What is or can be the impact of a successful DigiToads Presale on the greater cryptocurrency market and what cryptocurrencies stand to benefit from a successful DigiToads Presale?
DigiToads has created a complex and self-sustaining economy within the Ethereum (ETH) ecosystem. This economy includes a native decentralized exchange (DEX), a community-driven play-to-earn game, an NFT staking mechanism, a taxation platform, a treasury management protocol as well as deflationary tokenomics.
The DigiToads presale, now entering its final stage, has achieved remarkable success hitting $6 million in funds raised to date. This substantial amount is noteworthy within the context of crypto presales and reflects the high level of enthusiasm surrounding the Web3 gaming project.
The positive outcome of the DigiToads presale can potentially exert a favorable influence on the broader cryptocurrency market. A successful presale serves to validate the project’s credibility, attracting fresh investors to the cryptocurrency space. Moreover, it can contribute to an upward trajectory in the price of the native cryptocurrency, specifically TOADS.
The following cryptocurrencies also stand to potentially benefit from a successful DigiToads presale:
As the underlying layer 2 blockchain technology for DigiToads, Ethereum’s demand may experience growth in tandem with the increasing popularity of DigiToads.
Additionally, the growing popularity of DigiToads has the potential to generate heightened demand for Ethereum-based decentralized applications (dApps). As DigiToads itself is a dApp, its success could inspire other developers to create new dApps on the Ethereum blockchain. Consequently, this surge in dApp development would drive increased demand for Ethereum, potentially resulting in a positive impact on the price of the cryptocurrency.
Increased awareness of Ethereum: As the popularity of DigiToads grows, it could also lead to increased awareness of Ethereum. This could lead to more people purchasing ETH, as they become more familiar with the cryptocurrency and its potential uses.
ETHereum users can seamlessly take up the TOADs as it is also an ERC 20 standard token. This configuration means that it is broadly compatible with ETHereum wallets.
DigiToads has already launched on Uniswap, an ethereum based DEX decentralized exchange that allows anyone to swap erc20 tokens. Uniswap is Defi’s largest and most liquid decentralized Exchange. Uniswap v2, which was launched in November 2018, is a decentralized exchange (DEX) that has gained significant global popularity. It offers users the ability to exchange ERC-20 tokens without the reliance on centralized exchanges.
Utilizing an automated market maker (AMM) model, Uniswap v2 facilitates liquidity provision in a highly efficient manner. It eliminates the requirement for conventional order books by automatically executing trades based on the prevailing supply and demand dynamics of the tokens.
One of the standout features of Uniswap v2 is its utilization of liquidity pools. These pools consist of token reserves locked within the Uniswap protocol, ensuring the availability of liquidity for users to execute token swaps securely and seamlessly.
Binance Coin (BNB)
Being the native token of the Binance exchange, one of the world’s largest cryptocurrency exchanges, BNB could witness heightened demand if the DigiToads presale achieves success, and considering DigiToads’ potential listing on the Binance Exchange.
It is important to acknowledge that the outcome of the DigiToads presale is not guaranteed. However, the current level of interest in the project suggests its potential for significant success. If the DigiToads presale attains its objectives, it has the potential to generate positive effects on the overall cryptocurrency market, benefiting these and other cryptocurrencies.
Since DigiToads is not yet listed on any exchanges, predicting the precise impact of a successful presale on the price of TOADS is challenging. However, a successful presale would likely lead to increased demand for TOADS, potentially resulting in future price increases.
Info About How To Buy DigiToads
it has been announced that the presale will end on July 22, 2023, 11:59 PM UTC. This means that you only have a few more days to participate in the presale.
If you are interested in participating in the DigiToads presale, you can visit their website to learn more and to purchase TOADS tokens.
Here is a link to the DigiToads website: https://digitoads.world/
Please note that I am not affiliated with DigiToads in any way. I am simply providing information about the presale.
DigiToads Presale Stages Roadmap (Toadmap)
Website goes live
Initial token generation
Media channels go live
Social media influencer onboarding
Treasury multi-sig set up
TOAD-ETH LP listed for farming rewards on multiple DEX’s
NFT battle mechanics alpha video
Large traditional media advertising campaign
Launch in-house swap
Go cross chain
NFT battle Community beta testing then release
Start trading classes
Begin treasury Trader battles
Select new treasury Traders
In person party and meet up
Toad Merch shop goes live
Definition of Terms
NFT staking mechanism: This is a system that allows users to stake their NFTs in order to earn rewards.
Taxation platform: This is a system that collects fees from transactions in the DigiToads ecosystem. These fees are used to support the DigiToads treasury and to fund development.
Treasury management protocol: This is a system that manages the DigiToads treasury. The treasury is used to store funds and to finance the development of the DigiToads ecosystem.
Deflationary tokenomics: This is a system that makes the DigiToads token (TOADS) more scarce over time. This is done by burning (destroying) TOADS tokens on a regular basis.
Play-to-earn game: This is a game that allows players to earn rewards in the form of TOADS tokens. Players can earn rewards by completing quests, battling other players, or breeding Toads.