Ethereum is one of the most popular and widely traded cryptocurrencies of all time. In 2022, the Ethereum blockchain had a significant share in the global decentralized finance (DeFi) market. It achieved another milestone after the number of staked ETH tokens crossed 20 million. Another cryptocurrency that is making remarkable progress in the DeFi market is DigiToads (TOADS). It is built on Ethereum’s network and has a unique hybrid model, captivating the utility of three distinct cryptocurrencies.
DigiToads: The Best Crypto Investment of 2023
DigiToads is a revolutionary crypto project that combines a meme coin, a play-to-earn game, and a staking platform. The highlight of TOADS cryptocurrency is that it offers users the opportunity to stake NFTs, trade tokens, and enjoy eb 3.0 games with lucrative rewards with only a few clicks. To access these advantages, users need to get the native token of the DigiToads network – the TOADS token. The token is modeled on Ethereum’s ERC-20 protocol and is the medium of exchange for the DigiToads network.
The TOADS token can be bought during the presale, which is now on its ninth stage and will end soon. Up to this point, the project has raised more than $5.74 million in presale funds and has sold about 94.81% of the tokens allocated for presale stages.
What makes DigiToads an attractive crypto to invest in is its deflationary character. With a deflationary model, DigiToads protects its users’ interests by keeping the supply below the demanded level, which helps minimize price fluctuations. To control the supply, extra tokens in circulation are destroyed in the ‘token burn’ events that the DigiToads team organizes regularly.
There is no vesting period, so buyers will be able to access their purchased tokens right after the payment process is complete. However, users should know that when they decide to sell the TOADS token, they would have to pay a 7% sell tax. The tax proceeds will be used for various purposes, such as maintaining the liquidity pool, the NFT staking pool, and the treasury. Additionally, some tokens collected as tax proceeds will be burned to limit the supply.
In the coming months, the DigiToads team will be launching their official merchandise, which community members can buy. The proceeds from the sale of these items will be donated to organizations that work for environmental conservation. The team will also be donating 2.5% of the annual profits to organizations devoted to preserving rainforests.
HSBC Hong Kong Allows Ethereum Trading in ETFs
Ethereum is one of the top cryptos that have been able to maintain its position in the crypto market for years. The open-source blockchain and its advanced technology power not only DeFi platforms and dApps but also cryptocurrencies, NFTs, and virtual machines. Its native token is ETH, and it is the main cryptocurrency of the Ethereum network.
In 2022, the platform executed a major software upgrade, transitioning from the proof-of-work consensus protocol to the energy-efficient and sustainable option – the proof-of-stake algorithm. This upgrade lasted several months and was called ‘The Merge’. In 2023, Ethereum announced another upgrade – the Shanghai upgrade, where ETH token holders would be able to unstake their coins and withdraw ETH rewards. Recently, HSBC Hong Kong declared that it would allow its users to trade the ETH token with Exchange Traded Funds (ETFs).
Conclusion
When looking for the best altcoins to buy now, Ethereum and DigiToads are great options. But what about the long-term perspective? How do these cryptos fare in terms of growth potential? Most analysts will go with DigiToads because of its multifaceted model. With more than one way to earn passive income, users will not be running out of options anytime soon. Moreover, they can leverage these options to build a steady source of income. Market experts believe that the TOADS token has the potential to grow by at least 40x over the next few months.
Visit DigiToads Presale, Mint DigiToads NFTs Here, Buy DigiToads NFTs on OpenSea and join the community on Twitter to learn more.
