DigiToads: The Potential Impact on Crypto Markets After SushiSwap’s SEC Subpoena

The hype around DeFi protocols has generated a lot of excitement and investment over the past few months. DigiToads (TOADS) could set a new course for the crypto market. The question remains: Will it affect the market more than Sushi Sushi?

SushiSwap call command

Earlier this week, the US Securities and Exchange Commission (SEC) filed a subpoena regarding SushiSwap, a decentralized exchange (DEX), and Jared Jarry, its chief executive officer (CEO). The SEC said they want certain documents related to a case they are investigating.

What is DigiToads (toads)?

DigiToads (TOADS) is a web3 game ecosystem on Ethereum. It combines meme coins with gaming elements to create an immersive experience for players and investors. Holders of TOADS, the platform’s native token, can participate in in-game rewards, NFT contests, and trade.

The top 25% of players in the game are rewarded from a prize pool. Meanwhile, the winners of the cross-chain trading competitions get Platinum Toads, which they can use to trade with the project treasury and make profits.

DigiToads participates in efforts to preserve the Amazon rainforest and its inhabitants. Therefore, the company will give 2.5% of its annual profits to non-profit organizations (NGOs) dedicated to its preservation and restoration. The initiative also has a range of digital merchandise designed to help raise money for the same cause.

DigiToads pre-sale price will start at $0.01 but will rise to $0.055 at the end. Some say the project’s prospects make TOAD undervalued.

>> Check out DigiToads presale

Features of Sushi Swap (Sushi)

SushiSwap is a decentralized exchange (DEX) on Ethereum launched in 2020. One of the fundamental differences between SushiSwap and other DEXs is its use of liquidity pools. Liquidity providers deposit funds into pools, which are then used to facilitate trades on the platform. In return, they receive a portion of the trading fees.

DEX also introduced the concept of yield farming. Here, users can earn additional rewards for saving liquidity. The platform’s native token, SUSHI, is used for governance and as a reward for liquidity providers.

SushiSwap’s native token, SUSHI, is critical to the operation and maintenance of the network. Its holders have a voice in governance by voting on ideas to enhance the SushiSwap ecosystem.

minimum

As a DeFi platform, DigiToads allows users to earn rewards. Its play-to-earn (P2E) model approach and focus on web 3 games could help the project expand its user base.

In addition, the deflationary nature of its supply may help the token grow in the long term.

For more information about DigiToads, visit websiteJoined Pre-saleor join the Community.

Use the code: FinTech10 Get 10% Bonus Codes on your next DigiToads purchase.