Cryptocurrencies

BlockDAG Builds Momentum As Presale Goes Past $24 Million

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Written By: Michael Abadha
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    Summary:
  • BlockDAG Network combines the safety of blockchain technology and the high speed of block-directed acyclic graph (DAG), democratising mining.

Blockchain technology is undergoing a revolutionary shift, and BlockDAG is among the projects at the forefront of this shift thanks to its innovative, democratic and potentially disruptive approach to financial decentralisation and ecosystem. Also, the BlockDAG Network project recently revealed that it will have $100 million in liquidity backing at launch, and this has helped it draw even more interest.

The project came to light in early 2024, and since then, its presale momentum has soared, raising $24.5 million as of this writing. It has a total token supply of 150 billion, out of which 33% (50 billion token) will go toward the presale and 1.5 billion tokens (1%) will go to the project team. A vast majority of the token (98.5 billion) will go to the BlockDAG community. The project has strategically focused on community development to reach out to the masses, and even expects to churn out a mobile mining app to enable mining on smartphones.

BlockDAG Network’s innovative synchrony of block-directed acyclic graph (DAG) structure and blockchain technology is the core attraction of the network. The BlockDAG team is leveraging this interest and has embarked on an aggressive online marketing campaign on social media platforms like X, Discord, YouTube and Instagram.

The coin just got listed on CoinMarketCap, marking a major milestone in its development roadmap. Ultimately, it is expected to start trading on Centralised Exchanges, which will give it an even greater exposure. As of now, BlockDAG is promising its community cutting-edge Proof-of-Work (PoW) algorithm that delivers industry-leading confirmation speeds of up to 10 blocks per second.

How to buy BlockDAG?

As BlockDAG is currently not listed on any exchanges, you can only secure your coins through the presale. To buy BlockDAG, users need to fund their MetaMask, Trust Wallet or Plus Wallet with ETH, BNB and USDT. They will then be required to purchase at least $15 worth of the BDAG coin, at the rate of 0.007 USDT = 1 BDAG. The project’s supporters will receive their BlockDAG coins through airdrop after the presale ends. The BlockDAG team will announce the airdrop date as the BDAG launch draws near.

This post was last modified on May 10, 2024, 14:14 BST 14:14

Written By: Michael Abadha

Michael is a self-taught financial markets analyst, who specializes in analysis of equities, forex and crypto markets. He draws his inspiration from the fact that markets provide an interface through which the world interacts in search of a better tomorrow.

Published by
Written By: Michael Abadha