• DigiToads (TOADS) is a memecoin that has emerged as a major contender in the cryptocurrency world.
• TOADS employs the deflationary ‘TOAD Economics’ model, featuring a 7% tax on all transactions and an initial offering of 405.35 million tokens to community members.
• Dogecoin (DOGE) is another popular memecoin with its robust community and high-profile endorsements playing a key role in its success.
DigiToads (TOADS) – The Memecoin Contender
The cryptocurrency world is abuzz with the rise of memecoins, adding a playful spin to the traditional crypto market. Among the thousands of tokens surfacing in this space, three have managed to leap ahead: Dogecoin (DOGE), DigiToads (TOADS), and Shiba Inu (SHIB). These memecoins have emerged as major contenders, showing strength in community, tokenomics, and market reach. One memecoin that’s making considerable waves in 2023 is DigiToads (TOADS).
What Makes DigiToads Special?
DigiToads combines the digital space with the world of amphibians, specifically championing toads over the more commonly represented frogs. This innovative and playful twist is backed by an earnest and robust economic model, known as TOAD Economics, making TOADS more than just a joke coin.
The TOAD Economic Model
The TOAD Economics is a deflationary model featuring a total of 585 million $TOADS tokens. With every transaction, a 7% tax is applied which is then allocated to token burn, NFT staking pool, liquidity pool, and the treasury. This dual tax model imposed on both buying and selling transactions ensures a constantly decreasing circulating supply of TOADS thus invoking scarcity and promoting value appreciation over time.
Encouraging Early Adoption & Fostering Community
In the pre-sale phase 69.29% of total supply equating to 405.35 million TOADS was made available for community members encouraging early adoption & fostering strong community base essential for project’s longevity & success . Particularly noteworthy is DigiToads’ integration of Non-Fungible Tokens (NFTs). Each transaction adds 2% of TOAD tokens to NFT staking pool rewards from this pool are paid to staked TOAD NFT holders cycling back tokens to most committed Toad-ficionados effectively linking ownership with tokens enabling users earn rewards simply by holding both TOADS tokens & their NFT counterparts .
Commitment Beyond Crypto Sphere
DigiToads also pledges 2.5% of all profits to charities that support Amazon Rainforest enhancing brand image extending influence beyond crypto sphere directly impacting real-world ecosystems .