DigiToads is one of the best altcoins when it comes to the provision of passive income. And this is all thanks to the self-propagating ecosystem (The Swamp) that does the heavy lifting on the investor's behalf.
The Swamp opens up a new staking opportunity with its NFT Staking program that turns all 3,500 DigiToads NFTs into revenue-creating assets. These stakers earn consistent payouts funded by the protocol's taxation system. This link between taxes and payouts causes the funds received by stakers to increase in tandem with ecosystem activity.
Analysts have forecast the floor price of these NFTs rocketing on the secondary market when payouts materialize on August 21st. This means as well as receiving dividend payments in line with ecosystem activity, stakers will also hold an appreciating asset.
The taxation system, Toad Tax, which funds the staking payout pool, directs 2% of every transaction to these holders. Additionally, it burns 2% meaning that users receive rewards in $TOADS, a hyper deflationary token.
The protocol's treasury fund will also periodically top up the NFT Staking payout pool, and the active treasury management strategy employed by DigiToads, known as the Platinum Toads initiative, grants the best on-chain raiders remote control of the treasury.
In practical terms, it means stakers will earn rewards from taxes and rewards from trading activity in DeFi, hence analysts' classification of DigiToads as a pioneering project and one of the best passive income plays of 2023.
Chainlink (LINK) has seen a rush of economic activity due to the release of its CCIP (Cross-Chain Interoperability Protocol), which seeks to make an internet of smart contracts. This new tech stack will allow cryptos to travel freely across chains, enable developers to create cross-chain applications, and connect private and public blockchains. The final application of CCIP could see direct on-ramps between TradFi banks and DeFi.
$LINK staking has caught the eye of many investors. Users can lock up their $LINK and earn staking rewards by providing economic security guarantees for Chainlink's (LINK) oracle services. The staking program sees 7% APR rewards for node operators and nearly 5% for ordinary stakers. Analysts' price predictions estimate $LINK trading between $13.62 and $15.62 in 2024, meaning stakers can currently stack up undervalued Chainlink (LINK) through the staking program.
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