2023-8-23 21:14 |
The trend of meme coins incorporating play-to-earn (P2E) games into their ecosystems is becoming increasingly popular in decentralized finance (DeFi). As the popularity of such meme coins continues to rise, the search for the best DeFi cryptocurrency with the most intriguing gameplay and attractive rewards intensifies. This search has led to investors discovering and massively investing in the soon-to-be-launched DigiToads (TOADS).
DigiToads is a remarkable Shiba Inu (SHIB) contender offering a unique P2E game that big players in the gaming niche are eyeing. It also highlights a non-fungible token (NFT) marketplace that displays the most popular NFTs. While gamers worldwide closely monitor the growth trajectory of DigiToads’ Web3 game, the infamous Coinbase is receiving criticism for hosting over 500 scam tokens on its Base blockchain.
Let’s discover why big players are eyeing the Shiba Inu contender, DigiToads, and how Coinbase’s Base blockchain hosted over 500 suspect tokens.
DigiToads’ (TOADS) Outstanding P2E Game Seamlessly Combines Exciting Gameplay and ProfitabilityDigiToads stands out among the top crypto coins as a Shiba Inu contender with an immersive Web3 game, The Swamp. The Swamp centers on quality gameplay, passive income generation, and offering rewards. Having raised more than $7 million in funding and sold nearly 386 million TOADS coins, the success of the recently concluded DigiToads presale is a testament to big players’ satisfaction with the project’s value proposition, gaming style, and plans to further develop the game in the future.
DigiToads enables players to collect, nurture, and engage in battles with exclusive customizable characters, each possessing unique strengths, weaknesses, and characteristics. Players can use DigiToads’ utility token, TOADS, to purchase training equipment, food, and potion for their DigiToads characters to increase in size and improve capability. The diverse utility of the TOADS coin also extends to permitting investor participation in NFT staking, trading contests, and minting the most popular NFTs.
The profitability of DigiToads’ Web3 game has significantly contributed to attracting top players in the gaming industry. After each DigiToads season spanning a month, the top 25% of players on the game’s leaderboard are rewarded with TOADS tokens. Half of the proceeds generated from in-game item sales are earmarked for a prize fund. This fund is then divided among the top 25% of players, allowing them to earn passive income while actively playing the game.
Coinbase’s Base Blockchain Accommodated Scam Tokens that Yielded $3.7 Million in Trading VolumeThe renowned Coinbase exchange recently launched Base, an open-source blockchain that allows developers to create decentralized applications (dApps) and tokens. The Base blockchain faces criticism after being exposed for hosting over 500 fraudulent tokens that succeeded in scamming numerous investors. This event occurred because of the Coinbase exchange’s lack of solid security and failure to screen token assets for authenticity before granting them access to the Base blockchain.
Roughly 300 developers on Base created an unlimited supply of over 500 scam coins. The scam coins yielded approximately $2.7 million in purchases, $700,000 in sales, and $300,000 in wash sales, amounting to $3.7 million in the Base blockchain’s trading volume. This incident underscores the importance of thorough research before investors invest in any token.
The Revolutionary DigiToads is Challenging Shiba Inu’s (SHIB) Leading PositionShiba Inu’s native SHIB coin gained immense popularity as one of the top crypto coins, primarily due to its endearing dog mascot. The Shiba Inu platform introduced ShibaSwap, a decentralized exchange (DEX) enabling crypto enthusiasts to directly trade SHIB tokens and other ERC-20 coins. It has also unveiled Shibacals to spotlight authenticated collectibles and Shibarium to increase the SHIB token’s credibility and value.
DigiToads is challenging the prominence of Shiba Inu in the meme coin community, despite its lighthearted appeal, the promise of significant returns, and newly introduced features. Unlike the TOADS coin, which has diverse and beneficial use cases, including utility in the DigiToads P2E game, Shiba Inu lacks a definite use case or inclusion of P2E gaming and mainly receives investor engagement from online mentions.
Final Thoughts
Investors are questioning Coinbase’s security after its Base blockchain hosted over 500 suspect tokens that scammed investors globally out of their investments. The massive scam made the exchange record nearly $3.7 million in trading volume. Amidst this development, DigiToads offers the best DeFi gaming experience, which captures the attention of big players in the gaming industry. With a P2E gaming model and diverse utility beyond online mentions, DigiToads is prospering as a formidable Shiba Inu contender and could surpass SHIB after its launch.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Image(s): Shutterstock.com
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