Various pro-crypto lawyers have come to the limelight lately in the wake of the SEC attack on a series of crypto projects. In the list of prominent lawyers is Paul Grewal, who has pushed his expert legal sentiments to crypto enthusiasts about the latest developments in the courts. The CoinBase’s top legal mind disputes the claims from the SEC. Meanwhile, DigiToads, an ERC-20 token, and Cardano are clear favorites among investors looking for something with high growth potential.
Read more to find out about the case, and the reason why DigiToads and Cardano are turning investors’ heads.
DigiToads Ambitious Presale Pulling in Investors
DigiToads has dominated the news in the past weeks. The budding project is turning heads owing to its impressive presale. At Lilypad 9, and already on the cusp of $6 million, DigiToads is showing the potential of utility-rich tokens that also have the appeal of meme coins.
At the center-stage of the project is an interactive P2E set in a futuristic environment called the swamp metaverse. The gaming arena accommodates a gaming community that is set to benefit from loads of prizes set in the prize pools. When it comes to selling, DigiToads so far has done well. Its early run has seen over 95% of the initial tokens on sale in the hands of various investors. The next stage will give room for the in-game marketplace.
As gamers battle it out for top prizes and bragging rights on the leaderboards, the in-game marketplace will be a place to get more battle supplies. Gamers can rev their TOAD characters from the marketplace, to increase their chances of topping the leadership charts. Those new to the game can also look into the marketplace for new characters capable of handling a gaming season.
50% of the revenues from the marketplaces will go to gamers. About 10% to the passive investors in the project while the rest to the DigiToad world growth ambition division, led by the treasury.
DigiToads’ focus is on two areas. Investors in the project will enjoy unequal experiences in the DeFi project, as it is both an entertainment project and a utility-rich environment. Its NFTs guarantee this. In addition, the project is set on a strong foundation to last a long time. TOADS will continue to multiply in value as the project grows.
A guaranteeing fact is the token burn feature. The less-mentioned feature will become apparent as TOADS exceeds their healthy supply in the market. Once the correct limit is breached, the feature eliminates some Tokens deliberately, making those already in supply valuable.
Analysts have predicted the end of the crypto winter, which is ushering in a period of unprecedented growth. DigiToads will take advantage of this period to continue to offer its unmatched potential to investors. As things stand, DigiToads NFTs are in OpenSea, where TOAD meme lovers and investors can have a piece.
Cardano Continues an Impressive Rally
Over the past seven months, Cardano has impressed little in the crypto markets. Its upward trajectory has been flat, pushing some longtime holders to look for alternatives. The latest developments in the project show that it is building momentum. The project has rebounded by 33% from a low of about $0.33.
Crypto Lawyer’s Take on SEC Rogue Crypto Understanding
Paul Grewal has taken a bold step in his Twitter explaining what cryptocurrencies are, and where the SEC has got it wrong in its pursuit. According to the lawyer, the SEC has made a series of miscalculations in its pursuit of crypto assets. In the unprecedented move, the lawyer sites that the SEC is violating a series of laws and overstepping its mandate.
Final Note
The SEC is overstepping its mandate as the regulatory authority. The suggestion by Paul–a renowned lawyer in the current legal battle involving crypto is a glimmer of hope for targeted projects. Meanwhile, DigiToads and Cardano continue to pull investors. Utility-rich tokens continue to rouse attention as the crypto market tries to pick up momentum.
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