DigiToads is a trending meme coin that was launched earlier this year and has been gaining a lot of attention for its unique economic design. It has a hybrid model that leverages the strength of different cryptocurrencies and enables users to access multiple options to bring home passive income. Its community-centric approach has also been praised and has paved the way for community members to play a key role in the platform’s growth and development.
The platform has a native token called TOADS which facilitates all transactions and financial purposes on the network. Built on the ERC-20 protocol, the DigiToads team maintains a store of 585 million TOADS tokens. Of the supply, around 69.2% of it is set aside for presale and giving out rewards.
DigiToads’ presale process is being hailed as a success and its fifth stage ‘Lillypad 5’ is currently in progress. The game is also designed to be exciting and players will be facing each other in a Metaverse swamp and will try to bag the highest scores. Users can pay for DigiToads, items and training equipment using TOADS tokens.
Meanwhile, Shiba Inu is one of the top cryptocurrencies that have managed to maintain their hold over the market despite being launched years back. The meme coin has rolled out a native token called SHIB which is the main crypto token on the network. It also has two other cryptocurrencies – BONE and LEASH. BONE is a governance token and LEASH is an exclusive token for dedicated community members. Analysts feel that the SHIB token might soar higher in 2023 and they expect it to stay in the bullish zone for now.
PEPE is inspired by the popular internet cartoon ‘Pepe, the Frog’ and its native token is PEPE. It is the medium of exchange on the network and has a deflationary model which keeps its supply intentionally low to curb fluctuating prices. Transaction fees are also waived for token holders. Analysts expect the PEPE token to register another bullish rally as a sizable number of whales are still sitting in big positions.
Going by the fact that meme coins like Shiba Inu and PEPE have demonstrated their ability to drive gains in the market, analysts believe DigiToads will also perform well over the long term. DigiToads’ dynamic economic framework and multiple utilities can help a community member diversify a portfolio while building a sustained source of passive income.