Bitcoin Dogs (0DOG) is close to hitting $11 million raised in its presale as the project moves into the final hours of its presale
At the time of writing, the Bitcoin Dogs presale page shows the early community of backers have raised $10,860,997. The countdown timer indicates under 48 hours left before the world’s first initial coin offering on the Bitcoin blockchain closes.
After this, the native BRC-20 token 0DOG will start trading on crypto exchanges. Details on the project’s website note 0DOG will soon list on top tier exchanges.
Bitcoin Dogs’ presale excites crypto market
It’s just over 28 days since Bitcoin Dogs launched its BRC-20 token as the first-ever ICO on Bitcoin.
In under 48 hours, the 30-day ICO that began in frenzy on February 14 will come to an end, heralding the next chapter for the project and a new era for Bitcoin.
This is the key to the massive success that Bitcoin Dogs has witnessed so far – the potential to redefine Bitcoin’s budding L2, NFTs and GameFi ecosystem.
As described in the whitepaper, Bitcoin Dogs minted all of its 900 million 0DOG tokens on Bitcoin. 810 million, or 90% were available for public purchase in a fast-paced ICO where price of 0DOG increased every three days.
0DOG is now in the final stage 10, with its price up from $0.0105 to $0.0404. Early adopters have seen the token’s value rise an impressive 169.33%. The potential for the returns to be higher over the next few weeks is high given the explosive demand that greeted the presale.
Bitcoin’s bull market and the resurgence witnessed in the NFTs and gaming sectors also add to the bullish outlook for 0DOG. This suggests that investors eyeing the project as one of the new gems has until March 15, 2024 to make their move.
Bitcoin Dogs: What to know ahead of market debut
As Bitcoin Dogs makes waves across the crypto presale landscape, a few notable facts stand out.
For example, the purchase of 0DOG during the presale is via ERC-20 tokens, including ETH and USDT. However, an ICO participant needs to submit a Bitcoin wallet address that will receive the BRC-20 tokens.
Bitcoin Dogs has a total supply of 900 million tokens, with a burn mechanism outlined for any 0DOG tokens that remain unsold at the end of the presale. This outcome could potentially impact 0DOG’s long term value.
Worth mentioning too is that all Bitcoin Dogs transactions will be recorded on the Bitcoin blockchain, with 0DOG tapping into the security that defines Bitcoin as the world’s top blockchain network.
Also important to note is that there will be 10,000 NFTs minted on Bitcoin under Ordinal NFTs. Access to these NFTs, which will be among the rarest in the market, will be exclusive to 0DOG holders. The NFT debut, game beta and play-to-earn partnerships are all lined as roadmap milestones for Q2, 2024.
In Q3, potentially amid a raging bull market, Bitcoin Dogs will debut its game and launch a multi-chain bridge.
Learn more here.
