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The cryptocurrency market has been witnessing a shifting of gears as crypto users gravitate towards a new altcoin – DigiToads (TOADS). Powered by Ethereum, DigiToads is built on a hybrid DeFi market where users can become financially independent with multiple options for earning passive income. According to analysts, another reason that has contributed to DigiToads' popularity is the stagnation of Monero's trading volume. The privacy-focused cryptocurrency has clocked a tepid market response in the past which has prompted many users to switch to DigiToads. DigiToads' native cryptocurrency, the TOADS token, is currently in its 10th and final presale stage. It has topped leading analysts' best cryptocurrency ico lists for this year, especially after its presale funding reached $6.6 million. Market experts even believe that DigiToads has the potential to grow by 100x over the next few months.
DigiToads has been rated among the altcoins to watch out for in 2023 as it has been garnering global attention with its hybrid DeFi model. Its unique model paves the way for crypto users to become financially empowered with multiple options for earning passive income. Be it winning tokens in play-to-earn games, trading tokens, staking NFTs, and entering prize draws. All rewards and payments are made in terms of DigiToads' native cryptocurrency, the TOADS token. Developed as an ERC-20 coin, the TOADS token has a total supply of 585 million.
DigiToads' play-to-earn game is among its key USPs. The game combines the best of decentralized gaming with an attractive rewards future. It's based in a Metaverse swamp that's designed like an arena. Players have to score high scores by defeating their competitors in the swamp. The top scorers of a season are rewarded with TOADS tokens.
To boost their chances of winning in a game, players can buy in-game assets like special digital creatures to help them trump their rivals. These creatures are called DigiToads and have special powers and supreme strength. Using their traits, DigiToads can serve as loyal allies to players.
The only catch is that as every DigiToad will have varying powers, a player has no way of knowing if their DigiToad is stronger than that of their competitors. Players can overcome this hurdle easily by purchasing food, potions, and training equipment for their DigiToad. The tokens collected as proceeds from the sale of these in-game assets are used for maintaining the prize pool of the game.
DigiToads has emerged as one of the best cryptocurrencies to buy because of its staking mechanism. All NFT owners who agree to stake their assets are rewarded for their efforts from a staking pool. This pool is maintained by deducting 2% of all TOADS transactions that are processed by the platform. The longer the duration for which the NFT is staked, the higher would be the rewards. Over time, all TOADS NFT owners will be eligible for an equal share in the staking pool.
Monero is a privacy-centric cryptocurrency where users can make crypto transactions securely and at lightning-fast speed. Monero's native cryptocurrency is the XMR token which facilitates transactions between anonymous parties through cryptography. The platform uses the proof-of-work consensus protocol for securing its network and validating all transactions. It also leverages cutting-edge technologies like ring confidential transactions and multi-signature authentication for an added layer of security. Its cutting-edge security framework gives it an edge over other platforms where transactions can be traced. Despite Monero's popularity in the past, bears have been weighing heavily on its performance. Given its tepid market in the recent past, analysts feel that the XMR token is likely to post a bearish performance in the coming months.
By adding DigiToads to your portfolio, you wouldn't have to worry about what cryptos to buy now for a long time. Though Monero has its share of USPs, DigiToads steals a march over it because of its higher growth potential and hybrid DeFi model. The Ethereum-based crypto project equips its users with the right DeFi tools to experiment with various ways to earn passive income and secure their future. At the same time, DigiToads' decentralized governance structure gives these community members complete freedom to voice their concerns about operational issues and participate in decisions to ensure the platform's optimal growth.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
