DeFi companies are coming up with new developments to provide greater security, faster transactions, and more earning opportunities for crypto traders. For example, DigiToads (TOADS) is among the top listed altcoins to watch out for even during the presale, and Lens Protocol has developed a new L-3 decentralized social media scaling solution.
DigiToads (TOADS) Continue to Attract Traders to Meme Coins
DigiToads (TOADS) is a play-to-earn (P2E) and stake-to-earn deflationary meme coin developed for cryptocurrency trading for beginners. DigiToads (TOADS) will have its own Metaverse, The Swamp, for trading, gaming, and staking NFTs.
In fact, the DigiToads (TOADS) platform has trading competitions where users can win Platinum Toads every month. The twelve members who own Platinum Toads will be eligible for a 10% commission on all DigiToads (TOADS) trading profits.
DigiToads (TOADS) is currently in the Lilypad 5 presale stage and priced at $0.024. The meme coin has raised over $2.8 million so far and is gearing toward the next price hike (less than a month away). With only 272.5 million DigiToads (TOADS) available during the presale, there is high demand for meme-coins among crypto lovers.
Additionally, 2.5% of DigiToads’ (TOADS) profits will go to charities that replant trees and homes for Amazonian species. Furthermore, 100% of proceeds from the merch store will also go to the nominated charities. If you want to be a part of a noble cause while reaping the rewards, DigiToads (TOADS) is the community to join.
Become a part of the DigiToads (TOADS) presale to win some amazing weekly prizes. The company has weekly giveaway events on its community platforms (Discord, Twitter, & Telegram). Play, earn, have fun, and contribute to saving the environment from a single platform!
Bonsai, the New Layer-3 Network by Lens, to Scale Social Media Apps
Lens Protocol has released a beta version of its new blockchain social media scaling solution. The L-3 network is called Bonsai and aims to effectively handle the higher transaction volume on DeFi apps based on Lens Protocol.
Aave Companies, the development firm behind the project, said that Bonsai has been designed to scale transactions on decentralized social media apps while also being cost-effective. Lens Protocol allows users to monetize content and port digital relations between social media apps built on the protocol.
Built on the Polygon (MATIC) network, Lens Protocol suffered due to transaction and data capacity limitations. Bonsai is an answer to these problems and intends to provide hyper-scalability solutions for Web3 users.
Bonsai has three types of nodes – submitters (to validate transactions, build metadata, and submit the details to Bundlr), verifiers (to monitor the submitted data), and timestamps (to determine the timestamp and block number of the data).
Another crucial aspect is data availability as it plays a vital role in offering scalability to decentralized social media apps. Bonsai ensures that off-chain data will continue to remain accessible and verifiable due to its Layer-3 network design.
The developers soon announced that they were changing the name from Bonsai to Momoka, as the former was already in use.
DigiToads (TOADS) and Lens Protocol (LENS) are currently among the top NFTs to buy in the market. At the time of writing, Lens Protocol (LENS) is priced at $210.95, after gaining 5.2% in 24 hours. DigiToads (TOADS), on the other hand, is fast becoming the next-best beginner-friendly meme coin for crypto fans.
Don’t forget to check out the weekly giveaways at DigiToads (TOADS)!
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.