Valued at $4.83 billion in 2022, the global Web 3.0 gaming market is estimated to grow at a CAGR of 68.3% between 2023 and 2030. The figures reflect the rapid strides that the decentralized gaming industry has been making and how innovators are not shying away from letting their creativity run free while designing games. Presently, one of the best altcoins to buy now is incidentally a play-to-earn platform called DigiToads (TOADS) which is built on the Ethereum network. The decentralized platform is powered by a hybrid DeFi model which means that apart from gaming there are multiple other options available to people for earning passive income. The crypto project hit the headlines recently after its presale funding crossed the $6 million mark, $6.2 million to be exact.
Why is everybody talking about DigiToads?
DigiToads is a leading cryptocurrency that has been wooing crypto users with its hybrid DeFi model and its high-end utility. What makes it good crypto is that DigiToads sports the features of three cryptocurrencies. So, you don’t have to switch between different platforms to stake, trade, or play Web 3.0 games. Another advantage that users get with DigiToads is that they are rewarded for active participation. For instance, the platform has a native cryptocurrency called the TOADS token that functions as the medium of exchange on the network. All TOADS token holders receive rewards for just holding the tokens.
Next, its decentralized governance structure invites suggestions from community members that could boost DigiToads’ operational efficiency. Community members can make these suggestions by moving proposals seeking the required changes. These proposals would be put for a vote before the community. All TOADS token holders get voting rights that they can use for expressing their opinion about the proposed suggestions.
Here’s How DigiToads brings you the best of Metaverse gaming
DigiToads’ play-to-earn game is one of the finest specimens of how DeFi could transform the gaming ecosystem. The game entails an exciting storyline with a lucrative rewards system and stellar graphics adding to its draw. There will be 12 game seasons in a year, so players can get multiple attempts to hone their skills. At the end of every season, the players scoring the highest are rewarded with TOADS tokens. To make it to the winning side, players try to defeat each other in a Metaverse swamp that has been designed like an arena.
As they get ahead in the game, players are likely to face more difficult challenges. They can also buy or trade a special digital creature called DigiToad. A DigiToad can be a loyal ally to a player as the creature has special powers and unparalleled strength.
However, there’s a catch. As all DigiToads will have varying powers, there’s no way of knowing if a competitor’s DigiToad is more powerful. To work around this problem, players can purchase food, potions, and training equipment to help boost their DigiToad’s strength.
All you wanted to know about the TOADS tokens
The TOADS token is built on the ERC-20 standard of the Ethereum network. The TOADS token is giving top crypto coins tough competition because of its versatile structure. The token has been so designed that it could meet all transactional obligations that a user may encounter on the network. The token has a deflationary character which shields users’ returns against market volatility and price fluctuations. Under the deflationary mechanism, the token supply is always controlled so that it doesn’t exceed the supply. Any time there is a mismatch, the extra tokens are burned or destroyed.
Users who purchase TOADS tokens will be able to access them as soon as the payment is processed because there is no vesting period.
Conclusion
It won’t be wrong to call DigiToads one of the best crypto investments of 2023 as it enables its users to explore a wide array of options to become financially independent. These opportunities could be leveraged to build a steady source of income for securing one’s future. Another key reason why many analysts seem to be rooting for DigiToads is the monthly trading competitions that its team organizes. These trading competitions help the team select skilled traders who can help the team manage the treasury. With these contests, the community members also get a chance to contribute to the platform’s growth.
