Before FTX’s collapse, it used to be one of the leading exchanges, the third-largest crypto exchange platform by volume, with over one million users. However, according to reports, its collapse in early November 2022 was caused by a liquidity crisis around its utility token, FTT. The FTX collapse was felt across the crypto landscape, affecting the crypto market and putting over a million people in losses and debt.
With the crypto scene still reeling from its effects and millions in losses, a solution is being offered as the FTX portal is live and victims can now submit claims for consideration. However, with uncertainty still abounding around the exchange, affected customers are likely to purchase more promising tokens after asset recovery. DigiToads has been touted as the go-to investment, which we will explore further in this article.
DigiToads: The new favorite token of investors
FTX users who were affected by the bankruptcy can now file a proof of claim through the newly launched customer claims portal. There are reasons to believe that recovered assets will most likely be used to purchase more TOADS, the utility token at the heart of the DigiToads’ ecosystem. In the subsequent paragraph, we will delve into the DigiToads ecosystem and why affected FTX users are likely to purchase more DigiToads.
DigiToads is a meme and utility token that combines NFT and P2E features and has a clear road map filled with unique features and developments. It has gained huge traction within the crypto scene, resulting in increasing demand. At the time of writing, over $6.1 million has been raised in presales, proof of its strong community and confidence in its vision.
As a P2E gaming platform, DigiToads will launch a thrilling new Web game that allows players to collect, nurture, and battle DigiToads in its swamp arena. The P2E token will be used for in-game purchases and to buy food, potions, and training equipment for DigiToads, which gives it important use cases.
As an NFT platform, DigiToads’ offering will include a TOAD NFT Collection, which will comprise 3,500 unique NFTs to be launched during the presale. The NFTs will be minted on the platform using the utility token. Another unique feature DigiToads will be rolling out is NFT staking, which allows NFTs to be staked for rewards from the staking pool. The NFT staking is scheduled to launch on August 21, the same day as the token launch.
DigiToads also has advanced tokenomics, which further adds to its appeal and increases its demand. With a low total supply of 585 million tokens, its value is expected to soar as demand increases. In addition, DigiToads has a built-in burn mechanism that will create a deflationary effect. This will reduce the token supply over time and contribute to its climb in value.
The DigiToads presale is ongoing, although it is scheduled to end on August 15. The presale is currently in stage 9 at $0.047 per token and will increase to $0.05 in its final presale stage. As a lighthearted meme coin and utility token whose utility covers P2E and NFT and is experiencing huge demand, investors are most likely to accumulate DigiToads tokens. Additionally, its growth potential has been predicted to be enormous, which analysts forecast will increase by 450x.
Final Thoughts
DigiToads has gained a huge following and a strong community since its presale launch, which has propelled it to increasing value. As a token with unique offerings, immense growth potential, exceptional fundamentals, and a strong community, DigiToads has now become a favorite among investors. We are confident about this project and strongly suggest taking a look.
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