The past few months might not have been the best for Circle Internet Financial, who’s behind the world’s second-largest stablecoin USDC, as it faces heat from the US Securities Exchange Commission. In light of the bank deposit crisis, popular altcoins like Binance (BNB) and USDC prices fell massively as traders went on a selling spree. However, many crypto users found refuge in a new project that is emerging as a promising and sustainable alternative – DigiToads (TOADS) as it emerges as one of the best altcoins to buy now. Powered by Ethereum, DigiToads is a state-of-the-art meme coin that has been making waves with its hybrid DeFi model.
DigiToads: The best crypto investment of 2023
DigiToads is no ordinary meme coin. The reason is its dynamic economic framework that features the benefits of three cryptocurrencies – a stake-to-earn platform, a play-to-earn game, and a meme coin. So, you get thrice the utility for the price of one. With this hybrid DeFi mode, one can earn residual income by staking NFTs, trading cryptocurrencies, winning them in play-to-earn games and even entering daily or weekly prize draws.
The platform has also rolled out a native coin called the TOADS token and it’s used for all transactions on the network.
As its presale stages break new records, the TOADS token is currently one of the most-demanded coins in the crypto-verse. With eight out of 10 presale stages complete, the project is currently in its 9th stage and has raised over $5.76 million in funding till now. You can buy the token for 0.047 USD currently.
What makes the TOADS token a good crypto to buy is its deflationary model which shields users’ returns from market volatility. In a deflationary cryptocurrency, the token supply is always kept scarce by burning any extra tokens in circulation. A limited supply will minimize price fluctuations and keep the token price stable.
The DigiToads team has laid out an extensive roadmap for the platform’s future development. These plans include a pledge to donate 2.5% of the annual profits of the project to organizations working for environmental conservation every year. The charities that would receive these donations would be picked out by the community members. The team would also be designing a range of official merchandise and posting for its sale online. The proceeds from the sale of these items would also go to the organizations selected by the DigiToads community members. No wonder it’s being called one of the best crypto investments of 2023.
Another plan that the team is currently working on is a virtual think tank where community members will be able to attend informative sessions on cryptocurrencies. The think tank would be called the TOADS School and to attend these sessions, community members would have to own at least three NFTS.
The Binance Coin or BNB is the main token of the Binance exchange. By holding the BNB token, holders can look forward to enjoying multiple perks on the Binance exchange. For instance, BNB token holders can access discounted fees on the exchange. Token holders with extra BNB tokens and a 30-day accumulated trading volume can explore VIP tiers that come with additional rebates and perks. Also, Binance users can exchange non-tradeable amounts of different cryptocurrencies into BNB tokens. In a recent development, the exchange’s European banking partner Paysafe Payment Solutions announced that it will be terminating support to Binance from September onwards.
USD Coin’s new protocol launched on Arbitrum
The USD coin is one of the earliest stablecoins that the world was introduced to. What stands out about the cryptocurrency is that it’s pegged to the US Dollar on a 1:1 basis. In other words, every unit of USD is backed by a $1 that is locked in reserve. Its native token is USDC and it’s used for all kinds of transactions involving the USD Coin. The stablecoin recently hit the headlines after Circle, which issues the USDC token, launched its Cross Chain Transfer Protocol on the Arbitrum blockchain.
With many top crypto coins coming under the regulatory glare, crypto users are preferring options that can facilitate long-term gains. Given their preference, DigiToads appears to have an upper hand over Binance and USDC as it has a higher growth potential. Analysts attribute this USP to DigiToads’ unique model where users can explore different opportunities to earn passive income. Over the next few months, experts feel that the TOADS token can potentially surge by 40x.
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