DigiToads an edge as it allows its users to grow along with it. Not only can crypto users contribute to operational matters but also leverage passive income-earning opportunities to secure their future.
