Last updated on February 10th, 2024 at 12:35 pm
London, United Kingdom, February 9th, 2024, Chainwire
Bitcoin Dogs is set to be part of cryptocurrency history with the first-ever ICO on the Bitcoin blockchain, launching on February 14th, 2024.
The presale for its native token, $0DOG, will last only 30 days, with an end date of the 15th March 2024, when it will become available for trading.
Accompanying the $0DOG coin will be an immersive metaverse GameFi experience and NFT collection, both available exclusively to token holders.
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The sale will start with stage 1, priced at $0.015 per token, after which, the price will then automatically increase every 72 hours. The final stage of the presale will see each $0DOG token being sold at $0.0404, a 169.33% price difference to early-stage buyers.
The project is set to challenge Bitcoin Cats, which also launched on the Bitcoin Blockchain under 7 weeks ago, and is currently sitting at $24m in market cap, with over $7m daily trading volume.
Using the paradigm-shifting Ordinals protocol, players will store their NFTs on the Bitcoin BRC-20 blockchain, offering a new level of security and reliability when stacked up against competitors Solana and Ethereum.
Press the paws button: Inside the Bitcoin Dogs game
Bitcoin Dogs allows users to raise, trade, and race their pets in a play-to-earn (P2E) environment, drawing heavily on experiences like Tamagotchi or Axie Infinity.
The game invites players to look after their dogs to level them up. In-game token BARK powers this process; these can be earned by sharing activity on social media – a mechanism designed to bring new players into the fold.
As dogs reach maturity, they begin to earn $0DOG – the BRC-20 presale token and one that players can ultimately hold, sell, or bet with. Dog owners can battle it out in races to compete for each other’s $0DOG stash, creating a financial incentive for players to climb the leaderboards.
$0DOG tokens can also be staked to maximize rewards: presale stakers will unlock a 75% APR when they lock up their tokens.
Retro gaming graphics bring the Bitcoin Dogs world to life, with dogs stored on the blockchain as 10,000 individual NFTs with varying rarity levels. This ecosystem is given an extra layer of interactivity with NFT owners having the option to buy, sell, and even breed their dogs, creating a vibrant marketplace for dog lovers to interact with one another.
Since these NFTs are minted on the Bitcoin blockchain using the cutting-edge Ordinals protocol, there’s something for multiple cohorts of investors. Bitcoin maximalists get to enjoy NFTs without leaving the BTC ecosystem, and seasoned collectors can become early investors in the NFT market’s newest niche.
The Road Ahead for Bitcoin Dogs
The Bitcoin Dogs ICO is the simplest way to purchase $0DOG tokens. 90% of the 900,000,000 total supply will be available during the presale, with any unsold tokens (stray dogs) being “burned’ to create deflationary pressure.
After the presale, $0DOG will be available in the secondary market for trading Then, in Q2, comes the Bitcoin Dogs NFT collection, as well as the beta version of the Bitcoin Dogs game.
The game will continue to develop, with the addition of new P2E partnerships, and will officially launch to the public in Q3. Competitions and events will bolster the project’s marketing efforts, and the cross-chain bridge will go live too, bringing Bitcoin Dogs to its biggest audience yet.
The timing for $0DOG couldn’t be better
Now is the opportune moment for Bitcoin Dogs to strike since many experts are predicting the NFT craze will return. This is compounded by a range of bull market indicators. Additionally, given the success of first-generation projects like Bitcoin Cats last year, the team hopes that Bitcoin Dogs will excel and have a vibrant community.
Bitcoin itself is enjoying a bright start to 2024 that looks set to continue: Bitcoin ETFs were approved in January, and the next halving in April is coming up. Bitcoin Dogs is looking to ride this wave as the roadmap unravels throughout the year.
As the first ICO on the Bitcoin blockchain, making the ground-breaking union of NFTs, BRC-20 tokens, and cross-chain interoperability, the project and its $0DOG token are a rare leap forward in the crypto space.
About Bitcoin Dogs
Bitcoin Dogs is breaking new ground in the Bitcoin ecosystem. For the first time, 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.
$0DOG tokens will be available to purchase on the BitcoinDogs.club website on February 14th, 2024, at 11:00 AM GMT.
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Bitcoin Dogs is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in cryptocurrencies can be volatile and dangerous.
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