BlockDAG (BDAG) has achieved a significant $371 million presale milestone, selling over 25 billion coins and thousands of mining units globally while still in its presale phase. This positions the project well ahead of its $600 million funding target. The presale is currently in batch 29, with coins priced at $0.0276 – representing a 2,660% increase from the initial batch price.
The project's unique hybrid model combines Directed Acyclic Graph (DAG) technology for scalability with Proof-of-Work (PoW) security. This dual approach has specifically attracted substantial capital from established mining operations and infrastructure players seeking early positioning. These groups view BDAG as a strategic opportunity to leverage existing hardware setups while gaining exposure to potential token appreciation before mainnet launch and mining rewards activation.
BlockDAG's strategy involves distributing mining hardware (X-Series miners) and a mobile mining app (X1 app) pre-launch. This 'preloaded decentralization' aims to ensure immediate network security and activity upon mainnet launch, contrasting sharply with typical token-first launches. The X1 app has onboarded numerous users, potentially transitioning them to hardware mining later, creating a broad participant base early on.
Mining professionals are drawn to the project not only for the presale coin price advantage but also to mitigate future risks like block reward declines and mining difficulty spikes post-launch. The commitment of specialized mining capital, often in large six-to-seven-figure sums, provides a steady funding stream and signals credibility to the broader market, further boosting retail investor interest.