This week, news broke that Binance has resumed operations in Russia and opened its first office. This comes on the heels of the launch of Digitoads (TOADS), a new meme-based cryptocurrency, whose presale began just a few days ago. With more than $3M already raised, the presale is quickly becoming a hit. Let’s take a closer look at why investors are jumping on board this top altcoin.
DigiToads (TOADS) has made waves in the crypto world, selling over 177 million tokens and becoming one of the hottest presales this year. DigiToads (TOADS)’s success is rooted in its utility meme coin, upon which they are building a metaverse called ‘The Swamp’.
In this swamp, users can breed, battle, and train DigiToads NFTs that can be used to battle others and win rewards. TOADS tokens can be used to purchase food and items to help level up DigiToads, so the more tokens a user has, the better.
But the rewards for holding TOADS go beyond just virtual world gaming. TOADS is a deflationary coin, meaning that every time a transaction is executed, 2% of the tokens are burned and another 2% are returned back to the staking pool. This makes TOADS a great investment for those looking to increase their holdings over time.
Holders of TOADS NFTs can stake their assets in the staking pool and receive rewards in the form of additional TOADS tokens. With so many ways to earn rewards, it’s no wonder that investors have been so eager to get a piece of the pie.
The DigiToads (TOADS) project has experienced remarkable success during its presale, raising more than $3 million. Currently, TOADS tokens are being offered at $0.027 each, but the price is slated to increase to $0.036 during the next phase of the presale.
Binance (BNB), one of the world’s largest cryptocurrency exchanges, has discreetly reversed the restrictions it previously imposed on Russian users on April 22nd. Binance (BNB)’s actions follow the sanctions imposed by the European Union (EU) on Russia in March 2022, in response to their aggression towards Ukraine.
Previously, Binance (BNB) had stopped supporting deposits from Visa and MasterCard cards issued in Russia and also ceased any deposits from cards used within the country as a reaction to the geopolitical situation.
Interestingly, this latest development came after a prior report from a news outlet indicated that Binance (BNB) had lifted the account balance limits exceeding 10,000 euros for Binance (BNB) users residing in Russia. Despite these significant changes, Binance (BNB) has yet to officially confirm or announce any of these modifications.
This news is particularly beneficial for Russian users who are interested in cryptocurrencies as it enables them to access one of the world’s largest exchanges and swap the Russain Ruble (RUB) for digital assets that act as a hedge against the devaluing Russian currency.
The price of Binance (BNB) initially reacted positively to this news, with a 1-day gain of around 5% to $332. However, the digital asset has since cooled off and is currently trading at a price of $314 as investors look to other crypto projects for potential gains.
In summary, the news of Binance (BNB) resuming operations in Russia was met with excitement from the cryptocurrency community in Russia. It is also beneficial for Binance (BNB) holders who profit from the continued success of the exchange.
Meanwhile, DigiToads (TOADS) has seen massive success in its presale, and investors are eager to capitalize on the deflationary meme coin with heaps of utility. With over 200 million tokens sold and a price hike for the next phase of the presale in sight, it’s no wonder that investors are flocking to DigiToads (TOADS) as one of the best altcoins to buy.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
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