TrueUSD lost its peg with the dollar momentarily in June, dropping to a trading value of about $0.9964. The dip preceded an interruption in the minting process. While it has since regained its peg, its future remains in doubt.
DigiToads (TOADS), a blue-chip altcoin, shows early signs of excellence. The dual-faceted project is on an impressive historic run. Pending its official launch, it is showing all signs of a breakthrough.
This article is about DigiToad’s significant run, and the doubtful future of TrueUSD, a shining project that is losing steam. Keep reading to know more.
DigiToads’ Early Run is a sign of Post-Launch Momentum
DigiToads is on a shopping spree, and looking to outdo some long standing crypto projects in the meme coin space. The project is a meme coin enjoying massive popularity in social spaces.
Its meteoric rise to over $6.8 million in presale earnings is a record and the utility side helps it withstand increasing market pressure when hype and FOMO lose steam.
The utility dimension of DigiToads functions on various levels, starting from the metaverse. The metaverse is a fun-filled space, pushing the limits with P2E that promises massive prizes for gamers taking part. As things stand, the arena harbors a gaming console that uses TOAD characters to function.
Epic battles pit top gamers with each other, with the sole goal of topping the leaderboards. Those at the top of the leaderboards walk away with massive prizes, including an increased stake in their TOAD ownership in the DigiToads ecosystem.
The DigiToads metaverse goes beyond fun, as it hosts a gaming marketplace, where gamers can rev up their characters for more formidable battles. As they do so, the marketplaces gather income, which the project redistributes to everyone involved.
Gamers get the lion’s share of the assets in the marketplace, while passive investors get up to 10%. The treasury uses the rest to bring exciting features to the project, voted upon by the DAO. Each decision by the leadership and the DAO benefits TOAD holders.
The staking pools are other avenues for passive income. The purpose of the pool is to force investors to maintain their TOADS ownership longer, to push the project forward, and to be able to accomplish its goals. Liquidity pools offer an avenue for those involved to come in and out of the project easily. They push the democratic principles of the project a notch higher.
DigiToads is a project centered on driving the interest of investors. Beyond the passive incomes in various arenas on offer. It has a token burn mechanism, which kicks in whenever the value of TOADS supply exceeds healthy tokenomics.
In addition, the mechanism complements the early run of TOADS, poised to launch on the 21st of August. So far, TOADS is up 400%. The figure will jump to 450% once the token launches officially.
TrueUSD’s Future: Will it Maintain its Shine?
TrueUSD has been on-toe with USD for as long as it has been around. The project started in 2017 and has pushed the limits to stay true to its root. It is a stablecoin, pushing the limits to remain pegged to the USD.
In June, the project dropped its peg momentarily, pushing some doubt among its holders. In the same breath, some altcoins in the class of stablecoins also had their own storms to contemplate when they lost their parity with the dollar.
The conversation brings to mind the likes of Terra USD. Current charts show that TrueUSD has regained its parity, and is some points higher than the USD as of this writing. The crash of some stable coins highlights that they are not immune to market pressure.
Conclusion
TrueUSD maintains a healthy parity with the dollar. Nonetheless, its parity with the greenback does not mean it is immune to market pressure. DigiToads, on the other hand, is dual-faceted, meaning it’s able to withstand a lot. Its presale is on a rampage and nearing soon, meaning the perfect point for investor entry.
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