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On-chain analysts have been combing blockchains to uncover areas of economic activity, hoping to use this data to paint a picture of current market sentiment and potential future price action. One hotspot of activity was the DigiToads (TOADS) presale.
Analysts dived into the protocol to discover why, despite flat market conditions, this blockchain ICO has been in a prolonged upward trend. The results may surprise investors, and $TOADS is one of the best altcoins to invest in this year. The report: crypto users sinking millions of dollars into useful projects like DigiToads, and analysts forecast a 50X before the end of Q4.
Summary
DigiToads (TOADS) Huge Presale Gains
DigiToads has already amassed $6.2 million in its presale. And participation shows no sign of decline; the reverse is true. More and more investors are jumping into this project, and a look at the dynamic adjusting price explains this.
The presale price of $TOADS steadily increases at certain milestones. In the current presale phase- stage nine- investors can purchase $TOADS for just $0.05, with a price increase upon launch, it will trade at $0.055.
Several early investors have seen their initial investment increase by 370%. And on August 21st, when DigiToads launches, they will have seen their holdings go up by 450%.
Another distinctive fact about this presale is the lack of a vesting period. Typically new ICOs employ a vesting period meaning investors receive a percentage of their tokens each month. In the DigiToads presale, all participants will receive all their tokens at launch, and this speaks volumes about the confidence the doxxed team behind TOADS has in their project.
The DigiToads (TOADS) Ecosystem- The Swamp
The ecosystem has delivered a masterclass in flywheel economics, and new DeFi projects should take note of TOADS’ clever design. It puts the community first, and each element provides either direct or indirect value to holders.
The play-to-earn game, Toad Cade, opens up an earning opportunity, with players ranking in the top 25% at the end of the season, receiving a portion of the prize pool. Additionally, revenue generated by the in-game store funds an airdrop for every community member.
The NFT staking mechanic means holders of a DigiToads NFT unlock a lucrative passive income stream, and the Toad Tax, the economic engine underpinning the protocol, ensures the sustainability of these payouts.
Every flourishing ecosystem has a taxation system, and The Swamp dedicates this tax to community members. As well as funding the NFT staking pool, it ensures that $TOADS is an aggressively deflationary token. This constant burn pressure is what caused analysts to forecast that the native token could 50X when the ecosystem goes live.
The Swamp also includes a native DEX allowing the ecosystem to retain all the value in the swamp. The Platinum Toads initiative employs the best community traders to manage the treasury and charity initiatives to preserve the rainforest.
TOADS exposes investors to DeFi through its treasury management system, ensures a constantly decreasing total supply, and offers numerous passive income sources. DigiToads is leading a new standard for ERC20 coins, and each part of The Swamp contributes towards the greater mission of expanding the ecosystem.
Closing Thoughts: Utility Becoming Key Metric for Protocol Success
The a-to-z learning and earning journey provided by TOADS has been a roaring success judging by the presale figures. The growth of the TOADS community highlights the more significant trend established within DeFi- users favoring utility-backed projects. Join the DigiToads presale today, enjoy two price increases before launch, and watch the fireworks when the ecosystem goes live, and $TOADS begins to rally!Â
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