Ethereum scalability is an elusive target. This smart contracts hub has long had challenges of slower transactions and high gas fees. Ethereum scaling solution Base is launching its mainnet even as DigiToads (TOADS) is concluding a successful presale.
Layer-2 solutions are vital in reducing the load on the Ethereum blockchain. They take the computation work off the layer one blockchain and only record post-transaction data on the main chain. They have different working mechanisms but generally achieve an outcome of alleviating the load on the Ethereum blockchain.
Similarly, DigiToads is launching to make a difference in the crypto landscape. Its presale is approaching the $6 million mark. This mark is a testament to investor confidence in the project’s potential, even as investors look for positivity in a rough market.
Ethereum Layer 2 blockchain gears for launch
The development team behind an Ethereum Layer 2 blockchain solution, Base, is preparing for its mainnet launch. Coinbase played a significant role in incubating the project and touted its security measures as the launch nears. This solution intends to provide a hub to millions of developers and target even more users.
The OP Labs team behind Optimism also contributed to security work with Coinbase facilitating an internal audit. Base Layer 2 solution looks to offer a robust, credible, and secure platform and eclipse existing solutions.
This solution can contribute to the overall performance and reduce the costs of the Ethereum blockchain. This project will launch with some institutional backing, but it remains to be seen if it will have as strong a launch as DigiToads.
DigiToads (TOADS) is an ERC-20 utility memecoin
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 is currently progressing with its presale, which is at the ninth stage, with one final presale round to go.
At the ninth stage, TOADS retail for $0.047, representing 370% gains for early investors. By the next stage, the ROI will be at 450% even as participants hope that 100 X or upto 1000x gains are in the offing.
The project is gaining interest because it is not a typical memecoin. It combines the fun of toad avatars with a play-to-earn gaming ecosystem. Players nurture digital toads that grow strong to fight and catch food in their precious wetland habitats.
The players earn TOADS tokens for their efforts. Besides, DigiToads incorporates NFTs in the game for more incentive. Users can mint or collect the NFTs and use them for staking on the platform. Staking NFTs is an innovative idea because it allows a user to earn a portion of TOADS transaction fees giving their NFTs utility value.
The development team is actively creating a robust community even as the presale concludes. Development work is intense and intends to achieve an ambitious roadmap in making DigiToads the memecoin king. At the moment, the project has unveiled its NFT minting platform, available at https://mint.digitoads.world/
Conclusion
Base Layer 2 solution looks to take Layer 2 solutions to a different level with robustness and security. Similarly, DigiToads intends to transform the memecoin sector to encourage utility and sustainability. The prevailing concept of memecoins is parody projects whose entire call to action is the underlying meme and going viral online. DigiToads is looking to create a memecoin with a community that does more than merely hyping up the project for speculative value.
The successful presale has breathed life into the project. Moving forward, the project will proceed with its robust roadmap and create a sustainability-driven project on-chain and off-chain.
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