Coinbase’s Stock Still Fragile and May Crash, TOADS Holders Ultra Bullish

Leading cryptocurrency exchange Coinbase has been in the eye of the storm ever since it faced regulatory action by the US Securities and Exchange Commission. The regulatory body has accused Coinbase of trading at least 13 cryptocurrencies that should be categorized as securities. The lawsuit has also adversely impacted Coinbase’s stock price. Amidst the upheaval over Coinbase, one crypto project that has grabbed analysts’ attention for its stellar presale growth is DigiToads (TOADS). Given its performance in the latest ico, analysts feel it has the potential to trigger a bull rally over the next few months.

Why is everybody talking about DigiToads?

DigiToads has been developed by combining the features of three tokens. As a result, one can look forward to exploring high-end functionality with this platform. So, users can stake NFTs, trade tokens, win cryptocurrencies in play-to-earn games, and bag rewards for active participation. For transactional purposes like distributing rewards, staking, trading, or making payments, the platform has rolled out a native token called TOADS. The token is built on the ERC-20 protocol of the Ethereum network and it can be bought on presale. 

DigiToads is among the new altcoins that were announced earlier this year but it has managed to garner global attention with its cutting-edge features and decentralized governance structure. The governance model promotes participation by all stakeholders in decision-making and operational matters. All TOADS token holders get voting rights which they are expected to use while voting for proposals moved by other community members.

The Undoubted benefits of DigiToads

An important reason why DigiToads is among the best altcoins for 2023 is its Web 3.0 game. What sets it apart is that there is no one winner. The game has 12 seasons in a year and the Top 25% of the scorers of each season are rewarded with TOADS tokens. The game itself is quite exciting and the lucrative rewards make the effort put in by the players worth it. Players compete in an arena-style swamp to bag the highest scores. 

They have the option of buying or trading a special virtual creature called DigiToad to improve their chances of winning. These creatures are known for their unparalleled strength and special powers which makes them an important ally to have in the game. The other in-game assets that one can buy are food, potions, and training equipment for these DigiToads

There are also trading competitions held every month where community members have to bring in the highest trading volume. The winners share the profits they earned with the platform and also get to learn about treasury management with the DigiToads team. Once they learn the nuances, they assist the team in managing the treasury.

DigiToads is working on rolling out an online think tank where community members would be able to learn more about the subject of cryptocurrencies. The online think tank will be called the TOADS School and offer knowledge sessions on crypto tokens. What’s more, is that all TOADS token holders are eligible for special rewards that are airdropped into their digital wallets.

All you need to know about the TOADS token

The TOADS tokens’ total stock is fixed at 585 million. While a big share of these tokens has been set aside for the presale process, the remaining coins will be utilized for purposes like public sales, rewards, organizing competitions, maintaining the liquidity and staking pools, and funding marketing activities that can support the platform’s growth. The cryptocurrency ico is in its ninth stage and has one more presale stage to go. So far, the project has raked up more than $6 million in presale funding.

A notable feature of the TOADS token is its deflationary model where the supply is always kept scarce to curb price fluctuations. The DigiToads team burns any extra tokens in circulation so that the token supply is always below the demand. The mechanism keeps the token value stable and price fluctuations at bay.

Conclusion

If you are looking for a top crypto to invest in, DigiToads can be a dependable option. The platform’s hybrid DeFi model makes it an ideal choice for boosting crypto gains over the long term. One can take any opportunity to earn passive income that DigiToads offers and turn it into a steady source of earnings. The platform’s community-led governance also enables its users to contribute to DigiToads’ growth and take decisions that work in its favor.

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