First-ever ICO on Bitcoin blockchain raises $618k in under 4 hours

First-ever ICO on Bitcoin blockchain raises $618k in under 4 hours

By Charles Thuo - min read
  • Bitcoin Dogs conducts first-ever ICO on Bitcoin, raising $618k in under 4 hours.
  • Bitcoin Dogs introduces gaming, NFTs, and BRC-20 token standards to the Bitcoin community.
  • The 0DOG token unlocks an interactive gaming experience and a collection of 10K NFTs.

Bitcoin Dogs wasted no time in making more headlines hours after initiating its BRC-20 ICO today. The presale for the 0DOG token, the centrepiece of the project, has attracted substantial interest, with participants eagerly grabbing their share of the tokens.

The 0DOG presale, scheduled to last for 30 days until March 15th, has raised a staggering $618,475 in the first four hours alone pointing to the confidence investors have in the project.

The presale approach incorporates 10 stages, commencing with an initial price of $0.015 per token. As the presale progresses, the token price increases incrementally every three days. In the final stage, the 0DOG token will be going for $0.0404, showcasing a 169.33% price difference from the initial stage.

The Bitcoin Dogs immersive metaverse

At the core of Bitcoin Dogs is the revolutionary Ordinals protocol, introducing the BRC-20 token standard on the Bitcoin blockchain. This paradigm shift allows users to explore a Layer 2 environment, bringing new possibilities and dynamics to the Bitcoin community. Bitcoin Dogs aims to challenge the norm, bridging the gap between Bitcoin and the vibrant ecosystems found on platforms like Ethereum and Solana.

The 0DOG token serves as the key to unlocking an interactive gaming experience and a collection of 10,000 unique NFTs, each representing a virtual dog. With a play-to-earn (P2E) environment, users can raise, trade, and race their virtual pets, drawing inspiration from popular experiences like Tamagotchi and Axie Infinity. There will also be additional BARK tokens within the game to incentivize players to share their activities on social media, fostering community growth.

Additionally, there are staking opportunities to provide an additional layer of engagement, with presale stakers enjoying a lucrative 75% Annual Percentage Rate (APR) when locking up their tokens.

The retro gaming graphics bring the Bitcoin Dogs world to life, storing each virtual dog on the blockchain as individual NFTs with varying rarity levels. This not only creates a vibrant marketplace but also caters to multiple cohorts of investors, combining the appeal of NFTs with the security of the Bitcoin blockchain.

Bitcoin Dogs’ roadmap and prospects

As the presale continues to captivate the community, Bitcoin Dogs aims to sell 90% of the 900 million total supply. Any unsold tokens will be strategically “burned,” creating deflationary pressure.

Beyond the presale, 0DOG tokens will enter the secondary market for trading.

In the coming quarters, Bitcoin Dogs has ambitious plans, including the release of the Bitcoin Dogs NFT collection and the beta version of the game in Q2. The game’s evolution will be marked by new play-to-earn (P2E) partnerships, competitions, and events, contributing to the project’s marketing efforts. The cross-chain bridge, set to go live, promises to expand Bitcoin Dogs to its largest audience yet.

The timing for Bitcoin Dogs couldn’t be more opportune. Riding the wave of renewed interest in NFTs and buoyed by positive market indicators, the project aligns itself with Bitcoin’s prosperous start in 2024. With Bitcoin ETFs approved in January and the upcoming halving in April, Bitcoin Dogs positions itself as a significant leap forward in the crypto space, uniting NFTs, BRC-20 tokens, and cross-chain interoperability on the original Bitcoin blockchain.