Bitcoin News Today: BlockDAG Nears $363M Funding Target Before August 11 Launch Driven by X1 App and 10 BTC Auction

BlockDAG is nearing a $363 million funding target ahead of its scheduled GLOBAL LAUNCH on August 11, driven by the widespread adoption of its X1 Miner App and the ongoing 10 BTC Auction [1]. The project, which is on track to become the largest presale in seven years, has already sold 24.7 billion BDAG tokens across 29 presale rounds, with more than 2.5 million users actively mining BDAG daily through the mobile application [1].

With a current token price of $0.0016, BlockDAG has confirmed that the token will list at $0.05 on over 20 exchanges following the official launch [1]. This would represent an expected return on investment (ROI) of 3,025% at launch, making it one of the most anticipated presale projects in the crypto space [1]. The project has also sold over 19,000 ASIC miners, supporting real-world decentralized mining infrastructure and further solidifying its network [1].

The X1 Miner App, available on iOS and Android, has been a key driver of growth. It allows users to earn up to 20 BDAG tokens per day through simple interactions, referrals, and participation in a gamified leaderboard [1]. This low barrier to entry has helped BlockDAG reach a broad audience, including first-time crypto users.

Another major catalyst has been the 10 BTC Auction, which gives every BDAG buyer before August 11 an automatic chance to win a share of the Bitcoin pool [1]. Larger presale contributions result in higher chances of winning, creating a sense of urgency and community-driven momentum in the final days before launch [1].

Analysts are taking notice due to the project’s tangible progress. BlockDAG has deployed a live product in the form of the X1 App and a working trading demo, along with physical mining units. The project also boasts a growing developer community—4,500+ developers are building on the DAG-based system—along with 300+ dApps in development across DeFi, Web3, gaming, and AI [1]. These metrics suggest a strong foundation beyond speculative hype [1].

While the $1 price target for BDAG within 12 months of launch is considered optimistic by some, it is supported by factors such as the potential 625x increase from the current price, active daily engagement from over 2.5 million users, and the expanding ecosystem of real-world use cases [1]. With a $600M funding base already secured and a live Bitcoin auction underway, BlockDAG is demonstrating how a well-executed vision can attract both retail and institutional attention [1].

The final days before the August 11 launch present a critical window for new entrants. Presale participants can still purchase BDAG at $0.0016 before it is listed at $0.05, increasing their potential returns. The 10 BTC Auction remains open until launch, and the project continues to gain traction as one of the most active and well-supported presales in the crypto market [1].

Source: [1] BlockDAG Closes in on $600M Milestone Ahead of GLOBAL LAUNCH Release, Driven by X1 Miner App & 10 BTC Auction (https://cryptofrontnews.com/blockdag-closes-in-on-600m-milestone-ahead-of-global-launch-release-driven-by-x1-miner-app-10-btc-auction/)