A major shift is taking place in the burgeoning cryptocurrency sector. While the focus for the longest time has been established projects, investors are increasingly taking note of projects likely to address real-world problems and play a pivotal role in the digital revolution. Unfortunately, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have traded on the hype for the longest time without any substantial utility or use case.
In comes DigiToads (TOADS), a revolutionary project that is already having a ripple effect in the meme coin sector thanks to its proven utility around play to earn gaming and NFT staking.
DigiToads Full-Utility Meme Token
DigiToads is the latest addition to the meme coin sector, with an added touch on proven utility. The Ethereum blockchain-based project has become an expert favorite in moving to revolutionize the Web 3 P2E gaming space. In the thrilling Web 3 game, gamers are able to collect, nurture and battle unique DigiToads for an opportunity to earn big rewards in TOADS, the network native token.
For instance, players will have to purchase unique DigiToads that come with a unique set of characteristics, strengths and weaknesses. In return, owners will have to make their DigiToads the strongest within the Swamp arena by purchasing food and training equipment. At the end of each season, the DigiToads that come out on top as the largest and strongest will receive the TOADS token as a reward.
DigiToads is to set 50% of all the funds collected from the sale of items used in the game for the rewards program. The funds are to go to 25% of the players that come out on top of playing the Web 3 game.
While using the DigiToads Web 3 game to attract more people to the platform, the project will also run trading competitions in a bid to increase trading volume. The trading competitions will see people walk away with prizes of Platinum Toads each month which accord them rights to the TOADS treasury.
In addition, DigiToads is making it easy for people to generate some passive income from staking their non-fungible tokens. Therefore, it has established a staking platform whereby people can stake their NFTs to earn rewards.
TOADS is the native token that users will need to purchase items within the DigiToads ecosystem. It will act as a medium of exchange for settling transaction fees while also doubling as a governance token. As a deflationary token, only 585 TOADS tokens will ever be in circulation. There is also a token-burning mechanism that will continue to reduce the total circulation supply to trigger scarcity and enhance value.
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Dogecoin’s Lack of Utility
Dogecoin is the prolific meme coin initially created to mock other cryptocurrencies. While it has become one of the most popular in the sector, most of it has to do with the pumping by Twitter CEO Elon Musk.
While the coin is up by more than 30% for the year, its lack of solid utility, as the one proposed by DigiToads, has always been its biggest undoing. In addition, while it operates as a peer-to-peer meme coin, it faces stiff competition from the likes of Solana, Cardano and Bitcoin, which also offers ways of sending and receiving cryptocurrencies.
Shiba Inu is another impressive meme coin, up by more than 35% for the year. After last year’s deep correction, the rally has come at the back of the overall sector bottoming out. The stellar price performance has to do with the unique meme project pursuing growth opportunities around decentralized finance.
Shiba Inu continues to witness tremendous growth and popularity in its bid to enhance transactions on the blockchain. As a result, the coin comes back with a big following, most of whom have invested in it.
Meme coins offer some of the best investment opportunities owing to the amount of volatility involved in the sector. Unlike in the past, the best plays are tokens that come with proper utility and use cases. DigiToads is one of the projects that ticks all the boxes and is well poised to outperform Dogecoin and Shiba Inu with gains of as much as 700% according to analysts.
For More Information on DigiToads visit the website, join the presale or join the community for regular updates.
The post Why DigiToads (TOADS) Could Win Outdo Established Meme Coins Like Dogecoin (DOGE) and Shiba Inu (SHIB) appeared first on CoinChapter.
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