Bitcoin Dogs’ presale nears end with over $12 million raised

The native 0DOG token deviates from conventional ERC-20 tokens, blending Bitcoin security with blockchain technology

As the Bitcoin blockchain-based play-to-earn (P2E) game Bitcoin Dogs’ presale entered its final 24 hours, the project amassed over $12 million, showcasing a strong interest from the cryptocurrency community.

Bitcoin Dogs stands out as the inaugural crypto presale on the Bitcoin blockchain, having raised a substantial sum in less than a month.

The 0DOG token, introduced by Bitcoin Dogs, deviates from the conventional ERC-20 tokens, offering a blend of Bitcoin security and the potential of blockchain technology.

It serves beyond facilitating transactions within the ecosystem, providing investors access to an exclusive gaming world.

The Bitcoin Dogs project taps into the gaming and NFT sectors. Accessing gaming and NFTs, exclusively for 0DOG holders, allows players to nurture, train, and engage in battles with their digital pets. The project includes player-versus-player matches, where significant amounts of 0DOG tokens are rewarded to the owner of the winning pet.

Moreover, Bitcoin Dogs plans to release an exclusive collection of 10,000 NFTs through Bitcoin Ordinals, including rare and ultra-rare editions.

The project draws inspiration from successful gaming ventures such as Axie Infinity, Xpet, and Bitcoin Cats, incorporating similar characteristics that contributed to the historic pricing of NFT collections like BAYC and CryptoPunks.

Additionally, one fortunate investor stands a chance to win tickets to a Snoop Dogg concert in Las Vegas along with $25,000 worth of ODOG tokens. The project also offers a 5% referral fee for token holders who bring in new investors.

The purchasing mechanism for 0DOG tokens is unique, allowing acquisition through ERC-20 or select stablecoins, which convert to BRC-20 0DOG tokens post-presale.

Investors merely need to provide a simple Bitcoin wallet address for the process. The token supply is capped at 900 million, promising potential returns and adopting a deflationary strategy to burn unsold tokens.

The final token price is set at $0.0404, reflecting a substantial increase of 169% for those who participated in the first stage of the presale.

The timing seems opportune for this initial coin offering, coinciding with a bullish crypto market driven by events like Bitcoin reaching record-high levels and the introduction of Bitcoin spot exchange-traded funds (ETFs). Being the first BRC-20 token presale, early backers anticipate significant gains.

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Written by Silvia Pavlof

Silvia has explored various forms of writing, ranging from content creation for social media to crafting movie scripts. Drawing on her experience as a journalist specializing in the gambling sector, she is currently investigating the impact of cryptocurrencies and blockchain on traditional gambling and iGaming.

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