Bitcoin Blockchain’s World’s First ICO Nears Final 48 Hours – Blockchain News, Opinion, TV & Jobs

adminMarch 13, 2024

London, UK, March 13, 2024, Chainwire

Bitcoin Dogs has raised a whopping total of $10.6 million as it nears the final 48 hours of the pre-sale, after which the 0DOG token became publicly tradable.

The ICO, the first token built on the Bitcoin blockchain, launched on February 14th. debuted with a product video that garnered thousands of views and achieved viral growth; 110,000 followers X has over 25,000 members, all within 30 days on Telegram.

This outstanding response has been greatly enhanced by Bitcoin Dogs’ innovative use of the Bitcoin Ordinal Protocol, Bitcoin’s 2023 update that enables token issuance and NFTs on the Bitcoin blockchain. . This places Bitcoin Dogs firmly within the scope of the Web3 camp, as the project offers both 0DOG tokens, NFT collections, and GameFi experiences to those who invest.

0DOG can currently be purchased at a final price of $0.0404 before it becomes available for public trading. Pre-sale ends Friday, March 15th.

0DOG can be purchased at: Bitcoin Docs website.

Born and raised in Bitcoin

Ordinal numbers allow collectibles and custom tokens to be recorded in satoshi, or “sats,” the smallest unit of Bitcoin. This has allowed NFTs and “BRC-20” tokens to thrive on the Bitcoin network, and according to Grayscale, Bitcoin is now competing with Ethereum for the title of dominant NFT chain.

Bitcoin Dogs uses Ordinals in two ways, making it a potential flagship project for the protocol. First, 0DOG tokens are issued according to the BRC-20 standard. This means that 0DOG tokens are stored and transmitted over the Bitcoin network, just like ERC-20 tokens like SHIB on Ethereum. BRC-20 tokens have become very popular since their launch last year, and the two remain in the top 100 cryptocurrencies by market capitalization.

Second, Bitcoin Dogs, available only to 0DOG holders, uses Ordinal to engrave Satoshi images to issue 10,000 NFTs on the Bitcoin blockchain. Ordinals NFT collections like Bitcoin Frogs and NodeMonkes have grown in popularity in recent months, with the latter hitting $1 million in sales in early March.

Bitcoin Dogs uses the same 8-bit graphics style as this project, while also implementing the ever-popular “doge” style images.

The Bitcoin Dogs team is optimistic that Ordinals’ use cases will allow Bitcoin Dogs to benefit from the general bullish sentiment surrounding the Ordinals protocol. The team is hoping owners will replicate the success of ORDI and other notable NFT collections.

pre-sale

As we approach the final 48 hours, 0DOG is currently selling for $0.0404, which is the final fixed price before the token becomes available for public trading.

At the end of the pre-sale, all unsold tokens will be burned and permanently removed from circulation. This means that the total supply, originally 900 million DOG, will ultimately be determined by the market.

Burning could reduce supply, which could theoretically increase the price of 0DOG if demand persists. Deflationary pressures like these are credited with creating long-term value for tokens like Bitcoin and numerous other cryptocurrencies.

Bitcoin’s halving, scheduled for April, is traditionally associated with increased scarcity, and the team predicts that Bitcoin’s price is likely to rise above its all-time high of $72,968,000. The team also expects this surge to ripple into the broader cryptocurrency market, which suggests the broader cryptocurrency market could benefit from the resulting hype.

Pre-sale ends Friday, March 15th.

Introduction to Bitcoin Dogs

Bitcoin Dogs is breaking new ground in the Bitcoin ecosystem. For the first time, NFTs, games and a new token type are coming together to offer the first ICO on the original Bitcoin blockchain. Bitcoin’s true permissionless immutability is being leveraged to create 0DOG tokens, and Play-to-Earn (P2E) gaming experiences and NFT collections are being developed exclusively for 0DOG holders.

For more information about Bitcoin Dogs (0DOG) users, please visit: Website.

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