2023-5-10 09:24 |
In a meme coin realm dominated by canines, witnessing amphibians battle for supremacy adds a thrilling twist. DigiToads (TOADS) emerged as one of the most remarkable sensations this year, and just recently, PEPE joined the fray. Inspired by the renowned Pepe meme, this new DeFi project swiftly garnered attention, allegedly amassing a staggering $0.5 billion in a mere 28 days.
Concurrently, DigiToads has maintained steady growth, so far raising over $2.55 million within a few weeks and counting. Could this signify the dawn of a new era in the meme coin world, with amphibian-based currencies taking center stage?
What Should You Know About Pepe?
PEPE, an Ethereum-based meme coin, was birthed as a homage to the Pepe the Frog internet meme by Matt Furie, which gained notoriety in the early 2000s. Aiming to leverage the increasing popularity of meme coins, such as Shiba Inu and Dogecoin, PEPE seeks to cement its position amongst the top meme-inspired digital currencies.
In terms of strategic planning, the PEPE roadmap comprises three stages: the first is centered on achieving a listing on CoinMarketCap and creating a buzz on Twitter; the second focuses on securing listings on centralized exchanges; the third aims for ‘tier 1’ exchange listings and a so-called ‘meme takeover.’
Despite its ambitions, it’s crucial to note that PEPE coin is essentially an entertainment-focused ERC20 coin without intrinsic value and doesn’t promise any financial gains. The project’s website candidly confirms the coin’s purely recreational nature, underscoring the absence of a formal team or detailed roadmap. Interestingly, this leisure-centric cryptocurrency also has a massive supply of over 400 trillion tokens, which can lead to inflation.
Despite these apparent limitations, PEPE has garnered a devoted band of enthusiasts. The DeFi coin claims to have amassed $0.5 billion within four weeks. While it’s evident that PEPE’s surge is likely a transient trend, some opportunistic investors might still manage to accrue substantial returns amidst the temporary fervour for this meme-inspired digital currency.
Toads or Frogs?
DigiToads (TOADS) is the pioneering amphibian-themed meme coin that has made waves in the DeFi space for its thematic novelty and its innovative approach to the meme coin market. This ERC20 token is an excellent example of how a meme coin can integrate practicality and utility, distinguishing itself from its peers.
One of the central features of DigiToads is its deflationary nature. The native token, TOADS, operates within a deflationary system, where some tokens are regularly burnt, reducing the total supply over time. This strategic burning process makes TOADS a highly sought-after commodity. The original supply is only 585 million, underlying each TOADS token’s rarity and potential value.
Notably, TOADS provides an integrated ecosystem that blends the characteristics of a meme coin, a staking platform, and a Web3 game. This ecosystem offers an enjoyable experience and introduces users to an array of engaging activities, such as trading contests and play-to-earn games.
Trading contests reward active traders with Platinum Toads and a share of the platform’s earnings, fostering a sense of competition and engagement. Moreover, the play-to-earn games feature allows users to win TOADS tokens by defeating other players with the help of virtual creatures, the DigiToads. This innovative feature gives an extra utility edge to the TOADS ecosystem.
Final Takeaway
History shows that meme coins can experience significant hype and rapid growth. However, maintaining that hype and sustaining long-term success is of paramount importance. Therefore, compared to PEPE, TOADS is a more viable option for long-term, steady growth. The project has already demonstrated its potential, as the earliest backers will witness a 450% profit growth on launch. This makes TOADS one of the top altcoins of 2023.
For more information on DigiToads, visit the website, join the presale or join the community for regular updates.
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.
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