Some meme coins have been touted as sleeping giants owing to the gigantic leaps they take within a short time. Red-Eyed-frog is one of those coins, which produced a monumental jump in the week. Its performance draws attention to DigiToads, a project that goes beyond what an ordinary meme coin can achieve. The project is multi-faceted and has so far surpassed expectations via its presale. Before going live, its coin will probably reach highs of about 450% from its initial presale launch price of about $0.01.
The red-eyed coin has been the talk of the town in the past week. It has managed enormous growth that can only bring into the conversation its peer DigiToads. An alternative that shows signs of exploding soon.
DigiToads has been around for a few weeks and already has surpassed over $5.8 million in presale. DigiToads' rapid ICO to reach monumental values is down to two facets it has been keen on promoting. Top of the list is P2E, and staking pools that help make interactions a possibility in the project. Financial pools in the project consist of liquidity pools and prize pools. Liquidity pools are a result of the democratic nature of the project that allows investors to come and go as they choose.
The prize pools are the massive interactive points that the project can boast of, it consists of money picked from different activities in the project. Prizes help run the P2E by rewarding the gamers, and a hook to bring in more investors in the project.
P2E runs on fair grounds to reward those at the top of the leaderboards. DigiToads has set out a gaming season that lasts up to a month, after which, every gamer knows where their gaming capabilities fall. Those within the top 25% have access to the prize pools, while the rest can increase the capabilities of their characters. They can choose to nurture them within the metaverse from a young age to adulthood or rev them up via the in-game purchase feature.
Passive investors also benefit from the in-game incomes that come in. The DigiToads ecosystem awards 10% of the revenues to these people as long as they own TOADS. Those in the game for speculative purposes also have something to look forward to. Noteworthy, those available at the start of the project's ICO bought a single TOAD for about $0.01. The value of the TOADs jumped to $O.O47 in stage 9, which is a 370% growth.
The potential of the project will go on until the launch date. Then the coin will have grown by 450%.
In the future, when the project has grown considerably, a token burn mechanism will kick in. The technique will guarantee that the majority of TOADS gain in value from a burn that will take out a significant percentage of any oversupply.
Steps to conserve the environment are laudable as they will make the project sustainable and more aligned with environmental issues that face society today. DigiToads will commit some parts of its profits to environmental-courses, geared towards a better climate in the future.
The red-eyed project witnessed a monumental rise that took it up by about 2800%. The unprecedented action shows the potential of meme coins and the role they play in the crypto markets. While the coin traces the positive results posted by most crypto, it has managed to be a standout in its 24-hour jump.
The coin has a supply of about 250,000,000,000, which means the project is at max supply. With a liquidity ratio of about 75%, the crypto remains a close watch.
Red-eyed frog explosion is a testament that crypto coins have potential. Their performance in the market continues to take the attention of investors. DigiToads is a coin to watch because it shows signs that it might follow the impressive jump displayed by the red-eyed frog.
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