Up until a few years ago, if you wanted to explore the cryptocurrency market, Bitcoin was the only dependable option available. However, over the years more innovative projects have emerged that are winning over crypto users with their utility-centric models and robust security frameworks. DigiToads (TOADS) is a hybrid DeFi token that is powered by the Ethereum network. It has been garnering a lot of attention with its multifaceted model where you choose from different options to earn passive income. It’s among the best altcoins to buy now and even Chainlink holders are now switching to DigiToads.
DigiToads: The best of DeFi on one platform
DigiToads is an innovative digital asset whose model features the combined utility of a stake-to-earn platform, a meme coin, and a play-to-earn game. So, you can stake NFTs, trade cryptocurrencies, win crypto tokens and even win daily or weekly prizes with DigiToads. The platform has a native token called TOADS which will be used for all transactions. The TOADS token can be bought on presale. The ico is in its eighth stage and it has already raised over $4.8 million in presale funding. If analysts are to be believed the remaining two stages are also going to sell out fast like earlier phases.
The TOADS token is a deflationary cryptocurrency which means that the token supply is constantly being adjusted to ensure that it stays below the demand level. By intentionally keeping the token scarce in supply, the DigiToads team curbs price fluctuations. The supply is adjusted by destroying or burning any extra tokens in circulation. The DigiToads team schedules regular token burn events to keep the TOADS token supply in check.
DigiToads is among the best crypto investments that your money can fetch in 2023. It’s a single platform with a wide array of opportunities. For starters, its play-to-earn game is a lucrative opportunity to earn crypto tokens throughout the year. The best part about the game is that the top 25% scorers of a game season are declared winners and rewarded with TOADS tokens. The game seasons are also just a month-long, so one gets multiple chances to win throughout the year.
The most exciting feature of the game has to be its in-game asset – DigiToads. These DigiToads are special virtual creatures who have unparalleled strength and special powers. You can improve your chances of winning by trading or purchasing these DigiToads.
BlackRock to roll out Bitcoin ETF
Rolled out in the 2000s, Bitcoin is one of the earliest cryptocurrencies that the world was introduced to. Its success story opened new doors for blockchain innovators and for cutting-edge digital assets to flood the cryptocurrency market. Its native BTC is used for various transactional purposes and is also among the most-traded cryptocurrencies across the world. It leverages the proof-of-work consensus algorithm. Bitcoin’s token supply is managed by software and it can’t exceed 21,000,000 units. In a recent development, leading asset management company BlackRock announced its decision to register a Bitcoin exchange-traded fund by applying with the US Securities and Exchange Commission.
Chainlink is an abstraction layer that leverages a decentralized oracles-based network to connect smart contracts. Counted among the leading top crypto coins of 2023, Chainlink has a native token which is called LINK and it’s the medium of exchange on the network. Chainlink facilitates seamless communication between blockchain networks and data feeds and payment solutions. The communication supplies important off-chain information required by complex smart contracts. Chainlink recently announced that Golteum is the latest participant in its BUILD program. Golteum is a platform that provides fractionalized NFTs backed by precious metals like gold bars. With Chainlink, Golteum aims to develop its platform and boost the sale of fractionalized NFTs.
Whether it is Chainlink, Bitcoin, or DigiToads; each of these three cryptocurrencies has proved their mettle in the past with their impressive market performances. However, if you ask analysts about a good crypto to buy in 2023, most will suggest DigiToads because of its growth potential. The Ethereum-powered cryptocurrency enables its token holders to boost their passive earnings with multiple options and then even build a steady source of gains. In the coming months, analysts feel that the TOADS token could potentially grow by 40x.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.