Bitcoin has proved to be king in the crypto space and will remain so in the near future. While its stay at the top is undisputed, it is a platform with little utility. Ethereum is a second-generation crypto that has inspired a multitude of altcoins, DigiToads being a part of this.
Ethereum offers a somewhat easy entry point, compared to Bitcoin, however, it is still a dream for some newbies and veterans looking for something with high growth potential. This is where DigiToads (TOADS) comes in, the platform is a few months old, and something to consider for people looking for fun, utility, and entertainment.
Welcome to the World of DigiToads
DigiToads is currently on presale stage 8 and continues to prove its worth as it soldiers on to its official launch. At $5.7 million in earnings in the presale already, the coin is an alternative for newbies and veterans unable to take ETH and Bitcoin positions. So far its double appeal as a meme coin and utility product continue to make it appeal even more.
The meme coin feature is something that the TOAD meme community continues to appreciate. The hype surrounding the meme is an early growing factor that will push it so long as the meme remains popular. As and when the meme stops being exciting, the utility feature will kick in to enable the sustainability of the coin for a long time.
However, the treasury of the project does not anticipate a point where the meme will become less popular. Toad and frog memes have been around for two decades now, and are only picking up steam, owing to the growth of smartphones. Various activities in the project, created by the treasury, continue to affirm the position of DigiToads as the go-to destination for investors.
Noteworthy functions of the treasury are to maintain the staking pools, sustain the liquidity pools, and finally oversee the interactive activities in the swamp to keep people involved.
The liquidity pools exist to complement the democratic nature of the project that allows people to enter and leave whenever they desire. Staking pools feed the prize pools, which are the top interaction products in the DigiToads ecosystem.
Those involved in the project stand a chance to win massive prizes on top of what they have invested in the project. In a nutshell, DigiToads as a product, provides an opportunity for passive income.
As the DigiToads project continues to exist, a deflationary model will kick in at some point that will enable existing TOADS to pick up more value. The value is created by scarcity, which is a hallmark of many crypto projects that exist. Early investors are the largest beneficiaries of the model because of the massive discounts up for grabs now in the presale.
DigiToads’ launch presale price was about $0.01. Currently, it goes for about $0.047–a whopping 370% growth within several weeks. Each presale stage makes the coin worth more than the previous, meaning those likely to own TOADS on launch might see their investment up by about 400%.
The DigiToads project is exciting and has made steps to invest in environmental sustainability. Environmental concerns have been there for a while, and crypto plays a significant role in damaging the environment. DigiToads is standing with other environmental activists to protect the environment by offering a portion of its profits to different environmental courses.
The Ethereum Train
Ethereum has proven to be a giant in crypto space. Its utility function has inspired second-generation crypto coins. However, its projected stagnation over the past few weeks, and the fact that it needs considerable investment as an entry point, makes it somewhat bland for an investor looking for substantial returns in the short term.
Nonetheless, it remains a good alternative for crypto investors to explore.
Final Note
DigiToads’ early days are akin to the infant Ethereum project that birthed the current wave of altcoins. The coin’s exciting nature as a meme is what makes it different from the biggest crypto by market cap. However, the utility function put it on the same pedestal as the Ethereum project. It is something to consider for those who missed the early Ethereum train.
