London, United Kingdom, March 13th, 2024
The presale of Bitcoin Dogs has been a resounding success, with the project raising an impressive total of $10.6 million as it enters the final 48 hours before the public trading of its 0DOG tokens becomes available.
A Phenomenal Response
The Bitcoin Dogs Initial Coin Offering (ICO), the first-ever for a token built on the Bitcoin blockchain, commenced on February 14th, 2024. It kickstarted with an enticing product video that garnered thousands of views and experienced viral growth, amassing a community of over 110k followers on Twitter and in excess of 25k members on Telegram within just under 30 days.
Leveraging the Power of Ordinals
The extraordinary response to Bitcoin Dogs can be significantly attributed to its innovative utilization of the Bitcoin ordinals protocol, a 2023 update that enables token minting and NFTs on the Bitcoin blockchain. This places Bitcoin Dogs among the Web3 projects as it offers its 0DOG token, an NFT collection, and a GameFi experience to investors.
Ordinals: The Future of Bitcoin
Ordinals allows collectibles and custom tokens to be written onto satoshis, the smallest denomination of a bitcoin. This has paved the way for NFTs and BRC-20 tokens to flourish on the Bitcoin network, making it a potential contender for the title of dominant NFT chain over Ethereum. According to Grayscale, Bitcoin is now competing for the NFT market share against Ethereum.
Bitcoin Dogs and Ordinals: A Perfect Match
0DOG tokens are issued under the BRC-20 standard, which means they are stored and transferred over the Bitcoin network much like ERC-20 tokens such as shib on Ethereum. The popularity of BRC-20 tokens, which include two in the top 100 cryptocurrencies by market cap, has been a significant factor in Bitcoin Dogs’ success.
Additionally, 0DOG holders will have access to the minting of 10,000 NFTs on the Bitcoin blockchain using Ordinals. This exclusive benefit is similar to other successful Ordinals NFT collections like Bitcoin Frogs and NodeMonkes, which have recorded significant sales in recent months.
Bitcoin Dogs shares the same 8-bit graphic style as these projects while integrating the ever-popular “doge” style imagery on top.
The Bitcoin Dogs Team’s Optimism
The Bitcoin Dogs team is confident that the use cases for Ordinals position Bitcoin Dogs to benefit from the general bullish sentiment surrounding the protocol. The team hopes that owners will replicate the success stories of ORDI and other notable NFT collections.
The Presale
Currently priced at $0.0404, 0DOG tokens are available for purchase during the presale before they become publicly tradeable. The presale is set to end on Friday, March 15th.
Buying 0DOG
Interested investors can buy 0DOG tokens on the Bitcoin Dogs Website.
Ordinals, Bitcoin Halving, and the Future of Crypto
The team anticipates that the Bitcoin halving, scheduled for April, will potentially boost Bitcoin prices beyond its all-time high of $72.968k. They also believe that this surge in price could positively impact the broader crypto market.
