BlockDAG Raises Over $300 Million to Date – Fastest Growing Presale in History

While the geopolitical conditions have created issues for the crypto currently being traded live, the ICO side of the aisle tells a different story. Innovative use cases are being cooked up, and multiple new projects are emerging, addressing the shortcomings of the archaic architecture of blockchain.

This has given rise to people’s desire to support the best projects that could topple the existing leaders. One of these projects is BlockDAG, a multi-utility innovative ecosystem that has made history by becoming the fastest presale in history, having raised over $302 million to date.

The goal of this project is to run up to its $600 million target. And from the way it has focused on branding, and the way people have understood its unique use cases, that just might become a reality.

Adopting a Hybrid Proof of Work Mechanism

BlockDAG has been designed as a multi-faceted ecosystem, which means finding its standout utility could be difficult, since all of them could become the highlight of the blockchain economy.

But its core lies in its unique architecture, which converges Bitcoin’s security with the directed acyclic graph.

The result of this marriage is a hybrid proof-of-work system that enforces a high degree of decentralization, making the project more community-centric — which is a big thing, considering everything about BlockDAG screams bluechip.

Focusing on Security to a Higher Degree

There is implementing flexibility and then there is maintaining it, and that’s where BlockDAG shines with its security-centric approach. The platform has already gone through multiple rounds of audits, and once the beta release of the testnet arrives on the market, more security auditing will follow.

The future audits will focus on protocol and consensus security, network and node security, smart contract security, cryptographic security, blockchain data and storage security, performance and scalability testing, interoperability and cross-chain security, governance and upgradeability risks, and more.

This shows that for BlockDAG, security assurance is not a one-off thing. It represents awareness about the current state of blockchain, which requires constant vigilance toward user and data protection.

Accessibility and Security to Enforce Maximum Adoption

Beyond adopting a hybrid architecture, BlockDAG has also put its best foot forward to ensure most people adopt its new technology.

It features a high degree of compatibility, giving room for EVM to work within its ecosystem. The smart contract builder features a low-code approach, scalability is achieved thanks to the unique consensus mechanism, and BlockDAG could be easily implemented in real-world use cases.

These use cases are associated with logistics and enhancing financial systems, offering a new way of digital interaction.

This flows into its cryptocurrency mining app, which is accessible through mobile and has different iterations. However, it is the developer and start-up hub that has also been instrumental in pushing the BlockDAG project to rise beyond standard crypto offerings.

Developer Hub and Startup Hub: Getting the Future Ready for Cryptocurrency Adoption

The community-centric nature of the BlockDAG ecosystem shines through thanks to its comprehensive resources, tools, and community support.

Those who wish to expand their horizons within the crypto economy will be able to learn through an extensive knowledge base. The base consists of both standard crypto knowledge and community-driven insights. This is known as the BlockDAG Academy.

Beyond learning, BlockDAG is also leveraging its unique architecture to provide developers a wide berth to express their creativity.

That said, BlockDAG has also ventured beyond the traditional ecosystems through its startup hub, which is focused on offering project grants, partner vouchers, marketing support, technical assistance, and investor connections to startups.

A total of $430 million has been allocated through this grants program already, which is focused on infrastructure projects and decentralized applications.

Taking the Long and Fast Route

None of what BlockDAG has achieved so far is a shortcut. It hasn’t relied on memes, but has only focused on pure utility and brand partnerships to gain the attention of the cryptocurrency community.

Its partnerships have extended into the cultural section of sports, with Alex Pereira of the UFC and the popular Inter Milan being onboarded. This shows BlockDAG aims to be much more than a hub of complex use cases — it seeks to become a cultural phenomenon that could be easily accepted by the wider blockchain community.

BlockDAG Raises Over $302 Million

The reasons that have pushed BlockDAG to the stratosphere of crypto ICOs have already been highlighted in this text. It raised $302 million despite not relying on memes, and its tokenomics — which gives most tokens to miners, presale investors, and the community — shows integrity.

This fastest-rising crypto presale is now aiming to hit an even higher $600 million target, which it will likely succeed in achieving, provided that market interest continues to remain the same as it is today.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu