BlockDAG raises $371M in presale sells 19,000 ASIC miners targets decentralized mainnet launch

BlockDAG has sold over 19,000 ASIC miners ahead of its mainnet launch, raising $371 million in presale funding across multiple phases [1]. These miners, part of the X-Series line, are being distributed globally and serve as the core infrastructure of the project’s hybrid Proof-of-Work (PoW) and Directed Acyclic Graph (DAG) blockchain. This early deployment of mining hardware is a strategic move to ensure the network is secure, decentralized, and operational from day one [2].

The presale success has not only generated significant capital but also driven widespread participation. The X1 mobile mining app, which allows users to mine BDAG on smartphones, has attracted over 2.5 million users, further expanding the network’s accessibility and user base [4]. Combined with the physical miner sales, this dual-layer approach—mobile mining for entry-level users and high-performance ASICs for serious miners—has helped BlockDAG build a diverse and globally distributed ecosystem [5].

Infrastructure and decentralization are central to BlockDAG’s design. By distributing mining rigs across multiple regions before the mainnet launch, the project aims to prevent geographic concentration of hashrate power. This strategy enhances network resilience and reduces the risk of regulatory or technical disruptions in any one jurisdiction [8]. The global reach is reinforced by the X1 app’s user base, which spans millions of participants across different markets.

The project has also attracted over 200,000 token holders and more than 4,500 developers working on over 300 decentralized applications prior to the mainnet launch [3]. This early adoption and development activity contrast with traditional blockchain projects, which often begin marketing and onboarding efforts only after the mainnet is live. BlockDAG’s approach ensures a fully active ecosystem from the outset, positioning it to compete with more established Layer-1 platforms [2].

The capital raised—$371 million so far—exceeds that of several recent high-profile blockchain launches, including Avalanche, and nearly doubles the amount raised by Aptos before its mainnet debut [2]. This funding is being used to support liquidity, incentivize developers, and expand the network’s global visibility through marketing campaigns and strategic partnerships with sports teams, entertainment figures, and digital communities [7]. These collaborations include tokenized experiences and interactive campaigns designed to integrate BDAG into users’ daily lives before the mainnet launch [2].

With its infrastructure, capital, and user base already in place, BlockDAG is positioned to enter the Layer-1 market as a fully formed ecosystem. If the model proves successful, it could set a new standard for how blockchain networks are launched and scaled, emphasizing infrastructure and decentralization from the very beginning [3].

Sources:

[1] https://crypto-economy.com/19000-miners-371m-raised-how-blockdag-is-building-a-fully-active-network-before-day-one/

[2] https://www.ainvest.com/news/blockdag-presale-hits-371m-2-5m-x1-app-users-2508/

[3] https://coindoo.com/the-global-layer-1-launch-strategy-blockdags-371m-path-to-redefining-the-game/

[4] https://theprint.in/brandit/blockdags-x1-miner-app-becomes-the-engine-of-the-370m-presale/2719499/

[5] https://coindoo.com/blockdags-x1-app-hits-2-5m-users-pushing-371m-presale-toward-record-breaking-600m-goal/

[7] https://blockchainreporter.net/blockdag-explodes-past-371m-the-top-crypto-presale-racing-toward-600m/

[8] https://cryptobrowser.io/news/next-altcoin-to-explode-in-2025-blockdag-render-fetchai-and-arbitrum-showing-strong-momentum/