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Following Kraken’s agreement to cancel its cryptocurrency staking service in the US and pay a hefty $30 million penalty to resolve charges of failing to register the program, investors are now turning their attention to alternative platforms with promising rewards.
SEC’s first-ever crackdown on staking has led to a surge of interest in the new ICO, DigiToads. This innovative play-to-earn and stake-to-earn altcoin have captured investors’ attention with its enticing staking rewards, providing a viable alternative for those seeking a secure and profitable staking platform.
First, What Is Staking?
Before we go deep about DigiToads (TOADS), let’s refresh ourselves about staking. Staking is crucial in cryptocurrencies, particularly for Proof-of-Stake (PoS) based blockchain networks. The importance of staking extends to both the network and its users.
For the network, staking helps maintain the decentralized nature of the blockchain by encouraging a wider distribution of nodes, thereby increasing its resilience against potential attacks. Staking also reduces the overall energy consumption of the network, making it more environmentally friendly compared to Proof-of-Work (PoW) based systems, which require intensive computational power for mining.
For users, staking offers a way to earn passive income while supporting the network. Users can benefit from the generated rewards by locking up their tokens for a specific time frame, which can be an attractive alternative to traditional investment vehicles like stocks or bonds.
Furthermore, staking can help users increase their holdings in a particular cryptocurrency without actively trading or purchasing more tokens, making it an appealing option for long-term investors.
Why Is DigiToads The Best Crypto To Buy Now?
DigiToads is an innovative ERC20 token that combines play-to-earn and stake-to-earn opportunities, offering users multiple ways to generate passive income. At its core, DigiToads features a captivating gaming ecosystem that allows players to engage in thrilling in-game combats and earn rewards.
In addition to the gaming aspect, DigiToads also provides a staking platform, where 2% of every TOADS transaction is directed to fund staking pools, which are later airdropped to stakers, offering them a steady stream of passive income. However, gaming and staking is one of many methods to generate passive income with this exciting DeFi project. Users can also participate in on-chain trading competitions, meme contests, and giveaways, providing numerous avenues to grow their investments.
Furthermore, early presale investment in TOADS tokens is another potential source of passive income. With the first four presale stages already sold out, raising over $2.45 million, DigiToads is now in its fifth presale stage with a token price of $0.024. The final launch price of this credible crypto is set to be $0.055, indicating substantial room for profit growth for early investors.
The Bottom Line
Staking has long been a favored approach for investors looking to accumulate wealth over time passively. As Kraken, one of the leading exchanges, discontinues its staking services, more investors are shifting their focus toward DigiToads. By offering a diverse range of income-generating opportunities, DigiToads has carved a niche for itself as an exceptional and alluring platform. Catering to gamers and investors, it provides a comprehensive crypto ecosystem and remains the status of one of the best altcoins to watch in 2023.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
