BlockDAG‘s recent Dev Release 72 brings essential enhancements, directly addressing user inquiries and boosting the X1 miner app’s functionality. This update aims to eliminate misunderstandings about the referral system and mining rates.
Additionally, BlockDAG’s strategic tokenomics underscore its commitment to scarcity and value, boasting a total supply of 150 billion coins, with over 12 billion already sold in the presale. This strategy has rallied remarkable community support, highlighted by the $58.3 million generated in the presale and another $3.7 million from miner sales.
What you'll learn 👉
Decoding BlockDAG’s Strong Tokenomics
BlockDAG stands out with a finite supply of 150 billion BDAG coins, reinforcing its dedication to scarcity and value. The network enforces a halving event every 12 months, strengthening this commitment. By limiting the total coin supply, BlockDAG crafts a controlled environment that reduces inflation risks and ensures stability for both users and investors.
The strategy for growth includes allocating 33% of the total supply, or 50 billion coins, for presale. This stage allows early supporters to invest at favorable rates and emphasizes strategic marketing to elevate BlockDAG’s visibility in the crypto arena. The remaining 66% is allocated to community support, with 80% designated for miners, enhancing platform security and rewarding both current and future miners.
Furthermore, 15% of the community coins are set aside for initiatives like educational programs, hackathons, and conferences, fostering community engagement. Additionally, 5% of the BDAG coins feed into a liquidity pool to stabilize trading and reduce price fluctuations, while 1% is reserved for the team, aligning their interests with the long-term success of BlockDAG.
BlockDAG’s presale has progressed swiftly, with Batch 1 starting at $0.001 per coin and Batch 19 currently priced at $0.014, nearing a sell-out. With only 25 million BDAG coins left, Batch 20 is set to launch at $0.015. To date, BlockDAG has raised $58.3 million from selling over 12.1 billion BDAG coins and $3.7 million from more than 9,000+ miners, demonstrating the strength of its tokenomics and strategic growth.
Dev Release 72 Clears Up User Concerns & Boosts App Usability
Dev Release 72 concentrates on resolving user concerns about the referral system and mining rates, promoting a clearer understanding. Users had been puzzled by the status symbols in the Groups module.
The revised status symbols now include “Active,” showing the user is registered and actively mining; “Inactive,” showing registration without mining; and “Pending,” for those awaiting registration. This update allows users to better grasp their referral statuses, with “Inactive” clearly distinguishing between non-mining registered users and active miners. These changes will appear in the next build.
There was also ambiguity surrounding the mining rate. The basic rate is 0.8 BDAG coins per hour, with each active referral contributing an additional 0.2 BDAG coins per hour. For instance, if a user has 10 referrals and 5 are active, their mining rate would be 1.8 BDAG coins per hour. This clarification helps users optimize their mining efforts with the X1 app.
Moreover, a recent technical issue with the OTP system was swiftly corrected following its identification as a third-party service issue. The BlockDAG team appreciates users’ patience and is committed to maintaining a transparent and smooth experience for all.
Concluding Thoughts
BlockDAG’s 72nd Dev Release underscores the network’s dedication to resolving user issues and improving app functionality. By clarifying referral statuses and mining rates, it ensures a more seamless user experience. The strategic tokenomics, focusing on scarcity and controlled growth, has won over the community, as shown by the impressive presale results.
With over 12 billion coins sold and ongoing enhancements, BlockDAG is poised for continued success in the crypto market, offering a stable and promising future for investors and users alike.
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