Antony Turner Leads BlockDAG's $435M Presale for Revolutionary Layer-1 Network

03.11.2025 04:20 3 sources positive

Antony Turner, the CEO and founder of BlockDAG Network, is at the helm of one of the largest presales in cryptocurrency history, having raised over $435 million from 312,000 holders and distributed more than 20,000 physical mining rigs. With a professional background rooted in public markets, Turner previously served as Chief Operating Officer at Spirit Blockchain, a publicly traded firm, and founded Switzerland's first equal-weighted crypto index fund, emphasizing fairness and regulatory compliance.

BlockDAG is engineered as a high-performance Layer-1 network, combining Proof-of-Work security with a Directed Acyclic Graph (DAG) structure to achieve up to 15,000 transactions per second (TPS), far surpassing Ethereum's average of 15 TPS. The Awakening Testnet has already recorded 1,400 TPS in real-world conditions, showcasing its scalability potential.

Under Turner's leadership, the presale has progressed without venture capital control, with the coin priced at $0.005 ahead of a confirmed launch value of $0.05. The project prioritizes community-driven ownership and transparency, supported by initiatives like the X1 mobile miner app, which has over 3.5 million users and employs a Proof-of-Engagement system for accessible mining.

Strategic partnerships, including a high-profile sponsorship with BWT Alpine Formula 1 Racing, highlight BlockDAG's commitment to institutional-grade standards and global visibility. Turner's focus on interoperability, EVM compatibility, and educational efforts through the BlockDAG Academy further solidifies the project's aim for long-term sustainability and mass adoption.