BlockDAG has managed to raise $299 million, surpassing legendary ICOs such as Tezos, Filecoin, and Polkadot. This event marks a shift in how crypto projects raise funds.
ICO Titans: A Brief Overview
Among projects that stood out in the history of crypto fundraising are Tezos, Filecoin, and Polkadot. These companies raised hundreds of millions of dollars and became cornerstones of blockchain infrastructure between 2017 and 2020.
Tezos raised $232 million in two weeks but faced legal troubles that delayed its development.
Filecoin raised $233 million but relied on venture capital and faced slow development.
Polkadot raised $145 million but also experienced slow development and interoperability issues.
BlockDAG's Achievements in Fundraising
BlockDAG raised $299 million entirely through public presale, without venture capital. This achievement is noteworthy amid other projects, as BlockDAG already has a working product — the X1 app, used by over 1.5 million users, enabling them to mine BDAG coins.
BlockDAG's success demonstrates a fundamentally new approach to fundraising, eliminating the need to promise future products.
The Future of BlockDAG and Its Significance for the Crypto Industry
BlockDAG aims to raise an ambitious $600 million. This will establish one of the largest liquidity pools for any new blockchain. BlockDAG’s success signifies a shift away from venture-capital-dependent models towards inclusive and transparent approaches, where everyone can participate and benefit.
BlockDAG’s achievement of raising $299 million highlights a transformation in fundraising methods in the crypto industry. This project sets a new standard where participation prevails over privilege.
