It won’t be wrong to call 2023 the year of meme coins. Inspired by viral memes, these cryptocurrencies are not to be taken in jest, if their valuations are any indication. Take the example of Shiba Inu. What started as a viral meme soon evolved into a full-blown digital asset, thanks to the power of tokenization. Today, Dogecoin is among the most traded meme coins. What’s more, is that the new generation of meme coins is now catalyzing the crypto ecosystem with impactful ideas. DigiToads, Love Hate Inu, and Dogecoin are considered among the best tokens to invest in 2023 because of their innovative features.
Powered by Ethereum’s ERC-20 protocol, DigiToads has been garnering rave reviews from both crypto enthusiasts and analysts because of its cutting-edge DeFi mechanism that brings together the functionality of a meme coin and a play-to-earn feature.
Full marks for functionality
DigiToads has been designed as a high-growth utility token that amalgamates the best features of a meme coin and a play-to-earn platform. The combined functionality makes it a versatile token with multiple outlets to add to your passive income. For starters, you can clock new gains by participating in the DigiToads game. At the same time, the other options available for boosting earnings are staking non-fungible tokens, participating in trading competitions, and holding its native token.
The platform’s native token $TOAD is the primary cryptocurrency on the DigiToads network. If you are interested, you can purchase it on presale. A key USP of the TOAD token is that it is a deflationary cryptocurrency. Under a deflationary model, the token supply is kept limited by burning tokens. The measures serve as a shield against price fluctuations while ensuring that the value of the token remains stable.
Big boost to passive income
DigiToads’ play-to-earn game is its biggest draw wherein users compete with each other with the help of their digital companions. These companions are called a ‘DigiToad’ and can be acquired by either purchasing them, trading them, or winning them. These creatures also have special characteristics like strength or unique abilities which could help players gain an advantage in the game. Also, players can buy food, potions, and training equipment for DigiToad to increase their chances of winning. Players will be able to purchase these items with TOAD Tokens and half of the proceeds from such sales are allocated to maintaining the prize pool. These DigiToads will be competing in a virtual swamp arena.
Once the DigiToads season ends after a month, the top 25% scorers are declared winners and are rewarded with TOAD Tokens.
If you are wondering about which crypto to buy today for the long term, you should consider DigiToads given its stellar staking mechanism. Users can stake NFTs on the platform and earn rewards in exchange. The longer the period for which the asset has been staked, the higher would be the returns. For maintaining its staking pool, the team sets aside 2% of all TOAD transactions. The move ensures that there are always ample funds available for rewarding community members.
The DigiToads team will be donating 2.5% of their profits to charities working for rainforest preservation and replanting trees across the world.
What experts are saying about DigiToads
As a crypto for beginners, DigiToads’ decentralized autonomous organizations (DAO) model of governance ensures that all stakeholders are involved in the management of the platform. Community is one of the key focus areas for the team and its members are regularly rewarded for their participation. For instance, TOAD token holders will receive monthly rewards from a prize pool comprising 10% of the profits earned by the platform. These rewards will be airdropped to the token holders’ accounts.
For More Information on DigiToads visit the website, join the presale or join the community
