BlockDAG’s Moon Keynote 2 & $46.8M Presale Attract Investors Amid SEI Price Drop & Aave Blockchain News
June 10th, 2024 at 6:29 pm UTC · 4 min read
/BlockDAG/ – In the last 24 hours, SEI’s price has decreased by 3.91% following the distribution of over 27 million SEI tokens. On the other hand, Aave has proposed creating the Aave Blockchain as the main network hub for Aave and its native stablecoin, GHO. In contrast, BlockDAG’s (BDAG) release of its Moon Keynote 2 has created significant global excitement.
The presale has soared to $46.8 million, with 11.1 billion coins sold and more than 7,100 miners participating. The keynote emphasises BlockDAG’s potential as a leading Layer 1 cryptocurrency, promising an impressive ROI of 30,000x. With innovative advancements and a rapidly growing community, BlockDAG aims to revolutionise the crypto market.
The Decline in SEI Price During v2 Upgrade & Token Distribution
SEI’s price has dropped by 3.91% in the last 24 hours, accompanied by a 19.51% decrease in trading volume. This decline followed the successful v2 upgrade by the Sei Foundation, which led to the distribution of over 27 million SEI tokens. The airdrop was intended to reward active participation since the launch of the Pacific-1 Mainnet but faced criticism regarding its fairness.
To address these concerns, the foundation set eligibility criteria that excluded addresses with high SEI holdings or large NFT collections. The v2 upgrade introduced sub-second transaction finality and enhanced scalability, positioning Sei to compete with networks like Monad and Neon.
Multichain Hub for GHO and AAVE Staking on the Aave Blockchain
Aave’s proposal to launch the Aave Blockchain as a primary network hub for Aave and its native stablecoin GHO is notable. The proposal maintains a multichain and network-agnostic approach for seamless integration across various blockchain ecosystems. The GHO stablecoin could be used to pay gas fees, while the AAVE token would serve as the main staking asset for decentralised validators and sequencers.
This move aims to boost the utility and demand for both tokens. Aave, the largest lending protocol with over $13 billion in TVL, plans to surpass major Layer-2 networks. The crypto community has welcomed this proposal, highlighting a trend of dApps launching dedicated blockchains to enhance interoperability and collaboration.
Keynote Address by BlockDAG Reveals Significant Advances
BlockDAG’s second keynote unveiled significant advancements, earning praise from Forbes and Bloomberg and gaining support from prominent crypto figures. Key updates include the introduction of the X1 App, blockchain enhancements, announcing a fully human workforce, global marketing efforts, and roadmap refinements.
The keynote 2 showcases BlockDAG’s DAG technology, simultaneously enhancing scalability by processing multiple transactions. They have introduced a Low-Code/No-Code platform and plan to launch the mainnet four months after the mid-August Testnet. They are currently generating $500k daily, with projections suggesting this might rise to $5 million daily. The presale will conclude in sync with the mainnet launch within four months.
The Moon Keynote also highlights the X1 Miner app, which is now in beta on Android and Apple platforms. This app turns smartphones into efficient BDAG coin-mining machines using a power-saving algorithm. It features a user-friendly interface, a referral programme to increase mining rates, and daily participation rewards. Upcoming features like Wallet, Send/Receive, Leaderboard and Community Section will enhance the app’s utility. Upon release, participants can start mining up to 20 BDAG daily, valued at $1 each.
Final Thought
SEI price fell by 3.91% following the distribution of over 27 million SEI tokens. Meanwhile, Aave’s proposal to establish the Aave Blockchain as a central hub for Aave and its native stablecoin GHO shows promise but is still in the early stages. In stark contrast, the release of BlockDAG’s Moon Keynote 2 has generated global excitement, driving the presale to $46.8 million by distributing 11.1 billion coins and engaging over 7,100 miners.
The keynote underscores BlockDAG’s position as a leading Layer 1 cryptocurrency, with a potential ROI of 30,000x. With groundbreaking technologies and a rapidly expanding community, BlockDAG is poised to transform the crypto market, surpassing SEI and Aave.
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