The crypto project BlockDAG attracts attention due to its strategy based on a long-term approach to launch and likely high utility for users.
The Locked Supply Thesis: Why It Matters
BlockDAG's strategy focuses on delaying coin circulation. The presale has raised $323 million and sold 23.2 billion coins, but none are currently available for trading. All participants bought with the understanding of future receipt, minimizing the risk of significant sell-offs.
A Rare, Strategic Launch Plan
BlockDAG’s launch method is rare in the crypto space. Typically, the focus is on coin liquidity; however, BlockDAG opts for the opposite approach. The phased strategy includes: - Completion of the presale in six weeks, conversion of X1 points to BDAG, and ending of staking. - Launch of the mainnet in four weeks, but coins remain non-tradable.
Demand Without Liquidity: The Pressure Cooker Setup
Currently, BDAG is being actively mined via the X1 mobile app, though tradeable tokens are not yet available. This creates an interesting situation where demand is high, but there’s no immediate selling pressure. BlockDAG’s model mimics the early days of Bitcoin when mining was the sole method of obtaining coins.
BlockDAG’s locked supply strategy sets it apart from typical crypto launches. With an active ecosystem and early participants, the project is well-positioned for a powerful market entry once trading begins.
