The crypto winter is over, and investors are increasingly buying cryptocurrencies that have the potential to play a key role in the new era of digital revolution. While the focus has been on big established cryptocurrencies, Filecoin (FIL), DigiToads (TOADS), OKB (OKB) are turning out to be hidden gems with significant upside potential.
Why DigiToads
DigiToads is a crypto project for anyone looking to generate significant passive income and benefit from price appreciation. Acting as a link between meme coins and play-2-earn spectacle, the project is already eliciting strong interest in presale on unveiling new ways of earning on the blockchain.
Its edge as a full utility meme coin stems from a new web 3 game that lets people collect and nurture DigiToads, earning them rewards in the ecosystem. In the Play-2-earn game, people only have to buy, trade, or even win DigiToads and then try nurturing them into becoming big and strong. This can be achieved by using TOADS, the network native token, to purchase food portions and training equipment for strengthening the DigiToads.
In return, the strongest and the largest DigiToads is to earn the owner some rewards in TOADS tokens. DigiToads is to set aside 50% of the funds raised from the sale of items in the game to be used in the rewards scheme.
DigiToads will offer trading competitions whereby people stand to earn Platinum Toads every month. Consequently, the best community traders will enjoy significant control of the treasury and ensure the community is always in control. Additionally, it is setting aside 2.5% of the profits generated in the ecosystem for use in initiatives targeting the replanting of trees and preservation of the rainforest.
DigiToads is operating an NFT staking platform whereby 2% of all transaction fees on the ecosystem are to be added into staking pools. People who stake the non-fungible tokens for longer will earn significant rewards from the staking pools.
TOADS Token
TOADS is the network currency that is to be used to settle all transaction fees. Additionally, it will double up as a governance token according to the holders’ right to participate in the project’s trajectory. While the total number of TOADS tokens that will ever be in circulation is capped at 585 million, there is a token-burning mechanism. The mechanism is to make TOADS a deflationary token by burning some of the tokens as part of an effort to limit supply to boost the underlying value.
Filecoin For Files Storage
Even as DigiToads enhances the way people earn on the blockchain through play-2-earn and NFT gaming, Filecoin seeks to enhance the storage of digital assets on peer-to-peer ecosystems. While people rely on central servers for the storage and transfer of critical information, Filecoin is offering a decentralized storage facility whereby users will have full control of their data.
In addition, it stands out for its ability to ensure the storage of underlying digital assets such as non-fungible Tokens. While digital art, music, and video can be too big to store on the blockchain, Filecoin is to offer an ideal solution through peer-to-peer systems. FIL is the native token that powers the ecosystem offering a way for people to access the decentralized storage systems.
OKX Decentralized Exchange
On the other hand, OKB is the native coin powering the OKX decentralized exchange. The exchange provides a platform through which people can swap different cryptocurrencies with ease and at some of the lowest costs.
OKB is the token that enables swapping in the ecosystem. Amid the growing demand for decentralized systems for trading various cryptocurrencies, OKEX should continue to elicit strong demand, resulting in a significant demand for the OKB token.
Bottom Line
There is no doubt that DigiToads is a high-growth token projected to explode in presale, supported by its utility around play-2-earn and NFT staking. While the coin trades for pennies in presale, it could explode by more than 450% while providing an opportunity to generate passive income through staking.
For More Information on DigiToads visit the website Here, join the presale or join the community
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.
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Source: thinkbitcoins