BlockDAG is a revolutionary cryptocurrency based on a direct acyclic graph (DAG) structure, which differs from traditional blockchains. Prioritizing security and sustainability, BlockDAG aims to set new standards of efficiency in the cryptocurrency sector. This article reviews the legitimacy of BlockDag and its investment potential, as well as
providing price predictions.
Table of Contents:
BlockDag presale details
The BlockDag presale is structured in 45 batches, with the following current details:
- Listing Price: $0.05
- Current Batch: Batch 18
- Current Price: $0.0122
- Price of the next batch: $0.014
- Miners sold: 8203
- Total mining sales in USD: $3,443,940
- Tokens sold: 11,831,623,445.71
- Remaining tokens: 21.03 million
- Amount raised: $53.8 million
BlockDag Claims
BlockDAG claims to be the world’s first DAG chain, with the capacity to handle 10,000 to 15,000 transactions per second with minimal fees and quick confirmations. BlockDAG’s infrastructure is designed to potentially offer returns on investment of up to
30,000x.
Is BlockDag legit?
Evaluation of legitimacy
To determine the legitimacy of a project, we consider owner information, KYC details, and contract audit. However, on the official BlockDag website, this information has not been provided, usually present on pre-sale token sites
.
Nevertheless, we do not conclude that the project is false. A thorough analysis is necessary to arrive at a definitive conclusion
.
Reddit discussions about BlockDag’s legitimacy
The discussions on Reddit regarding BlockDag’s legitimacy are mostly negative. Many users have stated that this is a scam, citing a lack of information about the team and the lack of clarity about the blockchain on which BlockDag will be released. One user also mentioned that the BlockDag app, which was supposed to be released on Appstore and Google Play, was not published
as promised.
Despite all these claims, we can’t conclude that BlockDag is a scam or legitimate. Investors should do their own research before investing in this project.
Recent BlockDag developments
BlockDag introduces $2M giveaway
BlockDag Network has introduced a 2 million dollar giveaway. Fifty winners will have the chance to share the prize. The steps to participate in the giveaway include following BlockDag’s social channels, submitting your wallet address, and completing
all the quests.
- Total registrations: 81,942
- Days left: 54
BlockDag price predictions: what is BlockDag?
BlockDAG is a proof-of-work cryptocurrency with a DAG structure, offering smart contracts, secure mining, and optimized performance. Inspired by Bitcoin and Kaspa, BlockDag is proposed as the most advanced layer 1 blockchain
in the world.
BlockDag features
- DAG structure: allows for faster transactions and higher throughput.
- Hybrid consent: combines Proof-of-Work with DAG consensus mechanisms.
- Scalability: Ability to handle multiple transactions without significant slowdown.
- Lower commissions: less computational complexity and the need for mining pools.
- Decentralization: network open to all participants for validation and consent.
- Security: combination of PoW and forkless DAG consent.
- Mobile mining: mining accessible from mobile devices.
What is BDAG?
BDAG is the native token of the BlockDAG platform, used to power the entire BlockDAG ecosystem. Its maximum supply is 50 billion coins, with 66% allocated to the community, 33% to pre-sales and 1% to marketing
.
Is BlockDag a good investment?
BlockDAG offers significant technological and scalability advantages, but it also involves significant risks due to its novelty and technical uncertainties. Before investing, it’s important to do thorough research and understand the risks involved
.
How to buy the BDAG token?
BDAG is currently only available via presale. To buy BDAG, you must connect your cryptocurrency wallet, such as Metamask, Trust Wallet or Plus Wallet, and complete the transaction using ETH, BNB or USDT. The tokens will be distributed at the end of the presale
.
