Enjin Coin (ENJ) and DigiToads (TOADS) are two of the most promising crypto tokens for 2023, but which one will come out ahead? Senior crypto analysts have been combing through whitepapers and understanding their value propositions to deliver an answer. And the overwhelming result was DigiToads! With a smaller market cap and a more unique value proposition, DigiToads looks ready to soar in 2023.
Enjin Coin (ENJ)
Enjin Coin (ENJ) is a cryptocurrency created by Enjin, the largest gaming community platform with over 250,000 gaming communities and 18.7 million registered gamers. The Enjin team aims to design ENJ as the most usable cryptocurrency for the gaming industry. It is an Ethereum-based cryptocurrency used to back the value of next-gen fungibles and non-fungible tokens (NFTs).
The basic idea behind Enjin Coin is to use blockchain to facilitate the transaction of in-game or virtual assets. ENJ is used to manage virtual inventories, much like how blockchain facilitates financial transactions with real-world assets. Enjin is a Singapore-based tech company that offers services for Ethereum blockchain developers and game developers. However, with an increasingly bloated market cap and increased competition in GameFi, analysts have stated that Enjin Coin (ENJ) is nowhere near as attractive now as it was two years ago.
DigiToads is a web3 game in which players can collect, nurture, and battle unique digital creatures called DigiToads. Players can acquire DigiToads by buying, trading, or winning them and improving their strength using TOADS tokens. The game has a leaderboard, and the top 25% of players will receive TOADS tokens at the end of each season as a reward.
2.5% of the profits will be pledged to environmental charities, and the community of TOADS holders will be rewarded monthly with airdrops. 2% of every TOADS transaction will go to the NFT Staking platform, and NFT holders who stake their NFTs will earn rewards. There will also be monthly trading competitions with Platinum Toads up for grabs, and the best traders will receive 10% of their profits for the treasury.
DigiToads Set To Rocket In 2023
DigiToads’ community-centric focus and ability to grow its treasury and distribute rewards to token holders consistently make this project a hidden crypto gem. As the treasury grows and airdrops increase, the demand for TOADS will skyrocket, and early holders could see gains of more than 75X!
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