The post Looking For High Growth Alternatives To Tezos (XTZ) or Aave (AAVE)? Check Out DigiToads (TOADS) appeared first on Coinpedia Fintech News
With an estimated CAGR of 13.66%, the global cryptocurrency market might reach $2166 million in the next five years. The optimism represented by the figures comes at a time when people are keenly searching for the best cryptocurrency to buy that has a high growth potential too.
While crypto projects like Aave and Tezos have been popular favourites in the past, innovative options like DigiToads are attracting even retail users. Powered by Ethereum, DigiToads is a utility meme token that also includes a play-to-earn gaming ecosystem. The hybrid economic model implies that users get several opportunities to earn passive income. Let’s explore some of the features that make it an ideal crypto for beginners.
How DigiToads is acing the decentralization game
DigiToads users get to experience the utility of a meme coin while benefiting from the earnings from an interactive Web 3.0 game. Additionally, you can stake non-fungible tokens (NFTs), win rewards, and participate in trading competitions. Its native token is TOAD which is a deflationary cryptocurrency. Its tokens are burnt at regular intervals to keep their supply limited, which in turn curbs fluctuations in price. It will be made available on presale for interested buyers.
Players will need to acquire digital creatures called ‘DigiToad’ to participate in its play-to-earn game. They can buy, trade, or win these creatures. With the help of their DigiToads, players compete in a virtual swamp arena with other users. Players with the highest scores are declared winners once the season ends and are eligible to receive TOAD tokens as rewards.
Each DigiToad will come with unique characteristics that can influence the player’s chances. To increase their chances of winning, players can purchase training equipment, food, and potions for their DigiToad using the TOAD Tokens. Half of the proceeds from the sale of these items go towards maintaining the prize pool which is used for rewarding winners.
A key USP of the platform is the monthly trading competitions that it organizes where users who trade the highest volume bag Platinum Toads. The DigiToads team plans on giving away 12 Platinum Toads in a year. Each of these Platinum Toads guarantees the winner remote access to 1/12th of the treasury fund. With these competitions, not only does the platform draw high trading volumes but it also ensures that its treasury is being controlled by the most experienced traders. Plus, the winners also get to keep 10% of the profits they earned for the platform as an incentive for expanding the treasury size.
Tezos launches core upgrade ‘Mumbai’
Tezos is a smart contracts platform that offers developers secure and user-friendly tools for building dApps and removing barriers to blockchain adoption. Its native token is XTZ. The open-source network offers unparalleled safety at both application and protocol levels. The Tezos’ architectural framework pivots around community-led governance and user participation that allows users to pitch in their suggestions and proposals.
Tezos recently was in the news after it rolled out its 13th core protocol upgrade ‘Mumbai’. The upgrade introduces Tezos’ new Layer 2 scaling solution Smart Rollups which has been integrated directly into the protocol. With this solution, the Tezos blockchain can seamlessly scale beyond 1 million transactions every second.
Aave governance’s green light to BNB, Polygon
First rolled out in 2017, Aave made a splash in the crypto market and went on to become one of the best ICO to invest in. It’s a decentralized liquidity protocol that allows users to lend and borrow digital assets. While lenders supply to Aave’s liquidity pool and earn passive income, lenders borrow assets through overcollateralized and undercollateralized mechanisms. It has launched a native token called AAVE which is used for all transactional uses on the network. Aave recently added its latest version to Polygon zkEVM, which is an Ethereum Layer-2 rollup, and Binance’s BNB Chain. Given the recent developments, analysts expect the AAVE token to register bullish rallies.
Conclusion
If you are wondering which crypto to buy today for the long term, you should consider DigiToads given how it has been received well by both analysts as well as users. When compared to Tezos and Aave, the TOAD cryptocurrency has demonstrated higher growth potential as DigiToads lets you earn passive income with multiple opportunities. Its DAO governance ensures that the platform’s growth always aligns with the interest of the community members. Among the analysts who have reviewed DigiToads, many see it growing by 10x once the presale ends and it gets listed on exchanges.
For More Information on DigiToads visit the website, join the presale or join the community
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