6 Altcoins with 10x Potential: DigiToads, Solana, RobotEra, IMPT.io, Battle Infinity, Yearn.finance | bitcoinist.com
Cryptocurrencies are becoming increasingly attractive to both experienced and new investors. As the industry expands, traders are looking for the best altcoins with the potential to increase tenfold in value. DigiToads, Solana, RobotEra, IMPT.io, Battle Infinity, and Yearn.finance are some of the most promising altcoins that can potentially generate immense profits for investors. In this article, we look at each of these promising altcoins and analyze their respective features and risks.
DigiToads is a DeFi platform that uses the Ethereum blockchain to issue its own Mem coin, allowing users to participate in an exciting play-to-earn game. The platform showcases an intriguing swamp metaverse and incorporates a Web3 game where users can engage in battles, compete for leaderboard positions, participate in on-chain trading contests and win great prizes .
TOADS, the native token of the ecosystem, features a staking option that allows users to earn additional rewards for participating in the platform’s ecosystem.
Interestingly, the platform has implemented a new on-chain trading system to incentivize users to trade and increase the platform’s liquidity. And to keep the community interested and motivated, the platform regularly hosts tournaments, airdrops, and giveaways.
The deflationary nature of the DigiToads supply means that the total amount of tokens in circulation naturally decreases over time. To further guarantee token scarcity, the platform has an inbuilt auto-burn mechanism that destroys 2% of each TOADS transaction. This function incentivizes token holders to avoid burning their tokens, which bodes well for the long-term viability of the platform.
The Swamp Metaverse of DigiToads sets itself apart as an ecosystem, providing users with a rich and dynamic environment to play in. Combats and quests are available for users to participate in, the latter allowing them to earn TOADS tokens and the former to see where they stand on leaderboards.
Non-fungible tokens (NFTs) and other collectibles are distributed to users as they advance in the game and are distributed through a robust rewards system built into the platform.
TOADS, the platform’s native token, is used for everything from staking to trading to in-game purchases and is vital to the functionality of the platform. The staking mechanism compensates users with a portion of the platform’s transaction fees. Furthermore, its state-of-the-art on-chain trading system enhances the platform’s liquidity, which incentivizes users to trade.
Regarding future growth, the DigiToads team announces the TOADS price to increase tenfold during the pre-sale only. And once the token is launched on a public exchange, we can easily expect a much higher skyrocketing pattern.
Visit DigiToads Presale
Join DigiToads Telegram Community
Solana (SOL) is a high-performance blockchain platform that aims to deliver decentralized applications that are deployable, scalable and secure (DApps). To reach its high speed and scalability, the platform uses a novel combination of technologies, such as a Proof-of-Stake (PoS) consensus mechanism, a transaction processing system called Tower BFT, and a parallel processing system Which is called Gulf Stream.
One of the fastest and most cost-effective blockchain platforms currently available, Solana can process up to 65,000 transactions per second (TPS) while keeping fees low.
Decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming are just some of the decentralized use cases supported by the Solana ecosystem. It is popular among programmers and end users due to its low transaction fees and extremely fast processing times.
The platform’s native token, SOL, has seen significant price growth over the past year, attracting the attention of investors.
There is a growing need for fast and scalable blockchain platforms, and Solana’s impressive technical features make it a promising candidate for the future. The platform has received backing and funding from industry giants such as FTX, Alameda Research and Jump Trading.
Due to its scalable and high-performance architecture, developers will find it a desirable platform to build and launch their distributed applications. With respect to user experience, speed, scalability and security, Solana has what it takes to become a leading platform in the DeFi, NFT and gaming industries.
The ultimate aim of IMPT.io is to educate people on the importance of reducing their environmental impact. The IMPT will use the carbon credits you buy from the market to help offset the cost of this abatement. Greenhouse gas reduction is measured in terms of carbon credits. By introducing NFT carbon credits on the Ethereum blockchain, the IMPT project will greatly enhance the transparency of the carbon offset market.
The IMPT project will help reduce the level of secrecy that has long plagued the industry. As one of the first blockchain-based markets for carbon offsets, IMPT Token will benefit from the expansion of the environmental, social and governance (ESG) sector, which could make it attractive to ethical investors.
An exciting new multiverse, Robotera, is set in the future and populated by robots working to restore Planet Taro. Users can buy and sell land plots, rebuild their virtual worlds, and participate in a thriving secondary economy in this sandbox-style construction game.
To participate in Multiverse, users must first obtain a Robotera NFT, which will serve as their in-game avatar.
With its interconnectedness with other worlds and its support for the development of established NFT communities, the Robotera multiverse is seen as a significant advancement in the metaverse. When a user has ownership of the land, they can build virtually anything they can imagine, from exciting businesses and structures like theme parks and concert halls, to museums and educational institutions.
Planet Tarot, a beautiful world that endured a cataclysmic event, is the subject of legends widespread across the multiverse. However, some robots with human brains made it through, and it is now their responsibility to rebuild society.
The primary focus of Battle Infinity is the iBat Premier League, befitting the game’s eponymous name. It functions similarly to a traditional fantasy sports league, but uses NFTs and is stored on the blockchain. As a result, players can engage in a fair and decentralized marketplace for trading players within Battle Infinity.
Like other recent NFT initiatives, Battle Infinity features a special NFT marketplace (called the Battle Market) where players can buy and sell digital artwork and in-game items created by other players. In addition, players can purchase “plots of land” within the Metaverse (called “Battle Arena”) and earn money through in-game billboards.
The Battle Infinity token, $IBAT, can be used to participate in the platform’s economy and earn rewards through staking. Finally, the project’s credibility is bolstered by the fact that Battle Infinity has been KYC-verified on CoinSniper and has been fully audited by SolidProof.io.
Yearn.finance refers to a suite of protocols built on the Ethereum blockchain that facilitate lending and trading services for the cryptocurrency, thereby maximizing users’ potential returns.
Decentralized finance (DeFi) initiatives are on the rise, and yearn.finance is one of them. Such DeFi projects do not rely on a centralized authority such as a bank or custodian to provide their services; Instead, they rely solely on the code. To achieve this goal, the company has developed a set of automated incentives focused on the YFI cryptocurrency.
Users of the Yearn.finance platform can earn YFI tokens by staking yearn.finance contracts on the Balancer and Curve DeFi exchanges.
By encouraging users to store their crypto assets in year.finance DeFi, they can benefit from a “yield farming” strategy. Users receive more tokens from the platform’s protocol in proportion to the value of the assets they have locked.
The Yearn.finance platform is one of the fastest growing DeFi projects ever, attracting almost $800 million in assets in its first month of operation.
The Altcoins discussed in the article provide an attractive investment opportunity with the potential to generate returns of up to 10x. As the crypto asset class evolves, investors should continue to monitor the market and grab those with the top long-term profit potential.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are those of the content provider only and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of the information available in such materials. Do your research and invest at your own risk.