Fantom harnesses the collector mania in a platform that combines collecting and swapping in a sticker book format. Early success suggests that the company has unlocked a new category that has the potential to build towards a full branded social media game. The product has gained traction as a brand engagement tool. MVP launched August 2012; with brands Impact Wrestling, UK Science Museum, Mattel, Derby County FC, Queens Park Rangers, Monster Jam Trucks and Groovy Chick.
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May 30, 2023
5 mins read If you’re looking for an altcoin to buy now for huge crypto gains, you will do well to consider DigiToads (TOADS) . It is not just another altcoin; it is an innovative project that merges the worlds of blockchain, gaming, and NFTs, demonstrating the immense potential of the crypto space. This article explores this promising project along with four other contenders. DigiToads (TOADS) DigiToads operates as an ERC-20 token, making it a part of the vibrant Ethereum ecosystem that has been the cradle of many successful defi projects. The token fuels a unique play-to-earn game where players can collect, raise, and battle digital toads. These toads are more than just game characters; they are popular NFTs that can be owned, traded, and treasured. At its core, DigiToads is a full utility meme coin that operates on the Ethereum blockchain as an ERC-20 token. The project’s goal is to become one of the biggest meme tokens alongside the likes of Dogecoin, Shiba Inu, and Dogelon Mars. DigiToads is considered a high-growth token that increases holders’ chances of earning residual income through NFT staking, P2E gaming, and being a holder of TOAD tokens. One of the most unique aspects of DigiToads is its gaming aspect. The project has developed an exciting new web3 game that allows players to collect, nurture, and battle unique DigiToads. Each DigiToad has its own set of characteristics, strengths, and weaknesses, providing players with a wide range of variety for digital companions. Players can acquire Toads by buying, trading, or even winning them. Using TOADS tokens (DigiToad’s native currency), players can purchase food, potions, and training equipment for their DigiToads, which aid in increasing size, strength, and learning new abilities, providing a competitive edge in battles against other players. At the end of every DigiToads season, which lasts for a month, the top 25% of players on the leaderboard receive TOADS tokens as a reward. Additionally, 50% of the funds raised from the sale of items in the game will be allocated to the prize fund and distributed among the top 25% of players, allowing players to earn real money while playing the game. Another aspect that sets DigiToads apart is its commitment to environmental preservation. The project has pledged to donate 2.5% of its profits to charities committed to the replanting of trees and the preservation of the rainforest. The DigiToads community is also a significant focus of the project, and as such, it is built to reward TOADS holders continuously. TOADS holders receive monthly rewards from the game prize pool, with 10% of funds raised being airdropped to token holders. Additionally, the project allocates 40% of funds raised from in-game purchases to continue development. DigiToads will be releasing 3500 unique NFTs during the presale, which will include TOAD takes on a few prominent figures and characters. These NFTs will be stakeable for rewards that come from the staking pool, with 2% of every TOADS transaction that takes place being added to the staking pool to fund the NFT staking platform. The longer an NFT is staked, the more the holder will earn in rewards. In the realm of altcoins, DigiToads presents a unique blend of entertainment, community, and potential gains. Its innovative gaming platform, reward system, and social commitment make it an appealing choice for those looking to diversify their crypto portfolio. Radiant (RDNT) Radiant Capital is a decentralized finance (DeFi) lending protocol, denoted by the RDNT token, that has gained popularity in the DeFi ecosystem. The protocol is built on Layer Zero, a blockchain layer that serves as the foundation for multiple blockchain networks. This enables Radiant to implement an omnichain approach, which links various blockchain networks for seamless liquidity access. Radiant’s primary goal is to consolidate billions in fragmented liquidity across Web3 money markets under one secure, user-friendly, and capital-efficient omnichain protocol. By doing so, it aims to drive efficiencies in the lending and borrowing process by bringing together liquidity that was previously split across various DeFi protocols. Radiant recently upgraded to Radiant V2.0, which involved a migration to Layer0 OFT, further enhancing its capabilities. The RDNT v2 Token allows depositors to earn platform fees by lending funds and locking Radiant liquidity tokens. To unlock emissions, a 5% ratio between Radiant liquidity tokens and deposits is required. Radiant operates as a non-custodial lending protocol, meaning that users retain full control and access to their assets while participating in lending or borrowing activities. The Radiant protocol is governed by a Decentralized Autonomous Organization (DAO), which aims to make decisions in the best interest of the protocol’s community. This community governance structure emphasizes transparency and democratization