Shiba Inu rival DigiToads raised over $750k in Presale as Stage 2 commences
The battle of supremacy is brewing in the meme coin sector as investors turn their attention to projects that address real-world issues and not trade purely on speculation.
DigiToads (TOADS) is one project that’s giving heavy hitters like Shiba Inu (SHIB) a run for their money, going by the strong interest in Presale.
DigiToads staking and P2E plans
DigiToads is a new project in the ever-growing cryptocurrency sector that seeks to provide users with new and exciting ways of investing and earning from digital assets. Built on the Ethereum blockchain, its core objective revolves around non-fungible token staking and play-to-earn (P2E) gaming.
While the project is still in Presale, it elicits strong interest in promising gains of more than 450%.
Built for the community, it offers several incentives for users engaging in various activities in the ecosystem. For instance, people can purchase, earn or win DigiToads. As part of the Web 3 game, people must try to nourish their DigiToads which have unique features, strengths, and weaknesses.
The nourishing and strengthening aspect can be done using the TOADS token to purchase food, potions, and training equipment to enhance the DigiToads. At the end of every season, the strongest and the largest DigiToads are to be rewarded through TOADS tokens.
Unlike other meme coins that trade purely on hype and pumping, DigiToads also seeks to impact people’s lives in different ways. For starters, it is to donate 2.5% of all the profits generated on the ecosystem to a charity focused on conserving the environment.
DigiToads plans to bring more trading volume into the network through monthly trading competitions. People who come on top, stand to win prizes of Platinum Toads each month.
The earnings will accord them the rights to access the TOADS treasury, therefore, be in control of whatever happens in the community.
Nevertheless, it is an NFT staking platform that affirms DigiToad’s credentials in the ever-crowded sector. Developers behind the project have agreed to set aside 2% of every TOADs transaction on the ecosystem to be used in the staking pool.
Consequently, TOADS token holders will be able to stake all the non-fungible tokens on the NFT staking platform for a chance to earn some passive income. Naturally, the longer an NFT is staked, the more the holders are likely to earn in rewards.
TOADS is the native token powering the network poised to dominate the meme coin scene for many years. It is a deflationary token with the total number of coins that will ever be in circulation capped at 585 million.
In addition, a token-burning mechanism is designed to burn the tokens over time to ensure scarcity and enhance value amid skyrocketing demand.
While the TOADS token is still in Presale, it continues to elicit strong interest owing to its focus on becoming a prominent brand around play to earn and NFT staking. Over $750k has already been raised in the second phase of the Presale, affirming the strong demand.
Shiba Inu impressive rally
Shiba Inu is another meme coin sending shockwaves in the burgeoning sector, since its inception in 2021, the coin has registered gains of more than 3000% owing to its Dogecoin killer credentials.
While the coin did implode in 2021, it has got its footing in 2023, going by the 40% plus gains.
While Shiba Inu has often been touted as a meme coin, it also operates as an open-source ecosystem for developing decentralized applications.
Its protocols enable the creation of smart contracts and apps, attracting a huge pool of developers into the network. Consequently, dApps and smart contracts’ proven utility has always affirmed the project’s long-term prospects.
DigiToads is a unique meme coin project that has the potential to generate significant returns owing to its focus on NFT staking and play-to-earn.
Its unique presale structure already gives early adopters an opportunity to gain 5.5x or 450% returns. In addition, its focus on community involvement and utility underscores its long-term prospects.
For More Information on DigiToads, visit the following;
Join the presale: https://digitoads.me/buyamb
Join the community: http://linktr.ee/digitoads
Disclaimer: This is a paid post and should not be treated as news/advice.