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Success of BlockDAG: $371M Raised to Support the Network

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by Giorgi Kostiuk

7 hours ago


BlockDAG cryptocurrency continues to gain popularity, having raised $371 million in the presale process, helping it move towards a $600 million goal.

Hybrid Model Draws PoW Professionals

The hybrid model combining DAG and Proof-of-Work (PoW) distinguishes BlockDAG against other projects dominated by pure speculation or PoS models. Professional miners see an opportunity to actively participate in securing the network after launch, using existing hardware and energy contracts.

Securing Early Gains Against Reward Shifts

Mining profitability heavily depends on timing. Experienced miners understand that acquiring coins before a network launches can help offset future reward dilution. By joining BlockDAG’s presale, they can lock in a price that has already increased by 2660% since the initial batch.

Miner Capital Speeds the Path to $600M

Unlike general market buyers who often follow hype cycles, mining-focused capital is deliberate and sizable. The involvement of specialized miners has become a stabilizing factor for funding, bringing the project closer to its $600 million target.

The growth story of BlockDAG's presale indicates that the project's future relies not only on speculation but also on the capital being attracted from established market participants. With nearly $371 million raised and over 25 billion coins sold, BlockDAG is on the path to a strong launch.

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