23rd July 2023Meme coins are the hot favorites for this year’s summer. Not only has there been a flurry of newly launched meme coins but many of these meme-based cryptocurrencies have also posted impressive returns. Take the example of Ethereum-based meme coinwhich has been luring crypto users with its hybrid DeFi model. With its unique framework, DigiToads allows its users to benefit from multiple opportunities to earn passive income and secure their future.
The platform’s TOADS token is used for all transactions on the network. Interestingly, the token has a deflationary character which means its supply is always controlled to ensure that it stays below the demand. By keeping the demand intentionally scarce, the team ensures that price fluctuations are minimized and the token value stays stable. In case the supply shoots past the stipulated level, the team brings it back within the required range by burning all extra tokens.
In the coming months, the DigiToads team has a lot planned. These plans include an official merchandise range for DigiToads fans across the world. Another plan in the offing is an online think tank called the TOADS school. The think tank would be offering informative sessions on a wide variety of topics including cryptocurrencies. To attend these sessions, a community member should own at least three TOADS NFTs.
What sets DigiToads apart from any new altcoins is its commitment to saving the environment. The DigiTioads team has pledged to donate a small share of the project’s annual profits every year to an organization working for preserving rain forests across the world. The tokens collected from the sale of the official merchandise would also be donated to organizations working for the cause of sustainability.