The SEC deeming Bitcoin (ETF) filings inadequate has caused a momentary lull in the interest in $BTC, and investors are looking further afield. Two notable pockets of activity have been hard forks and a renewed appetite to participate in presales.
This article explores these trends taking the leading example from both groups. Ethereum Classic (ETC) focuses on trust minimization and has recaptured the intrigue of investors following a fall in the faith of centralized service providers. And DigiToads (TOADS) has become the most talked about blockchain ICO adding P2E gaming and revenue generation to meme coins.
DigiToads (TOADS) GameFi Meets Passive Income
DigiToads is an example of how rapidly the tech stack has progressed, especially compared to ERC20 coins from the last cycle. TOADS has cherry-picked the best elements from multiple market sectors to produce an all-star protocol explaining how it has already raised $5.8 million in its presale.
DigiToads takes the meme coin marketing model and adds play-to-earn gaming and revenue generation to create an engaging, highly efficient investment vehicle. The virality of the protocol’s mascot and branding has drawn investors in, and the revenue generation model has caused them to stay.
Toad-Cade, the play-to-earn game, allows players to battle toad NFTs against one another, player versus player. The top-ranked players earn part of the seasonal prize pool, meaning gaming acumen translates into financial gains. Toad-Cade’s in-game store also funds an airdrop for all TOADS holders, ensuring the entire community grows together.
But the wild price forecasts from analysts predicting a 1,300% rally for $TOADS in the next quarter were validated by two other parts of this intriguing ecosystem: Toad-Tax and NFT Staking.
The Toad Tax ensures capital flows throughout The Swamp (the DigiToads ecosystem), funding an aggressive deflationary token model and the NFT staking payout pool.
The NFT staking mechanic means stakers earn 2% of every transaction within the ecosystem, and with the fundamental flywheel design of The Swamp, the DigiToads NFTs have rapidly become trending NFTs.
Owning a TOADS NFT guarantees users consistent and stable payouts. Better yet, the yield produced correlates with The Swamp’s growth, and the rewards are deflationary.
Ethereum Classic (ETC) and Trust Minimization
Ethereum Classic (ETC) is the legacy record of the Ethereum (ETH) blockchain created after The DAO hack- an event that has faded from the crypto consciousness. An exploit allowed an attacker to drain over 3.6 million $ETH. To combat this, the Ethereum (ETH) core team rolled back the blockchain- a controversial decision given the supposed immutability of blockchains.
Ethereum Classic (ETC) is the resulting hard fork. But why have hard forks been gaining attention? The trail leads back to EDX Markets, a crypto exchange backed by Fidelity and Charles Schwab. The exchange, solely for institutional investors, has announced four tokens will be tradeable: $BTC, $ETH, $BCH, and $LTC.
These tokens have the greatest regulatory approval, and given $ETC is a hard fork of $ETH, investors bet on Ethereum Classic (ETC) being added to this list. Analysts’ price predictions suggest they, too, have baked this thesis into their valuations, with an impressive range between $39.84 and $44.98 forecast for Ethereum Classic (ETC) in 2024.
Closing Thoughts: TOADS Leading a New Generation of DeFi Protocols?
Multiple streams of revenue generation, a small market cap, and sustainable deflationary tokenomics. TOADS is, without doubt, one of the best altcoins from a value investing perspective, and the current discount on $TOADS will rapidly close when it launches on the open market.
When The Swamp begins channeling capital to investors, the market will price in the passive income flows. Smarter investors can take advantage of this market inefficiency and participate in the presale today, getting their hands on one of the best DeFi coins at a criminally undervalued price point.
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