Bitcoin Dogs is about to enter the final 48 hours of its pre-sale and has raised $10.6 million so far, after which the 0DOG token will be open for trading.
This ICO started on February 14. The first product announcement video received tens of thousands of views and achieved viral growth, attracting more than 110,000 X community followers on Telegram in less than 30 days. Over 25,000 members.
This achievement is mainly due to Bitcoin Dogs’ innovative use of the Ordinals protocol, which makes it possible to issue NFTs and tokens on the Bitcoin chain. Bitcoin Dogs is committed to providing investors with 0DOG tokens, NFT collections, and GameFi experiences.
Before the token is officially open for trading, users can trade at a price of $0.0404 per coin.Buy;Pre-sale ends on Friday, March 15th.
Born and grown on the Bitcoin network
Ordinals allows NFTs and custom tokens to be written onto Bitcoin’s smallest denomination “sats,” allowing NFTs and BRC-20 tokens to flourish on the Bitcoin network. Grayscale has said that Bitcoin is now competing with Ethereum for the title of the dominant NFT chain.
Bitcoin Dogs uses Ordinals in two ways and aims to be the flagship project of the protocol. First, 0DOG tokens are issued according to the BRC-20 standard, which means that 0DOG tokens are stored on the Bitcoin network, similar to ERC-20 tokens such as SHIB on Ethereum. BRC-20 tokens have been extremely popular since their debut last year, with two tokens currently still in the top 100 cryptocurrencies by market capitalization.
Second, for 0DOG holders, Bitcoin Dogs will mint 10,000 NFTs on the Bitcoin blockchain, using Ordinals to inscribe images on “Satoshis.” Ordinals NFTs like Bitcoin Frogs and NodeMonkes have become extremely popular in recent months, with the latter hitting $1 million in transactions in early March.
Bitcoin Dogs uses the same 8-bit graphics style as those projects, while applying the popular doge style graphics to it.
The Bitcoin Dogs team is optimistic about the adoption and benefits of Ordinals, and the team hopes that holders can replicate the success story of ORDI and other well-known NFT collectibles.
Pre-sale is about to end
As the presale enters its final 48 hours, 0DOG is currently selling for $0.0404, which was the last fixed price before the token began trading publicly. Pre-sale ends on Friday, March 15th.
At the end of the pre-sale, all unsold tokens will be destroyed. The original total amount of 0DOG is 900 million, and the final actual circulation will be determined by the market.
The burning will reduce supply and, if demand persists, could further push the price of 0DOG higher. Like Bitcoin and many other cryptocurrencies, this deflation will create value in the long term.
The team expects that the Bitcoin halving planned for April will further push the price of Bitcoin to exceed all-time highs. Furthermore, the team expects this rally to spread to the broader cryptocurrency markets, which may benefit from the hype.
About Bitcoin Dogs
Bitcoin Dogs integrates NFTs, games, and new asset types to power ICOs on the Bitcoin network. It leverages the permissionless nature of Bitcoin to create 0DOG tokens while developing P2E games and NFT collections for 0DOG holders.
