DigiToads: Pre-sales of new P2E meme coin are breaking records — is this really the best ICO in 2023?

Meme coins are gaining popularity. The competition is growing, but this does not prevent enthusiasts from creating new projects, some of which never reach their goals while others immediately find interest in the eyes of users. One of the latest to show the world its potential is the P2E project DigiToads. Some analysts believe that it will grow by 100 times in 2023. Let’s discuss below what is so special about the new coins and whether they are a good investment.

P2E, NFTs, and staking option: What is DigiToads?

TOADS is an Ethereum-based meme token that is part of the P2E game ecosystem. The coin is primarily used to buy in-game items, in particular TOAD NFT, which can be used not only for training and participating in in-game battles but also for staking.

Given the growing market competition, the project’s creators emphasized innovation, the possibility for users to make a profit, transparency, and security. DigiToads now offers as part of its ecosystem:

• P2E games. 25% of the best players receive a reward in the form of a prize fund (proportional to 50%), derived from internal sales. The rest receive prizes of 10%. In this way, users will try to improve their skills and play better.
• NFTs. 
• NFT Stacking.
• Platinum Toads.

On top of that, the project is environmentally friendly (2.5% of project profits go to reforestation charities) and community-driven. In particular, its members vote for the project’s main mascot, which is chosen through a meme contest.

Every 2% of a transaction goes into the staking pool, and the more users stake their funds, the bigger share they get. In addition, if the user has three or more TOADS NFTs, he gets the opportunity to take a course on trading from experts.

As it became known, the project team intends to release its own DEX, but only after DigiToads gains popularity and the community recruits enough users. For now, the goal is to launch on Uniswap. This event will occur after ten stages of pre-sales. And after each stage, the price of the asset will increase. As of this writing, the project has raised over $700K (more than 80M tokens) in pre-sales.

🎉🚀BIG NEWS!🚀🎉
Thanks to our incredible community, DigiToads has just hit 700k in presale! 🙌🐸

Let’s keep pushing forward and revolutionize the crypto world together! 💻🌎 #DigiToads #presale #cryptocurrency pic.twitter.com/lwUYuNkNAV

— DigiToads (@Digitoadsworld) April 6, 2023

The head of the product is Ukrainian blockchain company RedDuck  and the DigiToads’ team consists of:

• Kiryl (there is no link on the official website) — CPO.
• Mark Virchenko — Product Manager.
• Karina Tymchenko — Social Media.
• Cullen Evans — Digital Marketing.

Toad tokenomics and taxes

According to data on official website, TOADS total supply, The amount of coins that have been already created, minus any coins that have been burned, is 585M. And that’s how they are distributed:

• 272.5M TOADS or 46,58% — presale.
• 130.65M TOADS or 22,3% — community growth and liquidity.
• 84.35M TOADS or 14,41% — competitions and prizes.
• 43.5M TOADS or 7,5% — development.
• 29.25M TOADS or 5% — team tokens.
• 24.75M TOADS or 4,3% — project launch + public release + initial treasury pool + misc.

As for taxes, the ecosystem has a fee for both selling and buying TOADS. In both cases, it is 7%, and the funds received are distributed in the same way. Here’s how:

• 2% token burn. The process is already built into DigiToads. This is how the team got rid of the deflation factor. In simple terms, the number of TOADS in the market is constantly decreasing, which automatically creates a shortage of tokens and increases demand. Which in turn affects the value of the asset.
• 2% NFT staking pool. Each transaction adds 2% of tokens to the staking reward.
• 1% liquidity pool. To never run out of stock.
• 2% treasury. Also contributes to the staking pool and maintains the deflationary model. This way, users can always join and leave the ecosystem whenever they want without any problems.

TOADS current value and the team’s plans

As we mentioned above, the value of the asset goes up after each round. The current stage is Lilypad 2, in which one TOAD can be bought for $0.012. Thus, 78,95% of all assets have already been sold. That leaves just over 5M coins for sale. At the last stage of the presale, the coin will cost $0.005.

The next rise in price will take place in 17 days, after which the price will be raised to $0.016. However, given that the presale began relatively recently and the speed at which users buy the asset, there is a possibility that by the beginning of the next phase, all tokens will have been sold out.

As for the team’s plans, if we believe the roadmap, the project is now in its first stage, in which the token audit has passed, the website has been launched, presales and the initial token generation have begun. And here’s what interesting things await DigiToads in the future:

• NFT teaser.
• Uniswap launch.
• NFT mint.
• Launch staking.
• TOAD-ETH liquidity pool listed for farming rewards on multiple DEXs.
• Go cross-chain.
• Add bridge.
• NFT battle, community beta testing, the release, and more.

In addition to the opportunity to pre-purchase TOADS, you can participate in the $150K giveaway. For more details, visit the project website.

Is DigiToads the best ICO in 2023?

The goal of the project is to capture the leading position in the cryptocurrency market and surpass already popular meme coins, such as Dogecoin, Shiba Inu, and others. According to analysts, this is quite possible, and according to their predictions, the asset could grow x100 by the end of the year.

In addition, early investors who are already buying up the asset will see a return on investment of more than 450% after launch, which, according to Bitcoinist, suggests an almost inevitable return.

Something else that could increase the asset’s popularity is the approaching altseason, the start of which is increasingly relevant given Bitcoin’s systematic decline. Add to that the possible expansion of the GameFi industry in 2023, and it turns out that TOADS could grow even faster.

However, it is too early to draw final conclusions. All of the pluses we mentioned above do not reflect the real state of affairs. It can be seen that the project is developing and doing so very rapidly, but whether this will be the result of it is not clear yet. The experts’ assessment can lead to nothing, and displacing already popular tokens may be an impossible task. What we have described can only be regarded as an opportunity for investment, not as advice for an immediate purchase. DYOR.