A presale is a crucial milestone for a new cryptocurrency project. It marks the vital stage of raising capital while giving the broader public a glimpse of what to achieve upon full launch. To this characterization, DigiToads’ presale has been a smashing success.
Memecoin powerhouse Dogecoin had inauspicious beginnings. It was a literal joke for years before the market took the joke seriously in 2019, and Dogecoin rose over 18,000% in the next year. In this sense, DigiToads is already experiencing a stronger start.
Solid numbers from DigiToads presale
Since the end of the infamous ICO era, new cryptocurrency projects have had to raise money the hard way. You will not find many investors throwing money at a project for the sake of it. DigiToads is conducting a presale that is indicative of its value proposition.
The presale has raised over $4.7 million in only a few weeks. Investors are coming on board because of a tiered system that gradually increases prices through the presale. Those who started from the onset have already realized a 140% gain, with more in store. Such numbers are beyond anything Dogecoin achieved in its formative years as it languished for years as a joke coin before gradually benefitting from internet hype.
DigiToads has achieved this interest primarily because it has more dynamism than your typical memecoin. A memecoin like Dogecoin is purely reliant on its humorous tinge and power of internet marketing to remain in the headlines. Instead, DigiToads introduces utility by creating a metaverse gaming ecosystem with a token at the heart of this universe.
Accordingly, players can nurture digital toads and play to protect their precious habitat. You can collect NFT collectibles in the game, which can be staked for rewards from TOADS token transaction fees. The project also has sustainability commitments, with 2.5% of overall profits going to rainforest charities. This sustainability is visible in the overall theme of the metaverse ecosystem and is admirable in this project.
Dogecoin took a while to break through
The DOGE is still a legendary coin for memecoin enthusiasts. Its beginnings were not as explosive as DigiToads, partly because of just how small the entire cryptocurrency sector was back then. Bitcoin was struggling to become a global asset and was only experiencing its initial moments of success. Dogecoin founders would never have anticipated how the project would gain traction a few years later.
The DOGE did exceptionally well in the late 2010s with a vibrant online community and obviously Elon Musk’s tweets. It reached a market capitalization of $80 billion in mid-2021 and has since shrunk to about $10 billion. The sharp decrease was mainly because of the crypto bear market. Still, the Dogefather paved the way, and it is upon new projects to take up the mantle.
DigiToads is looking to take up the mantle. It does not simply rely on the viral meme popularity that worked so well for Dogecoin. Adding a utility gaming token concept ensures that this project is more sustainable for its community. In an increasingly crowded field, it is a smart choice to bring an entirely different angle to the market.
Conclusion
The demand for TOADS in its presale indicates the power of its utility in the market. It looks set to be the next big memecoin, surpassing what Dogecoin did in its first year. Investors looking for 100x gains or more are focusing on this new coin as the next big thing. Combining the fun marketing side of a memecoin and creating a gaming token is a potent combination that makes it a strong contender for the “memecoin king” status.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
