The rate of cryptocurrency adoption has been gaining steadily globally. The average rate of global crypto ownership for 2023 has been pegged at 4.2%, with more than 420 million cryptocurrency users across the world. Apart from traditional options, meme coins are among the most sought-after blockchain-based assets in the market today. In the recent race for top crypto coins, DigiToads has been slowly but steadily outperforming popular options like Baby Dogecoin and has been fast gaining traction. The jump in DigiToads' popularity is largely because of the multiple opportunities that users get to earn passive income with the platform. Here's a deeper look at some of its important characteristics.
Here’s how DigiToads is catalyzing the meme coin segment
DigiToads is powered by the Ethereum network and is a meme coin that features a popular play-to-earn gaming ecosystem. The hybrid model helps DigiToads not only offer enhanced functionality but also serve as a versatile cryptocurrency. There are ample opportunities to earn residual income, be it by staking NFTs, earning rewards, trading, or participating in its Web 3.0 game. Its native token TOAD is the medium of exchange on the network and interested buyers have been purchasing it on presale. The entire supply of tokens will be made available through a 10-stage presale process. After being sold out in the first stage, the TOAD token's price has been heating up. Cementing its spot in the list of best crypto for beginners, DigiToads has already raised over $750K during its presale stage. The TOAD cryptocurrency is based on a deflationary model wherein these tokens are burned at regular intervals to keep their supply scarce. A limited supply shields users' interests by minimizing price fluctuations.
Its play-to-earn feature offers users an exciting game where users can have fun while earning passive income. According to the rules, users will first have to acquire digital creatures called DigiToads either by buying them or trading them. Alternatively, players can win them in the competitions organized by the network. What’s special about these DigiToads is that each creature will have a set of unique characteristics that can positively affect the player's chances of winning. To boost their chances, players can buy potions, food items, and equipment for training their DigiToad using TOAD tokens. 50% of the proceeds from the sale of these items would go to maintaining the prize pool. When the DigiToads season ends, the highest scorers are rewarded with TOAD tokens.
The DigiToads team also organizes monthly trading competitions to attract high trade volumes daily. The winners of these competitions are given Platinum Toads, which grant its recipient remote access to 1/12th of the DigiToads treasury. To win in these trading competitions, a user has to trade the highest volume of tokens in a month. Plus, they also get to keep 10% of the profits they earn for the platform as an incentive for increasing the treasury size. Another benefit of organizing these trading competitions is that they ensure that the DigiToads treasury is being controlled by the most talented traders.
The DigiToads team will be donating 2% of the profits earned by the project to organizations involved in preserving rainforests and replanting trees.
Bybit Spot adds support for Baby DogeCoin
Baby DogeCoin is among the leading cryptocurrency for beginners in the current market. Its native token BABYDOGE is the primary cryptocurrency on the network. The meme coin offers token holders a higher transaction speed. With a thriving rewards system in place, Baby DogeCoin users can look forward to being rewarded for their participation. For instance, BABYDOGE holders get rewards for simply holding the token in their wallets. The number of tokens in their wallets also increases as token holders receive a 5% fee from each transaction processed on the platform. In a recent development, cryptocurrency exchange Bybit Spot announced that the Baby DogeCoin will now be available on its platform.
Baby DogeCoin has been a successful meme coin and has a bunch of features that have enabled it to withstand market volatility. However, when you compare it with DigiToads it lacks growth potential. With DigiToads, users can explore more than one way to support their passive income and even build a diversified portfolio. Among the cryptocurrency analysts who have reviewed the TOAD token claim that it has the potential to grow by 50x in the near future.