As the cryptocurrency industry continues to expand and evolve, meme coins have been marked by increasingly intense competition. Recently, the industry has seen a flood of dog-themed coins, with Dogelon Mars being one example. Dogelon Mars intends to differentiate itself from the competition by appealing directly and exclusively to Elon Musk. While the buzz surrounding Dogelon Mars rapidly fizzled out, another meme coin emerged and swiftly attracted traders and investors.
DigiToads, a toad-themed meme coin, has become the latest entrant in this highly competitive industry. It was created to provide an avenue of more engaging and entertaining interaction between crypto traders and investors. Its developers realized the opportunity to create a token with a more practical use than its dog-themed predecessors, and the DigiToads community responded with enthusiasm. What should you know about each of these meme coins?
What Is DigiToads?
DigiToads, a brand-new Ethereum-based meme coin, introduces the fun and innovative web3 game that lets you explore a virtual world, Swamp, collect, nurture, and battle unique and powerful DigiToads.
Players can trade and collect valuable DigiToads, using crypto as the collecting engine and form of currency. In addition to collecting rare DigiToads, players can also nurture them into stronger, more advanced versions of their initial state to get them ready for battles.
After each month-long DigiToads season, the top 25% of players on the leaderboard will be attributed TOADS tokens in recognition of their performance.
To guarantee continued reward to the community, half of the revenue generated from the sale of game items will be assigned to the prize fund, which will be distributed to the top 25% of players, allowing them to acquire real money by playing the game.
In terms of tokenomics, the DigiToads team will release only 585M TOADS tokens, which will further reduce by continuous burning applied to each buy-and-sell order. This deflationary mechanism significantly distinguishes TOADS from popular meme coins struggling to recover from the bear market with their uncapped supplies.
Dogelon Mars Overview
Dogelon Mars was one of several canine-themed meme coin projects to launch in 2021, following the success of cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB).
Dogelon Mars’ native ELON coin was used for the ICO. However, the cryptocurrency had no precise usage at the time. Instead, the Dogelon team aimed to create a meme-coin alternative that was community-based and user-friendly.
The ELON token’s developers say it’s meant to be an “intergalactic currency” that can be utilized on Mars and other future space colony residents. But the project team hasn’t released a white paper or detailed roadmap outlining its development plans.
Wrapping up
TOADS presents a fresh alternative to other crypto-meme coin offerings, and its appeal has led to it achieving prominence in the meme coin world. The project offers more than mere entertainment; it facilitates a transparent governance system, multiple reward programs for players, and even a charity fund-raising model for saving the Amazon rainforest.
Visit The Website: https://digitoads.me/ccr
Presale Registration: https://digitoads.me/buyccr
Join The Community: Linktr.ee/digitoads
