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

chainwire

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

Bitcoin Dogs leverages the recent Ordinals protocol to break new ground in the Bitcoin ecosystem and the team plans to launch a 10k-strong NFT collection later this year.

The opportunity to be part of history has been a key selling point for the brand, fuelled no doubt by the token price increasing every three days, until the presale ends on Friday, 15th March – after which the token will become available for trading.

In less than 6 days, the Bitcoin Dogs’ X community has surged past 80k followers, with a further 14.5k actively discussing the project in the Telegram community.

Bitcoin Dogs (0DOG) is available on the official website.

The Road Ahead For Bitcoin Dogs

Beyond the historic ICO that has launched the 0DOG token, Bitcoin Dogs has a very comprehensive roadmap as outlined in its whitepaper, comprising a new play-to-earn game as well as one of the largest collections of Bitcoin NFTs to date.

Retro 8-bit graphics bring the Bitcoin Dogs universe to life, a subtle nod to early NFT collections like CryptoPunks as well as classic pet simulator games such as Tamagotchi.

Gameplay is heavily integrated with social media, a mechanism designed to build community and take the game to a wider audience. Sharing progress allows players the chance to earn in-game currency, which they can then use to compete against other players in hair-raising races and dog-themed competitions.

Price Drivers For 0DOG

There are a whole host of factors likely contributing to the success of Bitcoin Dogs, including strong project fundamentals and a resurgent crypto market led by Bitcoin, alongside a powerful value proposition.

Bitcoin Dogs offers a tangible product, with a game and NFT collection on the horizon. The project roadmap is also clear, with a long-term strategy to sustain interest beyond the ICO.

The ICO itself has also been a key selling point: being the first presale for Bitcoin-based tokens has attracted numerous buyers, and the short 30-day window has encouraged prospects to get in early. The increased momentum could also be driven by the price increase every three days.

The project’s proximity to Bitcoin is also a likely boon. Bitcoin has seen increased price value in 2024, stabilizing above $50k at the time of writing ahead of the next halving, scheduled for April.

With media including Cointelegraph predicting new highs in the wake of the halving, the wider market could also benefit, and if so Bitcoin Dogs is well-positioned to enjoy Bitcoin’s slipstream.

Furthermore, the BRC-20 token standard (which allows new cryptocurrencies to be deployed on, and secured by the Bitcoin blockchain) has made waves since it was unveiled in 2023. BRC-20 projects like ORDI and ORNJ have achieved rallies of 3,000% and 677%, respectively.

With potential like this at the forefront, Bitcoin Dogs aims to be the leading contender holding the BRC-20 torch. With just 23 days remaining, there is limited time before the highly anticipated open of public trading.

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 is being developed exclusively for 0DOG holders.

For more information (0DOG) users can visit the Bitcoin Dogs’ website.

Website | Whitepaper | Socials

Disclaimer: The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.

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