Dogecoin has cemented its position as the top meme coin in the cryptocurrency space. However, in recent weeks, Dogecoin has found it difficult to compete with DigiToads, the new meme coin that is lighting up the crypto sphere with its red-hot presale.
In this post, we will dig deeper into all things DigiToads and see why it is stealing Dogecoin’s spotlight as the top meme coin.
DigiToads: A Meme Coin With A Difference
DigiToads is an Ethereum-based De-Fi and web-3 platform that combines a variety of features to create a utility-laden meme coin.
Unlike most meme coins that solely rely on their communities and major new events for price growth, DigiToads has a robust ecosystem to drive its value.
First, DigiToads blends its NFT feature with a play-to-earn model. This way, DigiToads gives investors one of the best NFTs to invest in while also presenting an opportunity to win exciting rewards through the play-to-earn feature.
Players on the DigiToads gaming platform can collect Unique DigiToads in the form of NFTs. These DigiToads can be acquired through trading, buying, or winning them. DigiToads owners can then breed, nurture and battle their pet NFTs.
After every battle season, half of the funds raised from the in-game sales are allocated to the monthly pool price. The top players on the DigiToads platform are rewarded with an allocation from this pool price.
However, the allocation from the pool price is not the only reward DigiToads investors can expect. There is also a chance for the best traders to receive Platinum Toads, a reward that comes from a part of the allocated treasury pot’s profits if you hit a certain tier.
DigiToads also has a governance token known as $TOAD. The $TOAD coin is a deflationary token whose scarcity increases constantly. The token is also accepted as payment in all parts of the DigiToads ecosystem.
DigiToad holders will also receive rewards from the NFT staking pool. This staking pool receives 2% of every transaction, and the rewards are paid to staked TOAD NFTs.
With such exciting features, it’s no surprise that the DigiToads presale has caused a heat wave in the crypto market. so far, more than $ 3 million has been raised so far and the token is on the 6th stage of its presale priced at $0.027.
Dogecoin lags behind
Dogecoin was the original meme coin. It was developed as a lighthearted joke that poked fun at mainstream cryptocurrencies such as Bitcoin. The name Dogecoin, and the Shiba Inu image that is used as its official logo, were derived from a popular meme.
Despite being the first coin that lacked intrinsic value of any kind, Dogecoin quickly gathered a robust community of supporters that have helped to drive up the value of Dogecoin. As a result of the support of its community, Dogecoin has risen to become one of the top 10 cryptocurrencies by market cap.
Dogecoin has also benefited from the support of Elon Musk, who has made it public that Dogecoin is his favorite cryptocurrency. Every time Musk talks or tweets about Dogecoin, the coin’s price is affected, usually in a positive way.
Recently, the price of Dogecoin spiked when Elon announced that he will give a reward of one million Dogecoin to anyone who can provide proof that Elon’s family has ever owned a stake in an Emerald mine. However, the excitement that followed this announcement has since died down, and DigiToads has taken over as the most talked about meme coin.
Meme coins are known to derive their value from their often robust communities. However, times are changing and meme coin developers are realizing that even the most lighthearted of cryptocurrencies need to serve a purpose.
DigiToads is one of the few meme coins built on a solid foundation. With a play-to-earn feature, staking, and NFTs, DigiToads is ready to take the crypto space by storm.
For more information on DigiToads visit the website, join the presale or join the communityfor regular updates.