• The SEC recently issued a subpoena to SushiSwap, a decentralized exchange (DEX).
• DigiToads (TOADS) is a web3 game ecosystem on Ethereum that combines meme coins and gaming elements.
• SushiSwap’s native token, SUSHI, is used for governance and as a reward for liquidity providers.
The SEC Subpoena Against SushiSwap
The United States Securities and Exchanges Commission (SEC) recently issued a subpoena to SushiSwap, a decentralized exchange (DEX), and Jared Gary, its chief executive officer (CEO). The SEC requested certain documents related to an investigation they are conducting.
What is DigiToads?
DigiToads (TOADS) is an Ethereum-based web3 game ecosystem that combines meme coins with gaming elements to create an immersive experience for players and investors. TOADS holders can participate in in-game rewards, NFT staking, trading competitions, and more. Additionally, the project has dedicated 2.5% of its annual profits to non-profit organizations devoted to the conservation of the Amazon rainforest. The presale price of TOADS will start at $0.01 but rise up to $0.055 at the end.
Features of SushiSwap
SushiSwap is another decentralized exchange (DEX) operating on Ethereum that launched in 2020. It uses liquidity pools which are used by traders to facilitate trades on the platform while liquidity providers receive a portion of trading fees in return as rewards. The platform also introduced yield farming where users can earn additional rewards for providing liquidity via their native token called SUSHI which plays an important role in network operation and maintenance as well as governance decisions made by holders of this token..
Will DigiToads Impact Crypto Markets?
The hype around DeFi protocols has driven lots of excitement and investment over the last few months making people wonder if DigiToads will have more influence than what SushiSwap had before its SEC subpoena was served or not? It remains yet unseen but it seems like the project’s prospects make TOAD undervalued so far according to some experts’ opinion meaning there may be potential gains associated with it if everything goes well with their current roadmap..
DigiToads could set a new course for crypto markets if they manage to fulfill their promises while maintaining regulatory compliance making them stand out from other DeFi protocols currently available on Ethereum blockchain networks such as SushiSwap or others alike..