within the financial ecosystem. In terms of tokenomics, RDNT tokens have been unlocked from the treasury and the DAO reserve as part of the protocol’s distribution strategy. There has also been a weekly linear unlock for core contributors and advisors. Radiant’s unique features, including its omnichain approach and community-governed structure, set it apart from other DeFi protocols in the market. MultiversX (EGLD) MultiversX is a scalable, secure, and decentralized blockchain network that plays a pivotal role in enabling radically new applications, including those for users, businesses, society, and the nascent metaverse. This network is maintained and fueled by its native cryptocurrency, EGLD. By owning and staking EGLD, users can participate in the network’s governance, vote on network upgrades, and earn rewards in the form of newly minted EGLD proportional to the amount they staked. This functionality makes EGLD a cryptocurrency and a stakeholder token, incentivizing active participation in the network’s ecosystem. The blockchain network of MultiversX has a broad scope, with an emphasis on enabling applications for the metaverse, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), and Web3. These domains represent the current frontier of digital innovation, indicating MultiversX’s commitment to pioneering technological advances. In the first quarter of 2023, MultiversX launched four new products aimed at attracting more users to the protocol. This strategic move suggests the project’s active approach to growth and user engagement. Although the exact nature of these products is not detailed in the search results, they are likely linked to the project’s focus areas, including metaverse applications and DeFi solutions. Previously known as Elrond, MultiversX has rebranded itself to reflect its broader vision and focus on the metaverse. This transition signifies an adaptation to the evolving digital landscape and a dedication to staying at the forefront of technological innovation. In conclusion, MultiversX, with its native EGLD token, represents a dynamic and forward-looking blockchain project that aims to spearhead innovation in the realms of DeFi, NFTs, Web3, and the metaverse. The project’s emphasis on scalability, security, and decentralization, coupled with its active community participation through token staking, positions it as a significant player in the blockchain and cryptocurrency space. As the project unveils new products and attracts more users, it is likely to further solidify its standing in the digital world. Fantom (FTM) Fantom is a next-generation smart contract platform that boasts high-speed transactions at incredibly low costs. Being an open-source, permissionless, and decentralized platform, it provides support for digital assets and decentralized applications (dApps). It is among the numerous blockchain networks developed as an alternative to Ethereum, and its mainnet went live in December 2019. One of the notable features of Fantom is its high scalability, making it a suitable solution for DeFi, dApps, and enterprise applications. The platform currently hosts over 40 projects that have deployed their dApps on the Fantom blockchain, each operating independently. The diversity of projects further highlights Fantom’s flexibility and adaptability. The FTM token is the native cryptocurrency of Fantom and plays a crucial role in the ecosystem. It facilitates decentralized governance and security via a Proof-of-Stake mechanism, and it can also be used for payment interactions and to cover network fees on the platform. Fantom also focuses on the development of DeFi tools, as indicated by its roadmap, which highlights a commitment to increased security with a shift from 12-word to 24-word mnemonics for new wallets. Overall, Fantom’s innovative and efficient platform, coupled with its FTM token, makes it a promising blockchain network. Its ability to handle fast transactions at low costs is an attractive feature for DeFi, dApps, and enterprise applications. Its scalability and user-friendly smart contract platform signify its potential to revolutionize the blockchain space. As the platform continues to evolve, it is poised to solidify its position in the blockchain and cryptocurrency ecosystem. Join the TOADS Community Today DigiToads offers an exciting opportunity for those looking for the next big thing in the crypto ICO world. Whether you’re a seasoned investor or a newcomer, now could be an ideal time to add DigiToads to your portfolio. This is your chance to participate in a groundbreaking project that combines gaming, NFTs, and crypto in a unique and compelling way. Don’t wait for the next crypto boom; make your move now and invest in DigiToads, the altcoin to buy now for huge crypto gains. For more information on DigiToads visit the website , join the presale or join the community for regular updates. Disclaimer: Any financial and crypto market information given on Analytics Insight is written for informational purpose only and is not an investment advice. Conduct your own research by contacting financial experts before making any investment decisions. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Analytics Insight of being absolved from any/ all potential legal action, or enforceable claims.
Fantom Frequently Asked Questions (FAQ)
When was Fantom founded?
Fantom was founded in 2009.
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