126 reads
World's First ICO On Bitcoin Blockchain Nears Final 48 Hours
by ChainwireMarch 13th, 2024
Too Long; Didn't Read
Bitcoin Dogs has raised a spectacular total of $10.6 million as it nears the final 48 hours of its presale. The ICO, the first-ever for a token built on the Bitcoin blockchain, began on the 14th of February. 0DOG is currently available to purchase at its final stage price of $0.0404.
LONDON, United Kingdom, March 13th, 2024/Chainwire/--
Bitcoin Dogs has now raised a spectacular total of $10.6 million as it nears the final 48 hours of its presale, after which the 0DOG tokens will become available for public trading.
The ICO, the first-ever for a token built on the Bitcoin blockchain, began on the 14th of February. It debuted with a
The exceptional response has been powered significantly by Bitcoin Dogs' innovative use of the Bitcoin ordinals protocol, a 2023 update to Bitcoin that enables token minting and NFTs on the Bitcoin blockchain.
This places Bitcoin Dogs firmly within a range of Web3 camps since the project offers both its 0DOG token, an NFT collection, and a GameFi experience to those who invest. 0DOG is currently available to purchase at its final stage price of $0.0404 before it becomes available for public trading. The presale will end on Friday 15th March. 0DOG is available to buy on the
Born And Bred On Bitcoin
Ordinals allow collectibles and custom tokens to be written onto satoshis, or “sats” — the smallest denomination of a bitcoin. This has allowed NFTs and “BRC-20” tokens to flourish on the Bitcoin network, and according to
Bitcoin Dogs uses Ordinals in two ways, making it a potential flagship project for the protocol. Firstly, the 0DOG token is issued under the BRC-20 standard, meaning that 0DOG tokens are stored and transferred over the Bitcoin network, much like ERC-20 tokens like SHIB on Ethereum.
BRC-20 tokens have been extremely popular since they debuted last year, and two remain in the
Ordinals NFT collections like
The Bitcoin Dogs team is optimistic that the use cases for Ordinals position Bitcoin Dogs to benefit from the general bullish sentiment surrounding the Ordinals protocol. The team is hoping that owners will replicate the success stories of ORDI and other notable NFT collections.
The Presale
As it nears its final 48 hours, 0DOG is currently on sale for $0.0404, the final fixed price before the token becomes available for public trading. At the end of the presale, any unsold tokens will be burned, permanently removing them from circulation. This means that the total supply, originally 900 million 0DOG, will ultimately be decided by the market.
A burn would reduce the supply, which could, in theory, drive up the price of 0DOG if demand were to persist.
The Bitcoin halving, scheduled for April and traditionally associated with increased scarcity, is anticipated by the team to potentially boost Bitcoin prices beyond the $72.968k all-time high. Furthermore, the team expects this surge to ripple out into the wider crypto markets, suggesting that the broader crypto market could stand to benefit from the ensuing hype.
The presale will end on Friday 15th March.
About Bitcoin Dogs
Bitcoin Dogs is breaking new ground in the Bitcoin ecosystem. For the first time ever, NFTs, gaming, and new token types come together to offer the first ICO on the original Bitcoin blockchain.
The truly permissionless immutability of Bitcoin is being harnessed to create the 0DOG token, while a play-to-earn (P2E) gaming experience and NFT collection are being developed exclusively for 0DOG holders. For more information about Bitcoin Dogs (0DOG), users can visit the
Contact
Bitcoin Dogs Team
Bitcoin Dogs
This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program
L O A D I N G
. . . comments & more!
. . . comments & more!
