First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days

London, United Kingdom, February twenty first, 2024, Chainwire

Bitcoin Canines has now raised a complete of $3.1M in the primary 6 days of its historic presale. The challenge’s BRC-20 token, 0DOG, is the first-ever ICO on the Bitcoin blockchain.

Bitcoin Dogs leverages the current Ordinals protocol to interrupt new floor in the Bitcoin ecosystem, and the group plans to launch a 10k-strong NFT assortment later this 12 months.

The chance to be a part of historical past has been a key promoting level for the model, fuelled little doubt by the token value growing each three days, till the presale ends on Friday, fifteenth March – after which the token will develop into obtainable for buying and selling. 

In lower than 6 days, the Bitcoin Canines’ X community has surged previous 80k followers, with an extra 14.5k actively discussing the challenge in the Telegram group.

Bitcoin Canines (0DOG) is offered on the official website.

The Street Forward For Bitcoin Canines

Past the historic ICO that has launched the 0DOG token, Bitcoin Canines has a really complete roadmap as outlined in its whitepaper, comprising a brand new play-to-earn sport in addition to one of many largest collections of Bitcoin NFTs thus far. 

Retro 8-bit graphics convey the Bitcoin Canines universe to life, a delicate nod to early NFT collections like CryptoPunks in addition to traditional pet simulator video games resembling Tamagotchi. 

Gameplay is closely built-in with social media, a mechanism designed to construct group and take the sport to a wider viewers. Sharing progress permits gamers the possibility to earn in-game forex, which they’ll then use to compete towards different gamers in hair-raising races and dog-themed competitions.

Value Drivers For 0DOG

There are a complete host of things seemingly contributing to the success of Bitcoin Canines, together with sturdy challenge fundamentals and a resurgent crypto market led by Bitcoin, alongside a strong worth proposition.

Bitcoin Canines provides a tangible product, with a game and NFT collection on the horizon. The challenge roadmap can be clear, with a long-term technique to maintain curiosity past the ICO.

The ICO itself has additionally been a key promoting level: being the primary presale for Bitcoin-based tokens has attracted quite a few patrons, and the brief 30-day window has inspired prospects to get in early. The elevated momentum may be pushed by the value enhance each three days.

The challenge’s proximity to Bitcoin can be a possible boon. Bitcoin has seen elevated value worth in 2024, stabilizing above $50k on the time of writing forward of the following halving, scheduled for April.

With media, together with Cointelegraph predicting new highs in the wake of the halving, the broader market may additionally profit, and if that’s the case, Bitcoin Canines is well-positioned to get pleasure from Bitcoin’s slipstream.

Moreover, the BRC-20 token normal (which permits new cryptocurrencies to be deployed on, and secured by the Bitcoin blockchain) has made waves because it was unveiled in 2023. BRC-20 tasks like ORDI and ORNJ have achieved rallies of three,000% and 677%, respectively.

With potential like this on the forefront, Bitcoin Dogs goals to be the main contender holding the BRC-20 torch. With simply 23 days remaining, there’s restricted time earlier than the extremely anticipated opening of public buying and selling. 

About Bitcoin Canines

Bitcoin Canines is breaking new floor in the Bitcoin ecosystem. For the primary time ever, NFTs, gaming, and new token sorts come collectively to supply the primary ICO on the unique Bitcoin blockchain. The really permissionless immutability of Bitcoin is being harnessed to create the 0DOG token, whereas a play-to-earn (P2E) gaming expertise and NFT assortment is being developed completely for 0DOG holders.

For extra info (0DOG) customers can go to the Bitcoin Canines’ website.

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