Memes have become a significant part of social media interactions, and with the widespread adoption of the internet, they have quickly spread worldwide, bringing communities together. This gave birth to meme coins – initially joke-based currencies that gained financial value.
The pioneer of meme coins, Dogecoin, paved the way for other meme-based cryptocurrencies to gain popularity. And today, two leading meme coins, Shiba Inu (SHIB) and DigiToads (TOADS), are actively competing with more serious established projects regarding utility and growth potential. If you’re new, and wondering how to get into cryptocurrency, don’t worry. In this beginner’s guide, we will discuss these top Ethereum tokens and walk you through how to buy them.
Shiba Inu (SHIB)
Shiba Inu is a meme-based cryptocurrency launched in August 2020. It was created as a decentralized community experiment to challenge the dominance of other popular meme coins like Dogecoin.
One of SHIB’s principal utilities is its use as a governance token for ShibaSwap, allowing holders to participate in the decision-making process for the platform. Additionally, SHIB can be used for transactions and payments like any other cryptocurrency, making it a viable option for merchants who want to accept payments in digital assets.
How to buy SHIB?
To buy SHIB, you must first research and choose a reputable exchange or platform that supports SHIB. Once you have chosen an exchange, create an account and choose your funding method. Select the cryptocurrency you want to purchase SHIB, such as BTC or ETH. Then, enter the amount you want to buy and connect your wallet to the exchange. Finally, make the payment and keep the transaction number safe for future reference.
DigiToads is a fascinating new ERC20 token causing quite a stir lately. It’s not just the amusing name that sets DigiToads (TOADS) apart from other meme coins, but its unique Play-to-Earn features that offer holders a chance to earn residual. Its web3 game lets players collect, nurture, and battle unique DigiToads. These pets are represented as some cool NFTs which users can also stake to secure an extra source of income.
Before purchasing TOADS, it’s important to note that the token is currently in a presale phase and will only be available to trade once it launches on Uniswap.
How to buy TOADS?
To buy TOADS, the first step is to create an account on the DigiToads website. This simple sign-up procedure requires your name, phone number, email address, and password. Once your account is set up, you can choose your preferred funding method. TOADS supports 17 different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).
After selecting your desired currency, you can choose the purchase amount and connect your wallet to the DigiToads platform. Once your wallet is connected, you can proceed to make the payment. It’s essential to keep the transaction number safe as it will be necessary for tracking your purchase.
Once you complete the purchase, you will soon see the number of TOADS purchased on your account dashboard. It’s important to note that as TOADS is currently in a presale phase, there may be delays in receiving the tokens. However, the DigiToads team ensures the buying process goes smoothly. They will quickly help you with any issues once you contact them via telegram or discord.
Meme coins have become a fascinating and rapidly growing segment of the cryptocurrency market, and with the overall bullish sentiment, investors are gearing up to be prepared. Follow the guide to purchase two of the best cryptos to invest in now and earn big in the future.