Three months into 2023, there has been a flurry of new launches in the global cryptocurrency market. Take the example of the Metacade project, which also recently announced its presale stage. It’s a play-to-earn (P2E) platform where users can play games and generate income, build careers in the web3 industry, and connect with a thriving gaming community. The news comes as a push for other P2E platforms like DigiToads, which can catalyze the decentralized gaming scene with its features.
If your mission for the day is to find out what crypto you should invest in, then you might consider DigiToads. It is a meme coin that also serves as a P2E ecosystem on Ethereum. The platform offers users multiple ways to generate passive income in a sustained manner. Its economic model prioritizes community members and their interests. Its governance structure is based on the decentralized autonomous organization (DAO) model meaning community members are incentivized to participate. Let’s look at what makes the project among crypto projects investors can consider in 2023.
Fair launch presale and in-built game economy
What works for DigiToads is its versatility. With a single cryptocurrency, users get the benefits of a meme coin and a P2E platform. The network allows users to earn rewards from staking NFTs, participating in web3 games, and simply holding tokens. It also has a rewards system wherein users are incentivized to participate.
The platform has also launched a native token called TOAD for facilitating all kinds of transactional purposes on its platform. The token will be available for interested buyers during the presale. What’s notable about the token is that it is built on a deflationary model. Its supply is intentionally kept scarce by burning at regular events.
Coming to the P2E game, users can earn rewards. Per the game’s rules, players must battle other players with their digital companions called ‘DigiToad.’ A DigiToad comes with a special set of powers that players can use to their advantage. They can also buy food and training equipment for their DigiToads. These items can only be purchased with TOAD tokens, and 50% of the proceeds of such transactions go towards maintaining the prize pool. The move helps keep the prize pool flush with funds and ensures that deserving community members are always rewarded.
At the end of every DigiToads season, the top 25% of players with the highest scores are rewarded with TOAD. A DigiToad season lasts for about a month.
Another earning opportunity that users get with DigiToads is its staking mechanism. Users can stake non-fungible tokens and get rewards in return. The longer the asset is staked, the more prizes will be earned. The community members are rewarded from a staking pool maintained by the team. DigiToads will set aside 2% of all TOAD transactions to maintain the pool.
DigiToads’ technology, features, and economic model are designed to benefit players and investors. There are multiple options for users to earn passive income, a reason why investors can consider the token during the presale.
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