Following the Polygon network’s recent brush with the US Securities Exchange Commission (SEC), the platform’s native token MATIC has also taken a hit. Earlier in June, the regulatory body had filed lawsuits against two leading crypto exchanges – Binance and Coinbase – and accused them of selling unregistered securities. The SEC named multiple popular altcoins including Polygon among the “unregistered securities” that the two exchanges were accused of selling. The MATIC token is yet to gain back the momentum that it lost after the lawsuits.
Amidst the market gloom, analysts are now raving about a new project that doubles up as a meme coin and a stake-to-earn platform. Powered by Ethereum, DigiToads (TOADS) is among the altcoins to watch out for in 2023. It’s built on a hybrid DeFi model where one can explore multiple avenues for earning residual incomes.
DigiToads: Stake, trade and play to boost your crypto gains
DigiToads is an upcoming cryptocurrency project that leverages the potential of hybrid DeFi. Built by combining the features of three cryptocurrencies, the DigiToads enables its user to access staking, trading, playing Web 3.0 games, and winning with prize draws. Its native coin TOADS is currently available on presale, and serves as the medium of exchange on the network. It’s modeled on the ERC-20 standard of the Ethereum network
The TOADS token has already made it to the leading analysts’ best cryptocurrency ico list for 2023 due to its presale success. Available for 0.047 USD during its 9th stage, the coin is selling out fast. In the past eight presale stages, the team has managed to sell 94% of the tokens it had reserved for the 10 presale stages. What adds to the lure of the token is that there’s no vesting period, so buyers can access their tokens as soon as the transaction is processed.
DigiToads has been drawing a lot of attention because of its Web 3.0 game where players can enjoy thrilling gameplay with exciting rewards. What’s unique about the game is that there is not one winner but multiple winners. The Top 25% of the scorers are rewarded with TOADS tokens.
Also, these game seasons are short – a month long – so you can participate in the game multiple times in a year. To score high in the game, the participants have to complete challenges in a virtual swamp while outperforming competitors. They can up their chances of winning by buying or trading digital creatures called DigiToads. These virtual beings have special powers and supreme strength which makes them an ideal ally. The catch is that every DigiToad will have a separate set of traits, so you have no idea if your competitor’s DigiToad is any better than yours.
Head over to the presale as DigiToads is widely acclaimed as one of the best cryptocurrencies to buy in today’s market as per market experts.
Polygon and Warner Music join hands for a music accelerator programme
Polygon is among the leading platforms that can amp up the efficiency and scalability of Ethereum-based dApps, virtual machines, and other decentralized systems. Its native token is MATIC and it’s the main cryptocurrency of the network. One of its popular offerings is Polygon PoS which can facilitate EVM compatibility and high-speed transactions at zero gas fees. With Polygon, developers can also deploy app-specific blockchains with its Supernets feature. In a recent development, Warner Music Group (WMG) announced that it will be joining hands with Polygon network to roll out a music accelerator programme to encourage blockchain-powered music projects and dApps. WMG stated that the ideal participants for the accelerator would be firms or entrepreneurs leveraging ways to amalgamate music, Web 3.0, and technology. WMG says the participants should focus on areas like setting up decentralized music production and distribution systems, merchandise, ticketing solutions, and virtual or physical collectibles.
Conclusion
If you are not sure about what cryptos to buy now, an important parameter to consider is their growth potential. While both Polygon and DigiToads have their strengths, if you sit down to compare their potential, most analysts would point you towards DigiToads, all thanks to its hybrid DeFi model. Apart from what it fetches as market returns, one can explore multiple opportunities to earn passive income. Users can also turn them into steady sources of passive income in the long run. In the coming months, analysts feel that the TOADS token can potentially register King-sized gains.